NAMBUCCA SHIRE COUNCIL

 

 

Ordinary Council Meeting - 15 December 2011

 

LATE AGENDA                                                                                        Page

 

 

 

   

9        General Manager Report

9.12   Successful Grant Application - Healthy Communities Initiative for Nambucca Shire

9.13   Investment Report to 30 November 2011    

 

 


      


Ordinary Council Meeting                                                                                             15 December 2011

General Manager's Report

ITEM 9.12    SF1475            151211         Successful Grant Application - Healthy Communities Initiative for Nambucca Shire

 

AUTHOR/ENQUIRIES:     Colleen Henry, Grants Officer         

 

Summary:

 

Nambucca Shire has been successful in its application for funding under the Healthy Communities Initiative (HCI), which was announced on 5 December. The $566,042 grant will fund a 21-month program (to June 2013) aimed at reducing the number of overweight and obese people in the target populations of recently or long-term unemployed, Aboriginal and Torres Strait Islanders and older Australians.

 

The grant will pay for the employment of a full-time coordinator during the life of the program. The funding will also pay for the delivery of physical exercise courses and healthy eating and cooking classes; support for community gardens at Macksville, Bowraville and Scotts Head; the installation of outdoor exercise areas at Nambucca Heads and Macksville and a smaller one at Valla Beach; and all associated costs such as marketing and administration.

 

The Council endorsed the original grant application at its meeting of 20 January 2011. That grant application was unsuccessful and a subsequent application was made in the current round.

 

 

Recommendation:

 

That Council note the Healthy Communities Initiative (Live Healthy Nambucca) to be run in Nambucca Shire. 

 

 

OPTIONS:

 

There are no options.

 

DISCUSSION:

 

Program overview

The Australian Government’s Department of Health and Ageing’s aim in funding the Healthy Communities Initiative over 21 months is to support Nambucca Shire in delivering effective community based physical activity and healthy eating programs as well as developing a range of local government policy environments to support healthy lifestyle behaviours.

 

Program details

Total funding of $566,042 (ex GST) will be used to:

·      Employ a Healthy Communities Coordinator to implement the project

·      Subsidise the costs to individuals participating in the healthy lifestyle programs

·      Purchase proven healthy lifestyle programs

·      Purchase or subsidise training for community members to run proven community based healthy lifestyle programs

·      Marketing and promotion

·      Community consultation

·      Minor infrastructure investments (the outdoor exercise stations)

·      Program evaluation

·      Council expenses in managing and administering the program.

 

Council will not be running the programs, but will work with existing and new partners in delivering a range of programs. In preparing the grant application, the Grants Officer has negotiated partnerships with national program providers the Australian Heart Foundation (walking program), Australian Diabetes Council (healthy lifestyle and exercise) and the Australian Red Cross (low-cost cooking and shopping). Local providers include Miimi Aboriginal Corporation (for a Bowraville Fitness Club), Nortec (healthy cooking and shopping classes at Pride Café), the YMCA at the Macksville Memorial Aquatic Centre, and Council’s Living Stronger for Longer seniors’ exercise program (currently supported by a grant from Department of Sport and Recreation). In addition to this, eligible participants will be subsidised in existing exercise programs throughout the Shire, for example at the Valley Gym and Curves Gym.

 

The grant will pay for outdoor exercise stations at Macksville and Nambucca Heads and a smaller station at Valla Beach (up to $50,000 can be used for this activity). The grant will provide for a re-invigoration of the Macksville community garden and help kick-start the Bowraville community garden and assist to a smaller degree the existing Scotts Head community garden. There is provision for three community fun days and a small incentives program to purchase t-shirts, water bottles, hats and other small items. 

 

The Live Healthy Nambucca program will be comprised of a period of consultation and planning, followed by delivery of programs to each of the key client groups depending on their specific requirements, then evaluation toward the end of the grant period. Employment of the program coordinator is the first priority and this process will begin shortly.

 

CONSULTATION:

General Manager

Director Environment and Planning

Manager Community and Cultural Services

 

SUSTAINABILITY ASSESSMENT:

Environment

Not applicable.

 

Social

The delivery of the program in the Nambucca Shire is expected to improve the quality of life of the residents, through decreasing the incidence of chronic disease such as diabetes and other illnesses associated with overweight and obesity. This outcome has secondary benefits such as reducing the reliance on health care providers to treat illnesses which are avoidable through better eating habits and more physical activity. The Aboriginal population in particular would be a key beneficiary of the program.

 

Economic

Local health professionals such as physical activity trainers will be contracted to deliver the programs; where they lack accreditation for certain programs, the grant funds may be used to subsidise their training.  The grant will also create one casual position (HCI Coordinator) within the Nambucca Shire Council.

 

Risk

The success of the program will rely heavily on the abilities of the Healthy Communities Coordinator. There is a risk that the position can not be filled by a person with the right qualifications, and a risk that the Coordinator may leave the position before the delivery of the program is completed, thus requiring an additional filling process.

 

FINANCIAL IMPLICATIONS:

 

Direct and indirect impact on current and future budgets

 

The program will run to June 2013. As the program is totally self-funded, with provision for meeting Council’s administration and on-costs, there will be no direct or indirect impact on current and future budgets for the period of the grant. The outdoor exercise stations will require ongoing maintenance by Nambucca Shire Council, however this equipment is very robust and these stations are to be placed in areas already maintained by the Shire Council, and this additional maintenance is expected to be minimal.

 

Source of fund and any variance to working funds

 

Attachments:

There are no attachments for this report.


Ordinary Council Meeting                                                                                             15 December 2011

General Manager's Report

ITEM 9.13    SF394              151211         Investment Report to 30 November 2011

 

AUTHOR/ENQUIRIES:     Faye Hawthorne, Accountant         

 

Summary:

 

The total return on investments from 1 July to 30 November 2011 is ($92,923.16) – this takes into account accrued interest to 30 June 2011.

 

During November Term Deposit interest rates ranged from 4.75% for 30 days and up to 5.80% for 1 year. Council placed one Term Deposit during the month – $500,000 for 5 years at 6.2% with RaboDirect.  Council also placed $1,000,000 with ANZ On Call account at 6.00%.

 

The Managed Funds balances and returns for the month are:

 

·                  Macquarie Income Plus - balance $3,391,852 negative return $4,927

·                  TCorp - balance $908,330 negative return $24,838

·                  UBS – balance $197,464

 

Council currently has $8.56 Million with Managed Funds and the balance of $23.76 Million on term deposits.

 

Update on Averon II and Longreach  :

 

Upon advice from our financial advisers CPG Research & Advisory Pty Ltd, it has been decided to retain the investment with Averon II and wait for any further advice as to if and when we withdraw.

 

Based on advice from CPG, Council has now withdrawn from both the Longreach funds (Series 22 & Series 26).  The wind up details are as follows:

 

Longreach Fund 2-2007(Series 22)

          Units Sold                       1,000,000

          Sale Price                       $0.99792000

          Consideration                  $997,920.00

          Settlement Date               5 December 2011

          Loss on Principal             $2,080.00

 

Longreach(Series 26)

          Units Sold                       500,000

          Sale Price                       $0.88750000

          Consideration                  $443,750.00

Settlement Date               7 December 2011

Loss on Principal             $56,250

 

The advice from CPG is that notwithstanding the exit costs, the Council would receive a higher return by switching the Longreach investments to term deposits.

 

The investment placed for $500,000 with RaboDirect for 5 years will replace the Longreach Series 26 funds, and we are yet to invest the $1,000,000 but expect to invest for 3 to 5 years.

 

This report details all the investments placed during November and Council funds invested as at 30 November 2011.

 

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 November 2011 be noted.

 

OPTIONS:

 

This report is for information only.

 

 

DISCUSSION:

 

This report details all the investments placed during November 2011 and Council funds invested as at 30 November 2011.

 

1 Investments Placed 1 to 30 November 2011

Date

 Amount

Period (Days)

Institution Accepted With

Rate

 

 

 

 

 

17.11.11

$1,000,000.00

11 am on call

ANZ

6.00%

25.11.11

$500,000.00

5 Years

RaboDirect

6.20%

 

 

 

 

 

 

 

 

 

 

 

 

2 Investments Matured & Interest & Returns 1 to 30 November 2011

 

Term Deposits/Bank Bills

 

 

 

 

 

 

 

Institution

Amount

Period (Days)

Rate

 Interest

 

 

 

 

People's Choice Credit Union

 $1,075,159.46

370

6.33%

 $68,989.89

 

 

 

 

Managed Funds

 

 

 

 

 

 

Institution

Amount

Period (Days)

Performance for Month

Returns This Month

Annualised Performance FYTD

Returns FYTD

 

 

UBS Wealth M'ment Aust Ltd

 

 

 

 $197,464.20

 

 

 

30

4.68%

-$308.14

4.99%

 $6,675.78

Interest Paid Daily each Quarter

ANZ (On call)

 

$2,209,014.41

 

30

6.00%

 $4,331.50

0.58%

 $9,014.41

 

Macquarie Global Income Opportunity

 $3,391,851.96

30

-0.15%

-$4,927.16

-0.17%

-$5,920.08

 

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

 $908,330.20

30

-2.66%

-$24,838.09

-$102,994.60

N/A

-5.17%

Longreach

2-2007*

 $997,920.00

30

0.48%

 $4,790.00

-$4,180.00

 $86,615.06

1.23%

Longreach Series 26*

 $443,750.00

30

-1.35%

-$6,050.00

-$52,000.00

 $17,500.00

2.84%

Averon II*

 $415,000.00

30

-0.61%

-$2,550.00

-$85,000.00

 $28,396.10

-0.22%

 

 

 

 

 

 

 

 

 


 

3 Investments held at: November 2011

Institution

 Amount

 Date Invested

Period (Days)

Maturity Date

 Interest Due at maturity

Interest

Days to 30.06.12

Interest to 30.06.12

 

BCCU - No 1

$531,434.50

04/03/11

365

03/03/12

 $34,543.24

6.50%

484

 $45,805.29

 

BCCU - No 2

$723,112.14

27/05/11

1096

27/05/14

 $143,306.96

6.60%

400

 $52,301.81

 

BCCU - No 3

$1,066,847.97

02/06/11

366

02/06/12

 $69,000.22

6.45%

394

 $74,278.92

 

IMB - No 1

$1,000,000.00

22/09/11

133

02/02/12

 $21,024.93

5.77%

282

 $44,579.18

 

IMB - No 2

$1,000,000.00

11/03/11

283

19/12/11

 $48,691.51

6.28%

477

 $82,070.14

 

Bendigo & Adel.- No 1

$1,060,535.47

14/04/11

469

26/07/12

 $84,488.36

6.20%

443

 $79,804.57

 

People's Choice Credit Union- No 1

$595,359.13

08/09/11

168

23/02/12

 $16,167.67

5.90%

296

 $28,485.90

 

Bank of Qld - No. 1

$1,000,109.59

20/03/11

270

15/12/11

 $46,237.94

6.25%

468

 $80,145.77

 

Newcastle Perm.-No 1

$1,233,494.91

25/08/11

238

19/04/12

 $44,639.00

5.55%

310

 $58,143.23

 

ME Bank

$1,000,000.00

06/10/11

154

08/03/12

 $24,049.32

5.70%

268

 $41,852.05

 

NAB - No 2

$1,115,655.59

20/04/11

239

15/12/11

 $45,292.56

6.20%

437

 $82,815.27

 

NAB - No 3

$1,072,443.58

05/07/11

731

05/07/13

 $138,749.52

6.46%

361

 $68,520.62

 

NAB - No 4

$1,135,310.15

28/07/11

196

09/02/12

 $38,224.80

6.27%

338

 $65,918.28

 

NAB - No 5

$800,000.00

05/08/11

286

17/05/12

 $37,485.59

5.98%

330

 $43,252.60

 

NAB - No 6

$1,101,017.99

10/12/10

364

09/12/11

 $72,468.10

6.60%

568

 $113,082.09

 

NAB - No 7

$1,000,000.00

30/06/11

203

19/01/12

 $34,982.74

6.29%

366

 $63,072.33

 

NAB - No 8

$800,000.00

30/06/11

539

20/12/12

 $75,489.53

6.39%

366

 $51,260.05

 

Suncorp - No 1

$886,897.88

09/06/11

187

13/12/11

 $28,489.83

6.27%

387

 $58,960.24

 

Westpac - No 1

$884,435.09

30/06/11

196

12/01/12

 $28,590.76

6.02%

366

 $53,388.86

 

AMP(CPG) - No 1

$1,000,000.00

30/06/11

366

30/06/12

 $62,671.23

6.25%

366

 $62,671.23

 

AMP(CPG) - No 2

$1,000,000.00

22/07/11

272

19/04/12

 $44,712.33

6.00%

344

 $56,547.95

 

AMP(CPG) - No 3

$500,000.00

09/09/11

731

09/09/13

 $60,082.19

6.00%

295

 $24,246.58

 

AMP(CPG) - No 4

$500,000.00

09/09/11

731

09/09/13

 $60,082.19

6.00%

295

 $24,246.58

 

Bendigo & Adel.(CPG)-No 2

$750,000.00

17/06/11

367

18/06/12

 $47,131.85

6.25%

379

 $48,672.95

 

Rabobank(Aust)-No.1

$500,000.00

25/03/11

367

26/03/12

 $33,180.82

6.60%

463

 $41,860.27

 

Rabobank(Aust)-No.2

$1,000,000.00

25/03/11

1832

30/03/16

 $358,871.23

7.15%

463

 $90,697.26

 

Rabobank(Aust)-No.3

$500,000.00

25/11/11

1827

25/11/16

 $155,169.86

6.20%

218

 $18,515.07

 

ANZ (On Call)

$2,209,014.41

30/11/11

31

31/12/11

 $11,256.90

6.00%

213

 $77,345.76

 

Macquarie Income

$3,391,851.96

30/11/11

31

31/12/11

 $17,284.51

6.00%

213

 $118,761.28

(Est.)

UBS Wealth  Aust Ltd

$197,464.20

30/11/11

31

31/12/11

 $838.55

5.00%

213

 $5,761.63

(Est.)

NSW Treasury Corp

$908,330.20

30/11/11

31

31/12/11

 $  -  

0.00%

213

 $  -  

(Est.)

Longreach 2-2007

$997,920.00

30/11/11

31

31/12/11

 $1,695.10

2.00%

213

 $11,646.96

(Est.)

Longreach Series 26

$443,750.00

30/11/11

31

31/12/11

 $ -  

0.00%

213

 $  -  

(Est.)

Averon II

$415,000.00

30/11/11

31

31/12/11

 $ -  

0.00%

213

 $  -  

(Est.)

TOTAL

 $32,319,984.76

 

 

 

 $1,884,899.34

 

 

 $1,768,710.72

 

 


 

4 Interest Earned on Investments: November 2011

Total

Interest earned to date

 

 

 

-$92,923.16

 

 

($92923.16 includes reversal of accrued interest to 30.06.11)

 

Plus

Accrued Interest due to 30/11/11

 

 $701,404.00

 

 

 

 

 

 

 

 

Accrued  to 30/11/11

 

 

 

 $608,480.84

 

 

 

 

 

 

 

 

Plus

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

 

 

 

 $3,810.00

 

 

 

 

 

 

 

 

* Investment Returns to 30/11/11

 

 

 

 $612,290.84

 

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

 

$1,491,607.00

 

 

 

5 Performance Report: November 2011

TERM DEPOSITS

 

 

 

 

 

Institution

Invested Amount

Days  Invested

Date of  Maturity

Interest Rate

Amount of interest due on maturity

Total interest & investment due on maturity

BCCU - No 1

$531,434.50

365

03/03/12

6.50%

$34,543.24

$565,977.74

BCCU - No 2

$723,112.14

1,096

27/05/14

6.60%

$143,306.96

$866,419.10

BCCU - No 3

$1,066,847.97

366

02/06/12

6.45%

$69,000.22

$1,135,848.19

IMB - No 1

$1,000,000.00

133

02/02/12

5.77%

$21,024.93

$1,021,024.93

IMB - No 2

$1,000,000.00

283

19/12/11

6.28%

$48,691.51

$1,048,691.51

Bendigo & Adel. - No 1

$1,060,535.47

469

26/07/12

6.20%

$84,488.36

$1,145,023.83

People's Choice Credit Union- No 1

$595,359.13

168

23/02/12

5.90%

$16,167.67

$611,526.80

Bank of Qld - No. 1

$1,000,109.59

270

15/12/11

6.25%

$46,237.94

$1,046,347.53

Newcastle Perm.-No 1

$1,233,494.91

238

19/04/12

5.55%

$44,639.00

$1,278,133.91

ME Bank

$1,000,000.00

154

08/03/12

5.70%

$24,049.32

$1,024,049.32

NAB - No 2

$1,115,655.59

239

15/12/11

6.20%

$45,292.56

$1,160,948.15

NAB - No 3

$1,072,443.58

731

05/07/13

6.46%

$138,749.52

$1,211,193.10

NAB - No 4

$1,135,310.15

196

09/02/12

6.27%

$38,224.80

$1,173,534.95

NAB - No 5

$800,000.00

286

17/05/12

5.98%

$37,485.59

$837,485.59

NAB - No 6

$1,101,017.99

364

09/12/11

6.60%

$72,468.10

$1,173,486.09

NAB - No 7

$1,000,000.00

203

19/01/12

6.29%

$34,982.74

$1,034,982.74

NAB - No 8

$800,000.00

539

20/12/12

6.39%

$75,489.53

$875,489.53

Suncorp - No 1

$886,897.88

187

13/12/11

6.27%

$28,489.83

$915,387.71

Westpac - No 1

$884,435.09

196

12/01/12

6.02%

$28,590.76

$913,025.85

Bend/Adel.(CPG)-No 2

$750,000.00

367

18/06/12

6.25%

$47,131.85

$797,131.85

AMP (CPG) - No 1

$1,000,000.00

366

30/06/12

6.25%

$62,671.23

$1,062,671.23

AMP (CPG) - No 2

$1,000,000.00

272

19/04/12

6.00%

$44,712.33

$1,044,712.33

AMP (CPG) - No 3

$500,000.00

731

09/09/13

6.00%

$60,082.19

$560,082.19

AMP (CPG) - No 4

$500,000.00

731

09/09/13

6.00%

$60,082.19

$560,082.19

Rabobank(Aust)-No.1

$500,000.00

367

26/03/12

6.60%

$33,180.82

$533,180.82

Rabobank(Aust)-No.2

$1,000,000.00

1,832

30/03/16

7.15%

$358,871.23

$1,358,871.23

Rabobank(Aust)-No.3

$500,000.00

1,827

25/11/16

6.20%

$155,169.86

$655,169.86

Total Term Deposits

$23,756,653.99

 

 

 

$1,853,824.28

$25,610,478.27


 

MANAGED FUNDS- Medium term

 

 

 

 

Blackrock Diversified Credit

 

 

 

 

Anticipated return per month - 5.01%

 

 

 

 

Institution

Date

Investment

Additional Deposits

Performance

Redemptions/ Pay Outs

Current Market Value

Bal Bgt Forward

30/06/2011

$210,451.44

 

 

 

$210,451.44

Returns

31/07/2011

 

 

$3,079.78

 

$213,531.22

Returns

31/08/2011

 

 

$0.00

 

$213,531.22

Returns

30/09/2011

 

 

-$22,585.03

 

$190,946.19

Returns & Distributions

31/10/2011

 

 

$606.04

-$190,788.42

$763.81

Distributions

8/11/2011

 

 

 

-$739.66

$24.15

Returns

30/11/2011

 

 

 

-$24.15

$0.00

 

 

$210,451.44

$0.00

-$18,899.21

-$191,552.23

$0.00

Macquarie Global Income Opportunity

 

 

 

 

Anticipated return per month - 6.00%

 

 

 

 

Institution

Date

Investment

Additional Deposits

Performance

Redemptions/ Pay Outs

Current Market Value

Bal Bgt Forward

30/06/2011

$3,397,772.04

 

 

 

$3,397,772.04

Returns

31/07/2011

 

 

$23,550.79

 

$3,421,322.83

Returns

31/08/2011

 

 

-$44,203.14

 

$3,377,119.69

Returns

30/09/2011

 

 

$1,637.16

 

$3,378,756.85

Returns

31/10/2011

 

 

$18,022.27

 

$3,396,779.12

Returns

30/11/2011

 

 

-$4,927.16

 

$3,391,851.96

 

 

$3,397,772.04

$0.00

-$5,920.08

$0.00

$3,391,851.96

UBS Wealth Management Aust Ltd

Anticipated return per month - 5.00%

Institution

Date

Investment

Additional Deposits

Performance

Redemptions/ Pay Outs

Current Market Value

 

 

 

 

 

 

 

Bal Bgt Forward

30/06/2011

$7,488.94

 

 

 

$7,488.94

Quarterly Management Fee

14/07/2011

 

 

-$424.51

 

$7,064.43

Returns

31/08/2011

 

 

-$363.23

 

$6,701.20

Returns

14/09/2011

 

 

-$320.21

 

$6,380.99

Returns

30/09/2011

 

 

$180.52

 

$6,561.51

Returns

31/10/2011

 

 

-$308.14

 

$6,253.37

Blackrock Distribution

25/10/2011

 

$190,788.42

 

 

$197,041.79

Blackrock Distribution

8/11/2011

 

$739.66

 

 

$197,781.45

Returns

14/11/2011

 

 

-$317.25

 

$197,464.20

 

 

$7,488.94

$191,528.08

-$1,552.82

$0.00

$197,464.20


 


ANZ (On Call)

 

 

 

 

 

 

Anticipated return per month -6.00%

Institution

 

 

Additional

Performance

Redemptions/

Current Market

 

Date

Investment

Deposits

 

Pay Outs

Value

Bal Bgt Forward

30/06/2011

$0.00

 

 

 

$0.00

Investment

9/09/2011

$1,500,000.00

 

$0.00

 

$1,500,000.00

Redemption

14/09/2011

 

 

 

-$300,000.00

$1,200,000.00

Redemption

21/09/2011

 

 

 

-$350,000.00

$850,000.00

Redemption

29/09/2011

 

 

 

-$350,000.00

$500,000.00

Returns

30/09/2011

 

 

$4,331.50

 

$504,331.50

Investment

21/10/2011

$700,000.00

 

 

 

$1,204,331.50

Returns

8/11/2011

 

 

$4,682.91

 

$1,209,014.41

Investment

17/11/2011

$1,000,000.00

 

 

 

$2,209,014.41

 

 

$3,200,000.00

$0.00

$9,014.41

-$1,000,000.00

$2,209,014.41

MANAGED FUNDS- Long Term Funds

NSW Treasury Corp

Anticipated return per month - 0.00%

Institution

Date

Investment

Additional Deposits

Performance

Redemptions/ Pay Outs

Current Market Value

Bal Bgt Forward

30/06/2011

$955,880.45

 

 

 

$955,880.45

Returns

31/07/2011

 

 

-$15,512.71

 

$940,367.74

Returns

31/08/2011

 

 

-$30,117.69

 

$910,250.05

Returns

30/09/2011

 

 

-$10,799.17

 

$899,450.88

Returns

31/10/2011

 

 

$33,717.41

 

$933,168.29

Returns

30/11/2011

 

 

-$24,838.09

 

$908,330.20

 

 

$955,880.45

$0.00

-$47,550.25

$0.00

$908,330.20

Longreach 2-2007 - (Capital Protected)

Anticipated return per month - 2.00%

Institution

Date

Investment

Additional Deposits

Performance

Redemptions/ Pay Outs

Current Market Value

Bal Bgt Forward

30/06/2011

$985,670.00

 

 

 

$985,670.00

Returns

31/07/2011

 

 

-$4,370.00

 

$981,300.00

Returns

31/08/2011

 

 

$4,700.00

 

$986,000.00

Returns

30/09/2011

 

 

$5,460.00

 

$991,460.00

Returns

31/10/2011

 

 

$1,670.00

 

$993,130.00

Returns

30/11/2011

 

 

$4,790.00

 

$997,920.00

 

 

$985,670.00

$0.00

$12,250.00

$0.00

$997,920.00


 

Longreach Series 26 (Capital Protected)

Anticipated return per month - 0.00%

Institution

Date

Investment

Additional Deposits

Performance

Redemptions/ Pay Outs

Current Market Value

Bal Bgt Forward

30/06/2011

$431,150.00

 

 

 

$431,150.00

Returns

31/07/2011

 

 

$4,100.00

 

$435,250.00

Returns

31/08/2011

 

 

$8,800.00

 

$444,050.00

Returns

30/09/2011

 

 

$4,600.00

 

$448,650.00

Returns

31/10/2011

 

 

$1,150.00

 

$449,800.00

Returns

30/11/2011

 

 

-$6,050.00

 

$443,750.00

 

 

$431,150.00

$0.00

$12,600.00

$0.00

$443,750.00

Averon II (Capital Protected)

 

 

 

 

 

Anticipated return per month - 0.00%

 

 

 

 

Institution

Date

Investment

Additional Deposits

Performance

Redemptions/ Pay Outs

Current Market Value

Bal Bgt Forward

30/06/2011

$415,900.00

 

 

 

$415,900.00

Returns

31/07/2011

 

 

-$1,700.00

 

$414,200.00

Returns

31/08/2011

 

 

$700.00

 

$414,900.00

Returns

30/09/2011

 

 

-$3,250.00

 

$411,650.00

Returns

31/10/2011

 

 

$5,900.00

 

$417,550.00

Returns

30/11/2011

 

 

-$2,550.00

 

$415,000.00

 

 

$415,900.00

$0.00

-$900.00

$0.00

$415,000.00

Total Managed Funds-Performance since July, 2011

 

$191,528.08

-$40,957.95

-$1,191,552.23

$8,563,330.77

Total investments for the month

 

 

 

 

 

$32,319,984.76

Total investments on maturity

 

 

 

 

 

$34,173,809.04


 


 

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 2011/2012 based on current performance.

 

 

FINANCIAL IMPLICATIONS:

 

Direct and indirect impact on current and future budgets

 

A review of budgeted interest returns for 2011/2012 will be completed with the September 2011 Budget Review and GPG Research & Advisory 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 2011 Budget Review.  Variances will be distributed between the Water, Sewerage and General Funds for the first quarter of the financial year.

 

 

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