Council Minutes - Town of Cambridge

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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
COUNCIL MINUTESTUESDAY 26 JUNE 2012The Investment Schedule, as circulated, provides details of the performance of each individualinvestment to date. A summary of the investment performance to budget is provided below:Budget2010/2011Actual as atMay 2011 %Budget2011/2012Actual as atMay 2012 %General * $554,500 $665,546 122.2% $677,000 $682,472 100.8%Reserves $304,200 $211,790 69.6% $100,000 $128,948 128.9%Endowment Lands $576,400 $515,179 89.4% $659,900 $598,772 90.7%Total Investments $1,425,100 $1,392,515 97.7% $1,436,900 $1,410,192 98.1%* Includes Bank Account Interest of $64,603 and Ocean Mia late settlement penalty interest of$2,823.STRATEGIC DIRECTION:The investment of Council funds is consistent with the Strategic Plan's key area of Capacity toDelivery and its goal of financial sustainability by ensuring strategies are in place formaintaining 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 toDelivery and its goal of financial sustainability by ensuring strategies are in place formaintaining the Town's wealth and revenue capacity.ATTACHMENTS:1. Oakvale Consolidated Investment Report - May 2012COUNCIL DECISION:(COMMITTEE AND ADMINISTRATION RECOMMENDATION)Moved by Cr Langer, seconded by Cr CarrThat the Investment Schedule as at 31 May 2012 forming part of the Notice Paper bereceived.Carried 9/0H:\CEO\GOV\COUNCIL MINUTES\12 MINUTES\JUNE 2012\C CR.DOCX 158
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Council Minutes - Town of Cambridge

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