Ph: 08 8223 1550 | Fax: 08 8223 6085

Council Information

A guide to the responsible use of debt

October 24th, 2018|Council Information, News|

Click LGFA USE OF DEBT PAPER to Print

Introduction

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 […]

Use of debt: common questions and answers

October 24th, 2018|Council Information, News|

Click LGFA Q & A to Print

Q    Why does a council need debt?

A
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 […]

LGFA History – Who is LGFA?

September 28th, 2018|Council Information|

Click LGFA HISTORY to Print

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 […]