2020-07-13 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                                  13 JULY 2020


The following chart monitors the 12-month trend on total cash and the agencies invested. During
June, $6 million in short term investments with Queensland Treasury Corporation were withdrawn
and the monies utilised fund the delivery of Council services for the month.

Figure 7: 12 Month Trend of Cash Invested by Agency
 90,000,000


 80,000,000


 70,000,000


 60,000,000


 50,000,000


 40,000,000


 30,000,000


 20,000,000


 10,000,000


         -
             Jul-19   Aug-19   Sep-19   Oct-19   Nov-19   Dec-19    Jan-20   Feb-20   Mar-20   Apr-20   May-20   Jun-20


              Bendigo TD        Westpac TD         NAB TD          Suncorp TD         CBA TD       QTC       CBA Operating



Measures of Financial Sustainability
The following table incorporates a set of financial sustainability indicators to further assist in
managing Council financial performance. There are no current material emerging risks regarding
performance to date for the financial year.

 Category                                                                                 Comments
 Operating Surplus Ratio                                                                      Intent: Identifies the extent to
                                                                                               which revenues cover
                                                                                               operational expenses, to ensure
                                                                                               community equity is not
                                                                                               degraded
                                                                                              Target: 0 – 10%
                                                                                              Target Date: 30 June
                                                                                              Result: 0.4%
                                                                                              Comment: The COVID-19
                                                                                               pandemic financial impacts
                                                                                               have been offset through
                                                                                               savings and unspent
                                                                                               constrained levies to provide a
                                                                                               positive interim annual result.




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