2021-01-18 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                         18 JANUARY 2021


Capital Revenue
YTD capital revenue of $5.9 million received comprises cash contributions from developers ($1.1
million) and capital grants ($4.7 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.

Figure 4: Capital Revenue by Type

 $5.0                                                            $4.7

 $4.5
 $4.0                                                                   YTD Budget ($m)
 $3.5                                         $3.1                      YTD Actual ($m)
 $3.0
 $2.5
 $2.0
 $1.5           $1.1                   $1.1
 $1.0
 $0.5
                                                                             $0.0                 $0.0
 $0.0
                       Contributions




                                                     Subsidies




                                                                                    Contributed
                                                      Grants /




                                                                                      Assets
                          Cash




Capital Program
Actual capital expenditure (excluding commitments) is $12.0 million (YTD budget $12.0 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

$12.0

$10.0          $9.6                    $9.6      YTD Budget ($m)
                                                 YTD Actual ($m)
 $8.0

 $6.0

 $4.0

 $2.0                                         $1.2               $1.2       $1.2                  $1.2


 $0.0
               Capital works                  Other capital                Loan redemption




Cash Management and Investment Performance
Total cash on hand at the end of December was $60 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


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