27 February 2007 - Ordinary Meeting of Council (pdf. 14MB)
27 February 2007 - Ordinary Meeting of Council (pdf. 14MB)
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 / 7<br />
Item 4<br />
S0<strong>27</strong>22<br />
13 <strong>February</strong> <strong>2007</strong><br />
The following graph compares the gross cumulative monthly expenditure totals for capital works<br />
for financial years 2005/2006 and 2006/<strong>2007</strong>.<br />
Capital Works Projects<br />
$8,000,000<br />
$7,000,000<br />
$6,000,000<br />
$5,000,000<br />
$4,000,000<br />
$3,000,000<br />
$2,000,000<br />
$1,000,000<br />
$-<br />
2005/2006<br />
2006/<strong>2007</strong><br />
July<br />
August<br />
September<br />
October<br />
November<br />
December<br />
January<br />
<strong>February</strong><br />
March<br />
April<br />
May<br />
June<br />
CONSULTATION<br />
Not applicable<br />
FINANCIAL CONSIDERATIONS<br />
The Reserve Bank <strong>of</strong> Australia (RBA) maintained the <strong>of</strong>ficial cash rate at 6.25% during the month<br />
<strong>of</strong> January.<br />
CONSULTATION WITH OTHER COUNCIL DEPARTMENTS<br />
Not applicable.<br />
SUMMARY<br />
As at 31 January <strong>2007</strong>:<br />
• <strong>Council</strong>’s total investment portfolio is $46,459,400. This compares to an opening balance <strong>of</strong><br />
$36,366,900 as at 1 July 2006, an increase <strong>of</strong> $10,092,500.<br />
• <strong>Council</strong>’s interest on investments totals $1,646,000. This compares to the year to date budget <strong>of</strong><br />
$1,612,000.<br />
• <strong>Council</strong>’s total debt stands at $10,299,160.<br />
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