2018-10-15 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                             15 OCTOBER 2018


The following chart monitors the year-to-date trend on total cash and the agencies invested. To
ensure optimal return in accordance with the Investment Policy, $10 million was invested during
September with Suncorp bank in a range of term deposits. A $2 million term deposit held with
NAB bank also matured during September and was utilised to cover working capital
requirements.

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

              -
                  Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18    Jul-18   Aug-18 Sep-18

                            QTC         Bendigo       Westpac       NAB            Suncorp         CBA



Actual interest revenue for July was $150k with a weighted average yield of 2.3%, which reflects
a positive return compared to the industry benchmark (Bloomberg AusBond Bank Bill Index) of
1.9%.

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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