2019-07-15 General Committee Agenda

GENERAL COMMITTEE MEETING REPORT                                                                        15 JULY 2019

Cash Management and Investment Performance
Total cash on hand at the end of June 2019 was $56.0 million. Included in this balance are funds
held in trust and for restricted purposes (e.g. unexpended levy and grant funds) and any unspent
monies committed for funding capital projects which are underway and will carryover into the
2019/20 financial year.
The pie charts following present the mix of cash held at June 2019 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


               Bendigo                                                            A3
         Suncorp 7%                                                           (Bendigo)
           4%                                                              A1     7%
                                                                        (Suncorp)
     NAB                                                                   4%
     11%
                                                                      A1 +
      CBA                                                         (CBA + NAB +
      11%                                                           Wpac)…                           A1 +
                                                                                                    (QTC)
                                          QTC                                                        67%
                                          67%




The following chart monitors the year-to-date trend on total cash and the agencies invested. During
June, $10 million was drawn down from deposit with QTC to fund an early repayment of loan
borrowings as adopted at Council’s Ordinary Meeting on 16 May 2019. A further $2 million was
also drawn down to fund operating and capital expenditure requirements.

Figure 7: Year to Date Trend of Cash Invested by Agency

 90,000,000


 80,000,000


 70,000,000


 60,000,000


 50,000,000


 40,000,000


 30,000,000


 20,000,000


 10,000,000


         -
             Jul-18   Aug-18 Sep-18   Oct-18   Nov-18 Dec-18   Jan-19   Feb-19   Mar-19   Apr-19   May-19 Jun-19

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



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