02 Financial Performance Report - Aug 2021

GENERAL COMMITTEE MEETING AGENDA                                                                                        13 SEPTEMBER 2021


The following chart monitors the year-to-date trend on total cash and the agencies invested. The bi-
annual issue of rates and levies occurred in July, which will increase cash balances from July through
to August. During August, $20 million from rates payment was deposited into QTC cash deposits in
line with Council’s Investment of Surplus Funds Policy.

Figure 7: 12 Month Trend of Cash Invested by Agency
 120,000,000



 100,000,000



  80,000,000



  60,000,000



  40,000,000



  20,000,000



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


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


Measures of Financial Sustainability
The following table incorporates a set of financial sustainability indicators to further assist in
managing Council financial performance. There are no current emerging risks regarding
performance noting the early stage of the financial year.

 Category                                                                                            Comments
 Operating Surplus Ratio                                                                                    Intent: Identifies the extent to
     90% 82.6%                                                                                               which revenues cover operational
     80%
                                                                                                             expenses, to ensure community
     70%
                                                                                                             equity is not degraded
                     60.9%
     60%                                                                                                    Target: 0 – 10%
     50%                                                                                                    Result: 60.9%
     40%                                                                                                    Comment: The high ratio reflects
     30%                                                                                                     the levying of rates in July, which
     20%                                                                                                     will degrade as expenditure
     10%                                                                                                     occurs on operations through the
      0%                                                                                                     financial year to 30 June 2022
    -10%
               Jul   Aug     Sep    Oct   Nov    Dec     Jan    Feb    Mar     Apr   May    Jun


                           Actual                   Budget                       Target