financial strategies.
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financial StrategY 3. Financial Strategy 3 Identify Ongoing Efficiencies Council is committed to identifying and implementing initiatives which reduce expenditure and/or increase income, thus improving Council’s bottom line and the capacity to improve services. With the exception of employee related costs, energy/utility costs and statutory contributions, increases in other budgets are only approved after all other options have been considered by Council’s senior executive team. A number of initiatives have been implemented to identify budget efficiencies. These include: •
Targeted savings for employee costs
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Review of fees and charges to ensure closer alignment with costs
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Sourcing grant funds to support capital programs and new initiatives
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Energy savings and carbon reduction initiatives
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Ebusiness and online service initiatives
• Improved information management systems and technology •
Review of capital project processes, procedures and outcomes
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Long Term Financial Plan