2022-07-18 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                         18 JULY 2022


Capital Revenue
FY capital revenue of $15.7 million received comprises cash contributions from developers ($2.1
million) and capital grants ($12.9 million). Note that the timing of capital grant receipts are generally
dependent 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. With
recent weather events and supply chain interruptions several larger projects have been delayed
and be finalised early in FY23 which the balance of associated capital grant funding to be received
on completion. This revenue will be incorporated into Budget Review 1 carryovers.
Figure 4: Capital Revenue by Type

$20.0                                         $19.0
                                                                         YTD Budget ($m)
$18.0
$16.0                                                                    YTD Actual ($m)
$14.0                                                         $12.9

$12.0
$10.0
 $8.0
 $6.0
 $4.0                                  $2.1
                $1.4                                                         $1.5
 $2.0                                                                                             $0.7
 $0.0
                       Contributions




                                                      Subsidies




                                                                                    Contributed
                                                       Grants /




                                                                                      Assets
                          Cash




Capital Program
Actual capital expenditure (excluding commitments) is $34.4 million (FY budget $48.1 million).
Detailed discussion of progress in the delivery of the capital works program is provided through a
separate quarterly report by Infrastructure Services.

Figure 5: Capital Program Delivery Performance

$45.0          $42.4
                                                                         YTD Budget ($m)
$40.0
                                                                         YTD Actual ($m)
$35.0                              $31.0
$30.0
$25.0
$20.0
$15.0
$10.0
                                              $4.3                $2.1
 $5.0
                                                                             $1.3             $1.3
 $0.0
                Capital works                  Other capital                Loan redemption



Cash Management and Investment Performance
Total cash on hand at the end of June was $97.5 million. Included in this balance are funds held
in trust and for restricted purposes (e.g. unexpended levy and grant funds), prepaid grants

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