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

Ordinary Meeting of Council - 27 February 2007 4 / 6
Item 4
S02722
13 February 2007
Total Investment Portfolio 2006/2007
63,000,000
59,000,000
55,000,000
51,000,000
47,000,000
43,000,000
39,000,000
35,000,000
31,000,000
27,000,000
23,000,000
July
August
September
October
November
December
January
February
March
April
May
June
During January 2007 Council’s investment portfolio decreased by $4,700,000.
Council’s closing investment portfolio after interest and fees of $46,459,400 in January 2007 is
$10,092,500 higher than the July 2006 opening balance of $36,366,900.
Summary of Borrowings
There were no loan repayments made in January leaving total debt at $10,299,160.
Lender
Loan
Number
Original
Principal
Principal
Repayments
Balance
Outstanding
Interest
Rate
Draw Down
Date
Maturity
Date
Westpac 127 $1,000,000 $807,641 $192,359 6.32% 29-Jun-98 29-Jun-08
CBA No 1 128 $2,600,000 $1,950,000 $650,000 6.56% 29-Jun-99 13-Jun-09
CBA No 2 129 $2,600,000 $1,690,000 $910,000 6.56% 13-Jun-00 14-Jun-10
CBA 130 $2,600,000 $1,229,331 $1,370,669 6.32% 26-Jun-01 28-Jun-11
NAB 131 $2,600,000 $956,850 $1,643,150 6.85% 27-Jun-02 27-Jun-12
Westpac 132 $1,882,000 $552,510 $1,329,490 5.16% 27-Jun-03 27-Jun-13
CBA 133 $1,800,000 $349,402 $1,450,598 6.36% 23-Jun-04 23-Jun-14
Westpac 134 $1,600,000 $183,495 $1,416,505 6.05% 29-Jun-05 30-Jun-15
NAB 135 $1,400,000 $63607 $1,336,393 6.48% 30-Jun-06 29-Jun-16
TOTAL $18,082,000 $7,782,836 $10,299,164
Capital Works Projects
During January 2007, Council expended $968,200 on capital works, which compares to $874,000
during January 2006, an increase of $94,200.
Council’s 2006/2007 total revised budget for capital works is $28,395,400, which leaves funds of
$22,639,800 unexpended at the end of January. $11,300,000 relates to the Depot relocation.
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