Attachment 2

Treasury Compliance Report February 2017

Treasury Compliance Report

As at 28 February 2017

Policy Limits – Snap Shot:

Borrowing Limits:

Fixed Interest Compliance:

Fixed Interest Compliance:

At month end, Council has $131.7M of fixed/floating borrowings (including borrowings on behalf of CCO’s);

However, with interest rate swaps in place, effectively the split between fixed/floating is;

Swap Performance:

The Council has a number of interest rate swap agreements in place to comply with policy and to provide some certainty with future interest costs.  Due to fluctuations in the interest rate market, the overall value of these agreements is constantly changing. 

YTD there has been a $5.6M favourable gain in the revaluation of interest rate swaps.