2021-07-15 Ordinary Meeting Agenda

ORDINARY MEETING AGENDA                                                                                    15 JULY 2021


Figure 4: Capital Revenue by Type

$14.0
                                              $11.6
$12.0                                                            $11.2
                                                                         YTD Budget ($m)
$10.0                                                                    YTD Actual ($m)
 $8.0

 $6.0

 $4.0
                                       $2.5
                $1.6                                                          $2.0
 $2.0
                                                                                                   $0.6
 $0.0



                                                     Subsidies
                       Contributions




                                                                                     Contributed
                                                      Grants /




                                                                                       Assets
                          Cash




Capital Program
Actual capital expenditure (excluding commitments) is $24.0 million (annual budget $31.2 million).
Detailed discussion of progress in the delivery of the capital works program is provided through a
separate quarterly report by the Asset Planning Manager.

Figure 5: Capital Program Delivery Performance

$30.0
               $24.8
$25.0                                            YTD Budget ($m)
                                                 YTD Actual ($m)
                                   $19.2
$20.0

$15.0

$10.0

                                              $4.1
 $5.0                                                                        $2.4                  $2.4
                                                                 $2.3

 $0.0
               Capital works                  Other capital                 Loan redemption



Cash Management and Investment Performance
Total cash on hand at the end of June was $68.9 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, as well as any other 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 June 2021 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.




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