01 Financial Performance Report - Jul 2021

GENERAL COMMITTEE MEETING AGENDA                                                                    16 AUGUST 2021


Figure 4: Capital Revenue by Type

 $2.5
                                                                $2.1
 $2.0                                                                  YTD Budget ($m)
                                                                       YTD Actual ($m)
 $1.5

 $1.0

 $0.5          $0.3                   $0.3

                                             $0.0                           $-                 $-
 $0.0
                      Contributions




                                                    Subsidies




                                                                                 Contributed
                                                     Grants /




                                                                                   Assets
                         Cash




Capital Program
Actual capital expenditure (excluding commitments) is $284k (YTD budget $315k). Capital
carryovers included in the budget review will increase the total capital program. 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

 $0.3
               $0.2

                                      $0.2      YTD Budget ($m)
 $0.2
                                                YTD Actual ($m)

 $0.2


 $0.1                                        $0.1               $0.1



 $0.1

                                                                            $-                 $-
 $0.0
               Capital works                 Other capital                Loan redemption




Cash Management and Investment Performance
Total cash on hand at the end of July was $74 million. Included in this balance are funds held in trust
and for restricted purposes (e.g. unexpended levy and grant funds), the prepaid financial assistance
grant and unspent monies committed for funding capital projects which are underway and will likely
carryover into the 2021/22 financial year.

The pie charts on the following page present the mix of cash held at July 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