TTA Develops Cash Reserves Policy

Published Thu 26 Mar 2020

Following on from the recent statement that TTA is now debt free, TTA is pleased to announce the establishment of a Cash Reserves Policy.

This policy marks the next step in TTA's ongoing financial evolution and will see a Future Fund put in place with the following aims:

a) Assist in ensuring the short-term and long-term financial viability of TTA.
b) Provide a cash flow buffer in the event of unforeseen circumstances arising that would otherwise
negatively impact TTA’s ability to implement its Strategic Plan.
c) Promote self-sustainability and decrease reliance on government funding.
d) Promote stakeholder confidence in the organisation via a strengthened financial position.

Given the difficulties caused across all industries by COVID-19, the need to plan for the future is even more pertinent.

The Cash Reserves Policy has been approved by the Finance, Risk & Audit Committee and the TTA Board.

To view the policy, please click here or download from the link below.

Gallery

Files for download

TTA Cash Reserves Policy