2021-03-15 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                          15 MARCH 2021


   Figure 4: Capital Revenue by Type

     $6.0
                                                            $5.3

     $5.0
                                                                   YTD Budget ($m)
                                                                   YTD Actual ($m)
     $4.0
                                             $3.1
     $3.0

     $2.0
                  $1.2                $1.2
     $1.0
                                                                        $0.0             $0.0
     $0.0
                      Contributions




                                                Subsidies




                                                                           Contributed
                                                 Grants /




                                                                             Assets
                         Cash




   Capital Program
   Actual capital expenditure (excluding commitments) is $15.2 million (YTD budget $14.9
   million). Detailed discussion of progress in the delivery of the capital works program is
   provided through a separate report by the Asset Planning Manager.

   Figure 5: Capital Program Delivery Performance

    $12.0                         $11.4
                 $10.9

    $10.0                                       YTD Budget ($m)
                                                YTD Actual ($m)
     $8.0

     $6.0

     $4.0
                                                                       $2.4              $2.4
     $2.0                                    $1.6           $1.4


     $0.0
                  Capital works              Other capital            Loan redemption



   Cash Management and Investment Performance
   Total cash on hand at the end of February was $82 million. Included in this balance are funds
   held in trust and for restricted purposes (e.g. unexpended levy and grant funds), cash inflows
   from the January rate levy, 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 February 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.

                                                                                                Page 71 of 80