2016-03-10 Ordinary Meeting Agenda

ORDINARY MEETING AGENDA                                                         10 MARCH 2016


Cash Management and Investment Performance

Council funds are invested in accordance with the adopted Investment Policy. Total cash on
hand at the end of February was $ 78.3 million following the January rate levy income received.
The cash balance includes constrained funding for capital projects still under construction, plus
unspent funds from special rates and levies.

Council’s investment portfolio is balanced across a number of agencies, as shown in the graph
on the left. The graph on the right shows the current risk profile using industry credit ratings.

                              Bendigo                             A2
           Suncorp
                                5%                                5%
             8%
                                                                   A1
                                                                   8%
      Westpac
       10%                                                                         A1+
                                   QTC
                                                                                  (QTC)
                                   44%
                                                                                   44%

                NAB                                             A1+
                18%                                            (Other)
                                                                43%
                        CBA
                        15%




The actual interest revenue for the month was $150,810 with a weighted average yield of 2.70%
against the industry benchmark (Bloomberg AusBond Bank Bill Index) of 2.31%.


Previous Council Consideration

Nil

Finance & Risk

The year-end forecast will be reviewed using the actual income and expenditure figures as at 31
March, and will form the base year for the 2016/17 budget development. Monthly financial
performance is monitored across all operational areas to ensure Council’s forecast operating
result is achieved.

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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