Financial strategy Wagga Wagga City Council is committed to operating in a financially sustainable framework, to ensure that its community and other stakeholders can rely upon the ongoing provision of a full and diverse range of high-quality community services, facilities and infrastructure. Council plans to maintain its financial position and performance, to ensure resilience and a capacity to adapt and respond to arising community needs in a measured and equitable manner. The six key principles employed in Council’s financial planning process are: • Financial Sustainability · Balanced Budgets · Maintain Unrestricted Cash and Investments • Prudent financial investment • Effective utilisation of funding sources to fund capital works • Maintain tight control over expenditure and staff numbers, while still maintaining best value services, facilities and infrastructure • Maintain/move towards above benchmark results against key performance indicators • Narrow the Infrastructure Funding Gap
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