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2017-10-16 General Committee Agenda
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GENERAL COMMITTEE MEETING AGENDA 16 OCTOBER 2017
The following figures present the mix of cash held at September 2017 by agency (graph on the
left) and by credit risk rating (graph on the right).
Figure 6: Closing Cash Held by Agency and Credit Rating
Bendigo A3
Westpac 5% 5%
10%
NAB
10% A1 +
(Other)
35%
A1 +
QTC (QTC)
CBA 60% 60%
16%
The following chart monitors the year-to-date trend on total cash and the agencies invested.
Figure 7: Year to Date Trend of Cash Invested by Agency
100,000,000.00
90,000,000.00
80,000,000.00
70,000,000.00
60,000,000.00
50,000,000.00
40,000,000.00
30,000,000.00
20,000,000.00
10,000,000.00
-
Jul-17 Aug-17 Sep-17
Bendigo Suncorp Westpac NAB QTC CBA
Actual interest revenue for September was $120k with a weighted average yield of 1.71% against
the industry benchmark (Bloomberg AusBond Bank Bill Index) of 1.70%. Yield in future months is
anticipated to be higher than the industry benchmark due to the new investments with higher
returns.
Previous Council Consideration
Nil
Page 14 of 18
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