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2022-11-14 General Committee Meeting Agenda
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GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2022
Page 59 of 62
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2022
OUR FINANCES
Measure Measure
Investment return 0.25% above benchmark (UBS Bank Bill index) Rate arrears ratio <5%
Purpose Purpose
Performance of invested ratepayer funds Measures the efficiency of Council's collection of rates and charges
1.0% 415%
0.8% -
0.6% i * — 10% + . ——————_j- x
0.4% lel ia ey ™ >, Ps
BR s% at
0.2% 5 ie Se ee
0.0% | le fn ae a
July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June 0% - iy Ceca aaa teeth
July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June
Comment
Council has achieved returns above the year to date Bloomberg bond rate of Comment
4.70%+ 0.25% margin. With interest rates and long-term bond rates continuing to Rates arrears are in line with performance for the previous 6 and 12 monthly
rise, Council has invested surplus cash into higher yielding term deposits to cycles. Where appropriate recovery action will be taken.
maximise returns on investment. Management will continue to monitor investment
opportunities and may look to invest further surplus cash in line with Council's
investment policy to maximise returns.
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