2018-01-15 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                            15 JANUARY 2018


Cash Management and Investment Performance
Total cash on hand at the end of December was $66.1 million. Included in this balance are funds
held in trust and for restricted purposes (e.g. unexpended levy and grant funds) and monies
committed for funding capital projects during the year.

The pie charts on the following page present the mix of cash held at December 2017 by agency
(graph on the left) and by credit risk rating (graph on the right).


Figure 6: Closing Cash Held by Agency and Credit Rating

                Bendigo                                           A3
                  6%                                           (Bendigo)
         Westpac                                                  6%
          12%



      NAB                                                 A1 +
      12%                         QTC              (CBA + NAB + Wpac)            A1 +
                                  60%                     31%                   (QTC)
                                                                                 63%
         CBA
         10%




The following chart monitors the year-to-date trend on total cash and the agencies invested.
During December, the total cash balance continued to decrease as Council utilised monies set
aside from the July rates run to cover wages and supplier payments. A further $5 million was
transferred out of QTC investments during December to ensure a sufficient working cash balance
was maintained within the CBA operating accounts to pay suppliers and wages.

Looking ahead, monies from the January 2018 rate run will be received during February and
March. This will supplement cash balances to fund Council’s operations during the second half of
the financial year.




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