NAMBUCCA SHIRE COUNCIL

 

ORDINARY COUNCIL MEETING - 17 SEPTEMBER 2009

 

LATE AGENDA                                                                                        Page

 

8        General Manager Report

8.9     Report on Investments to 31 August 2009

9        Director Environment and Planning Report

9.10   Report on the Minutes of the Nambucca River Estuary and Coastline Management Committee Meeting held on 7 September 2009   

 

 



Ordinary Council Meeting

17 September 2009

 

General Manager's Report

ITEM 8.9        SF394              170909         Report on Investments to 31 August 2009

 

AUTHOR/ENQUIRIES:        Faye Hawthorne, Accountant         

 

SUMMARY:

 

Return on investments to 31 August 2009 is $411,245.70.

 

During August Term Deposit interest rates varied from 3.50% for 30 days up to 5.15% for 12 months

 

All the Managed Funds showed good positive returns , with the best returns from Macquarie Income Plus earning $54,551, Aberdeen $68,991 and Tcorp $46,518.

 

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

 

 

OPTIONS:

 

This report is for information only.

 

DISCUSSION:

 

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


 


1  Investments Placed 1 to 31 August 2009

 

 

 

 

 

 

 

 

 

 

Date

 Amount

Period (Days)

Quotes

%

Accepted

 

6.08.09

 $1,014,904.11

126

 

 

4.46%

NAB

NAB

4.46%

AMP

4.30%

Bankwest

3.95%

Macq

4.35%

 

 

 

 

 

 

 

Date

 Amount

Period (Days)

Quotes

%

Accepted

 

13.08.09

 $1,105,295.77

154

St George

4.05%

4.45%

IMB

Bankwest

4.15%

IMB

4.45%

Macq

4.35%

 

 

 

 

 

 

 

Date

 Amount

Period (Days)

Quotes

%

Accepted

 

20.08.09

 $1,103,884.21

371

Newcastle Permanent

5.15%

5.15%

Newcastle Permanent

Macquarie

4.75%

Bankwest

5.00%

 

 

 

 

 

 

 

 

 

Date

 Amount

Period (Days)

Quotes

%

Accepted

 

27.08.09

 $656,371.55

273

BCU

4.80%

4.80%

BCU

Bankwest

4.55%

Macquarie

4.40%

 

 

 

 

 

 

 

 

 

Date

 Amount

Period (Days)

Quotes

%

Accepted

 

27.08.09

 $1,016,739.32

160

 

 

4.50%

NAB

NAB

4.50%

Macquarie

4.40%

Bankwest

4.30%

 

 

 


 

2  Investments Matured & Interest & Returns 1 to 31 August 2009

 

 

 

 

 

Term Deposits/Bank Bills

 

 

 

 

 

 

 

 

Institution

 Amount

Period (Days)

Rate

 Interest

Bankwest

 $1,000,000.00

136

4.00%

 $14,904.11

IMB

 $1,083,271.23

181

4.10%

 $22,024.54

Newcastle Permanent

 $1,091,406.30

107

3.90%

 $12,477.91

BCU

 $649,421.85

93

4.20%

 $6,949.70

NAB

 $1,004,658.64

105

4.18%

 $12,080.68

 

 

 

 

 

LGFS

 $505,153.42

31

4.07%

 $1,746.17

 

 

Managed Funds

 

 

 

 

 

 

 

 

 

 

 

 

Institution

Amount

Period (Days)

Performance for Month

Returns This Month

Annualised Performance FYTD

Returns FYTD

ANZ

 $709,339.54

31

0.03%

 $487.72

94.85%

 $42,154.21

Aberdeen

 $3,301,147.10

31

2.13%

 $68,991.16

43.53%

 $115,229.87

Macquarie Income Plus

 $3,774,572.79

31

1.47%

 $54,551.48

39.25%

 $120,013.26

Blackrock

 $1,165,182.37

31

1.02%

 $12,472.53

-249.15%

-$327,140.78

 

 

Long Term Funds

 

 

 

 

 

 

Institution

Amount

Period (Days)

Performance for Month

Monthly change in net asset value

Change in net asset value LTD

Coupons Paid to

Date

Annualised Performance FYTD

NSW Treasury Corp

$880,039.21

31

5.58%

 $46,518.67

-$169,441.24

N/A

66.24%

Longreach 2-2007*

$937,110.00

31

0.61%

 $5,660.00

-$64,990.00

 $44,672.60

-13.83%

Longreach Series 26*

$380,600.00

31

-0.13%

-$500.00

-$115,150.00

 $17,500.00

-3.24%

Averon II*

$310,100.00

31

0.00%

 $0.00

-$189,900.00

 $28,396.10

28.98%

 


 

3  Investments held at 31 August 2009

 

 

 

 

 

 

 

 

 

 

Institution

 Amount

Period (Days)

Maturity Date

 Interest Due at maturity

Interest

BCCU

$656,371.55

273

27/05/10

 $ 23,564.64

4.80%

Bankwest

$527,736.91

98

24/09/09

 $ 5,526.06

3.90%

Macquarie

$846,915.60

189

17/12/09

 $ 19,734.29

4.50%

IMB

$1,105,295.77

154

14/01/10

 $ 20,752.31

4.45%

Bankwest

$1,058,181.75

364

29/07/10

 $ 47,487.72

4.50%

Bankwest

$544,291.37

122

15/10/09

 $ 7,277.10

4.00%

Bank of Queensland

$1,000,000.00

119

12/11/09

 $ 14,182.19

4.35%

Macquarie Bank**

$2,236,303.00

90

20/10/09

 $ 24,538.06

4.45%

Macquarie Bank**

$526,459.18

94

03/09/09

 $ 5,423.25

4.00%

Newcastle Permanent

$1,103,884.21

371

26/08/10

 $ 57,784.56

5.15%

NAB

$1,016,739.32

160

04/02/10

 $ 20,056.23

4.50%

NAB

$1,005,912.88

124

29/09/09

 $ 14,523.73

4.25%

NAB

$1,010,586.31

175

15/12/09

 $ 21,416.12

4.42%

NAB

$1,011,391.79

84

22/09/09

 $ 10,148.28

4.36%

NAB

$1,013,369.87

182

21/01/10

 $ 22,233.06

4.40%

NAB

$1,014,904.11

126

10/12/09

 $ 15,625.63

4.46%

Suncorp

$800,000.00

369

06/07/10

 $ 38,012.05

4.70%

LFGS - CRI

$509,715.99

30

30/09/09

 $ 1,705.10

4.07%

Aberdeen Cash Plus

$3,301,147.10

30

30/09/09

 $ 2,170.62

0.80%

Blackrock Diversified Credit Fund

$1,465,182.37

30

30/09/09

 $ 963.41

0.80%

Macquarie Income Plus Fund No.1

$3,774,572.79

30

30/09/09

 $ 2,481.91

0.80%

ANZ High Yield Cash

$367,490.22

30

30/09/09

 $ 241.64

0.80%

NSW Treasury Corp Long Term Growth

$880,039.21

30

30/09/09

 $ 578.66

0.80%

Longreach 2-2007

$937,110.00

30

30/09/09

 $ 1,540.45

2.00%

Longreach Series 26

$380,600.00

30

30/09/09

 $  -  

0.00%

Averon II

$310,100.00

30

30/09/09

 $ -  

0.00%

TOTAL

$28,404,301.30

 

 

 $377,967.07

 

 

 

4  Interest Earned on Investments: August 2009

 

 

 

 

Total

Interest earned to date

 

 

 

 $334,655.21

 

 

 

 

 

 

Plus

Interest due to 31/08/09

 

 

 

 $  89,200.49

 

 

 

 

 

 

Accrued  to 31/08/09

 

 

 

 $ 423,855.70

 

 

 

 

 

 

Plus

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

-$ 12,610.00

 

 

 

 

 

 

* Investment Returns to 31/08/09

 

 

 

 $ 411,245.70

 

 

 

 

 

 

Amount of interest expected from all funds and reserves as per Budget

 

 

 

 

 

 $ 636,600.00

* To ensure consistency, returns take into account unrealised gains in Capital Protected Investments for August of $12,610

  Unrealised losses were added back in previous investment reports.

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

$656,371.55

273

27/05/10

4.80%

$23,564.64

$679,936.19

Bankwest

$527,736.91

98

24/09/09

3.90%

$5,526.06

$533,262.97

Macquarie Bank

$846,915.60

189

17/12/09

4.50%

$19,734.29

$866,649.89

IMB

$1,105,295.77

154

14/01/10

4.45%

$20,752.31

$1,126,048.08

Bankwest

$1,058,181.75

364

29/07/10

4.50%

$47,487.72

$1,105,669.47

Bankwest

$544,291.37

122

15/10/09

4.00%

$7,277.10

$551,568.47

Bank of Queensland

$1,000,000.00

119

12/11/09

4.35%

$14,182.19

$1,014,182.19

Macquarie Bank

$2,236,303.00

90

20/10/09

4.45%

$24,538.06

$2,260,841.06

Macquarie Bank

$526,459.18

94

03/09/09

4.00%

$5,423.25

$531,882.43

Newcastle Permanent

$1,103,884.21

371

26/08/09

5.15%

$57,784.56

$1,161,668.77

NAB

$1,016,739.32

160

04/02/10

4.50%

$20,056.23

$1,036,795.55

NAB

$1,005,912.88

124

29/09/09

4.25%

$14,523.73

$1,020,436.61

NAB

$1,010,586.31

175

15/12/09

4.42%

$21,416.12

$1,032,002.43

NAB

$1,011,391.79

84

22/06/09

4.36%

$10,148.28

$1,021,540.07

NAB

$1,013,369.87

182

21/01/10

4.40%

$22,233.06

$1,035,602.93

NAB

$1,014,904.11

126

10/12/09

4.46%

$15,625.63

$1,030,529.74

Suncorp

$800,000.00

369

06/07/10

4.70%

$38,012.05

$838,012.05

LGFS Committed Rolling Investment (Capital Protected)

$509,715.99

30

30/09/09

4.07%

$1,705.10

$511,421.09

 

 

 

 

 

 

 

Total Term Deposits

$16,988,059.61

 

 

 

$369,990.38

$17,358,049.99

 


 

MANAGED FUNDS- Medium term

 

 

 

 

 

 

 

 

 

 

Aberdeen Cash Plus

 

 

 

Anticipated return per month 0.80%

 

 

 

 

 

 

 

 

 

 

 

Institution

 

Date

 

Investment

 

Additional

Deposits

 

Performance

 

 

Redemptions/

Pay Outs

 

Current Market

Value

 

Balance Brought Forward

30/06/2009

$3,185,917.23

 

 

 

$3,185,917.23

Returns

31/07/2009

 

 

$46,238.71

 

$3,232,155.94

Returns

31/08/2009

 

 

$68,991.16

 

$3,301,147.10

Returns

30/09/2009

 

 

 

 

$3,301,147.10

Returns

31/10/2009

 

 

 

 

$3,301,147.10

Returns

30/11/2009

 

 

 

 

$3,301,147.10

Returns

31/12/2009

 

 

 

 

$3,301,147.10

Returns

31/01/2010

 

 

 

 

$3,301,147.10

Returns

28/02/2010

 

 

 

 

$3,301,147.10

Returns

31/03/2010

 

 

 

 

$3,301,147.10

Returns

30/04/2010

 

 

 

 

$3,301,147.10

Returns

31/05/2010

 

 

 

 

$3,301,147.10

Returns

30/06/2010

 

 

 

 

$3,301,147.10

 

 

$3,185,917.23

$0.00

$115,229.87

$0.00

$3,301,147.10

 

 

Blackrock Diversified Credit

 

 

 

 

Anticipated return per month 0.80%

 

 

 

 

 

 

 

 

 

 

 

Institution

Date

Investment

Additional

Performance

Redemptions/

Current Market

 

 

 

Deposits

 

Pay Outs

Value

 

 

 

 

 

 

 

Balance Brought Forward

30/06/2009

$1,492,323.15

 

 

 

$1,492,323.15

Returns

31/07/2009

 

 

$2,053.18

 

$1,494,376.33

Redemption - Wind up

6/08/2009

 

 

 

-$341,666.49

$1,152,709.84

Returns

31/08/2009

 

 

$12,472.53

 

$1,165,182.37

Returns

30/09/2009

 

 

 

 

$1,165,182.37

Returns

31/10/2009

 

 

 

 

$1,165,182.37

Returns

30/11/2009

 

 

 

 

$1,165,182.37

Returns

31/12/2009

 

 

 

 

$1,165,182.37

Returns

31/01/2010

 

 

 

 

$1,165,182.37

Returns

28/02/2010

 

 

 

 

$1,165,182.37

Returns

31/03/2010

 

 

 

 

$1,165,182.37

Returns

30/04/2010

 

 

 

 

$1,165,182.37

Returns

31/05/2010

 

 

 

 

$1,165,182.37

Returns

30/06/2010

 

 

 

 

$1,165,182.37

 

 

$1,492,323.15

$0.00

$14,525.71

-$341,666.49

$1,165,182.37


 

Macquarie Income Plus

 

 

 

 

Anticipated return per month 0.80%

 

 

 

 

 

 

 

 

 

 

 

Institution

Date

Investment

Additional

Performance

Redemptions/

Current Market

 

 

 

Deposits

 

Pay Outs

Value

Balance Brought Forward

30/06/2009

$3,654,559.53

 

 

 

$3,654,559.53

Returns

31/07/2009

 

 

$65,461.78

 

$3,720,021.31

Returns

31/08/2009

 

 

$54,551.48

 

$3,774,572.79

Returns

30/09/2009

 

 

 

 

$3,774,572.79

Returns

31/10/2009

 

 

 

 

$3,774,572.79

Returns

30/11/2009

 

 

 

 

$3,774,572.79

Returns

31/12/2009

 

 

 

 

$3,774,572.79

Returns

31/01/2010

 

 

 

 

$3,774,572.79

Returns

28/02/2010

 

 

 

 

$3,774,572.79

Returns

31/03/2010

 

 

 

 

$3,774,572.79

Returns

30/04/2010

 

 

 

 

$3,774,572.79

Returns

31/05/2010

 

 

 

 

$3,774,572.79

Returns

30/06/2010

 

 

 

 

$3,774,572.79

 

 

$3,654,559.53

$0.00

$120,013.26

$0.00

$3,774,572.79

 

 

ANZ High Yield On call account

 

 

 

Anticipated return per month 0.80%

 

 

 

 

 

 

 

 

Institution

Date

Investment

Additional

Performance

Redemptions/

Current Market

 

 

 

Deposits

 

Pay Outs

Value

 

 

 

 

 

 

 

Balance Brought Forward

30/06/2009

$667,002.50

 

 

 

$667,002.50

Redemption

23/07/2009

 

 

 

-$300,000.00

$367,002.50

Returns

31/07/2009

 

 

$487.72

 

$367,490.22

Investment from Blackrock

6/08/2009

 

$341,666.49

 

 

$709,156.71

Returns

31/08/2009

 

 

$182.83

 

$709,339.54

Returns

30/09/2009

 

 

 

 

$709,339.54

Returns

31/10/2009

 

 

 

 

$709,339.54

Returns

30/11/2009

 

 

 

 

$709,339.54

Returns

31/12/2009

 

 

 

 

$709,339.54

Returns

31/01/2010

 

 

 

 

$709,339.54

Returns

28/02/2010

 

 

 

 

$709,339.54

Returns

31/03/2010

 

 

 

 

$709,339.54

Returns

30/04/2010

 

 

 

 

$709,339.54

Returns

31/05/2010

 

 

 

 

$709,339.54

Returns

30/06/2010

 

 

 

 

$709,339.54

 

 

 

 

 

 

 

 

 

$667,002.50

$341,666.49

$670.55

-$300,000.00

$709,339.54


 

MANAGED FUNDS- Long Term Funds

 

 

 

 

NSW Treasury Corp

 

 

 

Anticipated return per month 0.80%

 

 

 

 

 

 

 

 

Institution

 

 

Additional

Performance

Redemptions/

Current Market

 

Date

Investment

Deposits

 

Pay Outs

Value

 

 

 

 

 

 

 

Balance Brought Forward

30/06/2009

$835,641.48

 

 

 

$835,641.48

Returns

31/07/2009

 

 

-$2,120.94

 

$833,520.54

Returns

31/08/2009

 

 

$46,518.67

 

$880,039.21

Returns

30/09/2009

 

 

 

 

$880,039.21

Returns

31/10/2009

 

 

 

 

$880,039.21

Returns

30/11/2009

 

 

 

 

$880,039.21

Returns

31/12/2009

 

 

 

 

$880,039.21

Returns

31/01/2010

 

 

 

 

$880,039.21

Returns

28/02/2010

 

 

 

 

$880,039.21

Returns

31/03/2010

 

 

 

 

$880,039.21

Returns

30/04/2010

 

 

 

 

$880,039.21

Returns

31/05/2010

 

 

 

 

$880,039.21

Returns

30/06/2010

 

 

 

 

$880,039.21

 

 

 

 

 

 

 

 

 

$835,641.48

$0.00

$44,397.73

$0.00

$880,039.21

 

 

Longreach 2-2007 - (Capital Protected)

 

 

 

 

Anticipated return per month 2.00%

 

 

 

 

 

 

 

 

Institution

Date

Investment

Additional

Deposits

Performance

 

Redemptions/

Pay Outs

Current Market

Value

Balance Brought Forward

30/06/2009

$948,180.00

 

 

 

$948,180.00

Returns

31/07/2009

 

 

-$16,730.00

 

$931,450.00

Returns

31/08/2009

 

 

$5,660.00

 

$937,110.00

Returns

30/09/2009

 

 

 

 

$937,110.00

Returns

31/10/2009

 

 

 

 

$937,110.00

Returns

30/11/2009

 

 

 

 

$937,110.00

Returns

31/12/2009

 

 

 

 

$937,110.00

Returns

31/01/2010

 

 

 

 

$937,110.00

Returns

28/02/2010

 

 

 

 

$937,110.00

Returns

31/03/2010

 

 

 

 

$937,110.00

Returns

30/04/2010

 

 

 

 

$937,110.00

Returns

31/05/2010

 

 

 

 

$937,110.00

Returns

30/06/2010

 

 

 

 

$937,110.00

 

 

$948,180.00

$0.00

-$11,070.00

$0.00

$937,110.00


 

Longreach Series 26 (Capital Protected)

 

 

Anticipated return per month 0.00%

 

 

 

 

 

 

 

 

 

 

 

Institution

 

Date

 

Investment

 

Additional

Deposits

 

Performance

 

 

Redemptions/

Pay Outs

 

Current Market

Value

 

Balance Brought Forward

30/06/2009

$381,650.00

 

 

 

$381,650.00

Returns

31/07/2009

 

 

-$550.00

 

$381,100.00

Returns

31/08/2009

 

 

-$500.00

 

$380,600.00

Returns

30/09/2009

 

 

 

 

$380,600.00

Returns

31/10/2009

 

 

 

 

$380,600.00

Returns

30/11/2009

 

 

 

 

$380,600.00

Returns

31/12/2009

 

 

 

 

$380,600.00

Returns

31/01/2010

 

 

 

 

$380,600.00

Returns

28/02/2010

 

 

 

 

$380,600.00

Returns

31/03/2010

 

 

 

 

$380,600.00

Returns

30/04/2010

 

 

 

 

$380,600.00

Returns

31/05/2010

 

 

 

 

$380,600.00

Returns

30/06/2010

 

 

 

 

$380,600.00

 

 

 

 

 

 

 

 

 

$381,650.00

$0.00

-$1,050.00

$0.00

$380,600.00

 


 

Averon II (Capital Protected)

 

 

 

 

Anticipated return per month 0.00%

 

 

 

 

 

 

 

 

 

 

 

Institution

 

 

Additional

Performance

Redemptions/

Current Market

 

Date

Investment

Deposits

 

Pay Outs

Value

 

 

 

 

 

 

 

Balance Brought Forward

30/06/2009

$302,650.00

 

 

 

$302,650.00

Returns

31/07/2009

 

 

$7,450.00

 

$310,100.00

Returns

31/08/2009

 

 

$0.00

 

$310,100.00

Returns

30/09/2009

 

 

 

 

$310,100.00

Returns

31/10/2009

 

 

 

 

$310,100.00

Returns

30/11/2009

 

 

 

 

$310,100.00

Returns

31/12/2009

 

 

 

 

$310,100.00

Returns

31/01/2010

 

 

 

 

$310,100.00

Returns

28/02/2010

 

 

 

 

$310,100.00

Returns

31/03/2010

 

 

 

 

$310,100.00

Returns

30/04/2010

 

 

 

 

$310,100.00

Returns

31/05/2010

 

 

 

 

$310,100.00

Returns

30/06/2010

 

 

 

 

$310,100.00

 

 

 

 

 

 

 

 

 

$302,650.00

$0.00

$7,450.00

$0.00

$310,100.00

Total Managed Funds-Performance since July, 2009

$341,666.49

$290,167.12

-$641,666.49

$11,458,091.01

 

 

 

 

 

 

 

Total investments for the month

 

 

$28,446,150.62

Total investments on maturity

 

 

$28,816,141.00

 

 

CONSULTATION:

 

Grove Research and Advisory.

 

SUSTAINABILITY ASSESSMENT:

 

Environment

 

There are no environmental implications.

 

Social

 

There are no social implications.

 

Economic

 

There are no economic implications.

 


Risk

 

That Council may not meet its budget returns for 2009/10 based on current performance.

 

 

FINANCIAL IMPLICATIONS:

 

Direct and indirect impact on current and future budgets

 

A review of budgeted interest returns for 2009/10 will be included with the September Budget Review and Grove will provide Council with the updated interest rates.

 

Source of fund and any variance to working funds

 

Interest on investments will be assessed with the September 2009 Budget Review.  Variances have been distributed between the Water, Sewerage and General Funds.

 

Attachments:

1View

There are no attachments to this report.

 

 

 

 


Ordinary Council Meeting

17 September 2009

Director Environment & Planning's Report

ITEM 9.10    SF1266            170909         Report on the Minutes of the Nambucca River Estuary and Coastline Management Committee Meeting held on 7 September 2009

 

AUTHOR/ENQUIRIES:     Greg Meyers, Director Environment and Planning         

 

Summary:

 

Attached for Council’s endorsement is a copy of the Minutes of the Nambucca River Estuary and Coastline Management Committee Meeting held on Monday, 7 September 2009.

 

The only recommendation from the Committee which requires an action of Council, is specifically brought to Council’s attention below:

 

That the Committee endorse the Draft Nambucca River Masterplan and Compendium Reports and recommend to Council that the Masterplan be placed on public exhibition for a period of 28 days, including a public information meeting to be held at the Nambucca Entertainment Centre during the first 2 weeks of the exhibition period.

 

 

Recommendation:

 

That Council endorse the recommendations from the Nambucca River Estuary and Coastline Management Committee meeting held on Monday, 7 September 2009.

 

 

OPTIONS:

 

1        Endorse the minutes

2        Not endorse the minutes

3        Endorse the minutes with amendments

 

 

DISCUSSION:

 

A number of matters were discussed at the Nambucca River Estuary and Coastline Management Committee meeting held on Monday, 7 September 2009. Each of the matters were presented through detailed reports.

 

The minutes clearly identify the recommendations from the Committee to Council and are presented for endorsement.

 

There are some minor amendments and the finalisation of the Emergency Evacuation Plan still to be completed which will mean that the exhibition of the Nambucca River Masterplan is proposed from Tuesday, 6 October 2009 to Friday, 6 November 2009 with the public information meeting tentatively proposed for Monday, 19 October 2009 or Wednesday, 21 October 2009, depending on the availability of the Nambucca Entertainment Centre.

 

 

CONSULTATION:

 

The Nambucca River Estuary and Coastline Management Committee.

 

 


SUSTAINABILITY ASSESSMENT:

 

Environment

 

There are no environmental issues with the report.

 

The matters presented to the Nambucca River Estuary and Coastline Management Committee for consideration and discussion provided an assessment on the environmental impacts.

 

Social

 

There are no social issues with the report.

 

The reports presented to the Nambucca River Estuary and Coastline Management Committee provided an assessment on the social impacts.

 

Economic

 

There are no economic issues with the report.

 

Risk

 

There are no risks with the report.

 

 

FINANCIAL IMPLICATIONS:

 

Direct and indirect impact on current and future budgets

 

The matters discussed are currently budgeted for through Grant Funds and Environmental Levy.

 

Source of fund and any variance to working funds

 

Not Applicable.

 

Attachments:

1View

22035/2009 - Minutes - 7 September 2009

 

 

 


Ordinary Council Meeting - 17 September 2009

Report on the Minutes of the Nambucca River Estuary and Coastline Management Committee Meeting held on 7 September 2009

Attachment 1

22035/2009 - Minutes - 7 September 2009

 

PRESENT

 

Cr Rhonda Hoban (Mayor)

 

Cr Martin Ballangarry OAM

Cr Janet Court

Cr Brian Finlayson

Cr Paula Flack

 

Cr Elaine South

Cr Anne Smyth

Joy van Son (Environmental Group)

John Monckton (Nambucca Heads Chamber of Commerce)

James Hallam (NSW Farmers)

Jean Ford (Oyster Farmers)

Richard Ellis (Affected Landowner - Business)

Fay Lawson (Affected Landowner Residential)

Tim Ryan (Landcare)

Barry Duffus (Interested Community Representative)

Bob Young (Environmental Group)

John Tait (Environmental Group – Gordon Park Rainforest)

Peter McNally (Nambucca Valley River Users Group)

 

 

ALSO PRESENT

 

Greg Meyers (Director Environment & Planning)

Barbara Sadler (Minute Secretary)

Richard Townend (SES)

John Schmidt (DECC)

Jackie Amos (RDM)

Michael Lamont (RDM)

Geoff Smyth (RDM)

Michael Coulter (General Manager – from 8.55 pm)

Keiley Hunter (RDM)

 

 

 

APOLOGIES

 

Cr John Ainsworth

Cr Mike Moran OAM

Cr Elaine South

Damon Telfer (GECO Environmental)

Gordon Ussher (Affected Landowner Residential)

Mr Kevin Gibson (DECC)

Michael Pitt (NRCM Authority)

Stephen Channells (Department of Lands)

Rodney McDonagh (NSW Maritime)

Anna Sedlak (NSW Maritime)

 

 

SUBJECT:   DISCLOSURE OF INTEREST

 

There were no Disclosures of Interest declared.

 

 

SUBJECT:   CONFIRMATION OF MINUTES - 10 July 2009

1508/09 RESOLVED:       (Flack/Court)

 

That the Committee note the adoption and endorsement of the recommendations of the Minutes of the Meeting held 10 July 2009, by Council at its meeting of 6 August 2009.

 

 

 

 


Director Environment and Planning Report

ITEM 4.1      SF1266              070909      Report on Outstanding Items 7 September 2009

1509/09 RESOLVED:       (Flack/Court)

 

That the list of outstanding actions be noted and received by the Committee.

 

 

 

 


ITEM 4.2      SF1266              070909      Report on Successful Funding Applications - Floodplain Management & Coastal Hazard Management

1510/09 RESOLVED:       (Flack/Ballangarry)

 

That the Committee note the report on successful funding applications as reported to Council on 3 September 2009.

 

 

 

 


ITEM 4.3      SF1266              070909      Report on Registrations for the 18th NSW Coastal Conference at Ballina on 3-6 November 2009

1511/09 RESOLVED:       (Flack/Ballangarry)

 

1          That the Committee note the report to Council as presented to its meeting of 20 August 2009.

 

2          That the Committee note the two Councillors attending the Conference will be Cr Paula Flack and Cr Martin Ballangarry and Council staff representative, Jacqui Ashby, Environmental Compliance Officer and any other interested Councillor with the payment for the Conference being taken from their Councillor conference/travel allowance.

 

 

 

 

 

 


Director Environment and Planning Report - LATE

ITEM 4.5      SF1266              070909      Advice of resignation from Nambucca River Estuary and Coastline Management Committee

1512/09 RESOLVED:       (Flack/Ballangarry)

 

That the Committee accept Mr Ken Winton’s resignation from the Committee due to work commitments with regret and wish him well in the future.

 


Director Environment and Planning Report

ITEM 4.4      SF1141              070909      Presentation of Final Draft Nambucca River Masterplan

1513/09 RESOLVED:       (Flack/Court)

 

That the Committee endorse the Draft Nambucca River Masterplan and Compendium Reports and recommend to Council that the Masterplan be placed on public exhibition for a period of 28 days, including a public information meeting to be held at the Nambucca Entertainment Centre during the first 2 weeks of the exhibition period.

 

 

 

CLOSURE

 

There being no further business the Mayor then closed the meeting the time being 9.50 am.

 

Confirmed and signed by the Mayor on 17 September 2009.

 

 

 

 

CR RHONDA HOBAN

MAYOR

(CHAIRPERSON)