2020-12-14 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                           14 DECEMBER 2020


     Figure 5: Capital Program Delivery Performance

      $9.0          $8.3    $8.4

      $8.0
                                                 YTD Budget ($m)
      $7.0                                       YTD Actual ($m)
      $6.0
      $5.0
      $4.0
      $3.0
      $2.0
                                              $1.1     $1.1             $1.2     $1.2
      $1.0
      $0.0
                   Capital works              Other capital            Loan redemption




     Cash Management and Investment Performance
     Total cash on hand at the end of November was $65 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 and other capital works grants, the
     July rates payments as well as any other monies committed for funding capital projec ts
     which are underway and will continue during the financial year.
     The following pie charts present the mix of cash held at November 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.

     Figure 6: Closing Cash Held by Agency and Credit Rating



                           CBA                                           A1 +
                           5%                                        (CBA + NAB +
                                                                        Wpac)
                                                                         5%




                                                                           A1 +
                                 QTC                                      (QTC)
                                 95%                                       95%




     The following chart monitors the 12 month trend on total cash and the agencies invested.
     Cash balances will decline between September and January as cash from the bi-annual
     issue of rates and levies in July are utilised to fund Council operations.


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