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Latrobe City Council highlights strong financial performance and community-focused progress in its 2024/2025 Annual Report presentation

Latrobe City Council’s 2024/2025 Annual Report shows strong financial sustainability, strategic progress and disciplined planning, highlighting new health-focused development and continued delivery of essential services and infrastructure.

By news@gippsland - 14th November 2024 - Back to News

Latrobe City Council has tabled its Annual Report for 2024/2025, demonstrating strong financial management, steady progress across strategic priorities, and continued commitment to delivering services and infrastructure for the community. The Annual Report provides a transparent overview of Council operations for the Latrobe City community and stakeholders.

The Annual Report, available at all Latrobe City Service Centres, details council’s yearly performance, service highlights, and certified financial statements

The Annual Report, available at all Latrobe City Service Centres, details council’s yearly performance, service highlights, and certified financial statements

Community progress highlight

Latrobe City Council Chief Executive Officer, Steven Piasente, said Council is proud to continually provide a vast range of community initiatives across many services. "It is with great pride that I present the Annual Report for 2024/2025, reflecting on the progress Latrobe City Council has made along with celebrating the partnerships, planning and shared vision that underpin everything we do in service of our community."

"A key milestone this year has been the development of the new Council Plan which integrates the Municipal Public Health and Wellbeing Plan. This Plan is central to shaping how we prioritise investment, services and support for the Latrobe City community," said Mr Piasente.

Council financial sustainability

The Annual Report also includes our independently audited financial statements that clearly identifies that Council remains financially sustainable, with a strong balance sheet and a modest level of borrowings. "Sustainability remains at the core of Council's decision making. Local governments continue to face significant challenges: the rising cost of living, increasing demand for services, inflationary pressures on capital projects and the constraints of rate capping," said Mr Piasente.

"Despite these pressures, Latrobe City Council has remained disciplined and forward-looking in its financial management. Careful planning, prioritisation and efficiency measures have allowed us to deliver services and infrastructure that meet community needs without compromising our long-term financial health," said Mr Piasente.

The Annual Report also provides transparency around Council's performance under the Local Government Performance Reporting Framework, ensuring the community can clearly see how resources are being used to deliver outcomes. The Annual Report can be viewed via Latrobe City Council website.

Pictures from Latrobe City Council Facebook page.


Source: www.gippsland.com

Published by: news@gippsland.com



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