Financial Performance Report – October 2023 · Financial Performance Report

GENERAL COMMITTEE MEETING                                                 13 NOVEMBER 2023



Figure 4: Capital Revenue by Type




Capital Program
Actual capital expenditure (excluding commitments) is $17.7 million (YTD budget $16.1 million).
Detailed discussion of progress in the delivery of the capital works program is provided through
a separate quarterly report by the infrastructure team.

Figure 5: Capital Program Delivery Performance




Cash Management and Investment Performance
Total cash on hand at the end of October was $126.4 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, QRA disaster funding and other capital works grants,
prepayment of Waste Levy subsidy (4 years), 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 October 2023 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.