The Investment Policy of the City, which is reviewed each year by the Audit and Risk Committee of Council, is structured so as to minimise any risks associated with the City’s cash investments. The officers adhere to this Policy, and continuously monitor market conditions to ensure that the City obtains attractive yields without compromising on risk management. Conclusion The Investment Report is presented to Council. Attachments Investment Report for the period ended 31 January 2014 Lending Arrangements with Treasury Corporation 26 February 2014 Council Applicant City of Nedlands Officer Rajah Senathirajah Manager Finance – CEO Greg Trevaskis CEO Signature File Reference CRS/073 Previous Item Nil Executive Summary The City of Nedlands currently has five loans from the Western Australian Treasury Corporation (WATC), each covered by a separate Loan Agreement. WATC has now proposed that all the existing loans be governed by a Local Government Master Lending Agreement (LGMLA) for the City of Nedlands. Recommendation to Council Council resolves: That the City of Nedlands enters into a Master Lending Agreement with Western Australian Treasury Corporation as per the document tabled at this meeting; To approve the affixation of the Common Seal of the City of Nedlands to the said Master Lending Agreement in the presence of
The Investment Policy of the City, which is reviewed each year by the Audit and Risk Committee of Council, is structured so as to minimise any risks associated with the City’s cash investments. The officers adhere to this Policy, and continuously monitor market conditions to ensure that the City obtains attractive yields without compromising on risk management. Conclusion The Investment Report is presented to Council. Attachments Investment Report for the period ended 31 January 2014 Lending Arrangements with Treasury Corporation Council 26 February 2014 Applicant City of Nedlands Officer Rajah Senathirajah – Manager Finance CEO Greg Trevaskis CEO Signature File Reference CRS/073 Previous Item Nil Executive Summary The City of Nedlands currently has five loans from the Western Australian Treasury Corporation (WATC), each covered by a separate Loan Agreement. WATC has now proposed that all the existing loans be governed by a Local Government Master Lending Agreement (LGMLA) for the City of Nedlands. Recommendation to Council Council resolves: That the City of Nedlands enters into a Master Lending Agreement with Western Australian Treasury Corporation as per the document tabled at this meeting; To approve the affixation of the Common Seal of the City of Nedlands to the said Master Lending Agreement in the presence of
WORD%20Draft%20Council%20Agenda%20-%2025%20February.DOCX