2020-06-15 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                             15 JUNE 2020

Capital Program
Actual capital expenditure (excluding contractual commitments) is $20.7 million (YTD budget $24.7
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

$25.0

                     $20.9
                                                 YTD Budget ($m)
$20.0                               $18.4
                                                 YTD Actual ($m)

$15.0


$10.0


  $5.0                                                             $3.8
                                                                                      $2.4


  $0.0
                        Capital works                                 Other capital




Cash Management and Investment Performance
Total cash on hand at the end of May 2020 was $62.5 million. Cash on hand will continue to
degrade as operational and capital costs are incurred during June 2020. Financial stress testing
has been completed to understand business continuity risk on cash flows through due to the
COVID-19 pandemic (in addition to business as usual costs). Review of budgets by Managers and
identification of savings associated with variable costs (associated with revenue) and discretionary
expenditure will ensure that COVID-19 revenue impacts will not significantly compromise cash flow
through to 30 June 2020.

The following pie charts present the mix of cash held at May 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.




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