The FAST program was announced in the 2016-17 Victorian Government budget and is delivered in three streams by Local Government Victoria (LGV), part of the Department of Environment, Land, Water and Planning (DELWP).
Subject to any confidential aspects, participating councils are expected to share insights from their Stream One and/or Stream Two projects, including any improved practices. LGV facilitates this sharing with the broader sector and a mid-program report is available below, including project summaries and insights to date.
Stream One provides specialist accounting and finance advice and support to rural councils on a project-by-project basis. The core emphasis of Stream One projects is the internal capability development of the participating councils.
This advisory and support facility is provided by members of the FAST Panel, an expert panel of consultants. The grant program is not competitive, but responds to identified needs.
Before submitting an application, please review the guideline document (below) and contact the FAST Program team to discuss your needs (contact details below).
Examples of projects already funded under Stream One:
- Long term financial planning
- Service delivery review processes
- Asset management assistance
- Modernising Chart of Accounts
- Decentralised procurement framework
Stream Two of the FAST program provides grants that allow rural and regional councils to explore opportunities for shared services and collaborative procurement that are more financially sustainable or improve services.
Funding is awarded through a competitive process. This stream doesn’t fund implementation of proposals; the grants are to develop a business case or feasibility study.
Joint proposals from groups of rural and regional councils that meet the funding criteria will be funded up to $75,000 to develop the business case or feasibility study. The group is to match 50 per cent of the total project budget by in-kind services or financial contribution. Projects are expected to be completed within a 12 month period.
Before submitting an application, please review the assessment criteria (below) and contact the FAST Program team to discuss your project idea (contact details below).
Round 7 Applications
Applications for Round 7 grants are now open. The round will close 31 May 2019 (5pm)
Based on the learnings from Streams One and Two, and analysis and research by Local Government Victoria, Stream Three develops and revises policy in local government finance for the whole sector. The products of this stream includes the Model Accounts and Model Budget, better practice guidance documents and other practice notes.
The better practice guidance documents are available at Sector guidance: planning and reporting.
For further information regarding the FAST program or to discuss a possible application please contact:
Senior Project Officer - Innovation and Collaboration
Local Government Victoria
03 9948 8582
Finance and Business Analyst
Local Government Victoria
03 9948 8531