2020-11-16 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                          16 NOVEMBER 2020


Cash Management and Investment Performance
Total cash on hand at the end of October was $70 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, the July rates payments as
well as any other 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 October 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 +
                    10%                                                                         (CBA +…




                                      QTC                                                                   A1 +
                                      90%                                                                  (QTC…




The following chart monitors the 12 month trend on total cash and the agencies invested. Cash
balances will decline between September and January as cash from the bi-annual issue of rates
and levies in July are utilised to fund Council operations. During October, $5 million was withdrawn
from QTC investments.

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

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


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



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