Draft Restricted Funds Policy

The draft Restricted Funds Policy is a new policy. The aim of this policy is to establish policy objectives for the reserves Council holds which restrict cash for specific purposes and comply with legislative obligations.

All funds associated with Water, Sewer and Waste Funds will be isolated within reserves specifically identified for those purposes.

The policy complies with the following:

• S625 and S408 to S410 Local Government Act 1993
• S8B Local Government Act 1993 – the principles of sound financial management
• Local Government (General) Regulation 2005
• Local Government Code of Accounting Practice and Financial Reporting
• Australian Accounting Standards
• Crown Land Management Act 2016 No58
• Rating and Revenue Raising Manual, Department of Local Government (2007)
• Environment Planning & Assessment Act, 1979 (EP&A Act)
• Water Management Act 2000

Submissions may be made until close of business Thursday 9 May 2024.

• By completing the survey below
• By email to council@qprc.nsw.gov.au referencing "Draft Restricted Funds Policy 2024" in the subject line
• By mail to PO Box 90, Queanbeyan NSW 2620
• By delivery to any of Council's customer service centres