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2022-07-18 General Committee Meeting Agenda
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GENERAL COMMITTEE MEETING AGENDA 18 JULY 2022
including the financial assistance grant and other capital works grants, January rates payments
received, and unspent monies committed for funding capital projects which are underway and will
continue during the financial year.
The following pie charts present the mix of cash held at June 2022 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
CBA
2% A1 +
(Commercial Banks)
2%
A1 +
QTC (QTC)
98% 98%
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, which have and
will be invested in short term QTC deposits in line with Council’s Investment Policy. Management
are actively monitoring short term investment rates being offered by commercial institutions against
QTC’s cash rate to ensure the return on investment is maximised.
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
-
Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22
Bendigo TD Westpac TD NAB TD Suncorp TD CBA TD QTC CBA Operating
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