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Draft Restricted Reserves Policy

Update

At the Council meeting on 27 October 2025, Council resolved:

1. THAT Council endorse the Draft Restricted Funds Policy, to be placed on public exhibition for a period of 28 days, calling for submissions.

2. THAT a further report be provided to Council following the conclusion of the public exhibition period, for the purpose of considering any submissions received, and to adopt the amended Restricted Funds Policy.

Minutes from the meeting are available on the Council's website, and a recording is also available on North Sydney Council's YouTube page.

The endorsed Restricted Reserves Policy is available in Council's Policies, Plans and Strategies directory on Council's website.

Project Overview

Feedback closed27 November 2025

The Draft Restricted Reserves Policy establishes a robust framework to strengthen Council's financial decision-making transparency, and control in the management of restricted reserves. It has been developed in response to internal audit recommendations focused on ensuring legal compliance, oversight and management of externally restricted reserves.

The policy will apply to all Council-managed cash and investments, ensuring that both restricted and unrestricted funds are managed in accordance with legislative, contractual, and strategic requirements.

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