2022-08-15 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                            15 AUGUST 2022


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. The bi-
annual issue of rates and levies occurred in July, which will increase cash balances from July
through August. Coinciding with RBA rate increases, commercial bank term deposit interest rates
are beginning to rise and are currently offering a much higher yield than the QTC cash rate. During
July, $30 million was placed in term deposits to maximise Council’s return on its cash holdings.
These investments were made in line with Council’s Investment of Surplus Funds policy.
Management will continue to monitoring short term investment rates to identify further opportunities
for investment as rates cash flow continues through August and interest rates continue to move.

Figure 7: 12 Month Trend of Cash Invested by Agency
 120,000,000



 100,000,000



  80,000,000



  60,000,000



  40,000,000



  20,000,000



          -
              Aug-21   Sep-21   Oct-21   Nov-21   Dec-21   Jan-22    Feb-22   Mar-22   Apr-22   May-22   Jun-22     Jul-22


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




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