Agenda

Services and Resources

15 December 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 15 December 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 Win Gaffney. 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 Meeting 15 December 2008
Corporate Services Division Report No. 80

Reference: Corporate Services Division Report No. 80

Subject: Statement of Investment as at 30 November 2008

Record No: SU777 - 44397/08

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
11/06/2008	BANK WEST	2,000,000.00	11/06/2009	365	8.96%
05/09/2008	BANK WEST	2,000,000.00	04/12/2008	90	7.49%
07/10/2008	BANK WEST	1,000,000.00	07/01/2009	92	7.40%
30/09/2008	BANK WEST	2,000,000.00	07/01/2009	99	7.80%
04/11/2008	CITIBANK LTD	2,000,000.00	05/01/2009	62	6.53%
23/10/2008	CITIBANK LTD	1,000,000.00	21/01/2009	90	6.85%
08/09/2008	CITIBANK LTD	1,000,000.00	08/12/2008	91	7.50%
11/09/2008	CITIBANK LTD	1,000,000.00	10/12/2008	90	7.49%
22/08/2008	IMB SOCIETY	1,000,000.00	19/12/2008	119	7.66%
25/08/2008	IMB SOCIETY	1,000,000.00	05/01/2009	133	7.62%
11/09/2008	IMB SOCIETY	2,000,000.00	10/12/2008	90	7.56%
24/10/2008	IMB SOCIETY	1,000,000.00	22/01/2009	90	6.49%
12/09/2008	IMB SOCIETY	1,000,000.00	12/12/2008	91	7.58%
19/08/2008	LGFS Ltd	1,000,000.00	17/12/2008	120	7.70%
11/09/2008	LGFS Ltd	1,000,000.00	10/12/2008	90	7.55%
02/10/2008	COMMONWEALTH	1,000,000.00	02/04/2009	183	7.50%
11/11/2008	COMMONWEALTH	500,000.00	10/03/2009	119	6.00%
17/10/2008	ARAB BANK AUS	1,000,000.00	15/04/2009	180	8.10%
12/11/2008	ST.GEORGE BANK	1,000,000.00	12/12/2008	30	5.60%
11 AM A/C	ST.GEORGE BANK	2,500,000.00	Open	Variable	4.15%
		27,300,000.00

The following Investment was made during the month of October 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 INVESTMENT $ 800,000

RECOMMENDATION

That the report “Statement of Investments as at 30 November 2008” be received and noted

Craig Wrightson

Executive Manager

Corporate Services Division

ATTACHMENTS:

There are no supporting documents for this report.

Services and Resources Committee Meeting 15 December 2008
Open Space and Urban Services Division Report No. 41

Reference: Open Space and Urban Services Division Report No. 41

Subject: Local Traffic Committee Meeting held Tuesday 18 November 2008

Record No: SU1326 - 44269/08

Author(s): Nick Karahlis

Executive Summary

The Lane Cove Local Traffic Committee met on Tuesday 18 November 2008. The Traffic Committee makes the following recommendations.

RECOMMENDATION

That Council receive and note the recommendations of the Lane Cove Traffic Committee Meeting held Tuesday 18 November 2008.

Wayne Rylands

Executive Manager

Open Space and Urban Services Division

ATTACHMENTS:

AT‑1 View	Agenda - Lane Cove Traffic Committee 18 November 2008	10 Pages
AT‑2 View	Minutes - Lane Cove Traffic Committee 18 November 2008	4 Pages

Services and Resources Committee 15 December 2008
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