2018-11-12 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                               12 NOVEMBER 2018


Capital Expenditure Program
Actual capital expenditure (excluding commitments) is $10.3 million (YTD budget $13.3 million).
Detailed discussion of progress in the delivery of the capital works program is provided through a
separate report by the Infrastructure Services Department.

Figure 5: Capital Program Delivery Performance

$14.0
                                                                   YTD Budget ($m)
$12.0                                                              YTD Actual ($m)

$10.0

 $8.0

 $6.0

 $4.0

 $2.0

 $0.0
                        Capital works                         Other capital




Cash Management and Investment Performance
Total cash on hand at the end of October was $66 million. Included in this balance are funds held
in trust and for restricted purposes (e.g. unexpended levy and grant funds).

The pie charts following present the mix of cash held at October 2018 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


                    Bendigo                                           A3
                      6%                                           (Bendigo)
                                                                      6%
          Suncorp                                             A1
           14%                                             (Suncorp)
                                                             14%

                                                                                   A1 +
        NAB                                                   A1 +                (QTC)
        12%                             QTC
                                        61%               (CBA + NAB +             61%
                                                            Wpac)…
          CBA
          7%




The following chart monitors the year-to-date trend on total cash and the agencies invested.
During October, a $2 million term deposit held with NAB bank matured which will be reinvested in


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