2013-05-28-council-agenda - Taupo District Council
2013-05-28-council-agenda - Taupo District Council
2013-05-28-council-agenda - Taupo District Council
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^//^<br />
ill) Uquldlty Risk<br />
External Debt subject to refinancing before:<br />
30 April 2014<br />
30 April 2015<br />
30 April 2016<br />
30 April 2017<br />
30 April 2018<br />
30 April 2019<br />
30 April 2020<br />
Target - no more than $25M or 50% of<br />
external debt (whichever Is highest)<br />
wlBiln the next 12 months.<br />
Actual $<br />
65,000,000<br />
25,000,000<br />
25,000,000<br />
0<br />
25,000,000<br />
30,000,000<br />
0<br />
_1?P,000,000<br />
Actual %<br />
38%<br />
15%<br />
15%<br />
0%<br />
15%<br />
18%<br />
_Q%<br />
-100%<br />
Performance<br />
/<br />
N/A<br />
N/A<br />
N/A<br />
N/A<br />
N/A<br />
N/A<br />
iv) Bank Loan Facilities<br />
In December 2012, the BNZ facility was increased to $20 million facility, a Westpac facility of $10m Is also in place. We have Issued $140m of<br />
Floating Rate Notes under our Debenture Trust Deed, $80m of which is currently from LGFA. We have also established a Commercial Paper<br />
programme and currently have $30m issued under that programme.<br />
v) Interest Rate Risk<br />
Debt on fixed interest rate as at:<br />
30.04.<strong>2013</strong> (Actual)<br />
30.06.<strong>2013</strong><br />
30.06.2014<br />
30.06.2015<br />
30.06.2016<br />
30.06.2017<br />
30.06.2018<br />
30.06.2019<br />
30.06.2020<br />
30.06.2021<br />
30.06,2022<br />
Total debt<br />
with a fixed<br />
rate profile *<br />
169,019,800<br />
179,000,000<br />
154,000,000<br />
149,000,000<br />
149,000,000<br />
139,000,000<br />
137,000,000<br />
130,000,000<br />
45,000,000<br />
0<br />
0<br />
Target %<br />
50 - 100%<br />
50 -100%<br />
30 -100%<br />
30 -100%<br />
20-100%<br />
20-100%<br />
0-10(»%<br />
0-100%<br />
0-100%<br />
0 -100%<br />
0 -100%<br />
Actual %<br />
99.2%<br />
99.4%<br />
85.5%<br />
82.5%<br />
84.5%<br />
80.1%<br />
78.7%<br />
78.5%<br />
<strong>28</strong>.4%<br />
0.0%<br />
0.0%<br />
Performance<br />
vr<br />
./<br />
Based on Interest rate swap arrangements currently In place and LTP 2012-22 forecast debt levels.<br />
vl) Performance<br />
2012/13<br />
2011/12<br />
2010/11<br />
2009/10<br />
Peribnnance<br />
Weighted Average Borrowing Cost (%) - Current<br />
Weighted Average Borrowing Cost (%} - Closing<br />
Budget New Borrowing Cost (%) - Annual Plan<br />
6.29%<br />
6.25%<br />
6.21%<br />
5.79%<br />
6.20%<br />
5.68%<br />
5,63%<br />
7.24%<br />
Interest costs monthly<br />
Interest costs YTD<br />
Net Funds borrowed YTD<br />
Actual $<br />
873,730<br />
8,511,419<br />
5,733,200<br />
Budget $<br />
930,250<br />
9,302,500<br />
7,660,833<br />
Variance<br />
over/(under)<br />
budget<br />
(56,520)<br />
(791,082)<br />
(1,927,633)<br />
Performance<br />
./<br />
^<br />
V'<br />
4. CASH MANAGEMENT<br />
I) Daily bank balance<br />
Daily bank balance to be between $0 - $100,000<br />
Exceeded range > $100k<br />
Overdraft < $0<br />
\ No of<br />
instances<br />
bank balance<br />
outside<br />
target range<br />
(Month)<br />
8<br />
0<br />
Unplanned<br />
overdraft costs<br />
(Month)<br />
N/A<br />
$0.00<br />
Performance<br />
./
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