Financial Performance Report – November 2023 · Financial Performance Report

GENERAL COMMITTEE MEETING                                                     11 DECEMBER 2023



Cash Management and Investment Performance
Total cash on hand at the end of November was $116.9 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, QRA disaster funding and other capital works
grants, prepayment of Waste Levy subsidy (4 years), 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 2023 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




The following chart monitors the 12 month trend on total cash and the agencies invested. To
maximise the return on in its cash holdings Council has invested $30 million in higher yielding term
deposits. These investments were made in line with Council’s Investment of Surplus Funds policy.

Figure 7: 12 Month Trend of Cash Invested by Agency