Council investments deliver unexpected windfall
Council is more than $100,000 in front thanks to a strong investment portfolio.
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Council’s floating rate note portfolio was largely responsible for the windfall.
Meanwhile, short term deposits delivered a 2.72 per cent return for the month of June and medium term deposits yielded 3.91 per cent.
The 2016/17 financial statements will be presented to council in October and an audit report will be presented in November.
Stephen Mudd
Journalist
Stephen Mudd is a journalist for Fairfax Media west of the great divide. He loves music, dogs and travel.
Stephen Mudd is a journalist for Fairfax Media west of the great divide. He loves music, dogs and travel.
