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2022-05-16 General Committee Meeting Agenda
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GENERAL COMMITTEE MEETING AGENDA 16 MAY 2022
Page 93 of 96
GENERAL COMMITTEE MEETING AGENDA 16 MAY 2022
OUR FINANCES
‘Measure ‘Measure
Investment return 0.25% above benchmark (UBS Bank Bill index) Rate arrears ratio <5%
Purpose : Purpose es —
Performance of invested ratepayer funds Measures the efficiency of Council's collection of rates and charges
1.0% 15%
0.8% {—_______—
zit, we 10% Pn
meta Pn | /
0.4% e7 - : / ) / —
YALL N\A 6 A
0.0% 7 : + . . 0%
July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June
Comment Comment
While long-term bond and interest rates continue to remain low due to current Rates arrears continue to decline from the high point in the cycle however they
economic conditions, Council's investment return remains above target. QTC’s at remain slightly above target. Reminder notices will be issued in April and arrears will
call rate is currently 0.78%. Council continues to monitor investment rates to continue to stabilise through to June. Recovery action may be considered where
ensure return on funds is maximised appropriate.
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