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2016-09-12 General Committee Agenda
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GENERAL COMMITTEE MEETING AGENDA 12 SEPTEMBER 2016
Cash Management and Investment Performance
Council funds are invested in accordance with the adopted Investment Policy. Total cash on
hand at the end of July was $73.3 million, reflecting the receipt of funds from the first half-year
rates levy during July and August.
Council’s investment portfolio is balanced across a number of agencies, as shown in the graph
on the left. The graph on the right shows the current risk profile using industry credit ratings.
Bendigo A1
5% 0%
A2
5%
Westpac
25%
A1+
QTC
(QTC)
46%
A1+ 46%
(Other)
49%
NAB CBA
11% 13%
The actual interest revenue for the month was $143,981 with a weighted average yield of 2.52%
against the industry benchmark (Bloomberg AusBond Bank Bill Index) of 1.97%.
Previous Council Consideration
Nil.
Finance & Risk
Monthly financial performance is monitored across all operational areas to ensure Council’s
forecast operating result is achieved and that financial sustainability ratios are met. Ongoing
budget adjustments will be considered as part of the September and December Quarter reviews.
Consultation
External Consultation - Community & Stakeholder
Nil.
Internal Consultation
All areas of Council are consulted as part of the regular monitoring of budget performance.
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