2018-03-12 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                     12 MARCH 2018


The following chart monitors the year-to-date trend on total cash and the agencies invested.
During February, cash was received from the second rates run for the financial year. Council has
commenced its investment process for optimal return on investment until this cash is required
later in the year. $14 million has been invested into QTC deposits with new commercial term
deposits to be secured over the coming weeks.

Figure 7: Year to Date Trend of Cash Invested by Agency

  100,000,000.00

   90,000,000.00

   80,000,000.00

   70,000,000.00

   60,000,000.00

   50,000,000.00

   40,000,000.00

   30,000,000.00

   20,000,000.00

   10,000,000.00

              -
                  Jul-17   Aug-17   Sep-17    Oct-17    Nov-17    Dec-17    Jan-18    Feb-18

                           QTC      Bendigo       Westpac        NAB       Suncorp      CBA



Actual interest revenue for January was $126k with a weighted average yield of 1.9%, which
reflects a positive return compared to the industry benchmark (Bloomberg AusBond Bank Bill
Index) of 1.71%.

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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