2021-04-12 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                                                      12 APRIL 2021


The following chart monitors the 12-month trend on total cash and the agencies invested. Payments
received in February through to March from bi-annual rates generated a significant increase in cash,
which was has been invested in short term QTC deposits in line with Council’s Investment Policy.

Figure 7: 12 Month Trend of Cash Invested by Agency
 100,000,000

  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-20    May-20        Jun-20     Jul-20      Aug-20     Sep-20      Oct-20     Nov-20   Dec-20   Jan-21   Feb-21   Mar-21


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




Measures of Financial Sustainability
The following table incorporates a set of financial sustainability indicators to further assist in
managing Council financial performance. There are no current emerging risks regarding financial
performance year to date.

 Category                                                                                                   Comments
 Operating Surplus Ratio                                                                                         Intent: Identifies the extent to
     90%                                                                                                          which revenues cover operational
     80%
           77.3%                                                                                                  expenses, to ensure community
     70%
                                                                                                                  equity is not degraded.
                     59.1%
     60%                                                                                                         Target: 0 – 10%
     50%                      43.2%                                                                              Result: 22.4%
                                                             37.9%
     40%                              30.9%                          30.7%                                       Comment: The ratio will decline
     30%                                                                     22.4%                                from February to June as the
     20%                                      15.7%
                                                                                                                  January rates are expended on
     10%                                              4.6%
                                                                                                                  delivery of Council services.
      0%
    -10%
               Jul    Aug     Sep      Oct    Nov     Dec     Jan    Feb     Mar     Apr   May    Jun


                     Actual                  Budget                  Minimum                  Target




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