Financial Performance Report – Jul 2024 · Financial Performance Report

GENERAL COMMITTEE MEETING                                                     12 AUGUST 2024


made in July 2024.

Capital Revenue

Full Year Capital revenue of $2.0 million received comprises cash contributions from developers
($0.4m) and capital grants ($1.6 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 6: Capital Revenue by Type




Capital Program
Actual capital expenditure (excluding commitments) is $3.1 million (YTD budget $2.5 million).
Detailed discussion of progress in the delivery of the capital works program is provided through
a separate quarterly report by the infrastructure team.

Figure 7: Capital Program Delivery Performance




Cash Management and Investment Performance
Total cash on hand at the end of March was $95.9 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, QRA disaster funding and other capital works grants,
prepayment of Waste Levy subsidy (3 years), and unspent monies committed for funding capital
projects which are underway and will continue during the financial year.