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Consultation has concluded
The Investment Policy establishes the framework within which Council’s cash and investment portfolio will be managed, monitored and reported on. The policy has been established in compliance with section 625 of the Local Government Act 1993 and provides guidance for the investment of Council’s funds, with consideration given to the following primary objectives:
Preservation of capital. Preservation of capital is the principal objective of the investment portfolio. Investments are to be placed in a manner that seeks to safeguard Council’s cash and investments portfolio. This includes managing credit and interest rate risk within identified thresholds and parameters;
Maximise investment returns within Council’s risk appetite as outlined within this policy. Investments are expected to achieve a market average rate of return in line with Council’s risk tolerance;
Manage Council’s cash resources to ensure sufficient liquidity to meet Council’s business objectives over the short, medium and long term.
Council is now seeking feedback from the community on the revised draft Investment Policy. The policy will be on exhibition from Wednesday, 25 March to Tuesday, 21 April 2020 and is available to view in the Document Library to the right of this window (or below if viewing this page on a mobile device), or at Council’s offices in Port Macquarie, Wauchope and Laurieton.
To share your views about amendments to the policies, use the Submissiontab below.
Further details may be obtained by contacting Nicole Spencer, Group Manager Financial Services on (02) 6581 8111 or by email at council@pmhc.nsw.gov.au.
The Investment Policy establishes the framework within which Council’s cash and investment portfolio will be managed, monitored and reported on. The policy has been established in compliance with section 625 of the Local Government Act 1993 and provides guidance for the investment of Council’s funds, with consideration given to the following primary objectives:
Preservation of capital. Preservation of capital is the principal objective of the investment portfolio. Investments are to be placed in a manner that seeks to safeguard Council’s cash and investments portfolio. This includes managing credit and interest rate risk within identified thresholds and parameters;
Maximise investment returns within Council’s risk appetite as outlined within this policy. Investments are expected to achieve a market average rate of return in line with Council’s risk tolerance;
Manage Council’s cash resources to ensure sufficient liquidity to meet Council’s business objectives over the short, medium and long term.
Council is now seeking feedback from the community on the revised draft Investment Policy. The policy will be on exhibition from Wednesday, 25 March to Tuesday, 21 April 2020 and is available to view in the Document Library to the right of this window (or below if viewing this page on a mobile device), or at Council’s offices in Port Macquarie, Wauchope and Laurieton.
To share your views about amendments to the policies, use the Submissiontab below.
Further details may be obtained by contacting Nicole Spencer, Group Manager Financial Services on (02) 6581 8111 or by email at council@pmhc.nsw.gov.au.