2016-07-18 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                        18 JULY 2016


Council’s investment portfolio is balanced across a number of financial institutions, as shown in
the graph on the left. The graph on the right shows the current risk profile using industry credit
ratings.

                 Suncorp             Bendigo                                    A1
                   4%                  7%                                       4%
           Westpac                                                                     A2
            0%                                                                         7%

                   NAB
                   14%
                                                                              A1+                      A1+
                                             QTC                             (Other)                  (QTC)
                                             55%                              34%                      55%
                     CBA
                     20%




The actual interest revenue for the month was $124,499 with a weighted average yield of 2.73%
against the industry benchmark (Bloomberg AusBond Bank Bill Index) of 2.03%.

Previous Council Consideration
Nil

Finance & Risk
Monthly financial performance is monitored across all operational areas to ensure Council’s
forecast operating result is achieved and that forecast sustainability ratios are met.
Operating projects not completed within the financial year may also be considered for carryover
into the 2016/17 budget as part of the annual review process currently underway, and any
unspent special levy funds from the 2015/16 year will be held as restricted cash for future
allocation in accordance with relevant legislation.

Consultation
External Consultation - Community & Stakeholder
Nil
Internal Consultation
All areas of Council are consulted as part of the regular monitoring of budget performance.
Departments/Sections Consulted:

x     Chief Executive Officer                 x    Community Services                  x    Corporate Services
      Executive Officer to the Mayor & CEO         Community Facilities                     Financial Services
      Executive Support                            Community Development                    ICT
                                                   Libraries & Galleries                    Procurement & Fleet
                                                   Local Laws                               Property & Facilities
                                                   Waste & Environmental Health             Revenue Services

x     Executive Office                        x    Planning & Infrastructure
      Community Engagement                         Building & Plumbing Services
      Customer Service                             Civil Operations
      Economic Development                         Infrastructure Planning & Design
      Governance                                   Planning & Environment
      Human Resources                              Strategic Land Use Planning
      Sustainability



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