Borrowing Policy

Objective:

To ensure that the use and management of Council borrowings (including overdraft facilities):

• Complies with the Ministerial Revised Borrowing Order dated 13 May 2009;
• Is undertaken with due regard for Council’s role as a custodian of public funds;
• Is undertaken with the care, diligence and skill that a prudent person would exercise in managing the affairs of other persons; and
• Complies with Council’s overall risk management philosophy.