Annual Budget

The 2024/2025 Moira Shire Budget was adopted by Council on 26 June 2024. 

The Annual Budget report details the financial position, capital works program and fees and charges schedule.

The Annual Budget has been prepared in accordance with the Local Government Act 2020 and the Local Government (Planning and Reporting) Regulations 2020.

The next financial year, will focus on advancing major projects, increasing expenditure on safety improvement for local roads, and maintaining general community services. Additional, cost-saving targets will be set for the next four years. 

Capital Works projects are supported with $41.8M allocated to the delivery of major projects such as stage 1 of the Yarrawonga Library Events and Performance Precinct, Stage 1 of the Numurkah Flood Levee and Stage 1 of the Yarrawonga Multisport Stadium.

This funding also includes $3.1M received via the Federal Black Spot program for enhancements to known trouble spots such as the Labuan Road / Murray Valley Highway intersection.

Read our 2024/2025 Budget here (PDF, 7MB)

Read the 2024/25 Budget Summary here(PDF, 5MB)

Council’s services are predominately funded through the collection of rates, which are capped in terms of how much they can be increased each year.

The 2024/25 rate cap increase of 2.75%, as set by the Victorian Government, will help fund Council’s operations during a time when the cost of goods and services (CPI) is increasing by approximately 3.6% as of March 2024.

Despite an increase in Capital Improved Valuations across the municipality, this does not lead to additional rates revenue for Council.

This is demonstrated by a 5.7% reduction in the rate in the dollar to be levied as general rates across the rating differentials in 2024/25. 

Individual rate outcomes will vary and are subject to movements in property values. Ratepayers will be notified of their individual outcome when the 2024/25 Rates Notices are released. 

How $100 of rates income is spent

The recovery effort we face as a Shire is not going to be done quickly. We will likely require not just one year, but perhaps two to four financial years to get through the backlog and deliver capital works, so we need to focus needs on renewing existing assets not creating new ones. 

This means the capital works program of $41.8 million will focus on investing in our existing assets with 72% per cent of the capital works program to be spent on upgrade and renewal projects, including: 

• Numurkah Flood Mitigation Scheme
• Flood Road Recovery Works
• Bourke’s and Bartrops Bridge Renewal
• Strathmerton Labuan Road Intersection
• Pedestrian Footpath and Shared Pathways

We will also continue to progress major capital projects, such as the Yarrawonga Library and Multisport Stadium.

You can follow the progress of many of our capital works projects at our Works and Projects section of our website.

Works and Projects

The below graphs illustrate how Moira Shire compared to other large rural Councils in 2022/23.

This analysis aims to highlight, compared to other large rural Councils, that Moira Shire has a relatively low population density and higher than average road density. This indicates that Council has less population to share the cost burden of maintaining its most significant infrastructure asset within the municipality. 

Differences in population density and geographic area can influence a Council’s ability to generate sufficient revenue to fund the operational and infrastructure needs and often leads to differences in rate notices between Councils.

Despite this funding challenge, Moira Shire’s rating efficiency is consistent with the average large rural Council, which may have a greater population density than Moira Shire. This is achieved by Council looking to alternative sources of income, such as Federal and State grant funding, to support the ongoing maintenance of Council’s infrastructure network.  

2023/24 Budget(PDF, 10MB)
2022/23 Budget(PDF, 7MB)
2021/22 Budget
2020/21 Budget(PDF, 2MB)
2019/20 Budget(PDF, 3MB)
2018/19 Budget(PDF, 2MB)
2017/18 Budget