2017-06-12 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                       12 JUNE 2017


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

                                                                                     Bendigo
                          A2                                                           6%
                     A1   6%                                                   Suncorp
                     8%                                                          8%
                                                                         Westpac
                                                                          8%
                                           A1 +                                                   QTC
                                          (QTC)                                                   47%
                                           47%                             NAB
                 A1 +                                                      11%
                (Other)
                 39%                                                                 CBA
                                                                                     20%



Actual interest revenue for May was $153,035 with a weighted average yield of 2.39% against
the industry benchmark (Bloomberg AusBond Bank Bill Index) of 1.79%.

Previous Council Consideration

Nil

Finance & Risk

Finance – as above

Risk – Council’s strategic 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.

Departments/Sections Consulted:

x      Chief Executive Officer                x   Community Services                   x   Corporate Services
       Executive Officer to the Mayor & CEO       Community Facilities                     Financial Services
       Executive Support                          Community Development                    ICT
                                                  Libraries & Galleries                    Procurement & Fleet
                                                  Local Laws                               Property & Facilities
                                                  Waste & Environmental Health             Revenue Services

x      Executive Office                       x   Planning & Infrastructure
       Community Engagement                       Building & Plumbing Services
       Customer Service                           Civil Operations
       Economic Development                       Infrastructure Planning & Design
       Governance                                 Planning & Environment
       Human Resources                            Strategic Land Use Planning
       Sustainability



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