AlburyCity’s long-term financial performance is deemed sustainable when planned service and infrastructure levels are consistently met without unexpected rate increases or disruptive service cuts.

AlburyCity can demonstrate its financial sustainability through the following financial sustainability foundations:

• Improved Operating Result: The ability to generate sufficient revenue from operations to fund required services, loan repayments, and infrastructure.
• Investment in Assets: The ability to renew assets to maintain the desired level of service and provide new assets to meet the demand for growth in services and service levels.
• Liquidity and Sustainable Debt Levels: The ability to maintain access to sufficient unrestricted cash to fund operations, capital works, and loan repayments as and when they fall due.

This Financial Sustainability Improvement Plan outlines the criteria AlburyCity needs to meet to achieve and maintain a financially sustainable position over the next four years, along with necessary actions to make it happen.

The Financial Sustainability Improvement Plan should be reviewed alongside AlburyCity's 10-year Long-Term Financial Plan (LTFP). The LTFP demonstrates the long-term financial impacts of our decisions based on assumptions, provides financial projections, scenario modelling, sensitivity analysis, and performance measures. It enables us to identify and address issues, guiding the assessment of the long-term financial sustainability of AlburyCity and informing service level adjustments both now and in the future.

We welcome your feedback on the Draft Financial Sustainability Improvement Plan 2024-2028. Submissions will be received until 5:00 pm Wednesday 29 May and can be submitted via the form above or addressed to:

Strategy and Performance, PO Box 323 Albury NSW 2640 or info@alburycity.nsw.gov.au

Submissions are not confidential. Submissions, summaries of submissions, and/or names and addresses of people making submissions may be included in publicly available reports to Council and Council's website.

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