2022-08-15 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                     15 AUGUST 2022


on the timing of grant conditions and also capital delivery performance, and that the timing of the
receipt of developer contributions (both cash and contributed) is unpredictable.
Figure 4: Capital Revenue by Type

 $0.7                                                           $0.6
                                                                       YTD Budget ($m)
 $0.6
                                                                       YTD Actual ($m)
 $0.5

 $0.4

 $0.3
                                             $0.2
 $0.2

 $0.1          $0.1                   $0.1
                                                                            $-                  $-
 $0.0
                      Contributions




                                                    Subsidies




                                                                                 Contributed
                                                     Grants /




                                                                                   Assets
                         Cash




Capital Program
Actual capital expenditure (excluding commitments) is $3.2 million (YTD budget $3.3 million).
Detailed discussion of progress in the delivery of the capital works program is provided through a
separate quarterly report by the Asset Planning Manager.

Figure 5: Capital Program Delivery Performance

 $3.5
               $3.2                   $3.1
                                                                       YTD Budget ($m)
 $3.0
                                                                       YTD Actual ($m)
 $2.5

 $2.0

 $1.5

 $1.0

 $0.5
                                             $0.1               $0.1
                                                                            $-                 $-
 $0.0
               Capital works                 Other capital                Loan redemption



Cash Management and Investment Performance
Total cash on hand at the end of July was $95.8 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, prepayment of Waste Levy subsidy
(4 years), and unspent monies committed for funding capital projects which are underway and will
continue during the financial year.
The following pie charts present the mix of cash held at July 2022 by agency (graph on the left)
and by credit risk rating (graph on the right). All funds have been invested in accordance with the

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