2019-04-15 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                    15 APRIL 2019


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

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

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



Actual interest revenue for March was $169k with a weighted average yield of 2.6%, which
reflects a positive return compared to the industry benchmark (Bloomberg AusBond Bank Bill
Index) of 2.0%.

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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