2017-08-17 Ordinary Meeting Agenda

ORDINARY MEETING AGENDA                                                              17 AUGUST 2017



Figure 5: Capital Program Delivery Performance
 $0.8
 $0.7
 $0.6
 $0.5
 $0.4
 $0.3
 $0.2
 $0.1
 $0.0
                      YTD Budget ($m)                  YTD Actual / Committed ($m)


                            Capital works                Other capital



Cash Management and Investment Performance

Council funds are currently invested in compliance with Council’s Investment Policy, with 83%
currently held in highly liquid investments (either held as cash or maturing within 7 days -
minimum required of 10%), and all counterparty thresholds within policy guidelines. Total cash on
hand at the end of June was $68.7 million. Included in this balance are funds held in trust and for
restricted purposes (unexpended levy and grant funds).

Council’s investment portfolio is balanced across a number of agencies, as shown in the graph
on the right. The graph on the left shows the current risk profile using industry credit ratings.

                                                                     Bendigo
                       A2
                    A1 6%                                       Suncorp6%
                    6%                                             6%
                                                               Westpac
                                                                6%

           A1 +                          A1 +
                                                                                       QTC
          (Other)                       (QTC)
                                                              CBA                      55%
           33%                           55%
                                                              27%




Actual interest revenue for June was $119,049 with a weighted average yield of 2.19% against
the industry benchmark (Bloomberg AusBond Bank Bill Index) of 1.75%.

No new investments have been made during July 2017. As rating revenue is received over the
next month, any surplus cash will be invested in line with the Investment Policy and in
accordance with ethical investment practices.

Previous Council Consideration

Nil



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