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2021-06-30 Special Meeting Agenda
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SPECIAL MEETING AGENDA 30 JUNE 2021
2 ADOPTION OF 2021-22 BUDGET POLICIES
Author Director Corporate Services, Michael Shave
Corporate Services Department
Index ECM/ Subject/ 2021 - 2022 Budget
Attachments 1. Financial Sustainability Policy
2. Investment of Surplus Funds Policy
3. Debt Policy
4. Management of Restricted Cash Policy
5. General Rate Donations Policy
EXECUTIVE SUMMARY
The Local Government Act 2009 requires Council to adopt a number of policies related to the annual
budget to ensure the effective and efficient financial governance of the organisation. The Financial
Sustainability Policy is a discretionary policy adopted by Council which is also included in the budget
policy suite. The Debt Policy must be adopted annually; and the Investment of Surplus Funds Policy
should be reviewed periodically to ensure it continues to meet Council’s strategic and operational
objectives.
RECOMMENDATION
That Council note the report by the Director Corporate Services to the Special Meeting dated 30
June 2021 and:
A. Adopt the Financial Sustainability Policy, which is provided as Attachment 1 to the report.
B. Pursuant to section 191 of the Local Government Regulation 2012, adopt for the 2021/22
financial year the Investment of Surplus Funds Policy, which is provided as Attachment 2 to
the report.
C. Pursuant to section 192 of the Local Government Regulation 2012, adopt for the 2021/22
financial year the Debt Policy, which is provided as Attachment 3 to the report.
D. Adopt the Management of Restricted Cash Policy, which is provided as Attachment 4 to the
report.
E. Adopt the General Rate Donations Policy, which is provided as Attachment 5 to the report.
REPORT
The Local Government Regulation 2012 Sections 191 and 192 require Council to prepare an
Investment Policy and Debt Policy. The Debt Policy is required to be adopted each financial year
with the Investment of Surplus Funds Policy to be reviewed on an annual basis.
The Financial Sustainability Policy is not required under legislation although is now embedded as an
essential Noosa policy to reinforce Council’s commitment to the prudent financial management of
Council’s resources on behalf of our community.
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