2015-05-26 Planning & Organisation Committee Agenda

PLANNING & ORGANISATION COMMITTEE MEETING AGENDA                                        26 MAY 2015


                    Bendigo                                             A2
        Suncorp       3%                                                3%
         10%
    Westpac                                                                    A1
     3%                                                                       10%
                                                                                         A1+
                                            QTC
                                                                                        (QTC)
                                            40%
                                                                                         40%
                NAB
                26%                                                        A1+
                                                                          (Other)
                              CBA                                          47%
                              18%




The actual interest revenue for the month was $161,006 with a weighted average yield of 2.91%
against the industry benchmark (Bloomberg AusBond Bank Bill Index) of 2.21%. Note that
interest rate yields have fallen with the reduction of the official cash rate by the Reserve Bank of
Australia.

Previous Council Consideration

Nil.

Finance & Risk

A full review of all areas of Council’s budget has been undertaken using the March 2015 YTD
actual results to determine areas of significant variance, and to revise the forecast 30 June
position, though there will not be any negative impact on the forecast operating position.

Consultation
External Consultation - Community & Stakeholder

Nil.

Internal Consultation

All areas of Council are consulted as part of the regular monitoring of budget performance.

Departments/Sections Consulted:

x      Community Services                         x   Planning & Infrastructure
       Disaster Management & Public Order             Building & Plumbing Services
       Waste & Environmental Health                   DA Planning
       Community Facilities                           Strategic Land Use Planning
       Cultural Facilities                            Asset Design & Investigations
                                                      Asset Planning
                                                      Civil Operations
                                                      Environment

x      Executive Office                           x   Corporate Services
       Community Engagement                           Finance
       Customer Service                               ICT
       Executive Support                              Procurement & Fleet
       Governance                                     Property & Facilities
       Human Resources                                Revenue Services



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