Council Minutes - Town of Cambridge

COUNCIL MINUTESTUESDAY 26 JUNE 2012The investment performance as at the end of May 2012 is as follows:Term(Days) RatingCurrentInterestRateMay 2012IncomeTotal AmountInvested% ofFundsInvestedFloating Rate Notes .Emerald Reverse Mortgage "A" 4.49% $3,554 $930,434 4.41%Sub-total $3,554 $930,434 4.41%Term Deposits and Bank BillsING - Term Deposit 181 "A1" 5.97% $2,799 $561,702 2.67%ING - Term Deposit 183 "A1" 5.98% $5,079 $1,019,005 4.83%ING - Term Deposit 120 "A1" 6.02% $2,556 $506,597 2.40%ING - Term Deposit 120 "A1" 6.02% $2,556 $506,597 2.40%ING - Term Deposit 210 "A1" 6.05% $8,735 $1,712,680 8.13%BANKWEST - Term Deposit 91 "A1+" 5.70% $2,580 $537,208 2.55%BANKWEST - Term Deposit 90 "A1+" 5.80% $2,818 $579,811 2.75%BANKWEST - Term Deposit 89 "A1+" 5.80% $1,369 $281,626 1.34%BANKWEST - Term Deposit 181 "A1+" 5.85% $411 $83,864 0.40%BANKWEST - Term Deposit Matured "A1+" $561BANKWEST - Term Deposit 120 "A1+" 5.80% $2,463 $508,581 2.41%BANKWEST - Term Deposit 117 "A1+" 5.80% $4,926 $1,015,732 4.82%NAB - Term Deposit 180 "A1+" 5.19% $2,654 $2,335,904 11.08%NAB - Term Deposit Matured "A1+" $8,121 0.00%NAB - Term Deposit 183 "A1+" 5.83% $4,083 $846,187 4.01%NAB - Term Deposit 183 "A1+" 5.81% $2,659 $553,566 2.63%NAB - Term Deposit Matured "A1+" $4,449NAB - Term Deposit 91 "A1+" 5.18% $434 $1,019,343 4.84%WESTPAC - Term Deposit 183 "A1+" 5.85% $4,968 $1,028,529 4.88%WESTPAC - Term Deposit 140 "A1+" 5.92% $5,028 $1,015,246 4.82%WESTPAC - Term Deposit 184 "A1+" 6.10% $6,010 $1,176,866 5.58%StGeorge - Term Deposit 182 "A1+" 5.89% $3,667 $750,388 3.56%Suncorp - Term Deposit Matured "A1" $4,253Suncorp - Term Deposit 60 "A1" 4.92% $1,956 $1,321,093 6.27%Suncorp - Term Deposit 120 "A1" 5.77% $3,765 $772,949 3.67%Suncorp - Term Deposit 183 "A1" 5.85% $9,937 $2,012,501 9.55%Sub-total $98,838 $20,145,976 95.59%76.10%Total Investments $102,392 $21,076,411 100.00%Weighted Average 145 5.67%POLICY/STATUTORY IMPLICATIONS:The general, reserves and Endowment Lands funds are invested in accordance with theguidelines set down in the Town’s Policy No. 3.2.5 – Investment.FINANCIAL IMPLICATIONS:Interest from investments represents a significant revenue item in the Council’s Budget and it istherefore important that the Council’s investment performance is monitored closely. Detailedmonthly reports together with detailed policy investment guidelines support this.H:\CEO\GOV\COUNCIL MINUTES\12 MINUTES\JUNE 2012\C CR.DOCX 157