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2016-01-11 General Committee Agenda
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GENERAL COMMITTEE MEETING AGENDA 11 JANUARY 2016
Cash Management and Investment Performance
Council funds are invested in accordance with the adopted Investment Policy. Total cash on hand
as at 31 December 2015 was $56.7 million. The cash balance includes constrained funding carried
forward for capital projects still under construction, plus unspent funds from special rates and
levies.
Council’s investment portfolio is balanced across a number of agencies, as shown in the graph on
the left. The graph on the right shows the current risk profile using industry credit ratings.
Bendigo
7%
A2
7%
A1
Suncorp 18%
A1+
18% QTC (QTC)
Westpac 48% 48%
3%
NAB A1+
11% (Other)
CBA 27%
13%
The actual interest revenue for the month was $136,026 with a weighted average yield of 2.62%
against the industry benchmark (Bloomberg AusBond Bank Bill Index) of 2.27%.
Previous Council Consideration
Nil
Finance & Risk
Monthly financial performance is monitored across all operational areas to ensure Council’s
forecast operating result is achieved.
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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