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Home Page > Publications > Annual Report :
In this section:
2004-2005 Adopted Budget
2005-2006 Adopted Budget
2006-2007 Adopted Budget
2007-2008 Adopted Budget
2007-2008 Proposed Budget
2008-2009 Adopted Budget
2009-2010 Adopted Budget
index
2008/2009 Budget
This year’s Budget focuses on improving infrastructure and delivering services to meet the diverse needs of the local community. Throughout 2007-08, Council continued to engage in community consultation to identify these needs, gaining detailed feedback through meetings, surveys and public submissions.
The key priorities for the 2008-09 Budget are based on improving the liveability of Yarra, with a particular emphasis on transport and traffic, land use and development, environmental initiatives, asset management, and community development programs.
Council’s budget provides a total income of $113.9 million, of which 57.1% or $65.1 million comes from rates and the remainder from Government grants, fees, charges, and interest from investments.
In order to deliver our full range of current and new services and programs, Council has increased rates by 5.3% in line with the inner metropolitan average. Council will continue to reduce its debts by $1.8 million leaving a balance of $2.8 million, with the aim to be debt free by 2010-2011.
Council is investing $15 million in asset renewal this year to counteract $15 million in depreciation as part of our 10 year asset management strategy. This will ensure that local assets like community buildings are maintained and continue to meet the future needs of Yarra’s community.
Developing a budget that balances competing community needs is complex. While some Council services apply only to some members of the community, we feel that we have struck a good balance and offer a budget that includes benefits to all our residents. By working together we are able to achieve some really positive results for the community, ensuring that you, as a resident, benefit from your rate investment.
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Further information
Manager, Finance
Telephone 9205 5236
Email info@yarracity.vic.gov.au
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