m

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Agenda

Services and Resources

Committee  Meeting

17 August 2009, 8:00pm

 


 

Notice of Meeting

 

Dear Councillors

 

Notice is given of the Services and Resources Committee, to be held in the Council Chambers, Lower Ground Floor, 48 Longueville Road, Lane Cove on Monday 17 August 2009 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 www.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 17 August 2009

 

TABLE OF CONTENTS

 

 

 

DECLARATIONS OF INTEREST

 

APOLOGIES

 

 

CONFIRMATION OF MINUTES

 

1.      SERVICES AND RESOURCES COMMITTEE MEETING - 3 AUGUST 2009

 

 

Corporate Services Division Reports

 

2.       Corporate Services Division Report No. 43

SUBJECT: Statement of Investment as at 31 July 2009

 

3.       Corporate Services Division Report No. 44

SUBJECT: Legal Expenses for  July 2009  

 

 

 

                   


Services and Resources Committee Meeting 17 August 2009

 

Corporate Services Division Report No. 43

 

 

 

 

 

Reference:    Corporate Services Division Report No. 43

Subject:          Statement of Investment as at 31 July 2009    

Record No:    SU777 - 30900/09

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

 

11/06/2009

BANK WEST

2,000,000.00

9/10/2009

120

4.00%

6/07/2009

CITIBANK  LTD

1,000,000.00

7/10/2009

93

4.30%

20/07/2009

CITIBANK  LTD

1,000,000.00

17/11/2009

120

4.25%

8/07/2009

CITIBANK  LTD

1,000,000.00

6/10/2009

90

4.21%

4/05/2009

CITIBANK  LTD

1,000,000.00

5/08/2009

93

4.25%

9/06/2009

CITIBANK  LTD

1,000,000.00

7/09/2009

90

4.50%

1/07/2009

IMB SOCIETY

1,000,000.00

29/09/2009

90

4.22%

6/07/2009

IMB SOCIETY

1,000,000.00

7/10/2009

93

4.25%

11/06/2009

IMB SOCIETY

1,000,000.00

9/09/2009

90

4.25%

21/07/2009

IMB SOCIETY

1,000,000.00

19/10/2009

90

4.25%

11/06/2009

IMB SOCIETY

1,000,000.00

9/10/2009

120

4.25%

10/06/2009

COMMONWEALTH

500,000.00

7/12/2009

180

4.00%

15/04/2009

Arab Bank Australia

1,000,000.00

13/08/2009

120

4.20%

15/06/2009

Macquarie Bank

1,000,000.00

14/09/2009

91

4.35%

12/06/2009

Macquarie Bank

1,000,000.00

10/09/2009

90

4.35%

16/06/2009

Macquarie Bank

1,000,000.00

15/09/2009

91

4.35%

7/07/2009

Macquarie Bank

2,000,000.00

5/10/2009

90

4.25%

10/06/2009

Allied Irish Bank PLC

1,000,000.00

8/09/2009

90

4.50%

2/07/2009

AMP Banking Ltd

1,000,000.00

29/12/2009

180

4.50%

7/07/2009

AMP Banking Ltd

1,000,000.00

4/01/2010

181

4.50%

31/07/2009

AMP Banking Ltd

1,000,000.00

27/01/2010

180

4.50%

3/07/2009

Elders Rural Bank Ltd

1,000,000.00

3/11/2009

123

4.40%

11/06/2009

ST.GEORGE BANK

1,000,000.00

11/08/2009

61

3.71%

11Am A/C

ST.GEORGE BANK

1,000,000.00

Open

Variable

2.90%

 

 

25,500,000.00

 

Weighted

Average

   4.22%

 

 

The following Investment was made during the month of July 2009. This Withdrawal was made in accordance with S.625 of the Local Government Act, 1993 and the Local Government (Financial Management) Regulation,1993.

 

                                                NET INVESTMENT                 $ 600,000

 

 

 

 

 

 

 

RECOMMENDATION

 

That the report “Statement of Investments as at 31 July 2009” 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 17 August 2009

 

Corporate Services Division Report No. 44

 

 

 

 

 

Reference:    Corporate Services Division Report No. 44

Subject:          Legal Expenses for July 2009    

Record No:    SU1371 - 30956/09

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.

 

 

MatthewsFolbigg Solicitors

Previous

Current

Status

Initiated

Pinky Fung Ling Chin – Unauthorised Work

34,560.14

4,108.26

Final

LCC

Netmesh Pty Ltd – Illegal Use

14,161.23

417.45

Final

LCC

Ugur Nedim – 2 Dog Attacks

24,182.62

8,083.36

On Going

Third Party

Waste Indemnity Deeds – General Advice

Nil

415.80

Final

LCC

 

Thomson Playford Cutlers

 

 

 

 

Lane Cove Aquatic Centre

282,381.19

14,040.25

On Going

LCC

 

 

Pikes Lawyers

328 Pacific HWY – Advice on Existing Use & SEPP10

Nil

2,007.50

Final

LCC

 

Total                                                   $ 29,072.62

                                                                                                   ==========

 

Budget Impact

 

 

 

 

 

 

General Ledger Account Details “Legal”

Account

Number

Budget

2009

Actual

Expenses

2008-2009

Budget

Available

Environmental Operating Expenses

4120.2531.254

$147,000

$ 150,240

-$ 3,240

Development Health Operating Expenses

4230.2531.254

$ 55,000

$ 60,857

-$ 5,857

Corporate Services Operating Expenses

125.2531.254

$ 40,000

$ 38,847

$ 1,153

Urban Services Operating Expenses

5025.2531.254

$ 7,000

$ 8,342

-$ 1,342

 

 

 


 

RECOMMENDATION

 

That the Legal Expenses for July 2009 be received and noted.

 

 

 

 

 

 

Craig Wrightson

Executive Manager

Corporate Services Division

 

 

ATTACHMENTS:

There are no supporting documents for this report.