Lane Cove Council
Services
and Resources Committee
AGENDA
DATE OF MEETING: 17 September 2007
LOCATION: Council Chambers
TIME: 8:00PM
Meetings held in the Council Chambers are recorded on tape
for the purposes of verifying the accuracy of minutes and the tapes are not
disclosed to any third party under section 12(6) of the Local Government Act,
except as allowed under section 18(1) or section 19(1) of the PPIP Act, or
where Council is compelled to do so by court order, warrant or subpoena or by
any other legislation.
Lane Cove Council business papers and minutes
are available on Council’s website www.lanecove.nsw.gov.au.
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SERVICES AND
RESOURCES COMMITTEE
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17
SEPTEMBER 2007
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ITEM REPORT
CONTENT PAGE
DECLARATIONS
OF INTEREST
APOLOGIES
Corporate Services Division Reports
1. Corporate Services Division Report No. 46
SUBJECT: Statement of Investment as at 31 August 2007.
ITEMS
TABLED
***** END OF AGENDA *****
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SERVICES
AND RESOURCES COMMITTEE
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17
SEPTEMBER 2007
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Services and Resources Committee at the Meeting 17 September 2007
11 September 2007 to Services and Resources Committee
Corporate Services Division Report No. 46
Subject: Statement of
Investment as at 31 August 2007.
Record No: SU777 - 26249/07
Author(s): KG
Bascaran
Executive Summary
The report outlines the Council’s investment performance for the month
and it is recommended that the report be received and noted.
Discussion
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DATE
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INSTITUTION
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PRINCIPAL
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DATE OF
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TERM
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RATE
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INVESTED
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MATURITY
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DAYS
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10/07/2007
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BANK WEST
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2,000,000.00
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10/10/2007
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92
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6.54%
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07/05/2007
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BANK WEST
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2,000,000.00
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05/11/2007
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182
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6.55%
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12/06/2007
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BANK WEST
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1,000,000.00
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10/09/2007
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90
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6.55%
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30/08/2007
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BANK WEST
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1,000,000.00
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02/10/2007
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33
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6.92%
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07/08/2007
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CITIBANK LTD
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1,000,000.00
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05/11/2007
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90
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6.65%
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28/08/2007
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CITIBANK LTD
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1,000,000.00
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27/09/2007
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30
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6.83%
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18/06/2007
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CITIBANK LTD
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1,000,000.00
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16/10/2007
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120
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6.53%
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06/06/2007
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CITIBANK LTD
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1,000,000.00
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06/09/2007
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92
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6.43%
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10/07/2007
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CITIBANK LTD
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1,000,000.00
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08/10/2007
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90
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6.48%
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19/06/2007
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IMB SOCIETY
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1,000,000.00
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19/09/2007
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92
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6.52%
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27/07/2007
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IMB SOCIETY
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1,000,000.00
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25/10/2007
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90
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6.64%
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12/06/2007
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IMB SOCIETY
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2,000,000.00
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09/11/2007
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150
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6.68%
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23/07/2007
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IMB SOCIETY
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1,000,000.00
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24/10/2007
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93
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6.54%
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12/07/2007
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IMB SOCIETY
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1,000,000.00
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12/10/2007
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92
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6.55%
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23/05/2006
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LGFS Ltd
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1,000,000.00
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24/10/2007
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154
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6.50%
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12/06/2007
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LGFS Ltd
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1,000,000.00
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12/09/2007
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92
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6.54%
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20/06/2007
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LGFS Ltd
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1,000,000.00
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18/10/2007
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120
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6.52%
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12/06/2007
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ST. GEORGE BANK
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1,500,000.00
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10/10/2007
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120
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6.45%
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22/08/2007
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ST.GEORGE BANK
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1,000,000.00
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21/09/2007
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30
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6.88%
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13/06/2007
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ST.GEORGE BANK
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1,000,000.00
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11/09/2007
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90
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6.43%
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11 AM A/C
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ST.GEORGE BANK
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2,300,000.00
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Open
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Variable
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6.40%
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25,800,000.00
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The following Investment was made during the month of
August 2007. This Investment was made in accordance with S.625 of the Local
Government Act, 1993 and the Local Government (Financial Management)
Regulation, 1993.
NET
INVESTMENT $ 1,600,000
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RECOMMENDATION
That the report “Statement of Investments as at 31
August 2007” be received and noted.
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Craig Wrightson
Executive Manager
Corporate Services Division
ATTACHMENTS:
There are no supporting documents for this report.
SRC170907CSD_46.doc
***** End of Corporate Services Division Report
No. 46 *****
***** END OF AGENDA *****
