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Agenda

Services and Resources

Committee Meeting

16 June 2008, 8:00PM

 


 

Notice of Meeting

 

Dear Councillors

 

Notice is given of the Services and Resources, to be held in the Council Chambers, Lower Ground Floor, 48 Longueville Road, Lane Cove on Monday 16 June 2008 commencing at 8:00PM. The business to be transacted at the meeting is included in this business paper.

 

Yours faithfully



Peter Brown

General Manager

 

Council Meeting Procedures

 

The Services and Resources Committee meeting is chaired by Councillor Joe Hassarati. Councillors are entitled to one vote on a matter. If votes are not unanimous the delegations of the Committee require that the matter be referred to Council for determination. Minutes of Council and Committee meetings are published on Council’s website wwww.lanecove.nsw.gov.au by 5pm of the Thursday following the meeting.

 

The Meeting is conducted in accordance with Council's Code of Meeting Practice. The order of business is listed in the Agenda on the next page. That order will be followed unless the Committee resolves to modify the order at the meeting. This may occur for example where the members of the public in attendance are interested in specific items of the agenda.

 

Members of the public may attend the Meeting and address the Committee on any issue.   Speakers and Councillors will not enter into general debate or ask questions.

 

If you do not understand any part of the information given above; require assistance to participate in the meeting due to a disability; or wish to obtain information in relation to Council, please contact Council’s Manager Governance on 99113525.

 

Please note 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.

 

 

 


Services and Resources Committee 16 June 2008

 

TABLE OF CONTENTS

 

 

 

DECLARATIONS OF INTEREST

 

APOLOGIES

 

 

 

CONFIRMATION OF MINUTES

 

1.      SERVICES AND RESOURCES COMMITTEE MEETING - 2 JUNE 2008

 

 

 

Corporate Services Division Reports

 

2.       Corporate Services Division Report No. 40

SUBJECT: Statement of Investment as at 31 May 2008

  

 

 

 

             


Services and Resources Committee Meeting 16 June 2008

 

Corporate Services Division Report No. 40

 

 

 

 

 

Reference:    Corporate Services Division Report No. 40

Subject:          Statement of Investment as at 31 May 2008    

Record No:    SU777 - 21070/08

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

 

11/03/2008

BANK WEST

2,000,000.00

11/06/2008

92

8.23%

05/05/2008

BANK WEST

2,000,000.00

05/09/2008

123

8.04%

07/05/2008

BANK WEST

1,000,000.00

07/08/2008

92

8.10%

02/04/2008

BANK WEST

1,000,000.00

02/06/2008

61

7.81%

04/03/2008

BANK WEST

1,000,000.00

02/06/2008

90

8.10%

07/04/2008

CITIBANK LTD

1,000,000.00

06/06/2008

60

7.83%

24/04/2008

CITIBANK LTD

1,000,000.00

23/07/2008

90

7.90%

19/05/2008

CITIBANK LTD

1,000,000.00

19/08/2008

91

7.94%

10/03/2008

CITIBANK LTD

1,000,000.00

10/06/2008

92

8.07%

11/03/2008

CITIBANK LTD

1,000,000.00

11/06/2008

92

8.16%

07/03/2008

CITIBANK LTD

1,000,000.00

06/06/2008

91

8.05%

22/05/2008

IMB SOCIETY

1,000,000.00

22/08/2008

92

8.00%

26/05/2008

IMB SOCIETY

1,000,000.00

25/08/2008

91

8.00%

12/05/2007

IMB SOCIETY

2,000,000.00

11/08/2008

91

8.00%

25/02/2008

IMB SOCIETY

1,000,000.00

25/07/2008

151

8.05%

14/04/2008

IMB SOCIETY

1,000,000.00

13/06/2008

60

7.86%

21/05/2008

LGFS Ltd

1,000,000.00

19/08/2008

90

7.75%

13/05/2008

LGFS Ltd

1,000,000.00

12/06/2008

30

7.65%

17/04/2008

LGFS Ltd

1,000,000.00

16/07/2008

90

7.91%

02/04/2008

COMMONWEALTH 

1,000,000.00

02/10/2008

183

8.10%

16/04/2008

COMMONWEALTH 

   500,000.00

11/11/2008

209

8.10%

07/05/2008

ST. GEORGE BANK

1,000,000.00

07/07/2008

61

7.71%

11 AM A/C

ST.GEORGE BANK

2,500,000.00

 Open

Variable

7.15%

 

 

27,000,000.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The following investment was made during the month of May 2008. This investment was made in accordance with S.625 of the Local Government Act, 1993 and the Local Government (Financial Management) Regulation, 1993.

 

 

                                                NET WITHDRAWAL               $300,000

 

 

 

RECOMMENDATION

 

That the report “Statement of Investments as at 31 May 2008” be received and noted

 

 

 

 

 

 

Craig Wrightson

Executive Manager

Corporate Services Division

 

 

ATTACHMENTS:

There are no supporting documents for this report.