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karren@lgfa.com.au

About Karren Smith

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So far Karren Smith has created 29 blog entries.

Financial Market Update October 2018

November 12th, 2018|News|

Financial Market Conditions

Global financial markets experienced some volatility over the past month as equity markets around the globe continued to grapple with the prospects of higher interest rates.

Mixed economic data out of the US, stalled Brexit negotiations and Italian budgetary issues caused volatility in global equity market during October. Early in the month US 10-year […]

A guide to the responsible use of debt

October 24th, 2018|Council Information, News|

Introduction

Councils that found themselves with the requirement for significant levels of debt in the 1980s and early 1990’s when interest rates were at historic highs, felt under pressure to minimise borrowings.  The legacy of those times has been a factor in councils being averse to borrowing, even when interest rates are at historic lows. Yet […]

Use of debt: common questions and answers

October 24th, 2018|Council Information, News|

Q    Why does a council need debt?

A
Using debt, is an effective way to provide services and infrastructure without the need for dramatic rises in council rates and to effectively spread the repayment of the cost of the assets  over  the ratepayers who will benefit from the assets.

 

Q    How long will it take to pay off […]

Financial Market Update September 2018

October 9th, 2018|News|

Financial Market Conditions

Global financial markets were relatively stable over the past month as emerging market contagion fears subsided.

Fears of a broader emerging markets economic crisis dissipated over the past month after Turkey lifted its benchmark interest rate by 6.25% to 24%. While this move stabilised its currency the long-term prospects for the Turkish economy are […]

LGFA Products

September 28th, 2018|Council Information|

The LGFA has a number of standard borrowing products that are used by South Australian councils and prescribed local government bodies. All borrowings to councils by LGFA are secured by a debenture charge over the council’s general revenue and in the case of regional subsidiaries the loan is secured by a lending agreement between the […]

LGFA History – Who is LGFA?

September 28th, 2018|Council Information|

LGFA History

Back in 1981-82 the concept for a specialist financial body to service South Australian councils and prescribed local government bodies evolved primarily from the difficulties many councils experienced in accessing loan funds from traditional financial institutions.

Would the pooling of council’s cash assets (investing) and debenture loan (borrowing) requirements generate a more competitive result for […]

State Local Government Infrastructure Partnership

September 14th, 2018|Case Studies|

STATE LOCAL GOVERNMENT INFRASTRUCTURE PARTNERSHIP (SLGIP)

LGA advocacy secured a $25 million State Government commitment to local government infrastructure projects in late 2016. The State Local Government Infrastructure Partnership provided councils with an upfront grant of up to 20% to bring forward infrastructure projects already identified in their long-term planning. Projects that offered employment […]

Northern Adelaide Waste Management Authority

September 14th, 2018|Case Studies|

NAWMA Materials Recovery Facility

The NAWMA Materials Recovery Facility (MRF) is a recycling plant delivering local outcomes of global importance with significant environmental, economic and social benefits for current and future generations. The MRF is a credit to the NAWMA technical working group, board and constituent councils of Salisbury, Playford and Gawler. The 30,000 […]