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2023-02-13 General Committee Meeting Agenda
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GENERAL COMMITTEE MEETING AGENDA 13 FEBRUARY 2023
Page 62 of 70
GENERAL COMMITTEE MEETING AGENDA 13 FEBRUARY 2023
OUR FINANCES
Measure Measure
investment return 0.25% above benchmark (UBS Bank Bill index) Rate arrears ratio <5%
Perk fi d fund Purpose
t t ; . . ;
SRormance Of tnvestce (etepayer tunes Measures the efficiency of Council's collection of rates and cherges
1.0% —— — =
95% | eee
_ i a _—
| -
0.4% ° :
PANE De / ee
0.2% c rl i + — fs, 5%
' pees _ 68
0.0% iE Ud ee
July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June
Comment 0% = —— rT es T T T T T T T rT 1
Council has achieved returns above the year to date Bloomberg bond rate of July Aug Sept Od Nov Dec Jan Feb Mar Apr May June
2.95%+ 0.25% margin. With interest rates and long-term bond rates continuing to
rise, Council has invested surplus cash into higher yielding term deposits to Comment oo,
maximise returns on investment. Management will continue to monitor investment Rates arrears are in line with performance for the previous 6 and 12 monthly
opportunities and may look to invest further surplus cash in line with Council's cycles. V/here appropriate recovery action will be taken.
investment policy to maximise returns.
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