2018-02-12 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                 12 FEBRUARY 2018


Figure 6: Closing Cash Held by Agency and Credit Rating

                  Bendigo                                             A3
                    6%                                             (Bendigo)
            Westpac
                                                                      6%
             9%

       NAB
                                                             A1 +
       9%
                                                         (CBA + NAB +
                                                           Wpac)…
      CBA
      8%                                                                             A1 +
                                       QTC                                          (QTC)
                                       69%                                           69%




The following chart monitors the year-to-date trend on total cash and the agencies invested.
During January, a number of term deposits matured. The July rates also were levied. While the
bulk of cash from the rates levy is forecast to be received in February, these early payments
provided sufficient surplus cash for $8 million to be reinvested into QTC deposits in line with
Council’s Investment Policy.
During February, further investments will be made across a spread of commercial term deposits
and QTC investments as the remainder of rates is received.

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   Oct-17     Nov-17        Dec-17      Jan-18

                          QTC       Bendigo    Westpac       NAB          Suncorp       CBA




Actual interest revenue for January was $136k with a weighted average yield of 2.3%, which
reflects a positive return compared to the industry benchmark (Bloomberg AusBond Bank Bill
Index) of 1.71%.


                                                                                         Page 7 of 19