2018-11-12 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                          12 NOVEMBER 2018


November. In addition, $5 million was withdrawn from QTC short-term cash fund investment to
cover working capital requirements.

Figure 7: Year to Date Trend of Cash Invested by Agency

  100,000,000.00

   90,000,000.00

   80,000,000.00

   70,000,000.00

   60,000,000.00

   50,000,000.00

   40,000,000.00

   30,000,000.00

   20,000,000.00

   10,000,000.00

              -
                  Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18   Jul-18    Aug-18 Sep-18 Oct-18

                            QTC         Bendigo       Westpac       NAB              Suncorp       CBA



Actual interest revenue for October was $150k with a weighted average yield of 2.6%, which
reflects a positive return compared to the industry benchmark (Bloomberg AusBond Bank Bill
Index) of 2.1%.

Previous Council Consideration
Nil.

Finance
As above.

Risks & Opportunities
Council’s risk register includes a number of risks that could impact on ongoing financial
sustainability. Effective budget management and reporting is an important risk mitigation tool.

Consultation
External Consultation - Community & Stakeholder
Nil.

Internal Consultation
All areas of Council are consulted as part of the regular monitoring of budget performance.




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