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2022-08-15 General Committee Meeting Agenda
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GENERAL COMMITTEE MEETING AGENDA 15 AUGUST 2022
Page 102 of 122
GENERAL COMMITTEE MEETING AGENDA 15 AUGUST 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% [45% ——___
0.8%
ote 2. 10% | Sey. i
~ | | i
ena C \ “ |
A .
0.2% \ 7 i NF OF a
0.0% i. i il ‘ 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 c t
Council has achieved returns above the full year Bloomberg bond rate of 0.09%+ a Sey ee eee for th : 6 and 12 thi
0.25% margin. With interest rates and long-term bond rates starting to rise in May - “i ye ee ee - he — am TY
& June, Council's investment return, compared to the June index (0.58%) has Cyess ere appropriate recovery action will be taken
started to fall behind target.
Manzgement are currently in the process of investing surplus cash into higher
yielding products in line with Council's investment policy to maximise returns.
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