2022-11-14 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                             14 NOVEMBER 2022


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 August and will decline as operational and capital expenditure occurs until
the next rating cycle. 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 October 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.

 Category                                                            Comments
 Operating Surplus Ratio                                              Intent: Identifies the extent to
                                                                       which revenues cover
                                                                       operational expenses, to
                                                                       ensure community equity is
                                                                       not degraded
                                                                      Target: 0 – 10%
                                                                      Result: 29.4%
                                                                      Comment: The slowly
                                                                       declining ratio reflects the
                                                                       levying of 50% of rates in July
                                                                       and gradual utilisation of
                                                                       these monies as expenditure
                                                                       occurs on operations through
                                                                       to the next rating cycle in
                                                                       January 2023.



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