2022-02-14 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                  14 FEBRUARY 2022


Capital Revenue
YTD capital revenue of $9.8 million received comprises cash contributions from developers ($1.6
million) and capital grants ($7.7 million). Note that the timing of capital grant receipts are generally
dependent on the timing of grant conditions and also capital delivery performance, and that the
timing of the receipt of developer contributions (both cash and contributed) is unpredictable.
Figure 4: Capital Revenue by Type

  $9.0
                                                 $7.7               $7.7
  $8.0
                                                                           YTD Budget ($m)
  $7.0
                                                                           YTD Actual ($m)
  $6.0
  $5.0
  $4.0
  $3.0
                 $1.5                    $1.6
  $2.0
                                                                                $0.7                 $0.7
  $1.0
  $0.0
                         Contributions




                                                        Subsidies




                                                                                       Contributed
                                                         Grants /




                                                                                         Assets
                            Cash




Capital Program
Actual capital expenditure (excluding commitments) is $17.0 million (YTD budget $20.0 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
 $18.0
                 $15.7
 $16.0
                                         $13.4                              YTD Budget ($m)
 $14.0
                                                                            YTD Actual ($m)
 $12.0
 $10.0
  $8.0
  $6.0
  $4.0
                                                 $1.9               $1.2
  $2.0                                                                          $0.6                 $0.6
  $0.0
                  Capital works                   Other capital                Loan redemption


Cash Management and Investment Performance
Total cash on hand at the end of January was $83.2 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, January rates payments
received, and unspent 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 January 2022 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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