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09-13 Proposed Borrowing Return 2009/2010

Date: Friday 3rd April 2009
Category: Council Circular

The Department is required to include the aggregate borrowings of councils in its annual Council Loan Reporting Returns to NSW Treasury. Council is therefore required to complete and return the Proposed Borrowing Return forwarded under separate email.

New money borrowings are broadly defined to include the whole range of financing arrangements available to local councils. These include conventional loans, deferred payment arrangements, finance leases and any other forms of raising new capital funds.

A council’s proposed borrowing amount must be contained in its 2009/2010 Management Plan. Read more...

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