Business Development Funding Policy
Last modified: October 11, 2007 - 11:36 AM
Several of Councils activities are structured as Business Units or Business Activities.
Business Activities are set up in accordance with National Competition Policy guidelines and could be in competition with private sector organisations.
Business Units are established within the organisation structure and are run along business lines, generally aiming for full cost recovery. Business Units and Business Activities provide a stream of revenue outside of Councills normal rate revenue to sustain their own operations.
This policy applies to Business Development opportunities that generate a revenue stream sufficient to fund any capital expenditure on a commercial basis.
The objective of this policy is:
- To protect Councils cash reserves and ensure that sufficient cash remains available for Councils general operations.
- To ensure that sufficient cash is retained on hand to take advantage of opportunities that may arise from time to time.
- To ensure that the high level of funding required for long term projects which provide their own income stream to Council do not jeopardise Councils cash reserves and ability to perform ordinary operations.
- To provide a mechanism whereby capital works are paid for by those who obtain the benefit from them.
Contact details
Governance Officer
02 49 800 187 (ph)
02 49 831 194 (fax)
tony.wickham@portstephens.nsw.gov.au
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