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2019-01-14 General Committee Meeting Agenda
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GENERAL COMMITTEE MEETING AGENDA 14 JANUARY 2019
Figure 6: Closing Cash Held by Agency and Credit Rating
Bendigo A3
7% (Bendigo)
Suncorp A1 7%
10% (Suncorp
)
10% A1 +
(QTC)
NAB 55%
14% QTC A1 +
55% (CBA + NAB +
Wpac)
28%
CBA
14%
The following chart monitors the year-to-date trend on total cash and the agencies invested. During
December, $4 million in term deposits held with NAB and Suncorp banks matured and was
reinvested with NAB. In addition, $3 million was withdrawn from the QTC short-term cash fund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
-
Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18
Bendigo TD Westpac TD NAB TD Suncorp TD CBA TD QTC CBA Operating
Actual interest revenue for December was $150k with a weighted average yield of 2.7%, which
reflects a positive return compared to the industry benchmark (Bloomberg AusBond Bank Bill
Index) of 2.0%.
Previous Council Consideration
Nil.
Page 36 of 40
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