2021-06-14 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                                                          14 JUNE 2021


The following chart monitors the 12-month trend on total cash and the agencies invested. Payments
received in February through to April from bi-annual rates generated a significant increase in cash,
which was has been invested in short term QTC deposits in line with Council’s Investment Policy.

Figure 7: 12 Month Trend of Cash Invested by Agency
100,000,000

 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

           -
               Jun-20   Jul-20        Aug-20     Sep-20      Oct-20       Nov-20     Dec-20       Jan-21   Feb-21   Mar-21   Apr-21    May-21


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




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 financial
performance year to date.

 Category                                                                                                    Comments
 Operating Surplus Ratio                                                                                           Intent: Identifies the extent to
    90%                                                                                                             which revenues cover operational
    80%
           77.3%                                                                                                    expenses, to ensure community
    70%
                                                                                                                    equity is not degraded.
                     59.1%
    60%                                                                                                            Target: 0 – 10%
    50%                      43.2%                                                                                 Result: 10.0%
                                                            37.9%
    40%                              30.9%                          30.7%                                          Comment: The ratio will decline
    30%                                                                     22.4%                                   through to June as the January
                                             15.7%                                  16.9%
    20%
                                                                                            10.0%                   rates are expended on delivery of
    10%                                              4.6%                                                           Council services.
     0%
    -10%
               Jul   Aug     Sep      Oct    Nov     Dec     Jan    Feb     Mar      Apr    May     Jun


                           Actual                      Budget                          Target




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