2019-02-18 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                               18 FEBRUARY 2019


Cash Management and Investment Performance
Total cash on hand at the end of January 2019 was $61 million. Included in this balance are
funds held in trust and for restricted purposes (e.g. unexpended levy and grant funds).

The pie charts following present the mix of cash held at January 2019 by agency (graph on the
left) and by credit risk rating (graph on the right). All funds have been invested in accordance with
the Investment Policy and in consideration of the principles of ethical investment, preservation of
capital, return on investment and counterparty thresholds.

Figure 6: Closing Cash Held by Agency and Credit Rating


                  Bendigo                                            A3
                                                                  (Bendigo)
             Suncorp 7%                                              7%
               7%                                            A1
                                                          (Suncorp)
       NAB                                                   7%
       13%
                                                                                   A1 +
                                                                                  (QTC)
                                  QTC                           A1 +
                                                                                   59%
                                  59%                    (CBA + NAB + Wpac)
                                                                28%
        CBA
        15%




The following chart monitors the year-to-date trend on total cash and the agencies invested. Bi-
annual rates were levied during January. While the bulk of cash from the rates levy is forecast to
be received in February, these early payments provided for in increase in cash in cash overall of
$4 million which was reinvested in QTC deposits in line with Council’s Investment Policy. In
addition, $2 million held in commercial term deposits with Suncorp matured and was utilised to
fund operating and capital expenditure requirements.




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