Attachment B: Finance YTD CAPEX Project Report - July to December 2024

Context and purpose. This is Attachment B (item 2b) to QLDC's December 2024 finance reporting, listing each capital project's year-to-date actual, budget and forecast with commentary (pp.79-83 of the agenda).

Totals. Year-to-date actual $60,666,969 against a $69,994,394 budget (87%); full-year adjusted budget $152,509,508 and forecast $144,349,894, $8.16m below.

Transport lines. Within the Crown Infrastructure Partners programme (combined YTD $20.0m against $21.5m; full-year $32.3m), arterial Stage 1 is reported 'with opening scheduled for 30 January 2025', and Queenstown Street Upgrades ($657k YTD, $2.4m full-year) note a snag programme resuming in March 2025. In the PMO transport group, Public Transport Assets - Whakatipu is 'placed on hold pending decision on local share allocation of transport budgets'; Arthurs Point to CBD Active Travel ($366k YTD, $847k full-year) is closing out with 100% Transport Choices funding; Wānaka Pool to School active travel ($651k YTD, $1.4m) is due for completion by June 2025; the minor improvements programme ($3.3m full-year) includes $1.2m subsidised for Ballantyne Road. Stanley Street site works and temporary parking ($28k YTD, $1.1m) has final sealing deferred to October 2025. Arthurs Point Bridge Crossing carries '$100k unsub budget to update business case'. Resilience works on the Crown Range and Bennetts Bluff have 75% NZTA funding with procurement imminent. Transport renewals total $11.3m full-year.

Background. the live report shows the line within a combined PMO transport row ($1.21m full-year) with the 'local share allocation' wording above.

Mass rapid transit: None. The only public transport item is the Public Transport Assets - Whakatipu line.