2017-07-17 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                        17 JULY 2017


Figure 5: Capital Program Delivery Performance
  $30

  $25

  $20

  $15

  $10

      $5

      $0
                           YTD Budget ($m)                        YTD Actual / Committed ($m)

           Capital works         Capital works committed   Other capital      Other capital committed




Cash Management and Investment Performance

Council funds are currently invested in compliance with Council’s Investment Policy, with 74%
held in highly liquid investments (either held as cash or maturing within 7 days - minimum
required of 10%), and all counterparty thresholds within policy guidelines. Total cash on hand at
the end of June was $68.8 million. Included in this balance are funds held in trust and for
restricted purposes (unexpended levy and grant funds).

Council’s investment portfolio is balanced across a number of agencies, as shown in the graph
on the right. The graph on the left shows the current risk profile using industry credit ratings.


                            A2                                                      Bendigo
                    A1      6%                                                Suncorp6%
                    9%                                                           9%
                                                                            Westpac
                                                                               6%
                                                                           NAB
                                              A1 +                         6%                           QTC
               A1 +                          (QTC)
                                                                                                        54%
              (Other)                         54%
               32%                                                             CBA
                                                                               20%




Actual interest revenue for June was $132,432 with a weighted average yield of 2.16% against
the industry benchmark (Bloomberg AusBond Bank Bill Index) of 1.75%.

Previous Council Consideration

Nil




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