6.2.5 Loan Funds ($7 million) New borrowings of $7 million will be used to assist in the overall delivery of the capital works program including significant projects such as the Bendigo Art Gallery Expansion, Bendigo Library Redevelopment, Canterbury Park development and the Bendigo Botanic Garden Masterplan implementation. 6.2.6 Working Capital/Operations ($27.58 million) In addition to reserve investments, City of Greater Bendigo also have uncommitted cash and investments which represent working capital and funds preserved from the previous financial year. Cash is also generated from operating activities. $27.58 million will be available from operations and previously held cash investments to fund the 2013/2014 capital works program. Refer to section 5. ’Analysis of Budgeted Cash Position’ for more information on funds from operations.
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Greater Bendigo City Council Proposed Budget - 2013/2014