2019-06-17 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                      17 JUNE 2019


The pie charts following present the mix of cash held at May 2019 by agency (graph on the 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


                Bendigo                                                            A3
          Suncorp 6%                                                            (Bendigo)
                                                                           A1
            3%                                                                     6%
                                                                        (Suncorp)
        NAB
                                                                           3%
        9%
                                                                       A1 +
      CBA                                                          (CBA + NAB +
      9%                                                             Wpac)…
                                                                                                    A1 +
                                                                                                   (QTC)
                                                                                                    73%
                                        QTC
                                        73%




The following chart monitors the year-to-date trend on total cash and the agencies invested.
During May, $2 million was drawn down from deposit with QTC and was utilised to fund operating
and capital expenditure requirements. All other investments were stable as sufficient working
cash was available to fund Council’s requirements for the month.

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

 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

         -
             Jun-18   Jul-18   Aug-18 Sep-18   Oct-18   Nov-18 Dec-18   Jan-19   Feb-19 Mar-19   Apr-19 May-19

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



Council has also adopted, at the Ordinary Meeting on 16 May 2019, to undertake an early loan
repayment on 28 June 2019 to reduce old loan borrowings by $10 million. This repayment will
also reduce closing cash balances, and is not reflected in the budget and attached financial
statements.

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