2020-02-17 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                     17 FEBRUARY 2020


Capital Program
Actual capital expenditure (excluding contractual commitments) is $12.5 million (YTD budget
$12.7 million). Detailed discussion of progress in the delivery of the capital works program is
provided through a separate report by the Asset Planning Manager.

Figure 5: Capital Program Delivery Performance

$12.0              $11.3        $11.1


$10.0                                         YTD Budget ($m)
                                              YTD Actual ($m)
 $8.0

 $6.0

 $4.0

 $2.0                                                      $1.4             $1.4


 $0.0
                     Capital works                              Other capital




Cash Management and Investment Performance
Total cash on hand at the end of January was $62 million, including funds held in trust and for
restricted purposes (e.g. unexpended levy and grant funds), the prepaid financial assistance
grant, January rate levy funds beginning to flow in, and unspent monies committed for funding
capital projects which are underway and will continue during the financial year.

The following pie charts present the mix of cash held at January 2020 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
                     3%                                                  (Bendigo)
         CBA                                                        A1 +     3%
         16%                                                    (CBA + NAB +
                                                                  Wpac)…




                                                                                         A1 +
                                        QTC                                             (QTC)
                                        81%                                              81%




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