2014-06-26 Budget Meeting Attachment I

STRATEGIC POLICY - 2014/2015 DEBT POLICY


ROLES AND RESPONSIBILITIES
Pursuant to section 192 of the Local Government Regulation 2012 detail of the proposed
borrowing for the current year and the future 9 years will be prepared annually as part of the
budget process.

Applications outlining proposed borrowings will be forwarded to the Minister for Local Government
for approval.

Credit Reviews will be undertaken periodically by the QTC on behalf of the Minister for Local
Government.

Loan proceeds will be drawn down subject to cash flow requirements annually so as to minimise
interest expenses.

All lease proposals will be referred to Financial Services for evaluation against the QTC Asset
Financing Model to assess alternatives for asset acquisition and to ensure statutory compliance.


RELEVANT LEGISLATION
Local Government Act 2009
Local Government Regulation 2012
Statutory Bodies Financial Arrangements Act 1982
Statutory Bodies Financial Arrangements Regulation 2007




Version control:
 Version       Reason/ Trigger             Change (Y/N)   Endorsed/ Reviewed by   Date

 1.1           Annual Review                              Wayne Jensen            02/06/2014

 1.0           Create new                                 Wayne Jensen            23/12/2013




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