6.1.2 Format and content of a Long-term Financial Plan
The key contents of the LTFP (on a 10-year time horizon) are summarised in Table 6.1 (Local Government Association of South Australia 2015 in LGASA 2015).
|Summary statement including financial transactions|
Operating surplus/deficit (revenues less expenses)
Net outlays (receipts less expenses) on existing, new and upgraded assets
Equals net lending/borrowing for financial year
|Financing transactions||Borrowings and repayments on borrowings|
|Key financial indicators||FSI (KPIs) outlined previously, measures used for monitoring and assessment of financial performance over the lifespan of LTFP|
|Estimated balance sheet||Assets less liabilities|
|Estimated income statement||Income less expenses|
|Estimated statement of changes in equity||Accumulated surplus, asset revaluation reserve, other reserves|
Source: LGASA (2015).