Investment report endorsed

The first consolidated investment report for the Central Coast Council, for the month of May, was endorsed by administrator, Mr Ian Reynolds at the June 22 ordinary meeting.

The two former councils' investments are still being managed separately while a new investment policy is being drafted and the finance transformation process progresses, according to a report from the council's chief executive officer, Mr Rob Noble.

The total combined value of the former councils' investment portfolios on May 31 was $306 million.

Agenda item 6.1, 22 Jun 2016

Rob Noble, Central Coast Council