2019-05-13 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                            13 MAY 2019


Forecast cash surpluses are also reliant on the accuracy of the long term financial plan, and in
particular the capital works program. Any significant increase in capital works spend beyond
current forecast levels will in turn consume the cash surplus. Therefore the allocation of this
surplus cash needs to be considered in line with intended frequency, size and scale of any
potential future signature capital projects (noting that capital expenditure forecasts in the 10 year
financial plan are consistent with recent levels).

Should additional cash be required in the future to fund unexpected shortfalls or major capital
projects, Council has the capacity to activate new debt instruments such as loan borrowings or a
working capital facility. The cost of debt on these facilities is lower than that of existing
borrowings.

Consultation
External Consultation - Community & Stakeholder
Queensland Treasury Corporation have been consulted extensively during this review to provide
independent advice on Council’s cash and debt requirements.

Internal Consultation
The Executive Team has reviewed and endorsed this proposal.

Departments/Sections Consulted:

X   Chief Executive Officer       Community Services                      X   Corporate Services
    Executive Officer             Director                                x   Director
    Executive Support             Community Development                   x   Financial Services
                                  Community Facilities                        ICT
                                  Libraries & Galleries                       Procurement & Fleet
                                  Local Laws                                  Property
                                  Waste & Environmental Health                Revenue Services

    Executive Services            Environment & Sustainable Development       Infrastructure Services
    Director                      Director                                    Director
    Community Engagement          Building & Plumbing Services                Asset Management
    Customer Service              Development Assessment                      Buildings and Facilities
    Governance                    Economic Development                        Civil Operations
    People and Culture            Environmental Services                      Disaster Management
                                  Strategic Land Use Planning                 Infrastructure Planning,
                                                                              Design and Delivery




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