2016-06-13 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                   13 JUNE 2016


Cash Management and Investment Performance

Council funds are invested in accordance with the adopted Investment Policy. Total cash on hand
at the end of May was $60.3 million.

Council’s investment portfolio is balanced across a number of agencies, as shown in the graph on
the left. The graph on the right shows the current risk profile using industry credit ratings.
        Suncorp   Bendigo                                       A1
          3%        7%                                          3%
                                                                        A2
      Westpac
                                                                        7%
       7%

                                                                                   A1+
                                   QTC                                            (QTC)
                                   48%                                             48%
                NAB                                            A1+
                23%                                           (Other)
                                                               42%
                      CBA
                      12%


The actual interest revenue for the month was $151,439 with a weighted average yield of 3.05%
against the industry benchmark (Bloomberg AusBond Bank Bill Index) of 2.29%.


Previous Council Consideration

Nil

Finance & Risk

Monthly financial performance is monitored across all operational areas to ensure Council’s
forecast operating result is achieved and that forecast sustainability ratios are met.

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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