2019-09-16 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                  16 SEPTEMBER 2019


Figure 4: Capital Revenue by Type

$1.0
                                                        YTD Budget ($m)
$0.9
                                                        YTD Actual ($m)
$0.8
$0.7
$0.6
$0.5
$0.4
$0.3
$0.2
$0.1
$0.0
                 Contributions




                                          Subsidies




                                                                    Contributed
                                           Grants /




                                                                      Assets
                    Cash




Capital Program
Actual capital expenditure (excluding commitments) is $1.7 million (YTD budget $2.6 million).
The budget includes budget review 1 carryovers from 2018/19; which was adopted by Council in
August. 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

$2.5
                                                          YTD Budget ($m)
                                                          YTD Actual ($m)
$2.0


$1.5


$1.0


$0.5


$0.0
                          Capital works                 Other capital



Cash Management and Investment Performance
Total cash on hand at the end of August was $75 million following receipt of rates funds following
the discount period close. Included in this balance are funds held in trust and for restricted
purposes (e.g. unexpended levy and grant funds), the prepaid financial assistance grant and
unspent monies committed for funding capital projects which are underway and will continue in
the 2019/20 financial year.
The following pie charts present the mix of cash held at August 2019 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
                                                                                        Page 23 of 30