2022-11-14 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                 14 NOVEMBER 2022


Capital Program
Actual capital expenditure (excluding commitments) is $17.6 million (YTD budget $20.5 million).
Detailed discussion of progress in the delivery of the capital works program is provided through a
separate quarterly report by the Asset Planning Manager.

Figure 5: Capital Program Delivery Performance

$25.0

               $19.6                                               YTD Budget ($m)
$20.0
                        $16.9                                      YTD Actual ($m)

$15.0


$10.0


 $5.0

                                           $0.4      $0.2
                                                                        $0.5     $0.5
 $0.0
               Capital works               Other capital               Loan redemption



Cash Management and Investment Performance
Total cash on hand at the end of October was $111.8 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 (4 years), 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 October 2022 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


                       NAB
                       9%




              CBA                                                A1 +
              30%                                           (Commercial Banks)
                                                                 39%
                                  QTC                                                     A1 +
                                  61%                                                    (QTC)
                                                                                          61%




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