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
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
General Manager's Report
ITEM 9.12 SF1475 151211 Successful Grant Application - Healthy Communities Initiative for Nambucca Shire
AUTHOR/ENQUIRIES: Colleen Henry, Grants Officer
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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.
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That Council note the Healthy Communities Initiative (Live Healthy Nambucca) to be run in Nambucca Shire.
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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
There are no attachments for this report.
General Manager's Report
ITEM 9.13 SF394 151211 Investment Report to 30 November 2011
AUTHOR/ENQUIRIES: Faye Hawthorne, Accountant
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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 |
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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.
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1 Investments Placed 1 to 30 November 2011 |
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Date |
Amount |
Period (Days) |
Institution Accepted With |
Rate |
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17.11.11 |
$1,000,000.00 |
11 am on call |
ANZ |
6.00% |
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25.11.11 |
$500,000.00 |
5 Years |
RaboDirect |
6.20% |
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2 Investments Matured & Interest & Returns 1 to 30 November 2011 |
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Term Deposits/Bank Bills |
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Institution |
Amount |
Period (Days) |
Rate |
Interest |
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People's Choice Credit Union |
$1,075,159.46 |
370 |
6.33% |
$68,989.89 |
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Managed Funds |
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Institution |
Amount |
Period (Days) |
Performance for Month |
Returns This Month |
Annualised Performance FYTD |
Returns FYTD |
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UBS Wealth M'ment Aust Ltd |
$197,464.20 |
30 |
4.68% |
-$308.14 |
4.99% |
$6,675.78 |
Interest Paid Daily each Quarter |
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ANZ (On call) |
$2,209,014.41 |
30 |
6.00% |
$4,331.50 |
0.58% |
$9,014.41 |
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Macquarie Global Income Opportunity |
$3,391,851.96 |
30 |
-0.15% |
-$4,927.16 |
-0.17% |
-$5,920.08 |
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Long Term Funds |
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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 |
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NSW Treasury Corp |
$908,330.20 |
30 |
-2.66% |
-$24,838.09 |
-$102,994.60 |
N/A |
-5.17% |
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Longreach 2-2007* |
$997,920.00 |
30 |
0.48% |
$4,790.00 |
-$4,180.00 |
$86,615.06 |
1.23% |
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Longreach Series 26* |
$443,750.00 |
30 |
-1.35% |
-$6,050.00 |
-$52,000.00 |
$17,500.00 |
2.84% |
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Averon II* |
$415,000.00 |
30 |
-0.61% |
-$2,550.00 |
-$85,000.00 |
$28,396.10 |
-0.22% |
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3 Investments held at: November 2011 |
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Institution |
Amount |
Date Invested |
Period (Days) |
Maturity Date |
Interest Due at maturity |
Interest |
Days to 30.06.12 |
Interest to 30.06.12 |
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BCCU - No 1 |
$531,434.50 |
04/03/11 |
365 |
03/03/12 |
$34,543.24 |
6.50% |
484 |
$45,805.29 |
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BCCU - No 2 |
$723,112.14 |
27/05/11 |
1096 |
27/05/14 |
$143,306.96 |
6.60% |
400 |
$52,301.81 |
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BCCU - No 3 |
$1,066,847.97 |
02/06/11 |
366 |
02/06/12 |
$69,000.22 |
6.45% |
394 |
$74,278.92 |
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IMB - No 1 |
$1,000,000.00 |
22/09/11 |
133 |
02/02/12 |
$21,024.93 |
5.77% |
282 |
$44,579.18 |
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IMB - No 2 |
$1,000,000.00 |
11/03/11 |
283 |
19/12/11 |
$48,691.51 |
6.28% |
477 |
$82,070.14 |
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Bendigo & Adel.- No 1 |
$1,060,535.47 |
14/04/11 |
469 |
26/07/12 |
$84,488.36 |
6.20% |
443 |
$79,804.57 |
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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 |
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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 |
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Newcastle Perm.-No 1 |
$1,233,494.91 |
25/08/11 |
238 |
19/04/12 |
$44,639.00 |
5.55% |
310 |
$58,143.23 |
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ME Bank |
$1,000,000.00 |
06/10/11 |
154 |
08/03/12 |
$24,049.32 |
5.70% |
268 |
$41,852.05 |
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NAB - No 2 |
$1,115,655.59 |
20/04/11 |
239 |
15/12/11 |
$45,292.56 |
6.20% |
437 |
$82,815.27 |
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NAB - No 3 |
$1,072,443.58 |
05/07/11 |
731 |
05/07/13 |
$138,749.52 |
6.46% |
361 |
$68,520.62 |
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NAB - No 4 |
$1,135,310.15 |
28/07/11 |
196 |
09/02/12 |
$38,224.80 |
6.27% |
338 |
$65,918.28 |
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NAB - No 5 |
$800,000.00 |
05/08/11 |
286 |
17/05/12 |
$37,485.59 |
5.98% |
330 |
$43,252.60 |
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NAB - No 6 |
$1,101,017.99 |
10/12/10 |
364 |
09/12/11 |
$72,468.10 |
6.60% |
568 |
$113,082.09 |
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NAB - No 7 |
$1,000,000.00 |
30/06/11 |
203 |
19/01/12 |
$34,982.74 |
6.29% |
366 |
$63,072.33 |
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NAB - No 8 |
$800,000.00 |
30/06/11 |
539 |
20/12/12 |
$75,489.53 |
6.39% |
366 |
$51,260.05 |
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Suncorp - No 1 |
$886,897.88 |
09/06/11 |
187 |
13/12/11 |
$28,489.83 |
6.27% |
387 |
$58,960.24 |
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Westpac - No 1 |
$884,435.09 |
30/06/11 |
196 |
12/01/12 |
$28,590.76 |
6.02% |
366 |
$53,388.86 |
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AMP(CPG) - No 1 |
$1,000,000.00 |
30/06/11 |
366 |
30/06/12 |
$62,671.23 |
6.25% |
366 |
$62,671.23 |
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AMP(CPG) - No 2 |
$1,000,000.00 |
22/07/11 |
272 |
19/04/12 |
$44,712.33 |
6.00% |
344 |
$56,547.95 |
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AMP(CPG) - No 3 |
$500,000.00 |
09/09/11 |
731 |
09/09/13 |
$60,082.19 |
6.00% |
295 |
$24,246.58 |
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AMP(CPG) - No 4 |
$500,000.00 |
09/09/11 |
731 |
09/09/13 |
$60,082.19 |
6.00% |
295 |
$24,246.58 |
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Bendigo & Adel.(CPG)-No 2 |
$750,000.00 |
17/06/11 |
367 |
18/06/12 |
$47,131.85 |
6.25% |
379 |
$48,672.95 |
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Rabobank(Aust)-No.1 |
$500,000.00 |
25/03/11 |
367 |
26/03/12 |
$33,180.82 |
6.60% |
463 |
$41,860.27 |
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Rabobank(Aust)-No.2 |
$1,000,000.00 |
25/03/11 |
1832 |
30/03/16 |
$358,871.23 |
7.15% |
463 |
$90,697.26 |
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Rabobank(Aust)-No.3 |
$500,000.00 |
25/11/11 |
1827 |
25/11/16 |
$155,169.86 |
6.20% |
218 |
$18,515.07 |
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ANZ (On Call) |
$2,209,014.41 |
30/11/11 |
31 |
31/12/11 |
$11,256.90 |
6.00% |
213 |
$77,345.76 |
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Macquarie Income |
$3,391,851.96 |
30/11/11 |
31 |
31/12/11 |
$17,284.51 |
6.00% |
213 |
$118,761.28 |
(Est.) |
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UBS Wealth Aust Ltd |
$197,464.20 |
30/11/11 |
31 |
31/12/11 |
$838.55 |
5.00% |
213 |
$5,761.63 |
(Est.) |
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NSW Treasury Corp |
$908,330.20 |
30/11/11 |
31 |
31/12/11 |
$ - |
0.00% |
213 |
$ - |
(Est.) |
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Longreach 2-2007 |
$997,920.00 |
30/11/11 |
31 |
31/12/11 |
$1,695.10 |
2.00% |
213 |
$11,646.96 |
(Est.) |
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Longreach Series 26 |
$443,750.00 |
30/11/11 |
31 |
31/12/11 |
$ - |
0.00% |
213 |
$ - |
(Est.) |
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Averon II |
$415,000.00 |
30/11/11 |
31 |
31/12/11 |
$ - |
0.00% |
213 |
$ - |
(Est.) |
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TOTAL |
$32,319,984.76 |
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$1,884,899.34 |
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$1,768,710.72 |
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4 Interest Earned on Investments: November 2011 |
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Total |
Interest earned to date |
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-$92,923.16 |
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($92923.16 includes reversal of accrued interest to 30.06.11) |
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Plus |
Accrued Interest due to 30/11/11 |
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$701,404.00 |
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Accrued to 30/11/11 |
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$608,480.84 |
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Plus |
Year to date unrealised changes in Net Asset Value of Capital Protected Securities |
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$3,810.00 |
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* Investment Returns to 30/11/11 |
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$612,290.84 |
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Amount of interest expected from all funds and reserves as per Budget |
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$1,491,607.00 |
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5 Performance Report: November 2011 |
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TERM DEPOSITS |
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Institution |
Invested Amount |
Days Invested |
Date of Maturity |
Interest Rate |
Amount of interest due on maturity |
Total interest & investment due on maturity |
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BCCU - No 1 |
$531,434.50 |
365 |
03/03/12 |
6.50% |
$34,543.24 |
$565,977.74 |
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BCCU - No 2 |
$723,112.14 |
1,096 |
27/05/14 |
6.60% |
$143,306.96 |
$866,419.10 |
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BCCU - No 3 |
$1,066,847.97 |
366 |
02/06/12 |
6.45% |
$69,000.22 |
$1,135,848.19 |
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IMB - No 1 |
$1,000,000.00 |
133 |
02/02/12 |
5.77% |
$21,024.93 |
$1,021,024.93 |
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IMB - No 2 |
$1,000,000.00 |
283 |
19/12/11 |
6.28% |
$48,691.51 |
$1,048,691.51 |
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Bendigo & Adel. - No 1 |
$1,060,535.47 |
469 |
26/07/12 |
6.20% |
$84,488.36 |
$1,145,023.83 |
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People's Choice Credit Union- No 1 |
$595,359.13 |
168 |
23/02/12 |
5.90% |
$16,167.67 |
$611,526.80 |
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Bank of Qld - No. 1 |
$1,000,109.59 |
270 |
15/12/11 |
6.25% |
$46,237.94 |
$1,046,347.53 |
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Newcastle Perm.-No 1 |
$1,233,494.91 |
238 |
19/04/12 |
5.55% |
$44,639.00 |
$1,278,133.91 |
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ME Bank |
$1,000,000.00 |
154 |
08/03/12 |
5.70% |
$24,049.32 |
$1,024,049.32 |
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NAB - No 2 |
$1,115,655.59 |
239 |
15/12/11 |
6.20% |
$45,292.56 |
$1,160,948.15 |
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NAB - No 3 |
$1,072,443.58 |
731 |
05/07/13 |
6.46% |
$138,749.52 |
$1,211,193.10 |
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NAB - No 4 |
$1,135,310.15 |
196 |
09/02/12 |
6.27% |
$38,224.80 |
$1,173,534.95 |
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NAB - No 5 |
$800,000.00 |
286 |
17/05/12 |
5.98% |
$37,485.59 |
$837,485.59 |
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NAB - No 6 |
$1,101,017.99 |
364 |
09/12/11 |
6.60% |
$72,468.10 |
$1,173,486.09 |
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NAB - No 7 |
$1,000,000.00 |
203 |
19/01/12 |
6.29% |
$34,982.74 |
$1,034,982.74 |
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NAB - No 8 |
$800,000.00 |
539 |
20/12/12 |
6.39% |
$75,489.53 |
$875,489.53 |
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Suncorp - No 1 |
$886,897.88 |
187 |
13/12/11 |
6.27% |
$28,489.83 |
$915,387.71 |
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Westpac - No 1 |
$884,435.09 |
196 |
12/01/12 |
6.02% |
$28,590.76 |
$913,025.85 |
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Bend/Adel.(CPG)-No 2 |
$750,000.00 |
367 |
18/06/12 |
6.25% |
$47,131.85 |
$797,131.85 |
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AMP (CPG) - No 1 |
$1,000,000.00 |
366 |
30/06/12 |
6.25% |
$62,671.23 |
$1,062,671.23 |
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AMP (CPG) - No 2 |
$1,000,000.00 |
272 |
19/04/12 |
6.00% |
$44,712.33 |
$1,044,712.33 |
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AMP (CPG) - No 3 |
$500,000.00 |
731 |
09/09/13 |
6.00% |
$60,082.19 |
$560,082.19 |
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AMP (CPG) - No 4 |
$500,000.00 |
731 |
09/09/13 |
6.00% |
$60,082.19 |
$560,082.19 |
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Rabobank(Aust)-No.1 |
$500,000.00 |
367 |
26/03/12 |
6.60% |
$33,180.82 |
$533,180.82 |
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Rabobank(Aust)-No.2 |
$1,000,000.00 |
1,832 |
30/03/16 |
7.15% |
$358,871.23 |
$1,358,871.23 |
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Rabobank(Aust)-No.3 |
$500,000.00 |
1,827 |
25/11/16 |
6.20% |
$155,169.86 |
$655,169.86 |
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Total Term Deposits |
$23,756,653.99 |
|
|
|
$1,853,824.28 |
$25,610,478.27 |
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MANAGED FUNDS- Medium term |
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Blackrock Diversified Credit |
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Anticipated return per month - 5.01% |
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Institution |
Date |
Investment |
Additional Deposits |
Performance |
Redemptions/ Pay Outs |
Current Market Value |
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Bal Bgt Forward |
30/06/2011 |
$210,451.44 |
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|
|
$210,451.44 |
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Returns |
31/07/2011 |
|
|
$3,079.78 |
|
$213,531.22 |
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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.
There are no attachments for this report.