03 Financial Performance Report - Sep 2021

GENERAL COMMITTEE MEETING AGENDA                                                                  18 OCTOBER 2021


Figure 4: Capital Revenue by Type

  $4.0
                                              $3.4               $3.4
  $3.5
                                                                        YTD Budget ($m)
  $3.0
                                                                        YTD Actual ($m)
  $2.5
  $2.0
  $1.5
                $1.0                   $1.0
  $1.0
  $0.5
                                                                             $-                   $-
  $0.0
                       Contributions




                                                     Subsidies




                                                                                   Contributed
                                                      Grants /




                                                                                     Assets
                          Cash




Capital Program
Actual capital expenditure (excluding commitments) is $5.0 million (YTD budget $5.1 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

 $4.5
                $4.1                   $4.1
 $4.0
                                                     YTD Budget ($m)
 $3.5                                                YTD Actual ($m)
 $3.0

 $2.5

 $2.0

 $1.5

 $1.0                                                                       $0.6                 $0.6
 $0.5                                         $0.4               $0.3

 $0.0
                Capital works                 Other capital                Loan redemption




Cash Management and Investment Performance
Total cash on hand at the end of September was $91 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, July rates payments received, and
unspent monies committed for funding capital projects which are underway and carrying over from
2020/21 into the 2021/22 financial year.

The following pie charts present the mix of cash held at September 2021 by agency (graph on the
left) and by credit risk rating (graph on the right). All funds have been invested in accordance with