2020-03-16 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                         16 MARCH 2020


Figure 5: Capital Program Delivery Performance

$16.0
                   $14.1                                      YTD Budget ($m)
$14.0
                                $12.1
                                                              YTD Actual ($m)
$12.0

$10.0

 $8.0

 $6.0

 $4.0                                                      $2.7
                                                                         $1.7
 $2.0

 $0.0
                     Capital works                           Other capital




Cash Management and Investment Performance
Total cash on hand at the end of February was $79 million, including funds held in trust and for
restricted purposes (e.g. unexpended levy and grant funds), the prepaid financial assistance grant,
January rate levy funds received as well as any other unspent monies committed for funding capital
projects which are underway and will continue during the financial year.

The following pie charts present the mix of cash held at February 2020 by agency (graph on the
left) and by credit risk rating (graph on the right). All funds have been invested in accordance with
the Investment Policy and in consideration of the principles of ethical investment, preservation of
capital, return on investment and counterparty thresholds.

Figure 6: Closing Cash Held by Agency and Credit Rating


                     Bendigo                                                    A3
                       3%                                                    (Bendigo)
             CBA
                                                                  A1 +          3%
             11%
                                                              (CBA + NAB +
                                                                Wpac)…




                                                                                          A1 +
                                     QTC                                                 (QTC)
                                     87%                                                  87%




The following chart monitors the 12-month trend on total cash and the agencies invested.
Payments received in February from bi-annual rates generated a significant increase in cash,
which was has been invested in short term QTC deposits in line with Council’s Investment Policy.




                                                                                            Page 22 of 29