Financial Sustainability

Financial Sustainability is where an organisation's financial performance and position is sustainable over the long term and in the case of Councils, where planned long-term service and infrastructure levels and standards are met without unplanned increases in rates or disruptive cuts to services."

Victorian Auditor General

The Victorian Auditor General defines financial sustainability as "An entity's ability to manage financial resources so it can meet its current and future spending commitments, while maintaining assets in the condition required to provide services." 3

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External Links & References

  1. Google Search
  2. LGA ‘Financial Sustainability’ Information Paper No 1 – Financial Sustainability
  3. Local Government: 2015-16 Audit Snapshot (Victoria)
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