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2022-12-12 General Committee Meeting Agenda
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GENERAL COMMITTEE MEETING AGENDA 12 DECEMBER 2022
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. Cash
balances are at the peak of the cycle following the bi-annual issue of rates and levies in July and
payments received to August and will decline as operational and capital expenditure occurs until
the next rating cycle. Coinciding with RBA rate increases, commercial bank term deposit interest
rates have risen and currently offer a much higher yield than the QTC cash rate. In order to
maximise Council’s return on its cash holdings, $60 million has been invested in term deposits as
at November 2022. These investments were made in line with Council’s Investment of Surplus
Funds policy.
Figure 7: 12 Month Trend of Cash Invested by Agency
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