2021-04-12 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                       12 APRIL 2021


Capital Program
Actual capital expenditure (excluding commitments) is $16.9 million (YTD budget $16.3 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

$14.0
                        $12.7
               $11.9
$12.0                                        YTD Budget ($m)
                                             YTD Actual ($m)
$10.0

 $8.0

 $6.0

 $4.0
                                                                     $2.4     $2.4
                                          $1.9     $1.7
 $2.0

 $0.0
               Capital works              Other capital            Loan redemption




Cash Management and Investment Performance
Total cash on hand at the end of March was $80.9 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 March 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.

Figure 6: Closing Cash Held by Agency and Credit Rating



                         CBA                                           A1 +
                         4%                                       (Commercial Banks)
                                                                        4%




                                                                             A1 +
                          QTC                                               (QTC)
                          96%                                                96%




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