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Council Information

A guide to the responsible use of debt

October 24th, 2018|Council Information, News|


Councils that found themselves with the requirement for significant levels of debt in the 1980s and early 1990’s when interest rates were at historic highs, felt under pressure to minimise borrowings.  The legacy of those times has been a factor in councils being averse to borrowing, even when interest rates are at historic lows. Yet […]

Use of debt: common questions and answers

October 24th, 2018|Council Information, News|

Q    Why does a council need debt?

Using debt, is an effective way to provide services and infrastructure without the need for dramatic rises in council rates and to effectively spread the repayment of the cost of the assets  over  the ratepayers who will benefit from the assets.


Q    How long will it take to pay off […]

LGFA Products

September 28th, 2018|Council Information|

The LGFA has a number of standard borrowing products that are used by South Australian councils and prescribed local government bodies. All borrowings to councils by LGFA are secured by a debenture charge over the council’s general revenue and in the case of regional subsidiaries the loan is secured by a lending agreement between the […]

LGFA History – Who is LGFA?

September 28th, 2018|Council Information|

LGFA History

Back in 1981-82 the concept for a specialist financial body to service South Australian councils and prescribed local government bodies evolved primarily from the difficulties many councils experienced in accessing loan funds from traditional financial institutions.

Would the pooling of council’s cash assets (investing) and debenture loan (borrowing) requirements generate a more competitive result for […]