2018-07-16 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                               16 JULY 2018


Figure 7: Annual Trend of Cash Invested by Agency

  100,000,000.00

   90,000,000.00

   80,000,000.00

   70,000,000.00

   60,000,000.00

   50,000,000.00

   40,000,000.00

   30,000,000.00

   20,000,000.00

   10,000,000.00

              -
                  Jul-17   Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18

                              QTC         Bendigo       Westpac       NAB         Suncorp       CBA


Actual interest revenue for June was $132k with a weighted average yield of 2.3%, which reflects
a positive return compared to the industry benchmark (Bloomberg AusBond Bank Bill Index) of
1.8%.

Previous Council Consideration
Nil.

Finance
As above.

Risks & Opportunities
Council’s risk register includes a number of risks that could impact on ongoing financial
sustainability. Effective budget management and reporting is an important risk mitigation tool.

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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