Long-term Financial Forecast

A Long-term financial forecast is a document that forecasts an organisation's financial position over an extended period of time.

Queensland

In Queensland Division 6 of the Local Government (Finance, Plans and Reporting) Regulation 2010 states that:

• A local government must, at least annually, prepare a long-term financial forecast.
• The long-term financial forecast must—
  • contain a forecast of the following for each year during the period of the forecast—
    • income;
    • expenditure;
    • the value of assets, liabilities and equity; and
  • include the following documents covering each year of the period of the forecast—
    • a statement of financial position;
    • a statement of cash flow;
    • a statement of income and expenditure;
    • a statement of changes in equity.
• The long-term financial forecast must also state the relevant measures of financial sustainability for the period of the forecast.
• The long-term financial forecast must cover a period of at least 10 years and be reviewed annually.
• The local government must consider the long-term financial forecast before planning new borrowings.

Related Pages

• Financial Forecast

Contributors

The following site members have contributed to this page:

• Wayne Eddy

External Links & References

1. Local Government (Finance, Plans and Reporting) Regulation 2010
2. Google Search