Golden Plains Shire Council adopted its 2025/26 Revised Budget (the Revised Budget) at the Council Meeting on Tuesday 28 October 2025.
The Revised Budget was prepared to reflect important changes that occurred since the 2025/26 Budget was first adopted in May 2025. The Revised 2025/26 Budget addressed three key areas:
- New asset valuations: The value of our roads, bridges, land and buildings have been revalued. This has led to a significant increase in annual depreciation costs.
- Budget roll-forwards: We’ve carried forward funds for multi-year or grant-funded projects that are still underway. This ensures these important projects are completed as planned.
- Overdraft facility: A new $2 million overdraft facility has been established to help manage short-term cash flow and ensure smooth operations throughout the year.
Golden Plains Shire Mayor Cr Owen Sharkey said these revisions were critical to ensuring delivery of all operational and capital projects for the 2025/26 financial year.
“The 2025/26 Revised Budget includes the impacts of asset revaluations, budget roll-forwards and the establishment of an overdraft facility. These changes were necessary to ensure Council continues to deliver essential services and capital works for our community,” Cr Sharkey said.
When variations to an approved Annual Budget are identified, a revised budget is required under section 95 of the Local Government Act 2020 and Council must adopt a revised budget as soon as practicable after it has been developed.
A draft of the 2025/26 Revised Budget was on public exhibition for two weeks from 24 September to 7 October 2025. A copy of the document is available at goldenplains.vic.gov.au/budget.
For further information, contact Council’s Finance team at [email protected] or call 5220 7111.