2019-11-18 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                            18 NOVEMBER 2019


Cash Management and Investment Performance
Total cash on hand at the end of October was $65 million, including funds held in trust and for
restricted purposes (e.g. unexpended levy and grant funds), the prepaid financial assistance grant
and unspent monies committed for funding capital projects which are underway and will continue
during the financial year.
The following pie charts present the mix of cash held at October 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


                                                                                                 A3
                   NAB       Bendigo                                                          (Bendigo
                    6%         3%
                                                                                       A1 +       )
                 CBA                                                                             3%
                 9%                                                                 (CBA + NAB
                                                                                     + Wpac)…




                                                                                                              A1 +
                                                                                                             (QTC)
                                        QTC                                                                   82%
                                        82%




The following chart monitors the 12 month trend on total cash and the agencies invested. During
October, term deposits with both Suncorp and Bendigo Banks matured. In line with Council’s
Investment of Surplus Funds Policy, $2 million was reinvested in term deposits with Bendigo
Bank.
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


         -
             Nov-18 Dec-18   Jan-19   Feb-19 Mar-19   Apr-19   May-19   Jun-19   Jul-19   Aug-19   Sep-19    Oct-19


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



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