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Preparing a Long Term Financial Plan
Publisher: Asset Management BC
Author: Murray, Paul
Subject(s):
Collection(s):
Posting Date: March 16, 2020
Year Published: 2020
Abstract:
To be financially sustainable local governments need to be strategic thinkers and planners. Long-term financial planning is the process of aligning financial capacity with the community vision and long-term service objectives. This is achieved through development of a set of financial strategies and an effective linkage to the community vision (OCP) through a series of plans. These include the Corporate Strategic Plan, Organizational Capacity Assessment, Asset Management Plan and Twenty Five Year Capital Plan. Supplemental plans such as Water Master Plan, Sewer Master Plan, Integrated Stormwater Management Plan, Pavement Management Plan and Facilities (FLAMP) Plan also inform the process.
Local Government(s):
Full Text Word Count: 4228