BUDGET REVIEW 1 (BR1) FOR THE 2024/25 FINANCIAL YEAR · Report

GENERAL COMMITTEE MEETING                                                         12 AUGUST 2024


The total proposed base capital works adjustment is $8.6 million, with an additional $78.7 million
carried over in respect to the QRA funded disaster program relating to the February 2022 rain event.
A summary of these adjustments are outlined in the table below.

 Item                                                                  Amount
                                                                       ($’000)
 Original Budget                                                       $45,246
 Carryovers                                                            $13,775
 Multi-year rescheduling                                               ($5,300)
 Emergent Works and Variations                                            $145
 Revised Base Capital Expenditure Budget                               $53,866
                                                                       $78,727
 Revised Total Capital Expenditure Budget                             $132,593


The table below summarises the proposed revised 2024/25 capital budget by program, with the full
list contained in Attachment 2.