2021-02-15 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                         15 FEBRUARY 2021


Cash Management and Investment Performance
Total cash on hand at the end of January was $65 million. Included in this balance are funds held
in trust and for restricted purposes (e.g. unexpended levy and grant funds), cash inflows beginning
from the January rate levy, prepaid grants including the financial assistance grant and other capital
works grants, as well as any other 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 January 2021 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



                                    CBA                                                       A1 +
                                    3%                                                  (Commercial Banks)…




                                QTC                                                             A1 +
                                97%                                                            (QTC…




The following chart monitors the 12 month trend on total cash and the agencies invested. While
the bulk of cash from rates and levy is forecast to be received in February, early payments
received during January provided for an increase in cash overall of $4 million. This will be
reinvested in February in line with Council’s Investment Policy.
Figure 7: 12 Month Trend of Cash Invested by Agency
  90,000,000


  80,000,000


  70,000,000


  60,000,000


  50,000,000


  40,000,000


  30,000,000


  20,000,000


  10,000,000


          -
              Feb-20   Mar-20   Apr-20   May-20   Jun-20   Jul-20   Aug-20   Sep-20   Oct-20   Nov-20   Dec-20     Jan-21


               Bendigo TD         Westpac TD        NAB TD          Suncorp TD        CBA TD       QTC           CBA Operating



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