ordinary meeting of council to be held on tuesday, 26 april 2005 at ...

Ordinary Meeting <strong>of</strong> Council -26 April 2005 5 / 3
Item 5
S02722
1 April 2005
• Summary <strong>of</strong> Borrowings
This is a summary <strong>of</strong> Council’s borrowings. It lists each <strong>of</strong> Council’s loans, original amounts
borrowed, principal repayments made, outstanding balances, interest rates and maturity dates.
March 2005
Management <strong>of</strong> General Fund Bank Balance
During March Council had an inflow <strong>of</strong> funds <strong>of</strong> $2,850,000. During the month <strong>of</strong> March funds
were received from the third rate installment which fell due on 28 February 2005, and Section 94
contributions, <strong>to</strong>taling $1,768,800.
Management <strong>of</strong> General Fund Bank Balance
$1,800,000
$1,400,000
$1,000,000
$600,000
$200,000
-$200,000
-$600,000
Mar-05
Mar-04
Days in Month
Funds Performance against the UBS Bank Bill Index
The weighted average return for the <strong>to</strong>tal portfolio <strong>of</strong> managed funds during March was 6.25%
compared <strong>to</strong> the <strong>be</strong>nchmark <strong>of</strong> the UBS Bank Bill Index <strong>of</strong> 5.67%.
A summary <strong>of</strong> each funds performance is shown in the following table.
Fund Manager
Terms
Opening
Balance
Cash flow
Movement
Income
Earned
(net <strong>of</strong> fees)
Closing
Balance
Interest
Rate
BT Institutional Managed Cash At Call $1,650,380 ($50,000) $8,155 $1,608,535 5.69%
Deutsche Income Fund At Call $3,508,876 $1,150,000 $20,160 $4,679,037 6.05%
Macquarie Income Plus Fund At Call $3,829,729 $850,000 $21,617 $4,701,345 6.60%
Perpetual Credit Enhanced Cash At Call $4,463,108 $900,000 $26,028 $5,389,138 6.66%
Turramurra Community Bank
Term
Deposit
$500,000 - $2,358 $500,000 5.66%
CBA Loan Offset No 1 Offset $1,170,000 - $5,125 $1,170,000 5.39%
CBA Loan Offset No 2 Offset $1,430,000 - $6,264 $1,430,000 5.39%
TOTALS $16,552,093 $2,850,000 $89,707 $19,478,055
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