2015-09-15 Planning & Organisation Committee Agenda

PLANNING & ORGANISATION COMMITTEE MEETING AGENDA                              15 SEPTEMBER 2015


Cash Management and Investment Performance

Council funds are invested in accordance with the adopted Investment Policy. Total cash on hand
as at 31 August 2015 was $73.7 million. The cash balance includes constrained funding carried
forward for capital projects still under construction, in addition to the cash received from the recent
rates levy.

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.

                 Bendigo
       Suncorp     6%
         8%                                                              A2
                                                                      A1 5%
      Westpac                                                         8%
       6%                         QTC                                                  A1+
                                  41%                                                 (QTC)
                                                                                       43%

                 NAB                                                A1+
                 25%                                               (Other)
                                                                    44%
                           CBA
                           14%


The actual interest revenue for the month was $155,791 with a weighted average yield of 2.64%
against the industry benchmark (Bloomberg AusBond Bank Bill Index) of 2.16%.

Previous Council Consideration

Nil

Finance & Risk

Figures shown in the Statement of Financial Position are interim only pending finalisation of the
annual financial audit.

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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