2017-12-18 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                     18 DECEMBER 2017


Figure 6: Closing Cash Held by Agency and Credit Rating

                   Bendigo                                                 A3
                     6%                                                 (Bendigo)
            Westpac                                                        6%
             11%


       NAB                                                         A1 +
       11%                                                  (CBA + NAB + Wpac)                A1 +
                                          QTC                      31%                       (QTC)
                                          63%                                                 63%
         CBA
         8%




The following chart monitors the year-to-date trend on total cash and the agencies invested.
During November, the total cash balance decreased as Council continued to utilise monies set
aside from the July rates run to cover wages and supplier payments. $5 million was also
transferred out of QTC investments to ensure a sufficient working cash balance was maintained
within the CBA operating accounts.

Figure 7: Year to Date Trend of Cash Invested by Agency
  100,000,000.00

   90,000,000.00

   80,000,000.00

   70,000,000.00

   60,000,000.00

   50,000,000.00

   40,000,000.00

   30,000,000.00

   20,000,000.00

   10,000,000.00

              -
                  Jul-17         Aug-17         Sep-17            Oct-17            Nov-17

                           QTC        Bendigo     Westpac         NAB          Suncorp         CBA



Actual interest revenue for November was $132k with a weighted average yield of 2.1%, which
reflects a positive return compared to the industry benchmark (Bloomberg AusBond Bank Bill
Index) of 1.71%.

Previous Council Consideration
Nil.


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