02 Financial Performance Report - Aug 2021

GENERAL COMMITTEE MEETING AGENDA                                                  13 SEPTEMBER 2021


Capital Program
Actual capital expenditure (excluding commitments) is $3.0 million (YTD budget $3.0 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

 $2.5
               $2.2     $2.2

                                              YTD Budget ($m)
 $2.0
                                              YTD Actual ($m)

 $1.5


 $1.0
                                                                      $0.6       $0.6

 $0.5
                                          $0.2       $0.2

 $0.0
               Capital works               Other capital            Loan redemption



Cash Management and Investment Performance
Total cash on hand at the end of August was $94 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 pie charts on the following page present the mix of cash held at August 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 +
                      7%                                    (Commercial Banks)
                                                                  7%




                                                                              A1 +
                               QTC                                           (QTC)
                               93%                                            93%