sec.193BRequirements for council about discretionary funds

sec.193B Requirements for council about discretionary funds

The council may, for a financial year, budget an amount of discretionary funds for use by councillors for either or both of the following purposes— capital works of the council that are for a community purpose; other community purposes. However, the amount the council budgets as discretionary funds for a financial year under subsection (1) (b) must not be more than the prescribed amount for the financial year. The amount of discretionary funds the council budgets for allocation by each councillor in a financial year must be the same for all councillors. The council must, within 20 business days after adopting its budget for a financial year, make publicly available a notice (the availability notice ) stating— the total amount budgeted for the financial year as the council’s discretionary funds; and the prescribed amount for the council for the financial year; and the total amount of discretionary funds budgeted for the financial year for councillors to allocate for each of the following purposes— capital works of the council that are for a community purpose; other community purposes; and the amount of discretionary funds budgeted for use by each councillor for the financial year for each of the following purposes— capital works of the council that are for a community purpose; other community purposes; and how community organisations may apply for allocation of the funds. In this section— prescribed amount , for a financial year, means 0.1% of the council’s revenue from general rates for the previous financial year. s 193B ins 2019 SL No. 229 s 7 (sec.193B-ssec.1) The council may, for a financial year, budget an amount of discretionary funds for use by councillors for either or both of the following purposes— capital works of the council that are for a community purpose; other community purposes. (sec.193B-ssec.2) However, the amount the council budgets as discretionary funds for a financial year under subsection (1) (b) must not be more than the prescribed amount for the financial year. (sec.193B-ssec.3) The amount of discretionary funds the council budgets for allocation by each councillor in a financial year must be the same for all councillors. (sec.193B-ssec.4) The council must, within 20 business days after adopting its budget for a financial year, make publicly available a notice (the availability notice ) stating— the total amount budgeted for the financial year as the council’s discretionary funds; and the prescribed amount for the council for the financial year; and the total amount of discretionary funds budgeted for the financial year for councillors to allocate for each of the following purposes— capital works of the council that are for a community purpose; other community purposes; and the amount of discretionary funds budgeted for use by each councillor for the financial year for each of the following purposes— capital works of the council that are for a community purpose; other community purposes; and how community organisations may apply for allocation of the funds. (sec.193B-ssec.5) In this section— prescribed amount , for a financial year, means 0.1% of the council’s revenue from general rates for the previous financial year.