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2022-05-16 General Committee Meeting Agenda
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GENERAL COMMITTEE MEETING AGENDA 16 MAY 2022
Cash Management and Investment Performance
Total cash on hand at the end of April was $97.2 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, January rates
payments received, 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 April 2022 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
3% A1 +
(Commercial…
QTC A1 +
97% (Q…
The following chart monitors the 12 month trend on total cash and the agencies invested.
Payments received in February from bi-annual rates generated a significant increase in cash,
which have and will be invested in short term QTC deposits in line with Council’s Investment
Policy. The QTC cash rate currently offers the best available short term investment rate
when compared to rates being offered by the commercial institutions.
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
-
May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22
Bendigo TD Westpac TD NAB TD Suncorp TD CBA TD QTC CBA Operating
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