The citys investments and cash flow
Investments
Within this policy, the municipality must:
- conduct its cash management and investments; and
- invest money not immediately required.
Fast fact
Surplus cash refers to money that is not immediately required for expenditure; this surplus could include income from rates and services, rents, fines, grants, subsidies, levies, and interest earned on investments.
Investments are placed with credit-worthy institutions with an investment grade rating of A or better from national or internationally recognised credit rating agencies.
The Treasury Department reports regularly to the Executive Mayor, the Finance Portfolio Committee, the Auditor General, and National Treasury in order to assess the performance of the investment portfolio and to ensure that the investments comply with policy objectives, guidelines, applicable laws and regulations.
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