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. 


SERVICES AND RESOURCES COMMITTEE

 

17 SEPTEMBER 2007

 

 

 

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 *****

 

             


SERVICES AND RESOURCES COMMITTEE

 

17 SEPTEMBER 2007

 

 

 

 

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

 

DATE

INSTITUTION

PRINCIPAL

DATE OF

TERM

RATE

INVESTED

 

 

MATURITY

DAYS

 

10/07/2007

BANK WEST

2,000,000.00

10/10/2007

92

6.54%

07/05/2007

BANK WEST

2,000,000.00

05/11/2007

182

6.55%

12/06/2007

BANK WEST

1,000,000.00

10/09/2007

90

6.55%

30/08/2007

BANK WEST

1,000,000.00

02/10/2007

33

6.92%

07/08/2007

CITIBANK LTD

1,000,000.00

05/11/2007

90

6.65%

28/08/2007

CITIBANK LTD

1,000,000.00

27/09/2007

30

6.83%

18/06/2007

CITIBANK LTD

1,000,000.00

16/10/2007

120

6.53%

06/06/2007

CITIBANK LTD

1,000,000.00

06/09/2007

92

6.43%

10/07/2007

CITIBANK LTD

1,000,000.00

08/10/2007

90

6.48%

19/06/2007

IMB SOCIETY

1,000,000.00

19/09/2007

92

6.52%

27/07/2007

IMB SOCIETY

1,000,000.00

25/10/2007

90

6.64%

12/06/2007

IMB SOCIETY

2,000,000.00

09/11/2007

150

6.68%

23/07/2007

IMB SOCIETY

1,000,000.00

24/10/2007

93

6.54%

12/07/2007

IMB SOCIETY

1,000,000.00

12/10/2007

92

6.55%

23/05/2006

LGFS Ltd

1,000,000.00

24/10/2007

154

6.50%

12/06/2007

LGFS Ltd

1,000,000.00

12/09/2007

92

6.54%

20/06/2007

LGFS Ltd

1,000,000.00

18/10/2007

120

6.52%

12/06/2007

ST. GEORGE BANK

1,500,000.00

10/10/2007

120

6.45%

22/08/2007

ST.GEORGE BANK

1,000,000.00

21/09/2007

30

6.88%

13/06/2007

ST.GEORGE BANK

1,000,000.00

11/09/2007

90

6.43%

11 AM A/C

ST.GEORGE BANK

2,300,000.00

 Open

Variable

6.40%

 

 

25,800,000.00

 

 

 

 

 

 

 

 

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

 

 

 

 

RECOMMENDATION

 

That the report “Statement of Investments as at 31 August 2007” be received and noted.

 

 

 

 

 

 

 

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 *****