Department of Treasury

OUTPUT CLASS 1: FINANCIAL AND ECONOMIC MANAGEMENT
PRINCIPAL MEASURES	
OUTPUT 1.1:  ECONOMIC MANAGEMENT	
Description:	Develop and pursue initiatives to ensure the economic interests of the ACT and its residents are protected and maximised, including through providing advice on economic and regulatory reform, gaming and racing, energy and water policies and major projects, and ensuring appropriate returns on assets and appropriate intergovernmental financial relations.	

Measures 	2004-05
Targets1	2004-05
Estimated
Outcome	
Quantity			
Annual Report to National Competition Council	1	1	
Economic Analysis.	148	148	
Number of Procurement Plans considered and reviewed by the Board
	72	72	
Quality/Effectiveness			
Policy proposals implemented are consistent with competition principles and implementation of COAG agreements2	Receive full NCP tranche payment	Receive full NCP tranche payment	
Treasurer’s satisfaction with quality as assessed by six‑monthly survey3
	85%
	90%
	
Timeliness			
Treasurer’s satisfaction with timeliness as assessed by six‑monthly survey3
	85%
	90%
	
Cost			
Cost of economic management	$7  586  000	$6  093  000	
			
TOTAL COST ($’000)	$7  586.0	$6  093.0	
GOVERNMENT PAYMENT FOR OUTPUT ($’000) 	$7  680.0	$6  266.0	
Notes
1.	The 2004‑05 Targets have been revised to reflect the impact of the Appropriation Act 2004-2005 (No. 2) and the 4 November 2004 Administrative Arrangement Order where applicable.
2.	The ACT received a positive assessment by the National Competition Council on the implementation of National Competition Policy reforms in 2004‑05 and was granted 100% of its allocated competition payment of $12.4 million.  A previously withheld amount of $1.2 million was also paid to the ACT.  This payment, constituting 10% of the ACT’s 2003-04 allocation, had been suspended due to lack of reform but was re‑instated following satisfactory implementation of reforms assessed as incomplete in 2003‑04.
3.	Estimated outcome reflects input received from the first six-monthly survey.

OUTPUT CLASS 1: FINANCIAL AND ECONOMIC MANAGEMENT
PRINCIPAL MEASURES	
OUTPUT 1.2:  FINANCIAL MANAGEMENT	
Description:		Provision of analysis, monitoring and reporting on financial performance to assist the Government to achieve its preferred outcomes.	

Measures 	2004-05
Targets1	2004-05
Estimated Outcome	
Quantity			
Budget.	1	1	
Whole of Government Consolidated – Management Reports	4	4	
Whole of Government Consolidated Finance Report	1	1	
External Government Reporting	16	16	
Whole of Government Capital Works Program Reporting.	4	4	
Financial Evaluation and Business Analysis	25	25	
Guidelines to Support GBE and Governance Framework	3	3	
Expenditure Review Capacity Reviews
	4	4	
Quality/Effectiveness			
Treasurer’s satisfaction with quality as assessed by six‑monthly survey2	80%	90%	
Board appointment processes comply with statutory requirements
	100%
	100%
	
Timeliness			
Statutory and other Reporting meets required timeframes
	80%
	80%
	
Cost			
Cost per $m of whole of government expenses	$5  013  000	$4  124  831	
			
TOTAL COST ($’000) 	$13  740.0	$11  233.0	
GOVERNMENT PAYMENT FOR OUTPUT ($’000) 	$6  423.0	$7  336.0	
Notes
1.	The 2004‑05 Targets have been revised to reflect the impact of the Appropriation Act 2004-2005 (No. 2) and the 4 November 2004 Administrative Arrangement Order where applicable.
2.	Estimated outcome reflects input received from the first six-monthly survey.

OUTPUT CLASS 1: FINANCIAL AND ECONOMIC MANAGEMENT
PRINCIPAL MEASURES	
OUTPUT 1.3:  REVENUE MANAGEMENT	
Description:	Optimise tax revenue concurrent with achieving a simple, equitable and efficient tax system; develop policy; and advise and assist clients to meet their obligations.  	

Measures 	2004-05
Targets1	2004-05
Estimated Outcome	
Quantity			
Manage agreed priority projects related to revenue research, policy and legislation2	30	19	
Monthly Revenue Analysis	12	12	
Provide services and advice related to:			
Client services	34  500	33  497	
Taxpayer Services (assessments, reminder notices, reconciliations, applications and data quality)	575  000	549  377	
Compliance revenue per inspector 3	$280  000	$381  993	
Debt management – level of outstanding debt	2%	2%	
Objections and review of decisions4	150	219	
First Home Owners Grant applications5	1  200	2  000	
Stamp Duty Homebuyer Concession
	925
	1  600
	
Quality/Effectiveness			
Treasurer’s satisfaction with quality as assessed by six‑monthly survey6
	85%
	90%
	
Timeliness			
Treasurer’s satisfaction with timeliness as assessed by six‑monthly survey6
	85%
	90%
	
Cost			
Cost per $m of whole of government expenses	$4  297  000	$4  229  118	
			
TOTAL COST ($’000) 	$11  816.0	$11  517.0	
GOVERNMENT PAYMENT FOR OUTPUT ($’000) 	$10  862.0	$10  863.0	
Notes
1.	The 2004‑05 Targets have been revised to reflect the impact of the Appropriation Act 2004-2005 (No. 2) and the 4 November 2004 Administrative Arrangement Order where applicable.
2.	Estimated Outcome varies for Target mainly due to 3 factors: the majority of research projects are still on-going, elections at the ACT and Commonwealth levels reduced demand for projects (due to other priorities), and the Policy unit has reduced capacity due to loss of resources during the financial year.
3.	Estimated Outcome due to two large long term outstanding payroll cases and a large assessment issued to a Government Business Enterprise for non-payment of duty on registration of motor vehicles.
4.	Estimated Outcome is due to more valuation objections than anticipated.  The time-lag effect of the unimproved values was not considered by many taxpayers, who expected the recent stabilising of the residential property market to be reflected in their 1 January 2004 valuations, which they received in July, August and September 2004.
5.	The 2004‑05 Outcome is due to favourable concessions available through the Home Buyer Concession scheme.
6.	Estimated Outcome reflects input received from the first six-monthly survey.

OUTPUT CLASS 1: FINANCIAL AND ECONOMIC MANAGEMENT
PRINCIPAL MEASURES	
OUTPUT 1.4:  PROCUREMENT SUPPORT SERVICES	
Description:		Includes procurement policy; buyers and sellers information services (basis), including on-line procurement services, business opportunities, supplier notification of tenders and contracts,  support to ACT Government purchasing officers; and the implementation of construction industry reforms, including pre-qualification of suppliers and the provision of risk management services to ACT Government agencies.	

Measures 	2004-05
Targets1	2004-05
Estimated Outcome	
Quantity			
Procurement guidelines, circulars and toolkits developed2	5	11	
Contribution to APCC and other intergovernmental activities	4	4	
Online Procurement Services provided to the community	4	4	
Risk management services – number of client requested projects commenced	400	400	
Reform of Pre-qualification arrangements
	1
	1
	
Quality/Effectiveness			
Quality Management Systems Compliance under ISO9001:2000 – number of Category 1 non‑conformance findings.	<2	<2	
Customer satisfaction with ACT Procurement Solutions
	90%
	90%
	
Timeliness			
Procurement guidelines and circulars reviewed or issued within agreed timeframes	100%	100%	
Online Procurement Services – responses to queries received via the help line services (basis) responded to within 24 hours
	95%	95%	
Cost			
Cost of Risk Management Services	$5  175  000	$6  220  000	
Cost of Procurement Policy and Online Services	$1  250  000	$1  505  000	
			
TOTAL COST ($’000)	$6  425.0	$7  725.0	
GOVERNMENT PAYMENT FOR OUTPUT ($’000)	$1  871.0	$1  871.0	
Notes
1.	The 2004‑05 Targets have been revised to reflect the impact of the Appropriation Act 2004-2005 (No. 2) and the 4 November 2004 Administrative Arrangement Order where applicable.
2.	Increase due to Government Procurement Board requirements to address certain new issues and revise old circulars.