Meeting papers

GENERAL COMMITTEE MEETING                                                      14 AUGUST 2023


sites, which occurred during the February 2022 rain event. Following this approval, Council has
received upfront payments of $23.9 million to fund these works.



Figure 4: Capital Revenue by Type




Capital Program
Actual capital expenditure (excluding commitments) is $2.4 million (YTD budget $3.2 million).
Detailed discussion of progress in the delivery of the capital works program is provided through
a separate quarterly report by the infrastructure team.

Figure 5: Capital Program Delivery Performance




Cash Management and Investment Performance
Total cash on hand at the end of July was $117.5 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, QRA disaster funding 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 2023 by agency (graph on the left)
and by credit risk rating (graph on the right). All funds have been invested in accordance with



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