2026/27 FINANCIAL POLICIES · Attachment 9 - Management of Restricted Cash Policy

 Attachment 9 – Management of Restricted Cash Policy

Director Corporate Services
The Director Corporate Services is Policy owner and responsible for oversight of the financial
management of Council’s liquidity.

Financial Services Manager
The Financial Services Manager has operational responsibility for the development of Council’s
annual budget and long-term financial forecast and for oversight of Council’s treasury function
including cash management.

RELEVANT LEGISLATION AND POLICIES
There are no specific legislative requirements around the adoption of a formal policy regarding the
restriction of cash, however, where unspent funds are derived from special rates and charges, specific
grants, or developer contributions, the funds can only be allocated for the original purpose.

Relevant Council Policies
Financial Sustainability Policy
Investment Policy.

HUMAN RIGHTS COMPATIBILITY STATEMENT
In developing this policy, the subject matter has been considered in accordance with the requirements
of the Queensland Human Rights Act 2019. It is considered that the subject matter does not conflict
with any human rights and supports a human rights approach to decision making by Council.

This policy should be read in conjunction with the Human Rights Act 2019 (QLD) and Council’s Human
Rights Policy.




                                                                                              Page 4