2019-12-16 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                               16 DECEMBER 2019


Cash Management and Investment Performance
Total cash on hand at the end of November was $60 million, including funds held in trust and for
restricted purposes (e.g. unexpended levy and grant funds), the prepaid financial assistance
grant and 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 November 2019 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
              NAB 3%
          CBA 7%                                              A1 + (Bendigo)
          3%                                              (CBA + NAB + 3%
                                                            Wpac)…




                                                                                 A1 +
                               QTC                                              (QTC)
                               87%                                               87%




The following chart monitors the 12 month trend on total cash and the agencies invested. During
November, $4 million in term deposits with Commonwealth Bank matured. These matured
investments were utilised to fund operating and capital expenditure requirements for November.




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