2020-04-30 Ordinary Meeting Agenda

ORDINARY MEETING AGENDA                                                                                           30 APRIL 2020


Cash Management and Investment Performance
Total cash on hand at the end of March 2020 was $76 million. Cash on hand will now degrade by
approximately $40 million as operational and capital costs are incurred through to June 2020.
Financial stress testing is currently occurring to understand the additional cash flow impacts of the
COVID-19 pandemic through to June (in addition to business as usual costs).

The following pie charts present the mix of cash held at March 2020 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

                                                                                                         A3
                     Bendigo                                                                           (Bendig
                 CBA   3%                                                                                 o)
                 7%                                                                                A1 +
                                                                                                         3%
                                                                                                 (CBA +…




                                     QTC                                                                         A1 +
                                     90%                                                                        (QT…




The following chart monitors the 12-month trend on total cash and the agencies invested. No
investments or deposit draw-downs were made during March, with sufficient cash being held in
Council’s operating bank accounts to fund the delivery of 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


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


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



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