Financial Management

Sorell Council endorsed the Annual Plan and Budget for the 2021 – 2022 financial year at the June 2021 meeting. Council approved a rate rise of 2.5% in line with the Long Term Financial Plan and the Long Term Asset Management Plans which continues the focus on ensuring the long term sustainability of Council.

The budget for 2021 – 2022 provides funding for essential services, maintenance of existing assets and new infrastructure growth.  The focus continues to be on maximising the community’s assets and infrastructure for their useful life, with limited funding for new infrastructure.

The annual budget is made up of the Operating and Capital Budget

2021-2022 Operating Budget

The 2021 – 2022 Capital Budget commits substantial funds of $16.9 million for capital works projects including:

  • $6.85 million for the stadium complex, access road and lighting at Pembroke Park
  • $6.3 million for roads, resealing and resheeting
  • $1.3 million for new and renewed footpaths, walkways and pedestrian crossings
  • $580,000 for upgrade and renewal of stormwater infrastructure
  • $920,000 for replacement of plant and equipment
  • $286,000 for parks and reserves renewals and upgrades
  • $500,000 for building works and facilities

Council has secured grant funding of $7.5 million which is included in the above capital works schedule.

Capital Works Program 2021 – 2022

Our fees and charges schedule includes fees and charges for planning, building, dog registrations, environment and health services, engineering, hall and sporting facility hire and more.

Fees and Charges 2021-2022

In accordance with the Local Government Act 1993, Council must develop and adopt a Long Term Financial Plan (LTFP).

The LTFP enables Council to plan the financial sustainability of the organisation.

Council’s LTFP has played a significant role in Council improving its financial sustainability, increasing its commitment to maintaining its asset base, planning for major projects, and aligning resources to achieve its strategic plans.

Long Term Financial Plan 2021-2022

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