Financial Sustainability Review
Tender Overview
About this tender
Overview Byron Shire Council requires a comprehensive Financial Sustainability Review to support its consideration of long-term financial sustainability initiatives and any future Special Rate Variation (SRV) application. Purpose The review is intended to address Council Resolution 26-108 (Comprehensive Review of Council Business) and Council Resolution 26-110 (Exploration of Alternative Options to Support Long-Term Financial Sustainability). It will provide an evidence-based framework to inform Council decision-making, community engagement, and any future SRV application to IPART. Scope The scope includes: Examining expenditure on non-statutory services and benchmarking this expenditure against comparable councils where possible Identifying and evaluating alternative revenue opportunities, commercial opportunities, asset utilisation options, cost containment measures, and productivity improvements Assessing the financial impact, benefits, risks, and implementation considerations of the identified options Developing financial scenarios demonstrating how a combination of expenditure savings, efficiency gains, revenue initiatives, and, if required, a potential Special Rate Variation could improve Council's long-term financial sustainability Providing an evidence-based framework to inform Council decision-making, community engagement, and any future SRV application to IPART
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