Header Logo

Extraordinary Council Meeting

24 May 2016

 

Item No:         Item 17

Subject:         Investment Report April 2016 for the former Leichhardt Council  

File Ref:         16/4718/57414.16         

Prepared By: David Murray – Manager Financial Services, Leichhardt  

Authorised By: Matthew Phillips -   Director Corporate and Information Services, Leichhardt

 

SUMMARY

To report the balance of investments held as at April 2016.  This report is required to be reported monthly to Council under s212 of the Local Government (General) Regulation 2012.

 

 

RECOMMENDATION

 

THAT:

1.       the Investment Report for April 2016 for the former Leichhardt Council be received and noted; and

2.       the Certificate of the Responsible Accounting Officer for the former Leichhardt Council be received and noted.

 

 

 

BACKGROUND

All investments as at 30 April 2016 have been made in accordance with Council’s Investment Policy. All investments meet the requirements of s625 of the Local Government Act and the Local Government (General) Regulation.

The economic climate and financial markets are being closely monitored by Council. Appropriate adjustments to the investment strategy will continue to be made as required.  In this regard, Council will continue to seek independent financial advice to ensure an appropriate investment portfolio.

This Report is structured as follows:

1.    Statement of Investments as at 30 April 2016 (ATTACHMENT 1)

2.    Investment Portfolio Credit Rating and Institutional Credit Exposure (ATTACHMENT 2)

3.    Investment Commentary – General Performance (ATTACHMENT 3)

 

 

FINANCIAL IMPLICATIONS

Nil.

 

 

OTHER STAFF COMMENTS

Nil.

 

 

PUBLIC CONSULTATION

Nil.

 

 

ATTACHMENTS

1.View

Statement of Investments as at 30 April 2016

2.View

Investment Portfolio Credit Rating and Institutional Credit Exposure

3.View

Investment Commentary