The purpose of this policy is to provide guidance on the effective and responsible utilisation of Council’s available cash funds that conforms to applicable Federal and State regulations, including Section 103 of the Local Government Act 2020 (the Act), and which meet Council’s requirements in ensuring sufficient liquidity to meet day-to-day operational commitments.
Particular emphasis is directed towards investment decisions that limit unnecessary exposure to risk and optimise return on investment whilst ensuring sufficient liquidity for Council’s ongoing operational commitments. Investment funds are determined, placed and monitored by Officers, having considered cash flow requirements, with the investment of available cash reported to Council via quarterly financial reports.
Adopted: 19 November 2008 Most recently revised: 26 July 2024