(1) The (2) The (3) Accordingly, this policy is based on the management of the four controllable parameters above, using an "A" rating methodology. (4) The intent of this policy is to provide a framework to manage the (5) This policy applies to the (6) This policy should be read and understood by Council members, Finance Committee members, Chief Operating Officer, Chief Financial Officer, management staff of the (7) The (8) The Chief Financial Officer may, by written determination, determine procedures for the implementation of this policy. (9) If a breach of the "A" rating benchmark or our Capital Managemenet Plan metrics occurs the Chief Financial Officer will present to the Economic Capital Management Policy
Section 1 - Introduction
Section 2 - Intent
Section 3 - Scope
Section 4 - Audience
Section 5 - Policy
Policy Principle
Procedures
Section 6 - Roles and Responsibilities
Role
Responsibilities
The
Management – principally delivered by the Chief Financial Officer
- Prepare a Capital Management Plan designed to achieve and maintain an “A” rating.Section 7 - Breaches
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- Approve the Capital Management Plan.
- Monitor actual and forecast performance against the Capital Management Plan to maintain an "A" rating.
- Review consolidated business plans incorporating the initiatives proposed to maintain an "A" rating.
- Recommend changes to the Capital Management Plan for approval.
- Monitor and report actual and forecast performance against the Capital Management Plan to maintain an “A" rating.
- Assess and report on the ongoing effectiveness of management plans to achieve a financial position, financial performance, and cash flows of an "A" rating.