2022-05-16 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                           16 MAY 2022


   An external contractor has been engaged to assess and quantify the damage to infrastructure
   and other Council assets and we are yet to receive their report outlining the works required.
   $1.4 million in disaster recovery funding has been received to date and additional funding
   will be sought once assessments are completed and the program of works finalised.
   Capital Revenue
   YTD capital revenue of $14.1 million received comprises cash contributions from developers
   ($1.9 million) and capital grants ($11.5 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
    $14.0
                                                                $11.5     YTD Budget ($m)
    $12.0                                       $10.3
                                                                          YTD Actual ($m)
    $10.0
     $8.0
     $6.0
     $4.0
                  $1.4                   $1.9
     $2.0                                                                      $1.3                 $0.7
     $0.0
                         Contributions




                                                        Subsidies




                                                                                      Contributed
                                                         Grants /




                                                                                        Assets
                            Cash




   Capital Program
   Actual capital expenditure (excluding commitments) is $26.1 million (YTD budget $38.6
   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

    $40.0
                 $34.0
    $35.0                                                               YTD Budget ($m)

    $30.0                                                               YTD Actual ($m)

    $25.0                          $23.0

    $20.0

    $15.0

    $10.0

     $5.0                                       $3.4         $1.9
                                                                            $1.3       $1.3
     $0.0
                 Capital works                  Other capital              Loan redemption




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