2019-03-18 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                     18 MARCH 2019


Figure 4: Capital Revenue by Type

$2.0
                                              YTD Budget ($m)
$1.8
                                              YTD Actual ($m)
$1.6
$1.4
$1.2
$1.0
$0.8
$0.6
$0.4
$0.2
$0.0
                 Contributions




                                            Subsidies




                                                                       Contributed
                                             Grants /




                                                                         Assets
                    Cash




Capital Expenditure Program
Actual capital expenditure (excluding commitments) is $19.2 million (YTD budget $21.5 million).
Detailed discussion of progress in the delivery of the capital works program is provided via a
separate report by the Infrastructure Services Department.

Figure 5: Capital Program Delivery Performance

$20.0
                                                                YTD Budget ($m)
$18.0
                                                                YTD Actual ($m)
$16.0
$14.0
$12.0
$10.0
 $8.0
 $6.0
 $4.0
 $2.0
 $0.0
                            Capital works                   Other capital




Cash Management and Investment Performance
Total cash on hand at the end of February 2019 was $78 million reflecting the receipt of the majority
of the January rates and charges levy. Also included in this balance are funds held in trust and for
restricted purposes (e.g. unexpended levy and grant funds).

The pie charts following present the mix of cash held at February 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.


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