A council may raise funds in any one or more of the following ways:

(a) by imposing rates, fees and charges;

(b) by receiving interest and dividends on investments;

(c) by selling property and assets;

(d) by leasing or hiring out property;

(e) by obtaining grants and other allocations of money;

(f) by carrying out commercial activities;

(g) by receiving gifts and bequests;

(h) by recovering fees, charges, penalties or other money payable to the council;

(i) by any other means approved by the Treasurer.