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27 February 2007 - Ordinary Meeting of Council (pdf. 14MB)

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<strong>Ordinary</strong> <strong>Meeting</strong> <strong>of</strong> <strong>Council</strong> - <strong>27</strong> <strong>February</strong> <strong>2007</strong> 4 / 1<br />

Item 4<br />

S0<strong>27</strong>22<br />

13 <strong>February</strong> <strong>2007</strong><br />

INVESTMENT & LOAN LIABILITY AS AT<br />

31 JANUARY <strong>2007</strong><br />

EXECUTIVE SUMMARY<br />

PURPOSE OF REPORT:<br />

To present to <strong>Council</strong> investment allocations,<br />

returns on investments and details <strong>of</strong> loan<br />

liabilities for January <strong>2007</strong>.<br />

BACKGROUND:<br />

<strong>Council</strong>’s investments are made in accordance<br />

with the Local Government Act (1993), the<br />

Local Government (General) Regulation 2005<br />

and <strong>Council</strong>’s Investment Policy which was<br />

adopted by <strong>Council</strong> on 18 July 2006 (Minute<br />

No.254).<br />

COMMENTS:<br />

The Reserve Bank <strong>of</strong> Australia (RBA)<br />

maintained the <strong>of</strong>ficial cash rate at 6.25% during<br />

the month <strong>of</strong> January.<br />

RECOMMENDATION:<br />

That the summary <strong>of</strong> investments and loan<br />

liabilities for January <strong>2007</strong> be received and<br />

noted.<br />

N:\0702<strong>27</strong>-OMC-SR-03650-INVESTMENT LOAN LIABILIT.doc/athaide /1

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