Treasury Policy
(Incorporates Liability Management and Investment Policy)
Table of Contents 1.0 Introduction and Objectives 1.1 Purpose of the Policy 1.2 Objectives 1.2.1 Statutory Objectives 1.2.2 General Objectives 2.0 Management Responsibilities 2.1 Delegations of Authorities 3.0 Liability Management Policy 3.1 External Debt Ratios and Limits 3.2 Borrowing Mechanisms 3.3 Security 3.4 Debt Repayment 3.5 Guarantees/contingent liablilties and other financial arrangements 3.6 NZ Local Government Funding Agency Limited Investment 4.0 Investment Policy and Limits 4.1 General Policy 4.2 Investment Mix 4.2.1 Acquisition of New Investments 4.2.2 Use of Sale Proceeds 4.2.3 Equity Investments and Loan Advances 4.2.4 Property Investments 4.2.5 Other Property Investments – Quarries 4.2.6 Forestry Investments 4.2.7 Financial Investments 4.2.8 NZ Local Government Funding Agency Limited
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5.0 Risk Recognition/Identification/Management 5.1 Interest Rate Risk 5.1.1 Risk Recognition 5.1.2 Approved Financial Instruments 5.1.3 Interest Rate Risk Control Limits 5.1.5 Disaster Recovery 5.2 Liquidity Risk/Funding Risk 5.2.1 Risk Recognition 5.3 Counterparty Credit Risk 5.4 Risk Management 5.6 Dealing Authorities and Limits 5.7 Legal Risk 5.8 Agreements 5.9 Financial Covenants and Other Obligations 6.0 Measuring Treasury Performance 6.1 Operational Performance 6.2 Management of Debt and Interest Rate Risk
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