2019-05-13 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                          13 MAY 2019


reduce over the next quarter, aligning to budget forecasts by year end, as operational and capital
expenditure outstrips expected revenue.

The pie charts following present the mix of cash held at April 2019 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


                     Bendigo                                                    A3
               Suncorp 6%                                                    (Bendigo)
                                                                           A1 6%
                  3%
              NAB                                                       (Suncorp)
              8%                                                           3%

                                                                        A1 +
      CBA                                                           (CBA + NAB +
      12%                                                             Wpac)…

                                                                                                  A1 +
                                      QTC                                                        (QTC)
                                      71%                                                         71%




The following chart monitors the year-to-date trend on total cash and the agencies invested.
During April, $4 million was drawn down from deposit with QTC and was utilised to fund
operating and capital expenditure requirements. All other investments were stable as sufficient
working cash was available to fund Council’s requirements for the month.

Figure 7: Year to Date 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


         -
             May-18 Jun-18   Jul-18   Aug-18 Sep-18   Oct-18   Nov-18 Dec-18   Jan-19   Feb-19   Mar-19   Apr-19

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




                                                                                                      Page 22 of 32