2017-06-12 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                                                          12 JUNE 2017


Figure 4: Capital Revenue by Type
 $5.0
 $4.5            YTD Budget ($m)
 $4.0
                 YTD Actual ($m)
 $3.5
 $3.0
 $2.5
 $2.0
 $1.5
 $1.0
 $0.5
 $0.0
                                                                       Contributed assets
                        Cash contributions




                                                                                                                     Grants / subsidies
Capital Program

Actual capital expenditure (excluding commitments) is $12.8 million against the revised full-year
budget of $24.6 million. Committed expenditure totals a further $8.1 million bringing the total of
actual and committed funds to $20.9 million (85% of the total program). Capital program delivery
is being monitored through the internal Capital Works Executive team.

Figure 5: Capital Program Delivery Performance
 $25


 $20


 $15


 $10


  $5


  $0
                        YTD Budget ($m)                                                           YTD Actual / Committed ($m)

        Capital works                        Capital works committed                        Other capital    Other capital committed




Cash Management and Investment Performance

Council funds are currently invested in compliance with Council’s Investment Policy, with 67%
held in highly liquid investments (either held as cash or maturing within 7 days - minimum
required of 10%), and all counterparty thresholds within policy guidelines. Total cash on hand at
the end of April was $72.7 million. Included in this balance are funds held in trust and for
restricted purposes (unexpended levy and grant funds).



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