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Agenda

Services and Resources

Committee Meeting

15 March 2010, 8:00pm

 


 

Notice of Meeting

 

Dear Councillors

 

Notice is given of the Services and Resources Committee, to be held in the Committee Room on Monday 15 March 2010 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 Scott Bennison. 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 Councilís 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 Councilís 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 15 March 2010

 

TABLE OF CONTENTS

 

 

 

DECLARATIONS OF INTEREST

 

APOLOGIES

 

 

CONFIRMATION OF MINUTES

 

1.††††† SERVICES AND RESOURCES - 1 MARCH 2010

 

 

Corporate Services Division Reports

 

2.†††††† Corporate Services Division Report No. 13

SUBJECT: Statement of Investments as at 28 February 2010

 

 

 

†††††††††††††† ††††


Services and Resources Committee Meeting 15 March 2010

 

Corporate Services Division Report No. 13

 

 

 

 

 

Reference:††† Corporate Services Division Report No. 13

Subject:††††††††† Statement of Investments as at 28 February 2010††

Record No:††† SU777 - 8364/10

Author(s):†††††† KG† Bascaran†

 

 

Executive Summary

 

The report outlines the Councilís 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

 

11/09/2009

Allied Irish Bank PLC

1,000,000.00

10/03/2010

180

5.00%

8/09/2009

Allied Irish Bank PLC

1,000,000.00

9/03/2010

182

5.10%

8/09/2009

Allied Irish Bank PLC

1,000,000.00

8/03/2010

181

5.05%

14/09/2009

Allied Irish Bank PLC

1,000,000.00

15/03/2010

182

4.98%

1/09/2009

AMP Banking Ltd

1,000,000.00

1/03/2010

181

4.50%

9/10/2009

BANK WEST

2,000,000.00

8/03/2010

150

5.20%

8/02/2010

BANK WEST

2,000,000.00

10/05/2010

91

5.40%

11/01/2010

BANK WEST

1,000,000.00

12/03/2010

60

5.40%

3/02/2010

CITIBANK† LTD

1,000,000.00

7/05/2010

93

5.20%

4/02/2010

CITIBANK† LTD

1,000,000.00

5/05/2010

90

5.20%

8/02/2010

CITIBANK† LTD

1,000,000.00

10/05/2010

91

5.45%

4/01/2010

CITIBANK† LTD

1,000,000.00

5/04/2010

91

5.40%

3/02/2010

CITIBANK† LTD

1,000,000.00

5/03/2010

30

5.05%

10/12/2009

COMMONWEALTH

500,000.00

12/07/2010

214

6.00%

26/02/2010

IMB SOCIETY

1,000,000.00

27/05/2010

90

5.60%

14/01/2010

IMB SOCIETY

2,000,000.00

13/07/2010

180

6.10%

7/01/2010

IMB SOCIETY

1,000,000.00

7/04/2010

90

5.60%

18/12/2009

IMB SOCIETY

1,000,000.00

16/06/2010

180

6.00%

6/01/2010

Macquarie Bank

1,000,000.00

6/04/2010

90

5.50%

8/12/2009

NEWCASTLE P B S

1,000,000.00

8/12/2010

365

7.00%

2/12/2009

ST.GEORGE BANK

1,000,000.00

2/12/2010

365

6.80%

11Am A/C

ST.GEORGE BANK

1,700,000.00

Open

Variable

3.65%

 

 

25,200,000.00

 

Weighted

Average

5.38%

 

The following Withdrawal / Investment were made during the month of February 2010. This Withdrawal / Investment was made in accordance with S.625 of the Local Government Act, 1993 and the Local Government (Financial Management) Regulation,1993.

 

††††††††††††††††††††††††††††††††††††††††††††††† †††††††††† NO MOVEMENTS

 

RECOMMENDATION

 

That the report ďStatement of Investments as at 28 February 2010Ē be received and noted.

 

 

 

 

 

 

Craig Wrightson

Executive Manager

Corporate Services Division

 

 

ATTACHMENTS:

There are no supporting documents for this report.

†† †††††