2016-05-16 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                    16 MAY 2016


Capital Works Program

Actual capital expenditure (excluding commitments) is $22.2 million against the current full-year
budget of $35.4 million. Committed expenditure totals a further $6.1 million bringing the total of
actual and committed funds to $28.3 million (80% of the total program). Detailed discussion of
progress in the delivery of the capital works program is provided through a separate report by the
Infrastructure Planning & Design Manager.

Cash Management and Investment Performance

Council funds are invested in accordance with the adopted Investment Policy. Total cash on
hand at the end of April was $65.3 million following significant payments to contractors for
delivery of major projects through the month of April.

Council’s investment portfolio is balanced across a number of agencies, as shown in the graph
on the left. The graph on the right shows the current risk profile using industry credit ratings.

              Bendigo
                6%
       Suncorp
                                                                     A2
         9%                                                       A1 6%
                                                                  9%
                                                                                   A1+
                                   QTC
             Westpac                                                              (QTC)
                                   47%
              12%                                                                  47%
                                                                A1+
                                                               (Other)
                 NAB                                            38%
                 22%
                                       CBA
                                       4%

The actual interest revenue for the month was $167,438 with a weighted average yield of 3.06%
against the industry benchmark (Bloomberg AusBond Bank Bill Index) of 2.47%.

Previous Council Consideration

Nil

Finance & Risk

Monthly financial performance is monitored across all operational areas to ensure Council’s
forecast operating result is achieved and that forecast sustainability ratios are met.

Consultation

External Consultation - Community & Stakeholder

Nil

Internal Consultation

All areas of Council are consulted as part of the regular monitoring of budget performance.




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