Orange Council gave no timetable for reviewing its investment performance benchmark Councillors unanimously noted the September 2026 Statement of Investments and adopted the Responsible Accounting Officer’s certification, but the chief executive officer said no timing was available for the benchmark review. Council: Orange City Council Meeting: 20 October 2026, 6:00 PM Recorded status: approved BRIEF Orange City Council unanimously noted its September 2026 Statement of Investments and adopted the Responsible Accounting Officer’s certification at its 20 October meeting. Cr M Ruddy described an investment performance benchmark review as under way, but the chief executive officer said no timing was available. Staff were also reviewing recommendations about term deposits and floating-rate investments, which would be shared with council if there was a change in approach. KEY FACTS - Council resolved to note the Statement of Investments for September 2026. - Council adopted the Responsible Accounting Officer’s certification. - Cr M Ruddy described the investment performance benchmark review as under way; the chief executive officer said no timing was available. - The chief financial officer and team were reviewing term-deposit and floating-rate recommendations, which would be shared with council if there was a change in approach. ANALYSIS OF THE RECORD - The formal resolution records council's adoption of the Responsible Accounting Officer's certification, but does not record investment returns, portfolio value or individual holdings. - The minutes record no timing for the benchmark review and no change to the investment approach. - The finance team's review is described as ongoing, with the recommendations to be shared with council if there was a change in approach; no new investment approach is recorded as adopted. QUESTIONS FOR FOLLOW-UP REPORTING - What investment performance benchmark is under review? - When is the benchmark review expected? - Which recommendations about term deposits or floating rates, if any, would require a future council resolution? RECORDED NEXT STEPS - The chief executive officer said the term-deposit and floating-rate recommendations were under review by the chief financial officer and team and would be shared with council if there was a change in approach. - The minutes record no timing for the investment performance benchmark review. SOURCE PASSAGES The minutes identify an ordinary council meeting held in Orange on 20 October 2026. "Page 1 MINUTES OF THE ORDINARY MEETING OF COUNCIL HELD IN COUNCIL CHAMBER, CIVIC CENTRE, BYNG STREET, ORANGE ON 20 OCTOBER 2026 COMMENCING AT 6:00 PM 1 INTRODUCTION ATTENDANCE Cr T Mileto (Mayor), Cr J Stedman (Deputy Mayor), Cr K Duffy (6.24pm)(AV Link), Cr T Greenhalgh, Cr G Judge, Cr F Kinghorne, Cr D Mallard, Cr M McDonell (6.11pm), Cr S Peterson, Cr G Power, Cr M Ruddy, Cr J Whitton Chief Executive Officer, Director Corporate & Commercial Services, Interim Director Development Services, Director Community, Recreation & Cultural Services, Acting Director Infrastructure (Gailey), Manager Corporate Governance, Governance Officer (Allan), Communications" (Meeting heading and date) Council resolved to note the September 2026 Statement of Investments and adopt the Responsible Accounting Officer's certification, with no votes against. The resolution was moved by Cr D Mallard and seconded by Cr J Stedman. "The Chief Executive Officer advised two grant applications had been submitted however these had not been successful and noted that a further report will be presented to Council. ORDINARY COUNCIL MEETING MINUTES 20 OCTOBER 2026 Page 4 5.3 STATEMENT OF INVESTMENTS - SEPTEMBER 2026 TRIM REFERENCE: 2026/1829 RESOLVED - 26/578 Cr D Mallard/Cr J Stedman That Council resolves to: 1 Note the Statement of Investments for the period September 2026. 2 Adopt the certification of the Responsible Accounting Officer. For: Cr T Mileto (Mayor), Cr J Stedman (Deputy Mayor), Cr T Greenhalgh, Cr G Judge, Cr F Kinghorne, Cr D Mallard, Cr S Peterson, Cr G Power, Cr M Ruddy, Cr J Whitton Against: Nil Absent: Cr K Duffy, Cr M McDonell Cr Ruddy referred to a review of the investment performance benchmark being underway, and asked when the review is expected." (Item 5.3, resolution 26/578 and voting list) Cr Ruddy referred to the investment performance benchmark review as being under way and asked when it was expected. The chief executive officer advised that no timing was available. "2 Adopt the certification of the Responsible Accounting Officer. For: Cr T Mileto (Mayor), Cr J Stedman (Deputy Mayor), Cr T Greenhalgh, Cr G Judge, Cr F Kinghorne, Cr D Mallard, Cr S Peterson, Cr G Power, Cr M Ruddy, Cr J Whitton Against: Nil Absent: Cr K Duffy, Cr M McDonell Cr Ruddy referred to a review of the investment performance benchmark being underway, and asked when the review is expected. The Chief Executive Officer advised there is no timing available. Cr Peterson asked if the recommendations in the report regarding the term deposit market and the option to switch out of particular floating rates are something that Council needs to vote on or are they considered operational matters." (Item 5.3 discussion) Cr Peterson asked whether recommendations about the term-deposit market and switching out of particular floating rates required a council vote or were operational matters. The chief executive officer said they were under review by the chief financial officer and his team and would be shared with council if there was a change in approach. "The Chief Executive Officer advised there is no timing available. Cr Peterson asked if the recommendations in the report regarding the term deposit market and the option to switch out of particular floating rates are something that Council needs to vote on or are they considered operational matters. The Chief Executive Officer advised that these are under review by the Chief Financial Officer and his team and it would be shared with Council if there was a change in approach. *Cr McDonell joined the meeting with the time being 6.11pm* 5.4 POST CONFERENCE REPORT - NATIONAL ROADS AND INFRASTRUCTURE CONGRESS 2026 TRIM REFERENCE: 2026/1794 RESOLVED - 26/579 Cr D Mallard/Cr S Peterson That the report by the Executive Support Officer on the Post Conference Report - National Roads and Infrastructure Congress 2026 be noted." (Item 5.3 discussion) SOURCES https://orange.infocouncil.biz/RedirectToDoc.aspx?URL=Open/2026/10/CCL_20102026_MIN_16038.PDF https://minutesradar.com/news/orange-infocouncil-council-20-oct-2026-6-00-pm-20-oct-2026-6-00-pm-minutes-orange-council-gave-no-timetable-for-reviewing-its-investment-pe-67d16f3331/ Prepared from public council minutes using automated drafting and checks. No meeting attendance or interviews are implied. 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