2016-12-12 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                            12 DECEMBER 2016


Cash Management and Investment Performance

Council funds are invested in accordance with the adopted Investment Policy. Total cash on
hand at the end of November was $66.2 million.

Council’s investment portfolio is balanced across a number of agencies, as shown in the graph
on the left. The graph on the right shows the current risk profile using industry credit ratings.

                  Bendigo                                         A1
                    6%                                            0%
       Westpac                                                         A2
        18%                                                            6%

                                                                                   A1+
                                   QTC
                                                                                  (QTC)
                                   47%
                                                              A1+                  46%
                                                             (Other)
       NAB                                                    48%
       12%
                     CBA
                     17%



Actual interest revenue for November was $136,396 with a weighted average yield of 2.38%
against the industry benchmark (Bloomberg AusBond Bank Bill Index) of 1.77%.

Previous Council Consideration

Nil.

Finance & Risk

Monthly financial performance is monitored across all operational areas to ensure Council’s
forecast operating result is achieved and that financial sustainability ratios are met. Ongoing
budget adjustments will be considered as part of the December Quarter reviews with a primary
consideration being maintenance of the operating surplus.

Consultation

External Consultation - Community & Stakeholder

Nil.

Internal Consultation

All areas of Council are consulted as part of the regular monitoring of budget performance.




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