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.
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," said Mr Piasente.
"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."
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 government continues 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.
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 on Council's website: www.latrobe.vic.gov.au/Council/Media_and_Publications/Major_Council_Publications
