2018-04-16 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                      16 APRIL 2018


Capital Program
Actual capital expenditure (excluding commitments) is $17.8 million (YTD budget $19.4 million).
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
$18.0
                                                  YTD Budget ($m)
$16.0
                                                  YTD Actual ($m)
$14.0
$12.0
$10.0
 $8.0
 $6.0
 $4.0
 $2.0
 $0.0
                   Capital works                       Other capital




Cash Management and Investment Performance
Total cash on hand at the end of March was $84 million. Included in this balance are funds held in
trust and for restricted purposes (e.g. unexpended levy and grant funds) and monies committed
for funding capital projects during the year. The cash balance will progressively reduce towards
budget level over the next quarter as operational and capital expenditure outstrips expected
revenue.

The pie charts on the following page present the mix of cash held at March 2018 by agency (graph
on the left) and by credit risk rating (graph on the right).

Figure 6: Closing Cash Held by Agency and Credit Rating

                Bendigo                                              A3
                   5%                                             (Bendigo)
              Westpac                                                5%
          NAB 2%
          10%
                                                            A1 +
                                                        (CBA + NAB +
        CBA                                               Wpac)…
        13%

                                                                               A1 +
                                   QTC                                        (QTC)
                                   70%                                         70%




                                                                                      Page 76 of 122