Draft 2024/25 Business Plan and Budget

Project Information

The 2024/25 Business Plan and Budget is the key annual operational and financial planning document for the City of Adelaide. It describes the priorities, programs, services, and projects that we plan to deliver, our sources of revenue, long term financial sustainability, and how we propose to allocate our budget. 

It is the second Business Plan and Budget for this Council and the first to deliver on the Strategic Plan 2024-2028 and our new vision for the future: 

Our Adelaide. Bold. Aspirational. Innovative

The Strategic Plan 2024-2028 focuses on the delivery of five aspirations: Our Community: vibrant, connected and inclusive; Our Environment: resilient, protected and sustainable; Our Economy: growing, innovative and responsive; Our Places: interesting, purposeful and safe; and Our Corporation: High performing, customer centric and bold. 

This Business Plan and Budget focuses on investing in our Capital Works Program, committing 1.5% of our rates income to upgrading community Park Lands Buildings, implementing the Mainstreet Revitalisation Program, housing, stimulating growth in the city’s economy, focusing on core community services and leading Adelaide into a climate resilient future. 

This year marks a transition to a new Strategic Plan and the preparation of a City Plan, reshaping our Long-Term Financial Plan, Asset Management Plans and meeting community expectations with our services. 

Draft 2024/25 Budget Summary

To drive the delivery of our new Strategic Plan, Council will continue to focus on repairing our budget after historical financial pressures associated with frozen rates and the COVID-19 pandemic impacted our ability to renew assets, upgrade infrastructure and provide core community services. For 2024/25 Council is proposing to do this through:

• A focus on delivery of the new Strategic Plan with key projects and infrastructure upgrades
• Understanding what our community expects and delivering core council services
• Delivery of a financially sustainable budget with an equitable approach to income generation, in line with our Long Term Financial Plan
• Delivery of an operating position to meet the ongoing cost requirements of our Asset Management Plans, working towards a target of 100% asset renewals
• An increase to rate revenue comparable to the sector, while re-introducing a rate rebate to support pensioners in our community
• Prioritising our operational budget, grants and sponsorships and where there are opportunities to partner with other levels of Government to seek co-funding.

What happens next?

Your input is important to us. 

The City of Adelaide staff will collate all feedback into a report that will be presented to Council for consideration as part of finalising the 2024/25 Business Plan and Budget.