ACT PLANNING AND LAND AUTHORITY
Objectives
The principal objective of the ACT Planning and Land Authority (the Authority) is to provide a planning and land system that contributes to the orderly and sustainable development of the ACT.  To this end, the Authority seeks to work as an innovative and professional organisation that provides planning and leadership in response to social change, in partnership with all stakeholders in the community.
The key business activities of the Authority are:
•	long term strategic land use, social and infrastructure planning for the ACT;
•	reviewing and implementing the Territory Plan, and supporting planning instruments and guidelines;
•	preparing the medium‑term land release program for the Territory;
•	assessing development applications and related processes;
•	providing high quality information on land and planning, including the Territory’s spatial data infrastructure;
•	administering the ACT leasehold system;
•	participating on relevant peak bodies towards the achievement of consistent regulatory practices across Australia and internationally;
•	assessing and inspecting hydraulics applications, building audits, hydraulics and electrical certifiers; 
•	regulating building compliance and investigations of the building and surveying industries, including occupations licensing; and
•	regulating technical aspects of utility infrastructure networks and services in the ACT.
2007-08 Priorities
Strategic and operational issues to be pursued in 2007‑08 include:
•	planning system and other regulatory reforms:
–	continuing development and reform of the planning and land administration system;
–	working towards a fully integrated development assessment process as part of the planning system reform project;
–	implementing reform of the technical regulation functions under the new utilities legislation; and
–	participating in the development of new body corporate legislation.
•	
strategic initiatives:
­	continuing the implementation of the Canberra Spatial Plan, including detailed planning, environmental and engineering investigations to facilitate land release in Molonglo, and an assessment of the urban development opportunities within the East Lake area;
­	coordinating detailed planning and engineering investigations and initiating statutory processes as part of land release planning and infrastructure delivery, to ensure the Territory meets demand for new land;
­	completing the evaluation of the Garden City Provisions; and
­	continuing implementation of an electronic service delivery program, including on‑line development applications, to streamline delivery of services to the community.
Business and Corporate Strategies
The Planning System Reform Project, which commenced in 2004‑05, will be significantly implemented during 2007‑08.  The project will reform the planning and land administration system, including simplifying and improving development approval processes and restructuring the Territory Plan, further enhancing the management of the ACT’s unique leasehold system.  An evaluation and monitoring system designed to assess the impact of the reforms will also be developed.
The annual Land Supply Strategy will continue to provide a context for the Land Development Agency’s Land Sales Program.  The Strategy will also provide a framework to consider the allocation of land for community purposes and the delivery of various social policy outcomes.
The Authority will develop and adopt a new Corporate Plan and revise business plans to reflect Government priorities and further changes to the Government’s Administrative Arrangement Orders.  Business risk profiles will be reviewed to ensure that appropriate mitigation strategies are in place.  The Authority’s Audit Committee will continue to oversee the risk management framework and assess the Authority’s delivery of services to the Government and the community, to ensure that the most appropriate governance model is in place reflecting contemporary best-practice principles.
Estimated Employment Level 
	2006-07
Est.  Outcome	2007-08
Budget	
Staffing  (FTE)	271	258	

Output Classes
	Total Cost1	Government Payment for Outputs	
	2006‑07
Est. Outcome
$’000	2007‑08
Budget
$’000	2006‑07
Est. Outcome
$’000	2007‑08
Budget
$’000	
Output Class 1: 
ACT Planning and Land Authority					
Output 1.1:
ACT Planning and Land Authority	57,465	40,232	34,983	32,949	
Notes:
1.	Total cost includes depreciation of $0.485 million in 2006‑07 and $0.315 million in 2007‑08.
Output Description
The Authority will provide for:
•	high quality professional services in strategic and land planning;
•	development and building regulation (including leasehold management) with the overarching objective of promoting sustainable, attractive, safe and well-designed urban, residential and rural environments in the ACT; and
•	planning for land release.

Strategic Indicators 
Strategic Indicator 1
Deliver spatial planning outcomes for the Territory that contribute to a sustainable community
This will be achieved through the implementation of the goals and objectives underpinning the Canberra Spatial Plan and the Sustainable Transport Plan.  The Canberra Spatial Plan makes provision for periodic monitoring and review of progress.  The first review has been completed.  Progress against both plans will be reported in respect to key project achievements over time.
The key deliverables during 2007‑08 will include:
•	contributing to the Government’s climate change strategy;
•	progressing the sustainable development of East Lake;
•	continuing concept planning and environmental investigations to implement the Molonglo Valley Structure Plan following the adoption of Territory Plan Variation No. 281;
•	undertaking public consultation and evaluation of the Garden City Provisions and Character Guidelines for the inner north and inner south; and
•	implementing those aspects of the National Action Plan on Affordable Housing that are relevant to planning, and supporting the ACT Government’s Affordable Housing Action Plan.
Strategic Indicator 2
Effective Regulatory Systems
The Government launched the Planning System Reform Project in December 2004, recognising that some components of the existing planning and land administration system were not operating effectively, some were unnecessarily complex and some lacked transparency.
The reform process, seen as a vital element in achieving the vision of a beautiful, well designed, and sustainable Canberra, aims to provide an ACT planning system that achieves the following specific objectives:
•	clarity of purpose and intent;
•	timely decision-making;
•	increased certainty and consistency;
•	provision for innovative urban design;
•	contribution to the achievement of sustainability;
•	provision of appropriate opportunity for community engagement in the planning process;
•	enhanced administration of the leasehold system so that it continues to contribute positively to the development of the Territory; and
•	increased operational efficiency, through integrated development, building and impact assessment processes, and reduced administrative complexity and duplication.
The Planning and Development Bill 2006 was tabled in December 2006 for debate in August 2007.  Consequential amendments to other legislation will be tabled in mid-2007 for debate in August 2007.  Regulations will be developed by August 2007, as will the new Territory Plan.  The new planning system will commence in October 2007 and will be preceded by a comprehensive agency, industry and public education and training program.
There will be a number of mechanisms in place to monitor and report on the reforms, including a database that will provide the capability to consider the implementation of individual legislative obligations.  Additionally, an extensive communication, education and training program will be offered by the Authority for both internal staff and external clients.
System reform is to be complemented in 2007‑08 with the re-engineering of the Authority’s business systems via financial support from the Commonwealth Government’s Regulation Reduction Infrastructure Fund (RRIF).  The reform will enable compliance with the Electronic Development Application (eDA) requirements of the National Reform Agenda and a national protocol for electronic communication standards, and consequently the provision of streamlined service delivery to customers with savings in time and costs, particularly streamlining services for small business.

Strategic Indicator 3
Planning for land release and coordinated infrastructure provision
The Authority contributes to a Whole of Government Urban Development Program for a 10‑year period and the preparation of a 5‑year residential, community and commercial Land Supply Strategy.
In doing so, a key priority is the availability of land for the Land Development Agency to meet community demand.  It is considered that, at a minimum, a supply of planned land for 5,000 dwellings should be available for release at any point in time to meet market fluctuations.

Accountability Indicators
	2006‑07
Targets	2006‑07
Est. Outcome	2007‑08
Target	
Output Class 1: ACT Planning and Land Authority	
Output 1.1: ACT Planning and Land Authority				
				
Regulatory Services
a.	Percentage of audits/investigations undertaken in respect to:
-	building applications lodged
-	new electrical installations
-	new sewage connections
-	new commercial gas installations

b.	Development Applications assessed within statutory timeframes
-	single dwellings applications
-	other Development Applications

c.	Percentage of Development Application appeals resolved by mediation

d.	Percentage of Administrative Appeals Tribunal decisions that support the Authority’s position	

10%
100%
100%
50%

85%
75%

35%

85%	

10%
100%
100%
100%

85%
75%

35%

85%

10%
100%
100%
100%

85%
75%

35%

85%	
				
Planning and Strategic Deliverables
a.	Complete the Preliminary Assessment and proposed structure plan for the Molonglo Valley

b.	Complete the preparation of planning principles for the development of East Lake

c.	Complete the Preliminary Assessment of the preferred routes for a Belconnen to City Transitway

d.	Contribute to the implementation of the Affordable Housing Strategy

e.	Continue the implementation of the Canberra Spatial Plan including detailed planning, environmental and engineering investigations to facilitate land release in Molonglo 

f.	Continue an assessment of the urban development opportunities associated with Griffen Legacy/Canberra Central	

100%

100%

100%

n/a

n/a

n/a

100%

100%

100%

n/a

n/a

n/a

n/a1

n/a1

n/a1

100%

100%

100%	
				
Customer Satisfaction1
g.	Community awareness of the Authority, planning processes and functions shows an increasing trend	
78%
	
78%2	
Under Review3

	2006‑07
Targets	2006‑07
Est. Outcome	2007‑08
Target	
Output Class 1: ACT Planning and Land Authority cont.	
				
Land Supply
h.	Minimum number of blocks in the ‘land bank’ available for development to meet the land release program	

5,000	

5,000	

5,000	
				
Fiscal Responsibility
i.	Total cost of services is in accordance with Budget ($’000)	

$60,307	

 $57,465	

$40,232	

Notes:  
1.	Completed.
2.	As at the date of publication of BP4, the awareness survey for 2006‑07 had not been finalised.  It will be included in ACTPLA’s Annual Report for 2006‑07.
3.	With the implementation of the Planning System Reform initiatives and introduction of wide ranging electronic service delivery, a new approach to measuring customer understanding of and satisfaction with these changes will be developed and implemented during 2007‑08.  This will be focussed on gathering more in‑depth information, which can be used to fine-tune processes, rather than the previous measure, which only assessed awareness of ACTPLA activities.

Changes to Appropriation
Changes to Appropriation - Departmental						
 	2006-07	2007-08	2008-09	2009-10	2010-11	
Government Payment for Outputs	Est. Out.	Budget	Estimate	Estimate	Estimate	
 	$'000	$'000	$'000	$'000	$'000	
						
2006-07 Budget	35,851	32,346	32,517	32,722	32,722	
						
2007-08 Budget Policy Adjustments 						
Wage Outcome	165	522	887	1,093	1,100	
Return of BASIX funding	 - 	(30)	 - 	 - 	 - 	
Implementation of the Canberra Spatial Plan	 - 	630	340	150	135	
Integrated Document Management System	 - 	503	516	528	542	
Phillip Oval Master Plan	200	 - 	 - 	 - 	 - 	
Housing Affordability Implementation	 - 	300	300	300	300	
						
2007-08 Budget Technical Adjustments						
Revised Indexation Parameters	 - 	 - 	 - 	 - 	269	
Rollover - City Heart Levy	(600)	277	277	277	277	
Rollover - Planning and Land Administration System	(350)	350	 - 	 - 	 - 	
Shared Services Centre SLA Adjustment	 - 	124	161	183	185	
Transfer of City Heart Levy to TAMS	 - 	(1,477)	(1,477)	(1,477)	(1,477)	
Transfer Appropriation to Capital Injection	(194)	 - 	 - 	 - 	 - 	
Transfer of Transport Strategy and Policy to TAMS	(89)	(596)	(614)	(632)	(651)	
						
2007-08 Budget	34,983	32,949	32,907	33,144	33,402	

Changes to Appropriation - Departmental						
 	2006-07	2007-08	2008-09	2009-10	2010-11	
Capital Injections	Est. Out.	Budget	Estimate	Estimate	Estimate	
 	$'000	$'000	$'000	$'000	$'000	
						
2006-07 Budget	9,732	300	300	300	300	
						
2007-08 Budget Policy Adjustments 						
North Weston - Pond Forward Design	 - 	625	 - 	 - 	 - 	
Molonglo - Infrastructure Forward Design Stage 1	 - 	635	 - 	 - 	 - 	
East Lake Urban Renewal Project 	 - 	350	 - 	 - 	 - 	
City West - Infrastructure Stage 2 Forward Design	 - 	500	 - 	 - 	 - 	
Business Systems Integration Project	 - 	490	1,458	100	 - 	
City Section 6 - Funding for Offsite Works	 - 	811	 - 	 - 	 - 	
						
2007-08 Budget Technical Adjustments						
Capital Upgrades Indexation	 - 	8	16	24	32	
Rollover - Belconnen Town Centre Infrastructure	(2,805)	2,805	 - 	 - 	 - 	

Changes to Appropriation – Departmental cont.						
 	2006-07	2007-08	2008-09	2009-10	2010-11	
Capital Injections	Est. Out.	Budget	Estimate	Estimate	Estimate	
 	$'000	$'000	$'000	$'000	$'000	
						
Transfer Appropriation from GPO	194	 - 	 - 	 - 	 - 	
						
2007-08 Budget	7,121	6,524	1,774	424	332	

2007-08 Capital Works Program 
Departmental 
 	Estimated	Estimated	2007‑08	2008-09	2009-10	Expected 	
	Total	Expenditure	Financing	Financing	Financing	Completion 	
	Cost	Pre 2007‑08				Date  	
 	$’000	$’000	$’000	$’000	$’000	 	
							
New Capital Works							
 	 	 	 	 	 	 	
New Works							
Molonglo ‑ Infrastructure Forward Design Stage 1	635	-	635	-	-	Jun 2008	
North Weston ‑ Pond Forward Design 	625	-	625	-	-	Jun 2008	
City West ‑ Infrastructure Stage 2 Forward Design	500	-	500	-	-	Jun 2008	
East Lake Urban Renewal Project	350	-	350	-	-	Jun 2008	
							
Total New Works	2,110	-	2,110	-	-	 	
							
Capital Upgrades							
Capital Upgrade Funding	308	-	308				
							
Total Capital Upgrades	308	-	308				
							
Total New Capital Works	2,418	-	2,418	-	-	 	
							
Works in Progress							
							
Land Release							
Belconnen Town Centre Infrastructure	3,000	195	2,805	-	-	Jun 2008	
							
Total Works in Progress	3,000	195	2,805	-	-		
 	 	 	 	 	 	 	
Total Departmental Capital Works	5,418	195	5,223	-	-	 	

Commonwealth Grants
The major Commonwealth payment for which the Portfolio has responsibility is:
Name of Grant
	Activities Funded by Grant
	2007-08
Estimate
$’000	

Regulation Reduction Incentive Fund Program	
This grant will develop an electronic Development and Building System that will generate significant regulatory compliance cost reductions to small and home based businesses in the land development and building sectors that operate within the greater ACT region	
1,205
	
Regulation Reduction Incentive Fund Program	Additional assistance for the development of the Electronic Development Assessment (eDAB) Form	233	

Total
		1,438	

ACT Planning and Land Authority	
Operating Statement	
  2006-07			  2006-07	   2007-08		  2008-09	  2009-10	  2010-11		
    Budget			Est.Outcome	   Budget	   Var	  Estimate	   Estimate	  Estimate		
    $'000			   $'000	   $'000	    %	   $'000	    $'000	   $'000		
		Income								
		Revenue								
35,851		Government Payment for Outputs	34,983	32,949	-6	32,907	33,144	33,402		
1,927		User Charges - Non ACT Government	1,927	1,974	2	2,021	2,072	2,151		
404		User Charges - ACT Government	404	413	2	423	434	450		
48		Other Revenue	48	49	2	50	51	51		
731		Resources Received free of charge	731	732	..	733	748	748		
38,961		Total Revenue	38,093	36,117	-5	36,134	36,449	36,802		
		Gains								
0		Total Gains	0	0	-	0	0	0		
38,961		Total Income	38,093	36,117	-5	36,134	36,449	36,802		
		Expenses								
18,528		Employee Expenses	18,822	17,521	-7	17,685	17,597	17,835		
5,449		Superannuation Expenses	5,468	5,287	-3	5,342	5,368	5,369		
15,069		Supplies and Services	14,319	12,762	-11	12,464	12,599	12,711		
485		Depreciation and Amortisation	485	315	-35	226	216	898		
20,776		Other Expenses	18,371	4,347	-76	740	763	771		
60,307		Total Ordinary Expenses	57,465	40,232	-30	36,457	36,543	37,584		
-21,346		Operating Result	-19,372	-4,115	79	-323	-94	-782		

ACT Planning and Land Authority	
Balance Sheet	
    Budget			Est.Outcome	   Planned		   Planned	   Planned	   Planned		
as at 30/6/07			as at 30/6/07	as at 30/6/08	   Var	as at 30/6/09	as at 30/6/10	as at 30/6/11		
   $'000			   $'000	    $'000	    %	    $'000	    $'000	    $'000		
		Current Assets								
1,709		Cash and Cash Equivalents	2,443	2,573	5	2,807	3,112	3,417		
725		Receivables	1,436	1,436	-	1,436	1,436	1,436		
255		Other	219	219	-	219	219	219		
2,689		Total Current Assets	4,098	4,228	3	4,462	4,767	5,072		
		Non Current Assets								
3,770		Property, Plant and Equipment	4,300	4,467	4	5,696	5,580	4,682		
2,838		Capital Works in Progress	6,398	8,808	38	9,108	9,408	9,708		
6,608		Total Non Current Assets	10,698	13,275	24	14,804	14,988	14,390		
9,297		TOTAL ASSETS	14,796	17,503	18	19,266	19,755	19,462		
		Current Liabilities								
1,957		Payables	4,426	4,376	-1	4,376	4,376	4,376		
3,200		Employee Benefits	6,273	6,617	5	6,923	7,078	7,235		
308		Other	0	0	-	0	0	0		
5,465		Total Current Liabilities	10,699	10,993	3	11,299	11,454	11,611		
		Non Current Liabilities								
3,529		Employee Benefits	128	132	3	136	136	136		
3,529		Total Non Current Liabilities	128	132	3	136	136	136		
8,994		TOTAL LIABILITIES	10,827	11,125	3	11,435	11,590	11,747		
303		NET ASSETS	3,969	6,378	61	7,831	8,165	7,715		
		REPRESENTED BY FUNDS EMPLOYED								
-597		Accumulated Funds	3,969	6,378	61	7,831	8,165	7,715		
900		Reserves	0	0	-	0	0	0		
303		TOTAL FUNDS EMPLOYED	3,969	6,378	61	7,831	8,165	7,715		

ACT Planning and Land Authority	
Cash Flow Statement	
  2006-07			  2006-07	   2007-08		  2008-09	  2009-10	  2010-11		
    Budget			Est.Outcome	   Budget	   Var	  Estimate	   Estimate	  Estimate		
    $'000			   $'000	   $'000	    %	   $'000	    $'000	   $'000		
		CASH FLOWS FROM OPERATING ACTIVITIES								
		Receipts								
35,851		Cash from Government for Outputs	34,983	32,949	-6	32,907	33,144	33,402		
2,656		User Charges	2,656	2,712	2	2,769	2,831	2,926		
1,433		Other Revenue	1,433	1,464	2	1,468	1,504	1,504		
39,940		Operating Receipts	39,072	37,125	-5	37,144	37,479	37,832		
		Payments								
24,485		Related to Employees	25,024	22,460	-10	22,715	22,806	23,047		
14,920		Related to Supplies and Services	14,478	13,098	-10	12,749	12,884	12,996		
1,415		Other	1,415	1,445	2	1,449	1,484	1,484		
40,820		Operating Payments	40,917	37,003	-10	36,913	37,174	37,527		
-880		NET CASH INFLOW/(OUTFLOW) FROM OPERATING ACTIVITIES	-1,845	122	107	231	305	305		
		CASH FLOWS FROM INVESTING ACTIVITIES								
		Payments								
9,837		Purchase of Property, Plant and Equipment	7,032	6,516	-7	1,771	424	332		
9,837		Investing Payments	7,032	6,516	-7	1,771	424	332		
-9,837		NET CASH INFLOW/(OUTFLOW) FROM INVESTING ACTIVITIES	-7,032	-6,516	7	-1,771	-424	-332		
		CASH FLOWS FROM FINANCING ACTIVITIES								
		Receipts								
9,732		Capital Injection from Government	7,121	6,524	-8	1,774	424	332		
9,732		Financing Receipts	7,121	6,524	-8	1,774	424	332		
		Payments								
1,129		Distributions to Government	1,129	0	-100	0	0	0		
1,129		Financing Payments	1,129	0	-100	0	0	0		
8,603		NET CASH INFLOW/(OUTFLOW) FROM FINANCING ACTIVITIES	5,992	6,524	9	1,774	424	332		
-2,114		NET INCREASE/(DECREASE) IN CASH HELD	-2,885	130	105	234	305	305		
3,823		CASH AT BEGINNING OF REPORTING PERIOD	5,328	2,443	-54	2,573	2,807	3,112		
1,709		CASH AT THE END OF THE REPORTING PERIOD	2,443	2,573	5	2,807	3,112	3,417		

ACT Planning and Land Authority	
Statement of Changes in Equity	
    Budget			Est.Outcome	   Planned		   Planned	   Planned	   Planned		
as at 30/6/07			as at 30/6/07	as at 30/6/08	   Var	as at 30/6/09	as at 30/6/10	as at 30/6/11		
   $'000			   $'000	    $'000	    %	    $'000	    $'000	    $'000		
12,461		Opening Balance	16,623	3,969	-76	6,378	7,831	8,165		
		Accumulated Funds								
-21,346		Operating Result for the Period	-19,372	-4,115	79	-323	-94	-782		
		Reserves								
-21,346		Total Income And Expense For The Period	-19,372	-4,115	79	-323	-94	-782		
		Transactions Involving Equity Holders Affecting Accumulated Funds								
9,732		Capital Injections	7,121	6,524	-8	1,774	424	332		
-1,129		Capital (Distributions)	-1,129	0	100	0	0	0		
585		Inc/Dec in Net Assets due to Admin Restructure	726	0	-100	2	4	0		
303		Closing Balance	3,969	6,378	61	7,831	8,165	7,715		
Notes to the Budget Statements
Significant variations are as follows:
Operating Statement
•	government payments for outputs:
­	the decrease of $0.868 million in the 2006‑07 estimated outcome from the original budget reflects:
•	delays in the implementation of the City Heart Levy ($0.6 million), the rollover of Planning and Land Administration System strategic program funding ($0.350 million), the reclassification of City Section 6 paving from GPO to capital injections ($0.194 million), and the transfer of the Transport Strategy and Policy function to the Department of Territory and Municipal Services (TAMS) ($0.089 million); 
partially offset by 
•	increases in funding for wages and salaries ($0.165 million) resulting from the wage outcome, and a Treasurer’s Advance to initiate work on the Phillip Oval Master Plan ($0.200 million).
­	the decrease of $2.034 million in the 2007‑08 Budget from the 2006‑07 estimated outcome is primarily due to the transfers of the City Heart Levy ($1.477 million) and Transport Strategy and Policy ($0.596 million) functions to TAMS.
•	
employee and superannuation expenses: 
­	the increase of $0.313 million in the 2006‑07 estimated outcome from the original budget is due to wage outcomes; and
­	the decrease of $1.482 million in the 2007‑08 Budget from the 2006‑07 estimated outcome is mainly due to the effects of 2006‑07 Budget savings ($2.2 million) partially offset by wage outcomes.
•	supplies and services: 
­	the decrease of $0.750 million in the 2006‑07 estimated outcome from the original budget is due to:
•	the delayed implementation of the City Heart Levy ($0.6 million) and the rollover of strategic program funding for the Planning and Land System Reform ($0.350 million);
partially offset by
•	a Treasurer’s Advance for capital works at Phillip Oval ($0.2 million).
­	the decrease of $1.557 million in the 2007-08 Budget from the 2006‑07 estimated outcome reflects the completion of a number of strategic programs.
•	other expenses:
­	the decrease of $2.405 million in the 2006‑07 estimated outcome from the original budget is due to delays in completing and transferring completed capital works; and
­	the decrease of $14.024 million in the 2007‑08 Budget from the 2006‑07 estimated outcome reflects the completion of a number of pre-existing capital works projects, which are to be transferred to TAMS.
Balance Sheet
•	cash and cash equivalents:  the increase of $0.734 million in the 2006‑07 estimated outcome from the original budget reflects the balances required to be held to meet the Authority’s short‑term financial obligations.
•	receivables:  the increase of $0.711 million in the 2006‑07 estimated outcome from the original budget is primarily due to outstanding user charge payments.
•	property, plant and equipment:  the increase of $0.530 million in the 2006‑07 estimated outcome from the original budget is a technical adjustment to correct coding from capital works in progress to property, plant and equipment items.
•	capital works in progress:
­	the increase of $3.560 million in the 2006‑07 estimated outcome from the original budget reflects the delays in completing some capital works projects; and
­	the increase of $2.410 million in the 2007‑08 Budget from the 2006‑07 estimated outcome reflects additions to the capital works program.
•	payables:  the increase of $2.469 million in the 2006‑07 estimated outcome from the original budget represents the accrued payables owing at year end.
•	current and non current employee benefits:  the increase of $3.073 million in current employee benefits and the decrease of $3.401 million in non current employee benefits in the 2006‑07 estimated outcome from the original budget relates to the change in the recognition of employee entitlements under the Australian equivalent of the International Financial Reporting Standards (IFRS).
Statement of Changes in Equity
•	capital injections:
­	the decrease of $2.611 million in the 2006‑07 estimated outcome from the original budget is due to some capital works projects not being undertaken in 2006‑07; and
­	the decrease of $0.597 million in the 2007‑08 Budget from the 2006‑07 estimated outcome reflects a smaller capital works program.

ACT Planning and Land Authority	
Statement of Income and Expenses on Behalf of the Territory	
  2006-07			  2006-07	   2007-08		  2008-09	  2009-10	  2010-11		
    Budget			Est.Outcome	   Budget	   Var	  Estimate	   Estimate	  Estimate		
    $'000			   $'000	   $'000	    %	   $'000	    $'000	   $'000		
		Income								
		Revenue								
12,945		Taxes Fees and Fines	12,945	13,379	3	13,830	14,398	14,945		
30		Grants from the Commonwealth	30	30	-	0	0	0		
0		Other Revenue	6,000	0	-100	0	0	0		
12,975		Total Revenue	18,975	13,409	-29	13,830	14,398	14,945		
		Gains								
0		Total Gains	0	0	-	0	0	0		
12,975		Total Income	18,975	13,409	-29	13,830	14,398	14,945		
		Expenses								
30		Other Expenses	30	30	-	0	0	0		
12,945		Transfer Expenses	18,945	13,379	-29	13,830	14,398	14,945		
12,975		Total Ordinary Expenses	18,975	13,409	-29	13,830	14,398	14,945		
0		Operating Result	0	0	-	0	0	0		

ACT Planning and Land Authority	
Statement of Assets and Liabilities on Behalf of the Territory	
    Budget			Est.Outcome	   Planned		   Planned	   Planned	   Planned		
as at 30/6/07			as at 30/6/07	as at 30/6/08	   Var	as at 30/6/09	as at 30/6/10	as at 30/6/11		
   $'000			   $'000	    $'000	    %	    $'000	    $'000	    $'000		
		Current Assets								
2,493		Cash and Cash Equivalents	0	0	-	0	0	0		
0		Receivables	686	686	-	686	686	686		
2,493		Total Current Assets	686	686	-	686	686	686		
		Non Current Assets								
0		Receivables	378	378	-	378	378	378		
0		Total Non Current Assets	378	378	-	378	378	378		
2,493		TOTAL ASSETS	1,064	1,064	-	1,064	1,064	1,064		
		Current Liabilities								
2,493		Payables	926	926	-	926	926	926		
0		Other	10	10	-	10	10	10		
2,493		Total Current Liabilities	936	936	-	936	936	936		
		Non Current Liabilities								
0		Payables	128	128	-	128	128	128		
0		Total Non Current Liabilities	128	128	-	128	128	128		
2,493		TOTAL LIABILITIES	1,064	1,064	-	1,064	1,064	1,064		
0		NET ASSETS	0	0	-	0	0	0		
		REPRESENTED BY FUNDS EMPLOYED								
0		Accumulated Funds	0	0	-	0	0	0		
0		TOTAL FUNDS EMPLOYED	0	0	-	0	0	0		

ACT Planning and Land Authority	
Budgeted Statement of Cashflows on Behalf of the Territory	
  2006-07			  2006-07	   2007-08		  2008-09	  2009-10	  2010-11		
    Budget			Est.Outcome	   Budget	   Var	  Estimate	   Estimate	  Estimate		
    $'000			   $'000	   $'000	    %	   $'000	    $'000	   $'000		
		CASH FLOWS FROM OPERATING ACTIVITIES								
		Receipts								
12,945		Taxes, Fees and Fines	12,945	13,379	3	13,830	14,398	14,945		
30		Grants Received from the Commonwealth	30	30	-	0	0	0		
3		Other Revenue	6,003	3	-100	3	93	93		
12,978		Operating Receipts	18,978	13,412	-29	13,833	14,491	15,038		
		Payments								
3		Other	3	3	-	3	5	5		
12,975		Territory Receipts to Government	18,553	13,409	-28	13,830	14,486	15,033		
12,978		Operating Payments	18,556	13,412	-28	13,833	14,491	15,038		
0		NET CASH INFLOW/(OUTFLOW) FROM OPERATING ACTIVITIES	422	0	-100	0	0	0		
		CASH FLOWS FROM FINANCING ACTIVITIES								
		Receipts								
-1,000		Receipt of Transferred Cash Balances	0	0	-	0	0	0		
-1,000		Financing Receipts	0	0	-	0	0	0		
		Payments								
0		Payments of Transferred Cash Balances	1,000	0	-100	0	0	0		
0		Financing Payments	1,000	0	-100	0	0	0		
-1,000		NET CASH INFLOW/(OUTFLOW) FROM FINANCING ACTIVITIES	-1,000	0	100	0	0	0		
-1,000		NET INCREASE/(DECREASE) IN CASH HELD	-578	0	100	0	0	0		
3,493		CASH AT BEGINNING OF REPORTING PERIOD	578	0	-100	0	0	0		
2,493		CASH AT THE END OF THE REPORTING PERIOD	0	0	-	0	0	0		

ACT Planning and Land Authority	
Statement of Changes in Equity on Behalf of the Territory	
    Budget			Est.Outcome	   Planned		   Planned	   Planned	   Planned		
as at 30/6/07			as at 30/6/07	as at 30/6/08	   Var	as at 30/6/09	as at 30/6/10	as at 30/6/11		
   $'000			   $'000	    $'000	    %	    $'000	    $'000	    $'000		
48,730		Opening Balance	42,727	0	-100	0	0	0		
		Accumulated Funds								
0		Net Effect of a Correction of an Error	-1	0	100	0	0	0		
0		Operating Result for the Period	0	0	-	0	0	0		
		Reserves								
-16,667		Increase/(Decrease) in asset revaluation reserve	-10,663	0	100	0	0	0		
-16,667		Total Income And Expense For The Period	-10,664	0	100	0	0	0		
		Transactions Involving Equity Holders Affecting Accumulated Funds								
-32,063		Inc/Dec in Net Assets due to Admin Restructure	-32,063	0	100	0	0	0		
0		Closing Balance	0	0	-	0	0	0		
Notes to the Budget Statements
Significant variations are as follows:
Statement of Income and Expenses on Behalf of the Territory
•	taxes, fees and fines:  the increase of $0.434 million in the 2007‑08 Budget from the 2006‑07 estimated outcome reflects the increase in revenue expected from Wage Price Index adjustments.
•	other revenue:
­	the increase of $6 million in the 2006‑07 estimated outcome from the original budget reflects the receipt of unbudgeted land rental revenue; and
­	the decrease of $6 million in the 2007‑08 Budget from the 2006‑07 estimated outcome is due to the budget for this item having been transferred to TAMS.