|POLICY TITLE||FINANCIAL INVESTMENTS POLICY|
|DATE ADOPTED||MAY 2009|
|LAST REVIEW||APRIL 2020|
|NEXT REVIEW||APRIL 2024|
This policy sets out Council’s guidelines for the investment of surplus funds.
This policy applies to employees authorised to deal with Council investments.
Council will manage its financial investments in a manner that allows it to meet daily cash flow requirements and maximize its return on investments within an acceptable level of risk. An acceptable level of risk means surplus funds will only be invested in Approved Deposit-taking Institutions (ADIs) approved by the Australian Prudential Regulation Authority (APRA) with a credit rating of at least A- (long term) or BBB for investments less than 90 days as assessed by Standard and Poor’s Financial Services.
- POL/CORP206 Delegation of Financial Authority Policy
- PRO/CORP227P Financial Investments Procedure
- Local Government Act 2020 – Section 103
Signed: John McLinden
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