Post by IPWEA NSW & ACT

💡 Long-term financial planning in local government The New South Wales Auditor-General’s Report – Performance Audit was released on 18th June 2026. Some key insights into good practice when effectively developing a Long-Term Financial Plan include: - integration of the LTFP and other key IP&R documents - ensuring that the data used to inform the LTFP, including asset data, is reliable - designing and testing a variety of scenarios that may have a material impact on financial performance - using the LTFP and the Delivery Program as part of annual budget planning - determining the level of financial risk that a council is willing to accept and ensuring that mitigations are designed so that the residual risk is within the target -  documenting key decisions relevant to development of the LTFP. The full report can be read here – https://lnkd.in/g4Rbe4cy Following the discussions brought to light from the Auditor-General’s Report, IPWEA NSW and ACT will be hosting the first 2026 Local Government Finance and Asset Management Forum. This collaborative forum, delivered in partnership with LG Professionals, NSW, will provide a unique opportunity for practitioners and decision-makers to examine key challenges, share perspectives, and develop practical solutions that support sustainable service delivery and informed investment decisions. Through presentations, panel discussions, and a facilitated workshop, participants will contribute to the development of a joint communiqué outlining key recommendations and actions for the sector. 📆 1st October 2026 🕒 9.30am – 5.30pm 📖 Fush & Smith, Crowne Plaza Sydney Airport Find out more here - https://lnkd.in/g7Msy6nh #AssetManagement #Finance #LongTermFinancialPlanning #Community #Budgets #LocalGovernment #PublicWorks