HURSTVILLE CITY COUNCIL
CIVIC CENTRE, MACMAHON STREET, HURSTVILLE.
__________________________________



SUMMARY OF ITEMS CONTAINED IN THE
DIVISIONAL MANAGER - BUSINESS AND FINANCIAL SERVICES' REPORT
TO THE MEETING OF THE FINANCE COMMITTEE
TO BE HELD ON JANUARY




Warrant No. 3/95 (Appendix 'A' To Divisional Manager's Report) (F/00009)

Financial Statement (Form 2) As At 10Th February 1995 (Appendix 'B' To Divisional Manager's Report) (F/00009)

Council Investments As At 10Th February 1995 (F/00009) (Report By Manager - Accounting, Mr R Bowling)

Job Cost Report - Expenditure To 10Th February 1995 (Appendix 'C' To Divisional Manager's Report) (F/0009)

Report On Rate Collections For Period 1/7/1994 To 10/2/1995 (F/00009)

Quarterly Financial Statement As At 31St December 1994 (Appendix 'D' To Divisional Manager's Report)

HURSTVILLE CITY COUNCIL
REPORT ITEM NO: 02.01
BUSINESS & FINANCIAL SERVICES
DIVISIONAL MANAGER - BUSINESS AND FINANCIAL SERVICES
REPORT NO 1 TO THE MEETING OF THE FINANCE COMMITTEE
TO BE HELD ON 22ND FEBRUARY, 1995


The General Manager
Hustville City Council
The Civic Centre
HURSTVILLE

Dear Sir,

Hereunder is my report No.1 to be submitted to the FINANCE Committee:-


02.01 WARRANT NO. 3/95 (APPENDIX 'A' TO DIVISIONAL MANAGER'S REPORT) (F/00009)
(Report by Manager - Financial Accounting, Mr R Bowling)



The following accounts are now submitted for examination and recommendation by the
Finance Committee:-

General Fund257592-257906 incl$9,228,628.03
025801-025944 incl 177,326.44$ 9,405,954.47
Trust Fund406924-406994 incl 440,372.97
Main Roads
Trust Fund
700148-700148 incl 108,000.00
$ 9,954,327.44



HURSTVILLE CITY COUNCIL
RECOMMENDATION NO: 02.01
BUSINESS & FINANCIAL SERVICES

HEADING: Recommendation WARRANT NO. 3/95 (APPENDIX 'A' TO DIVISIONAL MANAGER'S REPORT) (F/00009)
(Report by Manager - Financial Accounting, Mr R Bowling)

RECOMMENDATION

HURSTVILLE CITY COUNCIL
REPORT ITEM NO: 02.02
BUSINESS & FINANCIAL SERVICES


02.02 FINANCIAL STATEMENT (FORM 2) AS AT 10TH FEBRUARY 1995 (APPENDIX 'B' TO DIVISIONAL MANAGER'S REPORT) (F/00009)
(Report by Manager - Financial Accounting, Mr R Bowling)


HURSTVILLE CITY COUNCIL
RECOMMENDATION NO: 02.02
BUSINESS & FINANCIAL SERVICES

HEADING: Recommendation FINANCIAL STATEMENT (FORM 2) AS AT 10TH FEBRUARY 1995 (APPENDIX 'B' TO DIVISIONAL MANAGER'S REPORT) (F/00009)
(Report by Manager - Financial Accounting, Mr R Bowling)

RECOMMENDATION

THAT the Financial Statement, as submitted, be received and adopted.

HURSTVILLE CITY COUNCIL
REPORT ITEM NO: 02.03
BUSINESS & FINANCIAL SERVICES


02.03 COUNCIL INVESTMENTS AS AT 10TH FEBRUARY 1995 (F/00009) (Report by Manager - Accounting, Mr R Bowling)


Report by Divisional Manager:

The following tables give details of Council's funds invested as at 10th February 1995.


Certificate of Investment

The following investments have been made in accordance with Section 625 of the Local Government Act 1993 and Regulations and in accordance with Council's Investment Policy.



Date
Invested
With Whom
Invested
Amount
$
Yield
%
DaysDue Date
(a) Term
Deposits
07.02.95N.A.B. 6,564,008.48
8.1
60
07.04.95
(b)
Commercial
Bills
01.02.95C.B.A. 1,982,209.00
7.87
42
15.03.95
10.02.95St George 3,973,508.13
7.85
31
13.03.95
31.01.95ANZ 1,986,886.55
8.03
30
02.03.95
02.02.95Westpac 4438,407.07
8.04
63
06.04.95
01.02.95Westpac 2,483,932.70
7.87
30
03.03.95
10.02.95Westpac 1,479,840.12
8.02
62
13.04.95
30.01.95ANZ 1,291,623.91
7.89
30
01.03.95
01.02.95ANZ 3,993,365.87
7.81
30
03.03.95
$21,629,773.35
(c) Money on
Overnight
Call
$1,773,960.17
(d)
Promissory
Notes
Nil
Total
Investments
$23,403,733.52

SUMMARY OF INVESTMENTS


(a)
Term Deposits$ 6,564,008.48
(b)
Commercial Bills$21,629,773.35
(c)
Money Market$ 1,773,960.17
(d)
Promissory Notes$ Nil
TOTAL:$29,967,742.00



HURSTVILLE CITY COUNCIL
RECOMMENDATION NO: 02.03
BUSINESS & FINANCIAL SERVICES

HEADING: Recommendation COUNCIL INVESTMENTS AS AT 10TH FEBRUARY 1995 (F/00009) (Report by Manager - Accounting, Mr R Bowling)
RECOMMENDATION

THAT the report be received and noted.

HURSTVILLE CITY COUNCIL
REPORT ITEM NO: 02.04
BUSINESS & FINANCIAL SERVICES


02.04 JOB COST REPORT - EXPENDITURE TO 10TH FEBRUARY 1995 (APPENDIX 'C' TO DIVISIONAL MANAGER'S REPORT) (F/0009)
(Report by Manager - Management Accounting - Mrs C Long)



Submitted for the information of Council.


HURSTVILLE CITY COUNCIL
RECOMMENDATION NO: 02.04
BUSINESS & FINANCIAL SERVICES

HEADING: Recommendation JOB COST REPORT - EXPENDITURE TO 10TH FEBRUARY 1995 (APPENDIX 'C' TO DIVISIONAL MANAGER'S REPORT) (F/0009)
(Report by Manager - Management Accounting - Mrs C Long)

RECOMMENDATION

THAT the report be received and noted.

HURSTVILLE CITY COUNCIL
REPORT ITEM NO: 02.05
BUSINESS & FINANCIAL SERVICES


02.05 REPORT ON RATE COLLECTIONS FOR PERIOD 1/7/1994 TO 10/2/1995 (F/00009)
Report by Manager - Rates, Mr W Wood)




Type of
Charges
Arrears
$
Current
$
Collections
$
Outstanding
Balance
$
Combined
Rates &
Garbage
Charges
343,717
19,494,075
-11,979,687
6,177,270
Pension
Rebates
-1,680,835
Extra
Charges
180,484
34,824
- 56,863
158,445
524,201
17,848,064
-12,036,550
6,335,715


Collections to 10th February 1995 represent 65.51% of the total amount of Rates and Charges recoverable and 67.43% of the 1994/1995 Levy.

Collections for the equivalent period during 1993 were 69.21% and 71.20%, respectively.

It should be noted that instalment payment dates have changed to reflect the new rating period under the provisions of the Local Government Act. The third instalment payment for the 1994/1995 levy is not due until 28 February 1995, whereas the collection figures shown for the 1993 levy is at the third instalment payment date.


HURSTVILLE CITY COUNCIL
RECOMMENDATION NO: 02.05
BUSINESS & FINANCIAL SERVICES

HEADING: Recommendation REPORT ON RATE COLLECTIONS FOR PERIOD 1/7/1994 TO 10/2/1995 (F/00009)
Report by Manager - Rates, Mr W Wood)

RECOMMENDATION

THAT the information be received and noted.

HURSTVILLE CITY COUNCIL
REPORT ITEM NO: 02.06
BUSINESS & FINANCIAL SERVICES


02.06 QUARTERLY FINANCIAL STATEMENT AS AT 31ST DECEMBER 1994 (APPENDIX 'D' TO DIVISIONAL MANAGER'S REPORT)
(Report by Divisional Manager - Business & Financial Services, Mr W Bradey;
Manager - Financial Services, Mr D Turnbull; & Manager - Management Accounting, Mrs C Long)



HURSTVILLE CITY COUNCIL
RECOMMENDATION NO: 02.06
BUSINESS & FINANCIAL SERVICES

HEADING: Recommendation QUARTERLY FINANCIAL STATEMENT AS AT 31ST DECEMBER 1994 (APPENDIX 'D' TO DIVISIONAL MANAGER'S REPORT)
(Report by Divisional Manager - Business & Financial Services, Mr W Bradey;
Manager - Financial Services, Mr D Turnbull; & Manager - Management Accounting, Mrs C Long)

RECOMMENDATION
* * * * * * * *




Yours faithfully,






W D Bradey
Divisional Manager
- Business & Financial Services