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. 6/95 (Appendix 'A' To Divisional Manager's Report) (F/00009) (Report By Manager - Accounting, Mr R Bowling)

Financial Statement (Form 2) As At 12Th April 1995 (Appendix 'B' To
Divisional Manager's Report) (F/00009)

Council Investments As At 12Th April 1995 (F/00009)

Job Cost Report - Expenditure To 12Th April 1995 (Appendix 'C' To Divisional Manager's Report) (F/00009) (Report By Manager - Management Accounting, Mrs C Long)

Report On Rate Collections For Period 1/7/1994 To 11Th April 1995 (F/0009)

Local Government Auditors Association Conference

Rate Agency Collection Agreement

Pensioner Rebates

HURSTVILLE CITY COUNCIL
REPORT ITEM NO: 02.01
BUSINESS & FINANCIAL SERVICES


02.01 WARRANT NO.6/95 (APPENDIX "A" TO DIVISIONAL MANAGER'S REPORT) (F/00009)
(Report by Manager - Accounting, Mr R Bowling)



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

General Fund026940-027315$8,126,559.10
027316-027478 incl 257,398.98$ 8,383,958.08
Trust Fund407113-407189 incl 487,132.19
Main Roads
Trust Fund
N/A
$ ___-
$ 8,871,090.27



HURSTVILLE CITY COUNCIL
RECOMMENDATION NO: 02.01
BUSINESS & FINANCIAL SERVICES

HEADING: Recommendation WARRANT NO.6/95 (APPENDIX "A" TO DIVISIONAL MANAGER'S REPORT) (F/00009)
(Report by Manager - Accounting, Mr R Bowling)

RECOMMENDATION

THAT, following examination of the vouchers contained in Warrant No. 6/95, the
undermentioned amounts are now recommended to Council for payment:-

General Fund $8,383,958.08
Trust Fund 487,132.19
Main Roads Trust Fund $ __ _-
$8,871,090.27

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


02.02 FINANCIAL STATEMENT (FORM 2) AS AT 12TH APRIL, 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 12TH APRIL, 1995 (APPENDIX "B" TO DIVISIONAL MANAGER'S REPORT) (F/00009)
(Report by Manager - Financial Accounting, Mr R Bowling)

RECOMMENDATION

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


02.03 COUNCIL INVESTMENTS AS AT 12TH APRIL, 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 12th April 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
10.04.95N.A.B. 6,650,763.03
7.91
60
08.06.95
(b)
Commercial
Bills
15.03.95Westpac 1,787,296.97
7.63
34
18.04.95
13.03.95St George 3,973,675.76
7.80
31
13.04.95
06.04.95Westpac 4,470,020.25
7.65
32
08.05.95
05.04.95Westpac 4,965,655.35
7.65
33
08.05.95
10.02.95Westpac 1,479,840.12
8.02
62
13.04.95
03.04.95St George 2,480,612.49
7.71
37
10.05.95
03.04.95Westpac 3,351,642.68
7.86
67
09.06.95
$22,508,743.62
(c) Money on
Overnight
Call
$1,498,050.49
(d)
Promissory
Notes
Nil
Total
Investments
$30,657,557.14

SUMMARY OF INVESTMENTS

(a)
Term Deposits$ 6,650,763.03
(b)
Commercial Bills$22,508,743.62
(c)
Money Market$ 1,498,050.49
(d)
Promissory Notes$ Nil
TOTAL:$30,657,557.14



HURSTVILLE CITY COUNCIL
RECOMMENDATION NO: 02.03
BUSINESS & FINANCIAL SERVICES

HEADING: Recommendation COUNCIL INVESTMENTS AS AT 12TH APRIL, 1995 (F/00009)
(Report by Manager - Accounting, Mr R Bowling)

RECOMMENDATION

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


02.04 JOB COST REPORT - EXPENDITURE TO 12TH APRIL, 1995 (APPENDIX "C" TO DIVISIONAL MANAGER'S REPORT) (F/00009)
(Report by Manager - Management Accounting, Mrs C Long)



HURSTVILLE CITY COUNCIL
RECOMMENDATION NO: 02.04
BUSINESS & FINANCIAL SERVICES

HEADING: Recommendation JOB COST REPORT - EXPENDITURE TO 12TH APRIL, 1995 (APPENDIX "C" TO DIVISIONAL MANAGER'S REPORT) (F/00009)
(Report by Manager - Management Accounting, Mrs C Long)

RECOMMENDATION

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


02.05 REPORT ON RATE COLLECTIONS FOR PERIOD 1/7/1994 TO 11TH APRIL 1995 (F/00009)
(Report by Manager - Rates, Mr W Wood)




Type of
Charges
Arrears
$
Current
$
Collections
$
Outstanding
Balance
$
Combined
Rates &
Garbage
Charges
343,817
19,494,501
-14,723,928
3,428,558
Pension
Rebates
-1,685,832
Extra
Charges
175,046
51,301
- 69,288
157,059
518,863
17,859,970
-14,793,216
3,585,617


Collections to 11th April 1995 represent 80.49% of the total amount of Rates and Charges recoverable and 82.82% of the 1994/1995 Levy.

Collections for the similar period during 1993 were 86.40% and 88.86%, 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 fourth instalment payment for the 1994/1995 levy is not until 31st May 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 11TH APRIL 1995 (F/00009)
(Report by Manager - Rates, Mr W Wood)

RECOMMENDATION

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


02.06 LOCAL GOVERNMENT AUDITORS ASSOCIATION CONFERENCE


HURSTVILLE CITY COUNCIL
RECOMMENDATION NO: 02.06
BUSINESS & FINANCIAL SERVICES

HEADING: Recommendation LOCAL GOVERNMENT AUDITORS ASSOCIATION CONFERENCE
RECOMMENDATION

HURSTVILLE CITY COUNCIL
REPORT ITEM NO: 02.07
BUSINESS & FINANCIAL SERVICES


02.07 RATE AGENCY COLLECTION AGREEMENT


HURSTVILLE CITY COUNCIL
RECOMMENDATION NO: 02.07
BUSINESS & FINANCIAL SERVICES

HEADING: Recommendation RATE AGENCY COLLECTION AGREEMENT
RECOMMENDATION

HURSTVILLE CITY COUNCIL
REPORT ITEM NO: 02.08
BUSINESS & FINANCIAL SERVICES


02.08 PENSIONER REBATES
(Report by Divisional Manager - Business & Financial Services, Mr W Bradey, and Manager - Rates, Mr W Wood)




HURSTVILLE CITY COUNCIL
RECOMMENDATION NO: 02.08
BUSINESS & FINANCIAL SERVICES

HEADING: Recommendation PENSIONER REBATES
(Report by Divisional Manager - Business & Financial Services, Mr W Bradey, and Manager - Rates, Mr W Wood)

RECOMMENDATION

THAT the matter be considered by Council.

* * * * * * *

Yours faithfully,






W D Bradey
Divisional Manager -
Business & Financial Services


HURSTVILLE CITY COUNCIL
REPORT ITEM NO: 02.09A
BUSINESS & FINANCIAL SERVICES
A D D E N D U M


02.09A GENERAL RATE INCREASE 1995/96


HURSTVILLE CITY COUNCIL
RECOMMENDATION NO: 02.09
BUSINESS & FINANCIAL SERVICES

HEADING: Recommendation GENERAL RATE INCREASE 1995/96
RECOMMENDATION



* * * * * * *



Yours faithfully,






W D Bradey
Divisional Manager -
Business & Financial Services

HURSTVILLE CITY COUNCIL
REPORT ITEM NO: .
Appendix for Business and Financial Services



.99 Appendix C - Job Cost Report - Appendix


To view the Job Cost Report please double click with your mouse pointer on the icon which appears below. When you have done this a box will appear on the screen and you should select the option "Launch" from this box. This action will launch Notepad which will then allow you to view the Job Cost Report. When finished you should select "File" from the Notepad menu bar and then "Exit" from within the box which will appear below "File".
JOBCOST.TXT

HURSTVILLE CITY COUNCIL
REPORT ITEM NO: .
Appendix for Business and Financial Services



.99 Appendix A - Warrant No.6/95- Appendix


To view the Warrant please double click with your mouse pointer on the icon which appears below. When you have done this a box will appear on the screen and you should select the option "Launch" from this box. This action will launch AmiPro which will then allow you to view the Warrant. When finished you should select "File" from the AmiPro menu bar and then "Exit" from within the box which will appear below "File".

WARRANT.SAM

HURSTVILLE CITY COUNCIL
REPORT ITEM NO: .
Appendix for Business and Financial Services



.99 Appendix B - Financial Statement (Form 2)- Appendix
HURSTVILLE CITY COUNCIL
FINANCE COMMITTEE MEETING HELD ON 26TH APRIL 1995


His Worship the Mayor and Councillors
Civic Centre
HURSTVILLE

Following is a Financial Statement of the Council's position to the effect of Ordinance 26 (Form 2):-
GENERAL FUND

DebitBalance - Cash Account as at 24th March 1995 411,309.92
DeductReceipts for period ended 12th April 1995
ACombined Rates and Charges (62,013.79)
BMiscellaneous (7,801,489.21)
(7,452,193.08)
DeductPayments for period ended 12th April 1995
AAuthorized last meeting 173,535.88
BPaid since last meeting subject to confirmation 8,126,559.10
CBank Charges 0.00
8,300,094.98
DebitBalance - Cash Account as at 12th April 1995 847,901.90
AddAccounts now presented for approval 257,398.98
DebitBalance after payment of accounts presented
for approval to pay
$ 1,105,300.88

Other unpaid accounts in the Office amount to $19,799.92
Limit of overdraft arranged with Bank $150,000.00
Limit of overdraft as authorized by Auditors' certificate
dated 12th August, 1994
$13,442,000.00
Fixed Deposits:-
Trust Fund
General Fund
Trust A/c Sec 94 Funds
Reserve Accounts (below)
Main Roads Trust Fund
General Reserve Fund
2,869,892.17
11,926,010.46
3,323,800.51
9,137,424.78
612,505.00
2,694,474.50
$30,564,107.42

Balance at Credit in Reserve Accounts funds as at 12th April 1995 as follows:-


Employee Entitlements$ 2,342,070.00
Capital Works Reserve$ 5,132,256.10
Development Reserve$ 1,663,098.68
$ 9,137,424.78

This is Appendix "B" mentioned in Item No. 2 (Financial Statement, Form 2) of the Divisional Manager - Business & Financial Services' Report to the Meeting of the Finance Committee of the Council of the City of Hurstville held on 26th April 1995, referred to in the report of such Committee.