Council Minutes - Town of Cambridge

COUNCIL MINUTES
TUESDAY 28 AUGUST 2012
FINANCIAL IMPLICATIONS:
Interest from investments represents a significant revenue item in the Council’s Budget and
it is therefore important that the Council’s investment performance is monitored closely.
Detailed monthly reports together with detailed policy investment guidelines support this.
The Investment Schedule, as circulated, provides details of the performance of each
individual investment to date. A summary of the investment performance to budget is
provided below:
Budget
2011/2012
Actual as at
July 2011 %
Budget
2012/2013
Actual as at
July 2012 %
General * $677,000 $44,954 6.6% $637,400 $39,455 6.2%
Reserves $100,000 $10,429 10.4% $165,000 $9,758 5.9%
Endowment Lands $659,900 $44,540 6.7% $550,000 $44,276 8.1%
Total Investments $1,436,900 $99,923 7.0% $1,352,400 $93,489 6.9%
* Includes Bank Account Interest of $3,865.
STRATEGIC DIRECTION:
The investment of Council funds is consistent with the Strategic Plan's key area of Capacity
to Delivery and its goal of financial sustainability by ensuring strategies are in place for
maintaining the Town's wealth and revenue capacity.
COMMUNITY CONSULTATION:
The investment of Council funds is consistent with the Strategic Plan's key area of Capacity
to Delivery and its goal of financial sustainability by ensuring strategies are in place for
maintaining the Town's wealth and revenue capacity.
ATTACHMENTS:
1. Oakvale Consolidated Investment Report - July 2012
COUNCIL DECISION:
(COMMITTEE AND ADMINISTRATION RECOMMENDATION)
Moved by Cr Langer, seconded by Cr Walker
That the Investment Schedule as at 31 July 2012 forming part of the Notice Paper be
received.
Carried 9/0
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