NAMBUCCA SHIRE COUNCIL

 

 

Ordinary Council Meeting - 21 May 2009

 

AGENDA                                                                                                   Page

 

1        APOLOGIES

2        PRAYER

3        DISCLOSURE OF INTEREST

4        CONFIRMATION OF MINUTES — Ordinary Council Meeting - 7 May 2009

5        Notices of Motion

5.1     Notice of Motion - Macksville Traffic Bridge  

6        DELEGATIONS—Motion to hear Delegations

7        ASKING OF QUESTIONS WITH NOTICE

8        QUESTIONS FOR CLOSED MEETING WHERE DUE NOTICE HAS BEEN RECEIVED

9        General Manager Report

9.1     Outstanding Actions and Reports March 2009

9.2     Tewinga Community Centre - Special General Meeting - 23 April 2009

9.3     Reclassification of Unused Land - Coronation Park, Nambucca Heads

9.4     Annual General Meeting - Scotts Head Tennis Club - 7 April 2009

9.5     Section 94 - Surf Club - Training Equipment

9.6     Goods and Services Tax Certificate

9.7     Report on Investments to 30 April 2009

9.8     Write-Off of Rates and Charges - Lot 5 DP 755538

10      Director Environment and Planning Report

10.1   DEP Applications and Statistical Reports July 2008-April 2009, 2002-2009 and Certificates Received 2004-2009

10.2   Contract Regulatory Officer's Report - April 2009

10.3   Outstanding DA's >12 months, applications where submissions received & not determined 7 May 2009

10.4   School Holiday Program - April 2009 Report

10.5   Minutes of Access Committee Meeting 28 April 2009

10.6   Youth Week 2009  

10.7   Report on the Minutes of the Nambucca River Estuary and Coastline Management Committee Meeting held on 13 May 2009—LATE REPORT

11      Director Engineering Services Report

11.1   Lower North Coast Zone Liaison Committee - Rural Fire Service (RFS)

11.2   Buz Brazel Park - Review of Plan of Management

11.3   Nambucca Valley Waste Management Facility - Greenwaste Report  

12      General Purpose Committee 20 May 2009 - REPORT

13      General Manager's Summary of Items to be Discussed in Closed Meeting

12.1   Sale of Macksville East Public School site - Thistle Park

It is recommended that the Council resolve into closed session with the press and public excluded to allow consideration of this item, as provided for under Section 10A(2) (c) of the Local Government Act, 1993, on the grounds that the report contains information that would, if disclosed, confer a commercial advantage on a person with whom the Council is conducting (or proposes to conduct) business.

  

14      MEETING CLOSED TO THE PUBLIC

15      REVERT TO OPEN MEETING FOR DECISIONS IN RELATION TO ITEMS DISCUSSED IN CLOSED MEETING.

 



Ordinary Council Meeting

21 May 2009

Notice of Motion

ITEM 5.1      SF1269            210509         Notice of Motion - Macksville Traffic Bridge

 

AUTHOR/ENQUIRIES:     Rhonda Hoban, Councillor         

 

Summary:

 

Residents have raised concerns about the structural integrity of Macksville Traffic Bridge. Critical asset failure would have major ramifications for the Nambucca Shire and the entire region. Correspondence with the Parliamentary Secretary for Roads confirmed that the bridge is safe for “current legal loads” but was silent on the traffic flows of the future.

 

 

 

Recommendation:

 

1        That Council note the correspondence between the Mayor and the Parliamentary Secretary for Roads relating to Macksville Traffic Bridge.

 

2        That Council write to the Parliamentary Secretary for Roads, seeking an assurance that in its current condition the Macksville Traffic Bridge will cope with future traffic flows until it is bypassed by the Highway Upgrade.

 

3        That Council request the Parliamentary Secretary for Roads provide Council’s Engineering Department with a copy of their most recent reports on the structural integrity of Macksville Traffic Bridge.

 

 

OPTIONS:

 

 

DISCUSSIONS:

 

Residents have raised concerns about the structural integrity of Macksville Traffic Bridge. It is claimed that the bounce and vibration in the bridge has noticeably increased in recent times.

 

Barrier rails have been installed recently to reduce the risk of vehicle impact on critical bridge truss members, but this appears to have actually reduced the travel width of the bridge and increased the risk of collision.

 

This bridge is the only link for the Pacific coast. If it were to fail or require load limits, it would have a major impact not only on our Shire but on the entire region as heavy vehicles could not be routed indefinitely via Lane’s Bridge at Bowraville and would have to travel the New England Highway.

 

Lanes Bridge was not constructed to a standard to accommodate B-Doubles, or indeed high level traffic flow with heavy loads. Once trucks have cleared Lane’s Bridge there are still major issues in getting them back onto the Pacific Highway as they would have to travel via either Wirrimbi Road and negotiate the corner under the rail bridge near Midco and negotiate the right hand bend on what amounts to a single lane railway overbridge west of the Showground; or cross the load limited rail bridge on Wirrimbi Road.

 

Council also needs to know the structural state of this bridge, as at some point in the future it will be handed over to Council once Macksville is by- passed. Council has to be cautious of taking on a major maintenance or replacement liability.

 

 

CONSULTATION:

 

Manager Civil Works


SUSTAINABILITY ASSESSMENT:

 

Environment

 

There are no implications for the environment

 

Social

Failure of the bridge would have major social implications for the Shire in the loss of connectivity for the community and the issues associated with accessing services such as health and education.

 

Economic

 

The economic impacts of bridge closure or load limiting to industry and commerce for our shire and the entire region would be enormous.

 

Risk

 

Critical asset failure.

 

FINANCIAL IMPLICATIONS:

 

Direct and indirect impact on current and future budgets

 

Impacts on Council budgets of failure of the bridge itself are difficult to assess but there are certainly issues associated in taking responsibility for the bridge once Macksville is bypassed.

 

Source of fund and any variance to working funds

Not applicable

 

 

 

Attachments:

1View

11656/2009 - letters re Macksville Traffic Bridge

 

 

 


Ordinary Council Meeting - 21 May 2009

Notice of Motion - Macksville Traffic Bridge

Attachment 1

11656/2009 - letters re Macksville Traffic Bridge

 

  


Ordinary Council Meeting

21 May 2009

General Manager's Report

ITEM 9.1        SF959              210509         Outstanding Actions and Reports March 2009

 

AUTHOR/ENQUIRIES:        Michael Coulter, General Manager         

 

Summary:

 

The following table is a report on all outstanding resolutions and questions from Councillors (except development consents, development control plans & local environmental plans). Matters which are simply noted or received, together with resolutions adopting rates, fees and charges are not listed as outstanding actions. Where matters have been actioned they are indicated with strikethrough and then removed from the report to the following meeting. Please note that the status comments have been made one week before the Council meeting.

 

 

Recommendation:

 

That the list of outstanding actions and reports be noted and received for information by Council.

 

 

 

 

 

No

FILE NO

COUNCIL

MEETING

SUMMARY OF MATTER

ACTION

BY

STATUS

SEPTEMBER 2007

JUNE 2008

1

SF793

05/06/08

NoM - Council write to the appropriate department and request a total ban on night netting on all Nambucca Shire Council beaches.

                    

The meeting with Dave Mitchell was held on the 25 March 2009 and as a result Council determined a number of actions:

 

1  That a letter be written to the Minister for Primary Industries seeking legislation that enables enforcement of the Code of Conduct for Ocean Haul Fishermen.

 

2  That information be sought on the success or otherwise of having a Professional Fishermen's Motor Vehicle Beach Access Permit.

 

3  That the Department of Primary Industries Representative raise the concerns of Nambucca Shire Council at the next meeting of the Ocean Haul Operators Management Advisory Committee.

 

4  That the Department of Primary Industries be asked to provide temporary signage on the beach that advises the public that Beach Haul fishing is underway with reference to the Department of Primary Industries Website.

 

DES

Report on commercial fishermen to be prepared for Council after further consulting with the Department of Primary Industries. Ongoing discussions with DPI.

DPI recommended a local meeting with the representative of the commercial fishermen, DPI and Council.

Dave Mitchell (Commercial Fishermen Representative of the Ocean Haul Operators) has agreed to discuss this years operations with Council before the end of March.

 

David Mitchell has spoken to local commercial operators re Council concern.

 

Request for feedback sought from Kempsey Shire Council on the Professional Fishermen’s Permit Scheme.

 

Minister’s representative considering Council’s comment on a legislated Code of Comments.

 

Season is late this year, expected late May.  The Department of Primary Industries will respond to any issues.  The Department of Primary Industries will be issuing guidelines that include the beach signs.


JULY 2008

2

Item 9.9

03/07/08

Council make representation to Minister for Lands seeking agreed compensation for subdivision of Reserve 91694

 

GM

Letter sent 15/07/08.

Follow up letter sent 14/11/2008.

Minister for Lands has advised by letter dated 8/1/09 that land will be made available to Council as per the agreement following finalisation of an Aboriginal Land Claim.

Follow up letter sent 9 April.

3

Item 9.1

03/07/08

Council form working party to resolve conflicting issues surrounding the use of footpaths

 

DEP

Working party meeting to be arranged August/ September. To be deferred to after elections.

 

Arrangements made to hold meeting on 18 December at 2.00 pm

 

Meeting held 26 February 09.

 

Outcomes of meeting to come to Council in a report in May 2009. (21 May meeting)

See item in business paper

4

Item 11.4

03/07/08

That a new plan of management be prepared for Farringdon Playing Fields

DES

Awaiting outcome of grant application before proceeding.

Outcome of grant expected early December but not yet received.

Funding declined.  Work on preparing plan to be scheduled.

 

Interested parties will need to identify potential uses for inclusion in revised plan of management.

OCTOBER 2008

 

5

RF256

 

16/10/08

Notice of Motion - Riverbank Erosion - Riverside Drive Nambucca Heads – report re geotechnical engineers re stability of Riverside Drive

 

 

DES

 

Subject to GHD undertaking evaluation.

Separate assessments underway for:

 

1  Riverside Drive Bank Stability:

      Jason Cottages.

      Report received.

 

2  Ellis Ave & Doyle Lane Landslips:

      Awaiting further survey.

 

3  Riverside Drive Road Stability(West):

       GHD doing final review of report.

 

4  Catchment Assessment:

       Report being prepared by GHD.

 

 

NOVEMBER 2008

 

6

SF544

6/11/08

Council receive a report on options for the provision of matching general fund contributions for the S94 works schedule for community facilities and open space. Including the possibility of establishing a reserve.

 

GM

To be considered with draft budget for 2009/10.

Report May 2009.

 

 

7

SF544

6/11/08

Council review biennial the Community Infrastructure and Infrastructure Needs Study and review annually the Section 94 Community Facilities and Open Space Contributions Plan Works Schedule.

 

GM

Report November 2009

 

8

SF42

20/11/08

That Council receive a report back on the Dept. of Local Government Circular 08-61 – Plumbing Inspections by Council.

 

DEP

16 April 2009

Matter deferred as AIBS and DEPA are currently investigating the consequences of this circular.

 

DECEMBER 2008

 

9

SF688

4/12/08

That during the first half of the 2009/10 year Council call for community input into a new Environmental Levy program for the 5 year period to the end of 2014/2015.

 

DEP

Programmed for September 2009.

 

10

 

18/12/08

Alliance Tender for the Provision of a Corporate Software System

 

That Council seek the agreement of the tenderers to an extended evaluation period which will conclude on 30 June 2009.

 

GM

MIT consulting with tenderers.  Tender evaluation to occur April/May 2009.

 

11

SF1046

18/12/08

That the Wellington Drive component of the Urban Design Strategy be deferred pending a further report to Council in relation to further studies re land slip, rising sea level and traffic/parking.

 

DEP

Report March 2009.

 

Deferred in Draft Budget.

 

16 April 2009 meeting.

Deferred until draft Nambucca River Master Plan prepared.

 

 

JANUARY 2009

 

12

SF62

15/01/09

Council advertise by open tender the management and operation of the Macksville Aquatic Centre for an initial period of 2 years.

 

GM

Tender documentation currently being advertised – closed 16 April 2009. 

To be reported to Council’s meeting on 21 May 09.

 

13

PRF53

15/01/09

Preparation of landscape design for River Street, Macksville in consultation with Joan’s Army and Council staff.

 

DES

Quotations being sought.

Late March.

Deferred to May 2009.

Deferred to June 2009.

 

 

14

PRF53

15/01/09

Council investigate a grant to provide a boardwalk from Macksville CBD along Tilly Willy Creek to the concrete works with access through to McKay Street.

DES

Referred to Grants Officer.  Likely to be an issue with property owners who have direct access to Tilly Willy Creek.

Views of residents in McKay Street be sought

 

Submissions being received and collated.

 

11 objections received to the proposal.  Main concerns are loss of privacy, security issues, poor social behaviour, increased litter etc.

 

Project should not proceed.

 

 

15

PRF53

15/01/09

DES to enquire with Department of Public Works about opportunities to remove or refurbish the river gauging station in River Street, Macksville.

DES

Letter sent to the Manly Hydraulics Laboratory.

 

The Dept of Commerce have advised that Council in 1981 raised no objection to the Department of Public Works proposal to install an automatic recorder after consideration of the approximate location and type of structure, The site is important because of the consistency with historical data. An alternative building or structure must still use the same site.

 

Letter sent re standard of building required.

 

 

16

PRF614

15/01/09

Council request NSW Water Solutions to undertake further modelling in the IWCM based on a variety of population growth figures, including 1% growth, different capital costs so as to assess the sensitivity of projected water rates and developer contributions to changes in these variables.

 

DES

Underway

 

Further modelling will only be for the 1% population growth scenario. Results will be included in the Final Strategy paper which is due to be received by the end of March 2009.

 

Now included strategy for public consultation.

 

FEBRUARY 2009

 

17

SF241

5/02/09

That a new plan of management for the reserve within Kingsworth Estate be prepared by DES.  To include pedestrian and vehicular access arrangements and management of environmental values.

 

DES

October 2009

 

18

SF869

19/02/09

Council write to Country Energy concerning energy being wasted with street lighting at the Pearl Estate off the Pacific Highway at Valla, pointing out there are no houses and the road is blocked to prevent access.

 

DES

Letter sent seeking change to Council determining when street lights in new subdivisions are energised.

 

No response as at 28 April 2009.

 

Country Energy advised verbally that alternative arrangements can be made but that Council will need to meet the extra cost of energising the street lights arising from the extra site visit. 

 

Based on the following four considerations:

 

Social             Early residents will be without streetlights.

 

                        Negative impact.

 

Environment Less energy used to run the street lights.

 

                        Positive impact.

 

Economic      The cost to energise the street lights at a late date is likely to be more expensive.

 

                        Negative impact.

 

Risk                No street lighting in the early period increases the likelihood of vandalism and reduces the perception of safety to the residents.

 

                        Negative impact.

 

The outcome is that the lights should be energised upon completion of the subdivision.

 

 

19

SF1031

19/02/09

That a report be brought to Council on its capacity to keep electronic information long term and in a fail safe condition.

GM

MIT to report in July 2009.

 

MARCH 2009

 

20

SF1297

5/03/09

That Council make representations to the DECC and RFS re requirements for bushfire asset protection zones around houses.

 

DEP

Letters to be prepared and sent.

 

Letters sent 16 March 2009.

No response as 27 April 2009.

 

21

DA09/049

5/03/09

The RTA be requested to revise the speed limit along the Pacific Highway at Bellwood to 50km/hr.

 

DES

Letter sent.

 

No response as at 24 March 2009.

 

RTA advised 6 April 2009 that they will review and advise Council of outcome.

 

22

DA09/061

5/03/09

That Council review the Carparking Section 94 plan for Nambucca Heads..

 

GM

Target report to Council in July 2009.

 

 

23

SF1269

5/03/09

That Council investigate the purchase of privately owned industrial land adjoining the Macksville industrial estate.

 

GM

Cost of feasibility study being investigated.  Report by April 2009.

Quotes being obtained from consultants.  Report May 2009.  Chasing up quotes.

 

24

SF1269

19/03/09

Section 94 Plan for the Bellwood area to be reviewed as a matter of urgency.

GM

DES has engaged RoadNet to prepare a report on required infrastructure and cost. 

 

Report to GPC 20 May 2009. 

 

 

25

SF959

19/03/09

Council raise lack of staffing, opening hours and security at the Macksville Court House with the Attorney General.

 

GM

Letter sent 24/03/09.  Response from Attorney General received on 8 May 2009 and circulated to Councillors.

 

26

SF791

19/03/09

Proposed sale of old Gumma Road sanitary depot be deferred to allow for further investigation of prior use.

 

GM

Report to next Land Development Committee meeting.

 

27

SF791

19/03/09

That a report go back to the Land Development Committee on the outcome of advertising for expressions of interest for the purchase and development of industrial land in Nambucca Heads.

 

GM

Report to come back following advertising.

 

28

SF1301

19/03/09

Council hold 1 workshop for Section 355 Committees to explain information package and to discuss any issues or concerns the Committees may have in relation to their operations.

 

GM

Workshop being organised for 5.00pm Wednesday 3 June 2009.

 

Letters sent to Committees 6 May 2009.

 

29

SF744

19/03/09

Council receive a report on the released bond for the Wia-Ora sand and gravel quarry.

DEP

Report targeted for presentation prior to end of May 2009.  (21 May meeting)

Deferred to June 2009 to incorporate  possible calling in of bonds.

 

APRIL 2009

 

30

PRF11

2/04/09

Buz Brazel Park

 

DES

Plans showing the vegetation clearing options sent to the Committee of Management for their views. Plan of Management will be re-submitted to Council once a response is received.

 

Report to Council 21 May 2009.

 

 

31

SF939

2/04/09

Views of Chambers of Commerce, Nambucca Valley Tourism and High Schools be sought as to proposed marketing slogan and billboards and alternative suggestions

 

GM

To be reported back in August 2009

 

32

SF1269

16/04/09

That Council write to the Minister for Education requesting Cricket Association be compensated for loss of turf wicket at Thistle Park and seeking assurance that any funds from sale of land will be spent on public education in Macksville.

GM

Letter sent 20 April 2009.  Response received and distributed to Councillors on 11 May 2009.

Late Report to Council on 21 May 2009

 

33

SF871

16/04/09

That the future of the Pioneer Community Centre be subject to a further report to Council in 3 months time following receipt of any proposal from the CoM to retain the building.

Also Council seek the flat be vacated and obtain insurance details.

GM

Report in August 2009.  Letter sent 20/4/09 to CoM requesting that the flat be vacated and requesting insurance details.

 

34

SF959

16/04/09

Sub-Committee continue a review of Draft Management Plan so that it can be presented to Council in March 2010.

GM

A report is to be prepared to the Sub-Committee on a staged process for reviewing the Draft Management Plan.  Report to be completed by June 2009.  Subcommittee to report by March 2010.

 

 

35

SF1305

16/04/09

Council make representations to the Minister for Emergency Services and Minister for Roads to seek funding for the repair of landslips in Nambucca Heads which occurred as a consequence of the flood events in February and March 2009.  Also that Council make representations to the Insurance Council for the provision of insurance for land slip damage.

 

GM

Letters sent 21 April 2009.

 

36

SF1075

16/04/09

That Council seek a legal opinion on how it should advise the effect of the NSW Government Policy Statement on sea level rise under question 7 on a planning certificate and also specific advice as to a disclaimer.

 

DEP

Letter sent to Deacons on 20 April 2009.

Response expected by 22 May 2009

 

37

RF477

16/04/09

That Council write to Coffs Harbour and Bellingen Councils seeking a joint inspection of the Coffs Coast Waste Facility

 

DES

Letter of request forwarded on 1 May 2009.

 

38

SF444

16/04/09

That the revised road hierarchy plan, incorporating a grading program be deferred to the next GPC meeting with Councillors to provide any comments to Acting DES within 7 days.

 

DES

Report to GPC 17 June 2009.

 

39

SF901

16/04/09

That the report on Council owned buildings for public use – essential fire measures be deferred to the next Council meeting for a report on the inconsistencies with maintenance costs for halls.

DES

Report 7 May 2009.

To be considered in March quarterly budget review.

 

MAY 2009

 

40

SF959

07/05/09

That the report concerning Wia-Ora sand and gravel quarry consider options for calling in bonds to undertake works.

DEP

To be reported 21 May 2009.

Deferred to June 2009 to enable all options to be considered.

 

41

SF639

07/05/09

That the staffing of the Department of Environment and Planning be reviewed in 6 months or upon resignation of any professional staff member, whichever occurs first.

GM

Report November 2009

 

42

SF639

07/05/09

Council receive a report relating to the need for administrative support across the organisation.

GM

July 2009

 

43

SF21

07/05/09

Council investigate the implementation and costs of an effluent management system at the saleyards

GM

August 2009

 

44

SF1213

07/05/09

Allocation for retaining wall at Little Beach be deferred for consideration at the September Quarterly Review

DES

November 2009

 

45

SF1213

07/05/09

Council consider a report on the operation of the saleyards as a business unit and what, if any, subsidy is to be applied to its operations.

GM

November 2009

 

46

SF1213

07/05/09

Council review the cycleway plan so as to ensure its funding requirements are realistic.

DES

December 2009

 

47

SF1213

07/05/09

Council receive a report on the funding and use of the reserves for the Council Chambers Upkeep, Self Insurance and Tourist Centre Upkeep.

GM

September 2009

 

48

SF1343

07/05/09

Council staff to undertake preliminary investigations in regard to bidding for the land (Thistle Park).

GM

21 May 2009 (in closed)

 

 

 

Attachments:

 

 


Ordinary Council Meeting

21 May 2009

General Manager's Report

ITEM 9.2      SF338              210509         Tewinga Community Centre - Special General Meeting - 23 April 2009

 

AUTHOR/ENQUIRIES:     Monika Schuhmacher, Executive Assistant         

 

Summary:

 

This report acknowledges the Special General Meeting of the Tewinga Community Centre Committee of held on 23 April 2009. 

 

 

 

Recommendation:

 

1        That Council endorse the new Committee of Management for the Tewinga Community Centre and thank the outgoing Committee for their work in todate.

 

2        That Council forwards a special letter of thanks to Mr Barry Swan for his tireless work on the Committee of Management over the past 30 years.

 

 

OPTIONS:

 

There are no real options.  Council needs voluntary Committees of Management to manage recreation and community facilities across the Nambucca Valley.

 

 

DISCUSSION:

 

Due to the retirement from the Committee of Mr Barry Swan, a Special General Meeting of the Tewinga Community Centre Committee was held on Sunday 15 February 2009. 

 

The new Committee of Management for 2009/2010 is:

 

          President                        Frank Stennett

          Vice President                 Barbara Swan

          Treasurer                         Stephen Schmidt

 

 

CONSULTATION:

 

There has been no consultation.

 

 

SUSTAINABILITY ASSESSMENT:

 

Environment

 

There are no implications for the environment.

 

Social

 

There are social implications.

 

Economic

 

There are no economic implications.


 

Risk

 

There are no risk implications.

 

 

FINANCIAL IMPLICATIONS:

 

Direct and indirect impact on current and future budgets

 

There is no impact on current or future budgets.

 

Source of fund and any variance to working funds

 

There is no impact on working funds.

 

 

Attachments:

There are no attachments for this report.

 


Ordinary Council Meeting

21 May 2009

General Manager's Report

ITEM 9.3      SF545              210509         Reclassification of Unused Land - Coronation Park, Nambucca Heads

 

AUTHOR/ENQUIRIES:     Michael Coulter, General Manager         

 

Summary:

 

Council has to decide on tenders for new amenities at Coronation Park.  The budget for the preferred Option 1 of providing 2 buildings cannot be realised without funding from the sale of the land.  Otherwise Council can only afford Option 2 which is the provision of a single amenities building.

 

A process to reclassify an unused corner of Coronation Park which has an area of 1,640 square metres was commenced in 2001.  A public hearing was held in November 2007.  Following the public hearing Council considered the matter in April 2007, August 2007 and September 2007 without a conclusion being reached.  In February 2008 Council adopted a new Plan of Management for Coronation Park which identifies the potential sale of the unused land in Section 3.5.

 

Council needs to finally determine whether the land is to be reclassified.

 

It is recommended that Council proceed to reclassify the land in accordance with the recommendations of the report on the public hearing undertaken by a person independent of Council.

 

 

Recommendation:

 

1        That Council proceed with draft Local Environmental Plan Amendment No. 42 to rezone the identified section of Coronation Park as Residential 2(a) – Low/Medium Density and refer the draft Local Environmental Plan together with the findings of the Public Hearing to the Minister for Planning and/or the Minister for Local Government for final gazettal.

 

2        That Council provide a written undertaking to the Coronation Park Committee of Management that all proceeds from the sale of the land will be expended on agreed improvements to Coronation Park.

 

 

3        That upon reclassification of the land that its sale be by auction with a reserve price to be fixed by the average of two valuations and that Council’s seal be attached to documents as required.

 

 

OPTIONS:

 

Council has the option of seeking the Minister’s approval for the reclassification of the land to operational which will allow Council to deal with the land or retaining its classification as community land in which case Council is unable to deal with the land.

 

DISCUSSION:

 

A brief overview of the history of this matter is as follows:

 

Unknown date

Council resolves to agree in principle to the sale of 2 lots off Short Street for the purpose of generating funds for the improvement of Coronation Park.

 

June 2001

Council considers a report on a range of projects which the Coronation Park Committee of Management would like to see undertaken with the funds generated by the sale of the land.  For Oval No. 1 the listed projects are, “new canteen, drainage, extend concrete seating, roof over seating and replacement of change rooms”.  For Oval No. 2 the requested projects are, “relocate cricket practice nets, upgrade cricket pitch, provide undercover seating and a new amenities and canteen”.  Council resolves to proceed with preparing a draft local environmental plan to change the zoning of the land from Public Recreation 6(a) to Residential.

 

February/March 2005

Draft LEP placed on public exhibition.

 

August 2005

It was reported to Council that the facilities at Coronation Park, in particular the buildings, are in poor condition and outdated.  Also, “the cost to address this situation and replace the buildings, upgrade seating and carparking will cost many $100,000’s and is beyond Council’s normal financial resources….One key factor that needs clarification is Council’s commitment to using the funds raised to carryout the improvements to Coronation Park.”  Council resolved, “that in the event that residential lots are created at Coronation Park then revenue from the sale less associated expenses be used to create a reserve for the sole use improving and upgrading the grounds, facilities and buildings at Coronation Park.”

 

April 2006

In a report by Council’s Safety Officer on the condition of buildings at Coronation Park, Council resolves, “to note works with an estimated cost of $58,380 are outstanding and works with a cost of $125,000 are required at Coronation Park over the next three to five years to address identified occupational health and safety issues, to protect Council’s assets and minimise risk of injury to the public”.  It was also resolved, “that Council investigate the options to fund the works program at Coronation Park, including assistance from Work for the Dole, Section 94 contributions and financial and in kind assistance from user groups.”

 

October 2006

Council engages Greater Taree City Council to conduct the public hearing which is required under the Local Government Act for the reclassification of community land.  The date for the public hearing is set down as 28 November 2006.

 

April 2007

Outcome of public hearing reported to Council.  Independent facilitator, Mr Graham Gardner of Greater Taree City Council, recommends that a Plan of Management be prepared for Coronation Park detailing necessary and desired improvements before any decision is made regarding the sale of surplus land.  The Plan of Management is to show a programme of works to improve playing fields, amenities, spectator facilities, parking/access, passive facilities.  Secondly, he recommends that, “any future development for the land proposed to be sold to be restricted to single dwellings only with a maximum height of two storeys.”

 

Council resolves to, “defer consideration of rezoning and sale of the land and liaise with Coronation Park Committee of Management to determine if there are options for fund raising and Government grants to fund the capital works to upgrade the facilities.”

 

August 2007

Council advised that the Coronation Park Committee of Management met to consider Council’s resolution of 5 April 2007 and agreed to support a centrally located building on the western side of the carpark as part of a Regional Sports Grant Application.  It was recommended that Council proceed with the draft local environmental plan amendment no. 42 to rezone the section of land as Residential 2(a) and that Council provide an undertaking to the Committee of Management that all proceeds from the land sale will be expended on agreed improvements to Coronation Park.

 

Council resolves to, “defer the matter”.

 

September 2007

Matter again reported to Council noting the April and August deferrals.  Again recommended that Council proceed with the rezoning the section of land as Residential 2(a) – Low/Medium Density and refer draft LEP and findings of Public Hearing to Minister for Local Government and Minister for Planning for final gazettal.  It was also recommended that Council provide a written undertaking to the Committee of Management that all proceeds from the sale of the land be expended on agreed improvements to Coronation Park.

 

There was an amendment to proceed in accordance with the recommendation which was lost; there was a motion that a report come to Council on funds which may be available from the leasing of Headland Caravan Park which was resolved; and a motion that a report on the current use of Coronation Park and options for fund raising be brought to Council which was lost.

 

In effect no decision was made.

 

October 2007

Council advised the rental income from the Headland Caravan Park is $10,800 per annum and is already accounted for in the budget.

 

November 2007

Council resolves to exhibit a draft Plan of Management for Coronation Park.

 

February 2008

Council resolves to adopt the new Plan of Management for Coronation Park.

 

December 2008

Council resolves to utilize the funds made available under the Regional and Local Community Infrastructure Program ($423,000) for the replacement of the Coronation Park amenities and kiosk building and provide the details of the project to the Department of Infrastructure, Transport, Regional Development and Local Government.  A budget of $935,677 was determined based on the following:

 

Regional and Local Community Infrastructure Program                 $423,000

Section 94 Community Facilities and Open Space Funds             $262,677

Proceeds from sale of land                                                         $250,000

Total                                                                                        $935,677

 

February 2009

Council resolves to finalise detailed plans, specifications and proposed finishes for 2 separate buildings and one combined building and call tenders for both options.  Further, upon receipt of the tenders, Council determine which option to pursue.  The tender period was reduced to 3 weeks as the grant funding must be expended by 30 September 2009.

 

21 May 2009

Council needs to make a decision on the tender for new amenity building/s at Coronation Park.  This is the subject of a report in the confidential business paper.  However without the reclassification and sale of the surplus land the preferred Option 1 of providing 2 buildings is not affordable.  Option 2 of providing a single building would still be affordable without the reclassification and sale of the land.

 

A plan showing the land proposed to be reclassified to operational land is attached.  It is an unused “triangular” shaped corner of Coronation Park with an area of 1,640 square metres that has no potential for use as playing fields or associated facilities such as car parking.  It has on occasions been used for the dumping of material such as tree waste and fill and has a grass cover which needs to be maintained by mowing.

 

A copy of the report of the outcome of the public hearing is a circularised document.

 

Council has now actioned the first recommendation of the report on the public hearing by adopting a new Plan of Management for Coronation Park.  A copy of the new Plan of Management is a circularised document.  The adopted Plan of Management identifies the potential sale of this unused land in Section 3.5.

 

In accordance with the recommendation of the report, it is recommended that any future development for the land to be made operational be restricted to single dwellings only with a maximum height of two storeys.

 

CONSULTATION:

 

Adjoining and adjacent residents and those who made submissions to the public hearing have been notified of the meeting.

 

SUSTAINABILITY ASSESSMENT:

 

Environment

 

There are no significant implications for the environment.

 

Social

 

Council has to weigh any actual loss of amenity for adjoining and adjacent owners against its funding requirements for maintaining infrastructure and meeting the expectations of sporting groups.

 

Economic

 

The proposed new amenity buildings for Coronation Park are a major public investment at a time when the Commonwealth Government is urging public sector expenditure to maintain jobs and diminish the impacts of the recession.  The reclassification of the unused land will allow effective infill development, utilising existing infrastructure to accommodate additional population growth close to services.  This is more environmentally sustainable than new urban areas on the fringe or outside of existing urban areas.

 

Risk

 

There is a risk the Minister for Planning will not endorse the recommended reclassification of the land.  Whilst it would have been preferable to have finally dealt with the reclassification some time ago, Council has followed the proper process to reach this point.

 

FINANCIAL IMPLICATIONS:

 

Direct and indirect impact on current and future budgets

 

The proceeds from the sale of the land have been estimated at $250,000.  If this is not realised then the budget for the project will either have to be reduced or the funds found from another source.

 

Source of fund and any variance to working funds

 

At this stage there is no impact on working funds.  Considering comments from Council’s Auditor that Council should improve its unrestricted ratio from 1.73 to at least 2.0 it is not recommended that any shortfall in the budget for the new amenities in Coronation Park be made up from working funds.

 

Attachments:

There are no attachments for this report.

 


Ordinary Council Meeting

21 May 2009

General Manager's Report

ITEM 9.4      SF332              210509         Annual General Meeting - Scotts Head Tennis Club - 7 April 2009

 

AUTHOR/ENQUIRIES:     Monika Schuhmacher, Executive Assistant         

 

Summary:

 

The report acknowledges the annual general meeting of the Scotts Head Tennis Club Inc. Committee of Management and the new Committee.

 

 

 

Recommendation:

 

That Council endorse the Committee of Management for the Scotts Head tennis Club Inc for 2008/2009 and thank the outgoing Committee for their work in 2007/2008.

 

 

 

There are no real options.  Council needs voluntary Committees of Management to manage recreation and community facilities across the Nambucca Valley.

 

 

DISCUSSION:

 

The AGM of the Scotts Head Tennis Club Committee of Management was held on 7 April 2009.

 

The Committee of Management for 2009 is:

 

President                                           Alan Lane

Vice President and Social Secretary     Andrew Pearson

Secretary                                           Patricia Norman

Treasurer                                            Margaret Lane

Other Committee Members                  Joyce Pike,  Paul Crane,  Rama Genat,  Ben Pearson, 

                                                         Tony Comyn,  Fil Baker.

 

 

CONSULTATION:

 

There has been no consultation in preparing this report.

 

 

SUSTAINABILITY ASSESSMENT:

 

Environment

 

There are no implications for the environment.

 

Social

 

There are no social implications.

 

Economic

 

There are no economic implications.

 

Risk

 

There are no risk implications.

 

 

FINANCIAL IMPLICATIONS:

 

Direct and indirect impact on current and future budgets

 

There are no financial implications.

 

Source of fund and any variance to working funds

 

There is no implications for working funds.

 

 

Attachments:

There are no attachments for this report.

 


Ordinary Council Meeting

21 May 2009

General Manager's Report

ITEM 9.5      SF1326            210509         Section 94 - Surf Club - Training Equipment

 

AUTHOR/ENQUIRIES:     Monika Schuhmacher, Executive Assistant         

 

Summary:

 

The Macksville Scotts Head Surf Life Saving Club wishes to, from Section 94 funds, trade in the request for one inflatable rescue boat (IRB) engine for one Data Projector and one Radio.  This equipment is used for training purposes.

 

 

Recommendation:

 

That Council endorse the Macksville Scotts Head Surf Life Saving Club’s request to, from Section 94 funds, purchase one Data Project and one Radio in lieu of one inflatable rescue boat engine.

 

 

OPTIONS:

 

That Council not endorse the Macksville Scotts Head Surf Life Saving Club’s request.

 

 

DISCUSSION:

 

The Data Projector is to deliver training.  The Macksville Scotts Head Surf Life Saving Club undertakes a variety of training eg Advanced Resuscitation, Bronze Medallion, Beach Management, First Aid, Defibrillator, Spinal Management, Inflatable Rescue Boat operations.  Members also provide training at other Clubs.

 

The Section 94 Contribution Planner (Mr Bruce Potts) has stated that an amendment can be made as there is no change to the base rate contribution payable and the overall cost remains unchanged.  The cost estimates for the Data Projector is $900.

 

 

CONSULTATION:

 

General Manager

Section 94 Contribution Planner

Accountant

Macksville Scotts Head Surf Life Saving Club

 

SUSTAINABILITY ASSESSMENT:

 

Environment

 

There is no impact on the environment.

 

Social

 

The projector will be used for training for life saving purposes.

 

Economic

 

There are no economic implications.

 

Risk

 

There is no risk to Council.

 

FINANCIAL IMPLICATIONS:

 

Direct and indirect impact on current and future budgets

 

The funds are available from Section 94 contributions.

 

Source of fund and any variance to working funds

 

There is no variance to working funds.

 

Attachments:

There are no attachments for this report.

 


Ordinary Council Meeting

21 May 2009

General Manager's Report

ITEM 9.6        SF63                210509         Goods and Services Tax Certificate

 

AUTHOR/ENQUIRIES:        Faye Hawthorne, Accountant         

 

Summary:

 

Council is required to provide the Department of Local Government with a signed certificate on GST compliance. This certificate is required annually beginning in the financial year 2005/2006. Prior to this the certificate was completed by Council’s Auditor.

 

 

 

Recommendation:

 

That the Mayor, one other Councillor, the General Manager and Responsible Accounting Officer be authorised to sign the Goods and Services Tax Certificate required by the Department of Local Government.

 

 

OPTIONS:

 

Council has the option to engage Council’s auditor to complete an audit to support the sign off of the certificate of compliance.

 

DISCUSSION:

 

Council’s are to supply a certificate of confirmation for GST compliance to the Department of Local Government.

 

This certificate replaces the previous requirement of having a GST Audit Review Report prepared by an auditor and lodged with the department and will therefore reduce the cost of the audit.

 

The GST certificate must be signed by the Mayor, at least one other Councillor, the Responsible Accounting Officer and the General Manager.

 

The statement declares:

 

To assist compliance with Section 114 of the Commonwealth Constitution,

 

·      Voluntary GST has been paid by Nambucca Shire Council for the period 1 May 2008 to 30 April 2009.

 

·      Adequate management arrangements and internal controls were in place to enable the Council to adequately account for its GST liabilities and recoup all GST input tax credits eligible to be claimed.

 

·      No GST non-compliance event was identified by Council or raised by the Australian Taxation Office.

 

CONSULTATION:

 

There has been no consultation

 

SUSTAINABILITY ASSESSMENT:

 

Environment

 

Not applicable

 

 

 

Social

 

Not Applicable

 

Economic

 

See Financial implications

 

Risk

 

Not applicable

 

FINANCIAL IMPLICATIONS:

 

Direct and indirect impact on current and future budgets

 

There is no direct and indirect impact on current and future budgets.

 

Source of fund and any variance to working funds

 

Not applicable.

 

Attachments:

1View

11473/2009 - Goods and Service Tax Certificate 2009

 

 

 


Ordinary Council Meeting - 21 May 2009

Goods and Services Tax Certificate

Attachment 1

11473/2009 - Goods and Service Tax Certificate 2009

 

COUNCIL OF NAMBUCCA SHIRE

 

 

GOODS AND SERVICES TAX CERTIFICATE

 

 

Payment of Voluntary GST 1 May 2008 to 30 April 2009

 

 

To assist compliance with Section 114 of the Commonwealth Constitution, we certify that:

 

·    Voluntary GST has been paid by Nambucca Shire Council for the period

      1 May 2008 to 30 April 2009

 

·    Adequate management arrangements and internal controls were in place to enable the Council to adequately account for its GST liabilities and recoup all GST input tax credits eligible to be claimed.

 

·    No GST non-compliance events by the Council were identified by or raised with the Australian Taxation Office.

 

 

Signed in accordance with a resolution of Council made on  21 May 2009.

 

 

 

…………………………                        …………………………

Rhonda HOBAN                                    

MAYOR                                       COUNCILLOR

 

 

 

…………………………                        …………………………

Michael COULTER                                 Craig DOOLAN

GENERAL MANAGER                               RESONSIBLE ACCOUNTING OFFICER

 

 


Ordinary Council Meeting

21 May 2009

General Manager's Report

ITEM 9.7        SF394              210509         Report on Investments to 30 April 2009

 

AUTHOR/ENQUIRIES:        Faye Hawthorne, Accountant         

 

SUMMARY:

 

Return on investments to 30th April, 2009 is ($119,487.77).

 

During the month of April the Term Deposit rates remained  around 3% to 4%, with the 90 day rate offering the best rates at 3.90% to 4.00%.

 

The market remains cautious, but there has been an improvement in consumer confidence. 

 

April has been the first month for many months that the Managed Funds showed some small positive returns for the month with Macquarie ($31,074), Aberdeen ($34,578).

 

 

This report details all the investments placed during April and Council funds invested as at 31 April 2009.

 

The following investment report has been drawn up in accordance with the Local Government Act 1993 (as amended), the Regulations and Council Policy 1.9 – Investment of Surplus Funds.

 

 

C P Doolan

Responsible Accounting Officer

 

 

Recommendation:

 

That the Accountants’ Report on Investments placed to 30 April 2009 be noted.

 

 

OPTIONS:

 

This report is for information only.

 

DISCUSSION:

 

This report details all the investments placed during April and Council funds invested as at 30 April 2009.

 


 

1  Investments Placed 1 to 30 April 2009

 

 

 

 

Date

 Amount

Period (Days)

Quotes

%

Accepted

 

23.04.09

 $  2,214,461.74

90

 

 

4.00%

Macquarie

Macquarie

4.00%

Bankwest

3.35%

St George

3.20%

Citibank

3.55%

 

 

 

 

 

 

 

Date

 Amount

Period (Days)

Quotes

%

Accepted

 

30.04.09

 $    503,436.62

91

NAB

3.70%

3.70%

NAB

Westpac

3.70%

CBA

3.08%

 

 

 

 

2  Investments Matured & Interest & Returns 1 to 30 April 2009

 

 

Term Deposits/Bank Bills

 

 

 

 

 

Institution

 Amount

Period (Days)

Rate

 Interest

 

 

NAB

 $1,000,000.00

29

3.30%

 $2,621.92

 

 

NAB

 $1,000,000.00

38

3.30%

 $3,435.62

 

 

Macquarie

 $2,117,886.13

219

7.60%

 $96,575.61

 

 

LGFS

 $   500,000.00

30

3.96%

 $1,627.40

 

 

 

 

 

 

 

 

 

 

Managed Funds

 

 

 

 

 

Institution

Amount

Period (Days)

Performance for Month

Returns This Month

Annualised Performance FYTD

Returns FYTD

ANZ

 $425,716.85

31

0.20%

 $1,282.65

1.71%

$7,177.19

Aberdeen

 $3,126,147.19

31

1.12%

 $34,577.72

-10.48%

-$291,408.07

Macquarie Income Plus

 $3,560,252.18

31

0.88%

 $31,073.55

-2.81%

$85,007.29

Blackrock

 $1,716,120.29

31

-0.22%

-$3,995.93

-33.07%

-$824,224.32

 

 

 

 

 

 

 

 

 

Institution

Amount

Period (Days)

Performance for Month

Monthly change in net asset value

Coupons Paid to Date

Change in net asset value LTD

Annualised

Performance

FYTD

NSW Treasury Corp

 $778,867.02

31

2.42%

 $18,420.84

N/A

-$224,094.76

-16.28%

Longreach 2-2007*

 $983,260.00

31

0.62%

 $6,030.00

 $34,316.44

-$18,840.00

14.94%

Longreach Series 26*

 $396,150.00

31

-0.55%

-$2,200.00

 $17,500.00

-$99,600.00

11.35%

Averon II

 $324,050.00

31

4.01%

 $12,500.00

 $28,396.10

-$175,950.00

-20.63%

 


 

3  Investments held at 30 April 2009

 

 

 

 

Institution

 Amount

Period (Days)

Maturity Date

 Interest Due at maturity

Interest

BCCU

$641,839.35

103

26/05/09

 $7,969.36

4.40%

Bankwest

$518,118.36

154

18/06/09

 $9,618.55

4.40%

Macquarie

$830,894.14

153

11/06/09

 $16,021.46

4.60%

IMB

$1,083,271.23

181

13/08/09

 $22,024.54

4.10%

Bankwest

$1,043,309.59

121

30/07/09

 $14,872.16

4.30%

Bankwest

$500,000.00

367

15/06/09

 $44,291.37

8.81%

Bankwest

$1,041,884.93

119

14/07/09

 $13,757.16

4.05%

Bankwest

$511,326.03

190

25/06/09

 $12,909.23

4.85%

Macquarie Bank**

$2,214,461.74

90

22/07/09

 $21,841.27

4.00%

Macquarie Bank**

$520,808.76

90

01/06/09

 $5,650.42

4.40%

Newcastle Permanent

$1,054,811.56

189

05/05/09

 $36,594.74

6.70%

NAB

$503,435.62

91

30/07/09

 $4,644.02

3.70%

NAB

$1,000,000.00

52

14/05/09

 $4,658.63

3.27%

NAB

$1,000,000.00

66

28/05/09

 $5,912.88

3.27%

NAB

$1,000,000.00

92

23/06/09

 $10,586.30

4.20%

NAB

$1,000,000.00

99

30/06/09

 $11,391.78

4.20%

NAB

$1,000,000.00

122

23/07/09

 $13,369.86

4.00%

NAB

$1,000,000.00

136

06/08/09

 $14,904.11

4.00%

LFGS - CRI

$502,875.07

31

31/05/09

 $1,691.31

3.96%

Aberdeen Cash Plus

$3,126,147.19

31

31/05/09

 $2,124.07

0.80%

Blackrock Diversified Credit Fund

$1,716,120.29

31

31/05/09

 $1,166.02

0.80%

Macquarie Income Plus Fund No.1

$3,560,252.18

31

31/05/09

 $2,419.02

0.80%

ANZ High Yield Cash

$425,716.85

31

31/05/09

 $289.25

0.80%

NSW Treasury Corp Long Term Growth

$778,867.02

31

31/05/09

 $529.20

0.80%

Longreach 2-2007

$983,260.00

31

31/05/09

 $1,670.20

2.00%

Longreach Series 26

$396,150.00

31

31/05/09

 $           -  

0.00%

Averon II

$324,050.00

31

31/05/09

 $            -  

0.00%

TOTAL

 $28,277,599.91

 

 

 $280,906.91

 

** Deposits - Government Guarantee of 1% covered by institution

 


 


4  Interest Earned on Investments:  April 2009

 

 

 

 

Total

Interest earned to date

-$38,576.64

 

 

 

Plus

Interest due on maturity of Term Deposits

$70,718.83

 

 

 

Accrued to 30/04/09

$32,142.19

Plus

Year to date unrealised changes in Net Asset Value of Capital Protected Securities

-$16,330.00

 

 

 

Less

Interest due after month in question

-$135,299.96

 

 

 

* Investment Returns to 30/04/09

-$119,487.77

 

 

 

Amount of interest expected from all funds and reserves

 

as per Budget

 $403,000.00

  Unrealised losses were added back in previous investment reports.

 

 

Calculation of interest due after month in question (this case April)

 

30/04/2009

Institution

 Amount

Period (Days)

Maturity Date

 Interest Due after month in Question

Interest

BCCU

$641,839.35

26

26/05/09

 $2,011.68

4.40%

Bankwest

$518,118.36

49

18/06/09

 $3,060.45

4.40%

Macquarie Bank

$830,894.14

42

11/06/09

 $4,398.05

4.60%

IMB

$1,083,271.23

181

13/08/09

 $22,024.54

4.10%

Bankwest

$1,043,309.59

91

30/07/09

 $11,184.85

4.30%

Bankwest

$500,000.00

46

15/06/09

 $5,551.51

8.81%

Bankwest

$1,041,884.93

75

14/07/09

 $8,670.48

4.05%

Bankwest

$511,326.03

56

25/06/09

 $3,804.83

4.85%

Macquarie Bank

$2,214,461.74

83

22/07/09

 $20,142.50

4.00%

Macquarie Bank

$520,808.76

32

01/06/09

 $2,009.04

4.40%

Newcastle Permanent

$1,054,811.56

5

05/05/09

 $968.11

6.70%

NAB

$503,435.62

91

30/07/09

 $4,644.02

3.70%

NAB

$1,000,000.00

14

14/05/09

 $1,254.25

3.27%

NAB

$1,000,000.00

28

28/05/09

 $2,508.49

3.27%

NAB

$1,000,000.00

54

23/06/09

 $6,213.70

4.20%

NAB

$1,000,000.00

61

30/06/09

 $7,019.18

4.20%

NAB

$1,000,000.00

84

23/07/09

 $9,205.48

4.00%

NAB

$1,000,000.00

98

06/08/09

 $10,739.73

4.00%

LGFS - CRI

$502,875.07

31

31/05/09

 $1,691.31

3.96%

Aberdeen

$3,126,147.19

31

31/05/09

 $2,124.07

0.80%

Blackrock

$1,716,120.29

31

31/05/09

 $1,166.02

0.80%

Macquarie Income Plus

$3,560,252.18

31

31/05/09

 $2,419.02

0.80%

ANZ

$425,716.85

31

31/05/09

 $289.25

0.80%

NSW Treasury Corp

$778,867.02

31

31/05/09

 $529.20

0.80%

Longreach 2-2007

$983,260.00

31

31/05/09

 $1,670.20

2.00%

Longreach Series 26

$396,150.00

31

31/05/09

 $        -  

0.00%

Averon II

$324,050.00

31

31/05/09

 $       -  

0.00%

 

5        Performance Report

 

TERM DEPOSITS

 

 

 

 

 

 

Institution

Invested

Days

Date of

Interest

Amount of

Total interest &

 

Amount

Invested

Maturity

Rate

interest

investment

 

 

 

 

 

due on

due on

 

 

 

 

 

maturity

Maturity

BCCU

$641,839.35

98

26/05/09

4.40%

$7,582.50

$649,421.85

Bankwest

$518,118.36

154

18/06/09

4.40%

$9,618.55

$527,736.91

Macquarie Bank

$830,894.14

153

11/06/09

4.60%

$16,021.46

$846,915.60

IMB

$1,083,271.23

181

13/08/09

4.10%

$22,024.54

$1,105,295.77

Bankwest

$1,043,309.59

121

30/07/09

4.30%

$14,872.16

$1,058,181.75

Bankwest

$500,000.00

367

15/06/09

8.81%

$44,291.37

$544,291.37

Bankwest

$1,041,884.93

119

14/07/09

4.05%

$13,757.16

$1,055,642.09

Bankwest

$511,326.03

190

25/06/09

4.85%

$12,909.23

$524,235.26

Macquarie Bank

$2,214,461.74

90

22/07/09

4.00%

$21,841.27

$2,236,303.01

Macquarie Bank

$520,808.76

90

01/06/09

4.40%

$5,650.42

$526,459.18

Newcastle Permanent

$1,054,811.56

189

05/05/09

6.70%

$36,594.74

$1,091,406.30

NAB

$503,435.62

91

30/07/09

3.70%

$4,644.02

$508,079.64

NAB

$1,000,000.00

52

14/05/09

3.27%

$4,658.63

$1,004,658.63

NAB

$1,000,000.00

66

28/05/09

3.27%

$5,912.88

$1,005,912.88

NAB

$1,000,000.00

92

23/06/09

4.20%

$10,586.30

$1,010,586.30

NAB

$1,000,000.00

99

30/06/09

4.20%

$11,391.78

$1,011,391.78

NAB

$1,000,000.00

122

23/07/09

4.00%

$13,369.86

$1,013,369.86

NAB

$1,000,000.00

136

06/08/09

4.00%

$14,904.11

$1,014,904.11

LGFS Committed Rolling Investment (Capital Protected)

$502,875.07

31

31/05/09

3.96%

$1,691.31

$504,566.38

Total Term Deposits

$16,967,036.38

 

 

 

$272,322.29

$17,239,358.67

 

 


 

MANAGED FUNDS- Medium term

 

 

 

 

Aberdeen Cash Plus

 

 

 

 

 

 

 

 

 

 

 

 

Anticipated return per month 0.80%

 

 

 

 

Institution

 

 

Additional

Performance

Redemptions/

Current Market

 

Date

Investment

Deposits

 

Pay Outs

Value

Balance

30/06/2008

$4,417,555.26

 

 

 

$4,417,555.26

Returns

31/07/2008

 

 

-$45,418.38

-$1,000,000.00

$3,372,136.88

Returns

31/08/2008

 

 

$9,819.19

 

$3,381,956.07

Returns

30/09/2008

 

 

-$68,546.58

 

$3,313,409.49

Returns

31/10/2008

 

 

-$60,890.40

 

$3,252,519.09

Returns

30/11/2008

 

 

-$16,834.43

 

$3,235,684.66

Returns

31/12/2008

 

 

-$45,544.51

 

$3,190,140.15

Returns

31/01/2009

 

 

$12,899.85

 

$3,203,040.00

Returns

28/02/2009

 

 

-$44,498.37

 

$3,158,541.63

Returns

31/03/2009

 

 

-$66,972.16

 

$3,091,569.47

Returns

30/04/2009

 

 

$34,577.72

 

$3,126,147.19

 

 

 

 

 

 

 

 

 

$4,417,555.26

$0.00

-$291,408.07

-$1,000,000.00

$3,126,147.19

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Blackrock Diversified Credit

 

 

 

 

 

 

 

 

 

 

 

Anticipated return per month  0.80%

 

 

 

Institution

 Date

Investment 

Additional

Performance

Redemptions/

Current Market

 

 

 

Deposits

 

Pay Outs

Value

Balance

30/06/2008

$4,457,903.91

 

 

 

$4,457,903.91

Returns

31/07/2008

 

 

-$33,710.35

 

$4,424,193.56

Returns

31/08/2008

 

 

$4,404.58

 

$4,428,598.14

Returns

30/09/2008

 

 

-$117,158.68

 

$4,311,439.46

Pay Out

2/10/2008

 

 

 

-$1,226,187.12

$3,085,252.34

Returns

31/10/2008

 

 

-$259,727.88

 

$2,825,524.46

Returns

30/11/2008

 

 

-$59,542.36

 

$2,765,982.10

Pay Out

11/12/2008

 

 

 

-$691,372.19

$2,074,609.91

Returns

31/12/2008

 

 

-$50,511.92

 

$2,024,097.99

Returns

31/01/2009

 

 

-$5,132.96

 

$2,018,965.03

Returns

28/02/2009

 

 

-$76,652.23

 

$1,942,312.80

Returns

31/03/2009

 

 

-$21,216.23

 

$1,921,096.57

Pay Out

9/04/2009

 

 

 

-$200,980.35

$1,720,116.22

Returns

30/04/2009

 

 

-$3,995.93

 

$1,716,120.29

 

 

 

 

 

 

 

 

 

$4,457,903.91

$0.00

-$623,243.96

-$2,118,539.66

$1,716,120.29


 

Macquarie Income Plus

 

 

 

 

 

 

 

 

 

 

 

Anticipated return per month 0.80%

 

 

 

Institution

 Date

Investment 

Additional

Performance

Redemptions/

Current Market

 

 

 

Deposits

 

Pay Outs

Value

Balance

30/06/2008

$4,145,259.47

 

 

 

$4,145,259.47

Returns

31/07/2008

 

 

$15,676.58