2022-06-13 General Committee Meeting Agenda PUBLIC

GENERAL COMMITTEE MEETING AGENDA                                                    13 JUNE 2022


Cash Management and Investment Performance
Total cash on hand at the end of May was $92.3 million. Included in this balance are funds held in
trust and for restricted purposes (e.g. unexpended levy and grant funds), prepaid grants 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 May 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
                                                                      4%
                  A1 +
             (Commercial Banks)
                   4%




                         A1 +
                        (QTC)                                               QTC
                         96%                                                96%




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




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