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2015-06-23 Planning & Organisation Committee Meeting Agenda
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PLANNING & ORGANISATION COMMITTEE MEETING AGENDA 23 JUNE 2015
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 A2
10% 3% 4%
Westpac
A1
4%
10%
QTC A1+
43% (QTC)
NAB 43%
14%
A1+
(Other)
CBA 43%
26%
The actual interest revenue for the month was $143,780 with a weighted average yield of
2.80% against the industry benchmark (Bloomberg AusBond Bank Bill Index) of 2.38%.
Previous Council Consideration
Nil
Finance & Risk
The budget review undertaken after the 3rd quarter has resulted in an improved operating
result, with the forecast surplus increasing from $50k to $103k. This conservative forecast is
expected to be surpassed with special levies unlikely to be fully expended within the year,
with any unspent funds being quarantined in restricted cash reserves for future expenditure.
Consultation
External Consultation - Community & Stakeholder
Nil
Internal Consultation
All areas of Council are consulted as part of the regular monitoring of budget performance.
Departments/Sections Consulted:
x Community Services x Planning & Infrastructure
Disaster Management & Public Order Building & Plumbing Services
Waste & Environmental Health DA Planning
Community Facilities Strategic Land Use Planning
Cultural Facilities Asset Design & Investigations
Asset Planning
Civil Operations
Environment
x Executive Office x Corporate Services
Community Engagement Finance
Customer Service ICT
Executive Support Procurement & Fleet
Governance Property & Facilities
Human Resources Revenue Services
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