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.

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External Links & References

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