2020-09-14 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                        14 SEPTEMBER 2020


Cash Management and Investment Performance
Total cash on hand at the end of August was $74 million. Included in this balance are funds held
in trust and for restricted purposes (e.g. unexpended levy and grant funds), prepaid grants
including the financial assistance grant and other capital works grants, July rates payments
continuing to flow in, and unspent monies committed for funding capital projects which are
underway and carrying over from 2019/20 into the 2020/21 financial year.
The following pie charts present the mix of cash held at August 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



                      CBA                                                                       A1 +
                      9%                                                                      (CBA +…




                                   QTC                                                                          A1 +
                                   91%                                                                         (QT…




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 has increased cash balances during
August and will continue to do so through to September with the extended 60-day payment terms
adopted for the 2020/21 budget. 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
 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

         -
             Sep-19   Oct-19   Nov-19   Dec-19   Jan-20   Feb-20 Mar-20   Apr-20   May-20   Jun-20   Jul-20    Aug-20


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



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