2020-08-17 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                   17 AUGUST 2020



Figure 5: Capital Program Delivery Performance

 $0.4
                                              YTD Budget ($m)
                                    $0.3
 $0.3                                         YTD Actual ($m)

 $0.3
                      $0.2
 $0.2

 $0.2
                                                                          $0.1

 $0.1                                                       $0.1


 $0.1

 $0.0
                        Capital works                         Other capital



Cash Management and Investment Performance
Total cash on hand at the end of July was $56 million. 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, July rates payments beginning to flow in, and unspent monies committed for
funding capital projects which are underway and will likely carryover into the 2020/21 financial year.
The pie charts on the following page present the mix of cash held at July 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



                                                               A1 +
                CBA
                                                           (CBA + NAB +
                12%
                                                             Wpac)…




                                                                                  A1 +
                                    QTC                                          (QTC)
                                    88%                                           88%




The following chart monitors the year-to-date trend on total cash and the agencies invested. The
bi-annual issue of rates and levies occurred in July, which will increase to cash balances during
July through to September. During July, $5 million was withdrawn from QTC cash deposits to fund
operating and capital expenditure commitments incurred during the month.



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