When you look at a long-term financial strategy, you need to think about the significant assumptions that are forecasted. A long-term financial strategy is like a plan that helps you make decisions about money. You should know that section 122M is about these assumptions, but it is no longer part of the law because it was repealed on 1 July 2003 by section 266 of the Local Government Act 2002. This means that section 122M is not used anymore. The Local Government Act 2002 is a law that changed some things about how local governments work.