04 Financial Performance Report - Oct 2021

GENERAL COMMITTEE MEETING AGENDA                                                      15 NOVEMBER 2021


   Figure 4: Capital Revenue by Type

     $8.0
                                                $7.1               $7.1
     $7.0
                                                                          YTD Budget ($m)
     $6.0
                                                                          YTD Actual ($m)
     $5.0
     $4.0
     $3.0
     $2.0         $1.2                   $1.2
     $1.0
                                                                              $0.0                 $0.0
     $0.0
                         Contributions




                                                       Subsidies




                                                                                     Contributed
                                                        Grants /




                                                                                       Assets
                            Cash




   Capital Program
   Actual capital expenditure (excluding commitments) is $8.6 million (YTD budget $8.6 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

     $8.0         $7.5                   $7.6

     $7.0
                                                   YTD Budget ($m)
     $6.0
                                                   YTD Actual ($m)
     $5.0

     $4.0

     $3.0

     $2.0
                                                                              $0.6                 $0.6
     $1.0
                                                $0.4               $0.4
     $0.0
                  Capital works                 Other capital                Loan redemption



   Cash Management and Investment Performance
   Total cash on hand at the end of October was $87 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 October 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