2023-03-13 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING REPORT                                                   13 MARCH 2023


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 holdings. To
maximise the return on in its cash holdings Council currently has $50 million invested in higher
yielding term deposits. These investments were made in line with Council’s Investment of Surplus
Funds policy.

Figure 7: 12 Month Trend of Cash Invested by Agency




Measures of Financial Sustainability
The following table incorporates a set of financial sustainability indicators to further assist in
managing Council financial performance. There are no current emerging risks regarding
performance noting the early stage of the financial year.




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