2022-03-14 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                    14 MARCH 2022


Cash Management and Investment Performance
Total cash on hand at the end of February was $106.1 million. Included in this balance are funds
held in trust and for restricted purposes (e.g. unexpended levy and grant funds), prepaid grants
including the financial assistance grant and other capital works grants, January rates payments
received, and unspent monies committed for funding capital projects which are underway and will
continue during the financial year.
The following pie charts present the mix of cash held at February 2022 by agency (graph on the
left) and by credit risk rating (graph on the right). All funds have been invested in accordance with
the Investment Policy and in consideration of the principles of ethical investment, preservation of
capital, return on investment and counterparty thresholds.

Figure 6: Closing Cash Held by Agency and Credit Rating




The following chart monitors the 12 month trend on total cash and the agencies invested. Payments
received in February from bi-annual rates generated a significant increase in cash, which have and
will be invested in short term QTC deposits in line with Council’s Investment Policy. The QTC cash
rate currently offers the best available short term investment rate when compared to rates being
offered by the commercial institutions.

Figure 7: 12 Month Trend of Cash Invested by Agency
120,000,000


100,000,000


 80,000,000


 60,000,000


 40,000,000


 20,000,000


         -
             Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22

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




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