Quarterly business plan and budget updates
At the end of each financial quarter (September, December and March), we undertake a formal review of the annual budget and business plan. The key purpose of this review is to update estimates for items that have changed over the previous 3-month period. This ensures both Council and the community have a sound understanding of the current financial budget and performance against the business plan.
The mid-year review (December) provides a more detailed assessment of our project's financial position. It incorporates a review of the long term financial impacts of major budget changes since the budget was adopted.