2020-03-16 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                                                                            16 MARCH 2020


Figure 3: Operating Expenditure Position by Type

$35.0
                                                  $29.1 $28.1                                       YTD Budget ($m)
$30.0
                                                                                                    YTD Actual ($m)
$25.0      $21.6 $21.0
$20.0

$15.0                                                                                                $12.5 $12.5

$10.0

 $5.0
                                                                    $1.0 $1.0                                                                $0.1 $0.1
 $0.0
                                                      Materials




                                                                             Finance Costs




                                                                                                         Depreciation
               Employees




                                                                                                                                                    Other
Capital Revenue
YTD capital revenue of $6.2 million received comprises cash contributions from developers ($1.5
million) and capital grants ($4.5 million). Included in capital revenue is an unbudgeted grant for
bushfire disaster recovery ($1.3 million) and an early milestone grant payment for Orealla Bridge
($1.4 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

 $5.0                                                                                        $4.5
 $4.5
                                                                                                         YTD Budget ($m)
 $4.0
                                                                                                         YTD Actual ($m)
 $3.5
 $3.0
 $2.5                                                             $2.2
 $2.0                                      $1.5
                  $1.4
 $1.5
 $1.0
 $0.5                                                                                                                   $0.1                 $0.1
 $0.0
                           Contributions




                                                                         Subsidies




                                                                                                                               Contributed
                                                                          Grants /




                                                                                                                                 Assets
                              Cash




Capital Program
Actual capital expenditure (excluding contractual commitments) is $13.8 million (YTD budget $16.8
million). Detailed discussion of progress in the delivery of the capital works program is provided
through a separate report by the Asset Planning Manager however recent wet weather has
impacted on capital delivery.


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