2018-12-17 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                            17 DECEMBER 2018


The following chart monitors the year-to-date trend on total cash and the agencies invested.
During November, $4 million in term deposits held with NAB and Suncorp banks matured and
has been reinvested with CBA. In addition, $6 million was withdrawn from the QTC short-term
cash fund investment to cover working capital requirements.

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

  100,000,000

   90,000,000

   80,000,000

   70,000,000

   60,000,000

   50,000,000

   40,000,000

   30,000,000

   20,000,000

   10,000,000

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

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



Actual interest revenue for November was $147k with a weighted average yield of 2.7%, which
reflects a positive return compared to the industry benchmark (Bloomberg AusBond Bank Bill
Index) of 2.1%.

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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