2022-10-24 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                24 OCTOBER 2022


The following pie charts present the mix of cash held at September 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


                 NAB
                 8%
                                                       A1 +
           CBA                                      (Commercial
           30%                                        Banks)           A1 +
                                                       38%            (QTC)
                            QTC                                        62%
                            62%




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 September. 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, $40 million had been invested in term
deposits as at September 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




Measures of Financial Sustainability
The following table incorporates a set of financial sustainability indicators to further assist in
managing Council financial performance. There are no current emerging risks regarding
performance noting the early stage of the financial year.


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