2018-09-17 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                  17 SEPTEMBER 2018


Capital Program
Actual capital expenditure (excluding commitments) is $4.1 million (YTD budget $7.5 million).
The budget includes budget review 1 carryovers from 2017/18; 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

 $8.0
                                                                        YTD Budget ($m)
 $7.0
                                                                        YTD Actual ($m)
 $6.0

 $5.0

 $4.0

 $3.0

 $2.0

 $1.0

 $0.0
                       Capital works                              Other capital




Cash Management and Investment Performance
Total cash on hand at the end of August was $82 million. Included in this balance are funds held
in trust and for restricted purposes (e.g. unexpended levy and grant funds).

The pie charts following present the mix of cash held at August 2018 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
                   5%                                             (Bendigo)
                                                                     5%
         NAB
         14%

                                                                                         A1 +
                                       QTC                   A1 +                       (QTC)
                                       58%               (CBA + NAB +                    58%
                                                            Wpac)
        CBA
                                                             37%
        23%




                                                                                        Page 43 of 48