2015-03-31 Planning & Organisation Committee Agenda

PLANNING & ORGANISATION COMMITTEE MEETING AGENDA                                      31 MARCH 2015


4.       Capital Works Program
Year to date capital expenditure is $5.7 million against a revised (YTD) budget of $9.8 million.
This equates to approximately 24% completion of the 2014/15 capital program.

     8,000,000                                                        30,000,000

     6,000,000                                                        25,000,000

     4,000,000
                                                                      20,000,000
     2,000,000
                                                                      15,000,000
            0
                  Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun     10,000,000
 -2,000,000

 -4,000,000                                                           5,000,000

 -6,000,000                                                           0

            Budget          Actual     Accum Budget (RHS)   Accum Actual (RHS)


Program managers have been working on methods to accelerate the delivery of the capital
program, with significant works commencing in March and expected to continue through until
June.

Detailed discussion of progress in the delivery of the capital works program is provided to the
Infrastructure and Services Committee. The attached schedule of capital works shows the
specific financial performance for each program.

5.       Cash Management and Investment Performance
Council funds are invested in accordance with the adopted Investment Policy. Total cash on
hand as at 28 February 2015 was $73.7 million following the influx of funds associated with the
January rates levy. The investment portfolio is balanced across a number of institutions, as
shown in the graph on the left. The graph on the right shows the current risk profile using industry
credit ratings.

                  Suncorp            Bendigo                           A2
                    8%                 3%                              3%
       Westpac
                                                                                 A1
         3%
                                                                                 8%

                                         QTC
                 NAB                     45%                                           A1+
                 22%                                                                  (QTC)
                                                                            A1+        45%
                                                                          (Other)
                                                                           44%
                        CBA
                        19%




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