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Finance

​We work with local government to help the sector secure its financial future.

Our work involves advocating for the sector's economic and financial needs and arguing for greater recognition of local government's role in a range of government funding programs.

We also work with our members to improve their financial autonomy.

As well as participating in the state government's budget planning process, we also research new and evolving financial issues.

2015-16 achievements

  • Partnered with the ALGA to secure restoration of indexation for Financial Assistance Grants from 2017, including more than 70 per cent of Victorian councils passing a formal resolution to support the campaign. The Federal Budget papers indicated indexation is due to be reintroduced in 2017, and federal election advocacy is underway by the MAV and ALGA to secure a commitment from all political parties ahead of the 2 July election.
  • Our advocacy on rate capping influenced the final design, with legislation including our request for flexibility for the Minister to set different caps, and that a cap can (not must) be set by the Minister. Other MAV positions supported in the cap model included the ability to grant a partial variation to the rate cap, rather than only accept or reject a variation request outright; and the ESC's preferred cap included a combination of CPI and the Wage Price Index to better reflect council cost movements. The Minister, however, chose to stick with her election promise and set a CPI-only cap
  • Engaged with party leaders ahead of the Federal election to seek commitments to eight local government priorities to benefit all communities through increased funding for local infrastructure, roads, freight, climate adaptation, kindergartens, aged care and core financial assistance grants.

Financial Assistance Grants and Rate Capping Taskforce

The MAV established a Financial Assistance Grants and Rate Capping Taskforce (FRCT) in response to the Federal Government's decisions on supporting financial grants and the State Government's policy on rate capping. See the FRCT campaign page for more details.

Guide for developing budget reports in local government

The Victorian city council model budget guide for the 2016-17 financial year has been released and is tailored for local government financial professionals.

It clarifies what information is mandatory or is considered best practice to include in budget reports. The guide also reflects rate capping legislation introduced by the Victorian Government, which will apply for the first time in the 2016-17 financial year.

The resources have been produced by Chartered Accountants Australia and New Zealand with sponsorship from the MAV.

The prepared documents include the full version in PDF and Microsoft Office templates without commentary:

Rates Capping Forum

This forum was held in November 2015. Presentations from the event are available below.

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