2020-10-12 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                           12 OCTOBER 2020


   Figure 4: Capital Revenue by Type

     $3.5
                                                $3.0               $3.0
     $3.0
                                                                          YTD Budget ($m)
     $2.5                                                                 YTD Actual ($m)

     $2.0

     $1.5

     $1.0

     $0.5         $0.2                   $0.2
                                                                               $-                   $-
     $0.0
                         Contributions




                                                       Subsidies




                                                                                     Contributed
                                                        Grants /




                                                                                       Assets
                            Cash




   Capital Program
   Actual capital expenditure (excluding commitments) is $7.9 million (YTD budget $9.2 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

    $8.0

    $7.0          $6.7
                                                   YTD Budget ($m)
    $6.0                                 $5.5      YTD Actual ($m)

    $5.0

    $4.0

    $3.0
                                                                              $1.9                 $1.9
    $2.0

    $1.0                                        $0.6               $0.5

    $0.0
                 Capital works                  Other capital                Loan redemption




   Cash Management and Investment Performance
   Total cash on hand at the end of September was $72 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, the
   July rates payments 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 September 2020 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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