Meeting papers

SPECIAL MEETING                                                                        30 JUNE 2025


12.      Non-Current Asset Accounting Policy

The Non-Current Asset Accounting Policy provides a framework and guidance to regulate the
identification, recognition and measurement of non-current assets to ensure compliance with the
Local Government Act 2009, Local Government Regulation 2012 and applicable Australian
Accounting Standards. The policy remains current with only minor grammatical and formatting
changes being made.


13.      Asset Management Policy
The Asset Management Policy provides a structured and sustainable framework for asset
management. The policy aims to ensure that all Council owned assets are effectively managed to
maximize their service delivery potential, ensure sustainability, and meet the community’s needs.
A detailed review was undertaken in 2024 in line with internal audit review outcomes to better
articulate the organisation's asset management framework, objectives and guiding principles. The
policy remains current with only minor grammatical and formatting changes being made.

Link to Corporate Plan

Theme No. 5 - Excellence
This theme focuses on customer experience, financial sustainability, innovation and technology,
levels of service, governance, our employees and volunteers, funding streams and asset
management practices.

Objective 5.2 - Continue to deliver a financially sustainable Council that has the resources now and
into the future to achieve its strategic objectives. This will be supported through the introduction of
enhanced sustainability reporting and performance indicators, as well as ESG (environment, social
and governance) accounting practices as guided by statutory requirements.


Previous Council Consideration
Special Meeting Minutes, 28 June 2024, Item 2.1
That Council note the report by the Director Corporate Services to the Special Meeting dated 28
June 2024 and;
A. Adopt the Financial Sustainability Policy, which is provided as Attachment1 to the report.
B. Pursuant to section 191 of the Local Government Regulation 2012, adopt for the 2024/25 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 2024/25 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.
F. Adopt the Entertainment and Hospitality Expenditure Policy, which is provided as Attachment 6
   to the report.
G. Adopt the Non-Current Asset Accounting Policy, which is provided as Attachment 7 to the report.
H. Adopt the Asset Management Policy, which is provided as Attachment8 to the report.
I.   Adopt the Procurement Policy, which is provided as Attachment 9 to this report.




                                                                                                 Page 7 of 392