Lane Cove Council
Services
and Resources Committee
AGENDA
DATE OF MEETING: 15 October 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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15
OCTOBER 2007
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ITEM REPORT
CONTENT PAGE
DECLARATIONS
OF INTEREST
APOLOGIES
CONFIRMATION OF
MINUTES
1. SERVICES AND RESOURCES
COMMITTEE MEETING - 2 OCTOBER 2007
Corporate Services Division Reports
2. Corporate Services Division Report No. 49
SUBJECT: Statement of Investments as at 30 September
2007
3. Corporate Services Division Report No. 50
SUBJECT: Legal Expenses for September 2007
ITEMS
TABLED
***** END OF AGENDA *****
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SERVICES AND RESOURCES COMMITTEE
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CORPORATE SERVICES DIVISION REPORT NO. 49
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15 OCTOBER 2007
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Services and Resources Committee at the Meeting 15 October 2007
10 October 2007 to Services and Resources Committee
Corporate Services Division Report No. 49
Subject: Statement of
Investments as at 30 September 2007
Record No: SU777 - 30104/07
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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10/09/2007
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BANK WEST
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1,000,000.00
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10/10/2007
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30
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7.09%
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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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03/09/2007
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BANK WEST
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1,000,000.00
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03/10/2007
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30
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6.97%
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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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27/09/2007
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CITIBANK LTD
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1,000,000.00
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25/01/2008
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120
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7.01%
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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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06/09/2007
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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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32
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6.93%
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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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03/09/2007
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CITIBANK LTD
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1,000,000.00
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03/10/2007
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30
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6.95%
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19/09/2007
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IMB SOCIETY
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1,000,000.00
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22/10/2007
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33
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6.90%
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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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12/09/2007
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LGFS Ltd
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1,000,000.00
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12/10/2007
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30
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7.12%
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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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21/09/2007
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ST.GEORGE BANK
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1,000,000.00
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20/12/2007
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90
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6.81%
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11/09/2007
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ST.GEORGE BANK
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1,000,000.00
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11/10/2007
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30
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6.90%
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11 AM A/C
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ST.GEORGE BANK
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2,200,000.00
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Open
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Variable
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6.40%
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27,700,000.00
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The following Investment was made during the month of
September 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 $ 1,900,000
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RECOMMENDATION
That the report “Statement of Investments as at 30
September 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.
SRC151007CSD_49.doc
***** End of Corporate Services Division Report
No. 49 *****
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SERVICES AND RESOURCES COMMITTEE
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15
OCTOBER 2007
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Services and Resources Committee at the Meeting 15 October 2007
10 October 2007 to Services and Resources Committee
Corporate Services Division Report No. 50
Subject: Legal Expenses for
September 2007
Record No: SU1371 - 30143/07
Author(s): KG
Bascaran
Executive Summary
The report outlines Council’s legal expenses paid for
the last month and it is recommended that the report be received and noted.
Discussion
The following legal expenses were paid during the past
months.
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Pike Pike & Fenwick
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Previous
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Current
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Status
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Initiated
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24 Flaumont Ave Riverview
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$ 9,417.21
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$ 600.00
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On Going
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LCC
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24E Upper Cliff Road
LECP 10770/2006
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$ 26,860.01
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$ 1,491.60
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On Going
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Applicant
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33 Greenwich Rd – LECP
10779/2006
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$ 47,550.10
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$ 629.92
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Final
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Applicant
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23 Mars Rd –
Legal Advice
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$ 1,552.10
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$ 632.50
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Final
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Applicant
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9 Gamma Rd –
LECP 10461 / 2007
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Nil
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3,143.63
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On Going
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Applicant
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Wilshire Webb Solicitors
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24-28 Lane Cove
Plaza – LECP 40405/2005
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$267,967.62
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$
3,617.90
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On Going
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Third Party
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Total
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$ 10,115.55
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Budget Impact
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General Ledger Account Details “Legal”
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Account
Number
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Budget
2008
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Actual
Expenses
2007-2008
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Budget
Available
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Environmental Operating Expenses
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4120.2531.254
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$100,000
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$ 23,031
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$ 76,969
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Development Health Operating Expenses
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4230.2531.254
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$20,000
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$ -
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$20,000
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Corporate Services Operating Expenses
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125.2531.254
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$12,000
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$ 1,455
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$ 10,9545
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Urban Services Operating Expenses
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5025.2531.254
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$ 3,000
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$ 1,430
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$ 1,570
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Planning Services Operating Expenses
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625.2531.254
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$ 5,000
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$ -
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$ 5,000
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RECOMMENDATION
That the Legal Expenses for September 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.
SRC151007CSD_50.doc
***** End of Corporate Services Division Report
No. 50 *****
***** END OF AGENDA *****
