AUSTRALIAN CAPITAL TERRITORY PUBLIC CEMETERIES BOARD
Objectives
The ACT Public Cemeteries Board (The Board) operates under the Cemeteries and Crematoria Act 2003.  It manages and operates public cemeteries in the ACT at Gungahlin, Woden and Hall.  The Board aims to operate the cemeteries sustainably and on a user pays principle, to minimise the cost to the Government and community.
The Board aims to continue to provide a wide range of burial options in all cemeteries to meet the needs of cultural and other groups that use cemetery services.  This includes encouraging the placement of ashes in specific ashes areas or family graves.  The Board also actively promotes the pre-purchase of cemetery services, which allows for people to arrange their affairs prior to death.
2005‑06 Highlights
Strategic and operational issues to be pursued in 2005‑06 include:
•	continuing to extend the area of Hall Cemetery to provide a low maintenance, reduced cost ‘environmentally friendly’ cemetery; and
•	continuing to work towards environmentally sustainable maintenance practices and provide high quality landscape presentation.

ACT Public Cemeteries Board	
Operating Statement	
  2004-05			  2004-05	   2005-06		  2006-07	  2007-08	  2008-09		
    Budget			Est.Outcome	   Budget	   Var	  Estimate	   Estimate	  Estimate		
    $'000			   $'000	   $'000	    %	   $'000	    $'000	   $'000		
		Income								
		Revenue								
1  289		User Charges - Non ACT Government	1  554	1  709	10	1  800	1  860	1  930		
111		Interest	185	197	6	210	218	236		
1  400		Total Revenue	1  739	1  906	10	2  010	2  078	2  166		
		Gains								
0		Total Gains	0	0	-	0	0	0		
1  400		Total Income	1  739	1  906	10	2  010	2  078	2  166		
		Expenses								
503		Employee Expenses	590	611	4	626	637	648		
75		Superannuation Expenses	66	72	9	73	76	79		
631		Supplies and Services	681	699	3	714	731	749		
171		Depreciation and Amortisation	171	171	-	171	171	171		
1  380		Total Ordinary Expenses	1  508	1  553	3	1  584	1  615	1  647		
20		Operating Result	231	353	53	426	463	519		

ACT Public Cemeteries Board	
Balance Sheet	
    Budget			Est.Outcome	   Planned		   Planned	   Planned	   Planned		
as at 30/6/05			as at 30/6/05	as at 30/6/06	   Var	as at 30/6/07	as at 30/6/08	as at 30/6/09		
   $'000			   $'000	    $'000	    %	    $'000	    $'000	    $'000		
		Current Assets								
969		Cash	1  306	1  276	-2	1  318	1  399	1  536		
46		Receivables	159	161	1	163	165	167		
3  336		Investments	2  560	2  960	16	3  460	3  960	4  460		
7		Other	14	14	-	14	14	14		
4  358		Total Current Assets	4  039	4  411	9	4  955	5  538	6  177		
		Non Current Assets								
0		Investments	700	700	-	700	700	700		
4  938		Property, Plant and Equipment	5  229	5  338	2	5  347	5  356	5  365		
4  938		Total Non Current Assets	5  929	6  038	2	6  047	6  056	6  065		
9  296		TOTAL ASSETS	9  968	10  449	5	11  002	11  594	12  242		
		Current Liabilities								
93		Payables	112	113	1	114	115	116		
86		Employee Benefits	127	136	7	146	158	170		
370		Other Provisions	415	425	2	435	445	455		
549		Total Current Liabilities	654	674	3	695	718	741		
		Non Current Liabilities								
164		Employee Benefits	162	170	5	176	182	188		
3  900		Other Provisions	4  177	4  277	2	4  377	4  477	4  577		
4  064		Total Non Current Liabilities	4  339	4  447	2	4  553	4  659	4  765		
4  613		TOTAL LIABILITIES	4  993	5  121	3	5  248	5  377	5  506		
4  683		NET ASSETS	4  975	5  328	7	5  754	6  217	6  736		
		REPRESENTED BY FUNDS EMPLOYED								
635		Accumulated Funds	927	1  280	38	1  706	2  169	2  688		
4  048		Reserves	4  048	4  048	-	4  048	4  048	4  048		
4  683		TOTAL FUNDS EMPLOYED	4  975	5  328	7	5  754	6  217	6  736		

ACT Public Cemeteries Board	
Cash Flow Statement	
  2004-05			  2004-05	   2005-06		  2006-07	  2007-08	  2008-09		
    Budget			Est.Outcome	   Budget	   Var	  Estimate	   Estimate	  Estimate		
    $'000			   $'000	   $'000	    %	   $'000	    $'000	   $'000		
		CASH FLOWS FROM OPERATING ACTIVITIES								
		Receipts								
1  399		User Charges	2  216	1  819	-18	1  910	1  970	2  040		
111		Interest Received	185	197	6	210	218	236		
193		Other Revenue	229	228	..	228	228	228		
1  703		Operating Receipts	2  630	2  244	-15	2  348	2  416	2  504		
		Payments								
561		Related to Employees	634	666	5	683	695	709		
631		Related to Supplies and Services	681	699	3	714	731	749		
192		Other	228	229	..	229	229	229		
1  384		Operating Payments	1  543	1  594	3	1  626	1  655	1  687		
319		NET CASH INFLOW/(OUTFLOW) FROM OPERATING ACTIVITIES	1  087	650	-40	722	761	817		
		CASH FLOWS FROM INVESTING ACTIVITIES								
		Payments								
60		Purchase of Property, Plant and Equipment	300	280	-7	180	180	180		
318		Purchase of Investments	431	400	-7	500	500	500		
378		Investing Payments	731	680	-7	680	680	680		
-378		NET CASH INFLOW/(OUTFLOW) FROM INVESTING ACTIVITIES	-731	-680	7	-680	-680	-680		
-59		NET INCREASE/(DECREASE) IN CASH HELD	356	-30	-108	42	81	137		
1  028		CASH AT BEGINNING OF REPORTING PERIOD	950	1  306	37	1  276	1  318	1  399		
969		CASH AT THE END OF THE REPORTING PERIOD	1  306	1  276	-2	1  318	1  399	1  536		

ACT Public Cemeteries Board	
Statement of Changes in Equity	
    Budget			Est.Outcome	   Planned		   Planned	   Planned	   Planned		
as at 30/6/05			as at 30/6/05	as at 30/6/06	   Var	as at 30/6/07	as at 30/6/08	as at 30/6/09		
   $'000			   $'000	    $'000	    %	    $'000	    $'000	    $'000		
4  663		Opening Balance	4  744	4  975	5	5  328	5  754	6  217		
		Accumulated Funds								
20		Operating Result for the Period	231	353	53	426	463	519		
		Reserves								
20		Total Income And Expense For The Period	231	353	53	426	463	519		
		Transactions Involving Equity Holders Affecting Accumulated Funds								
4  683		Closing Balance	4  975	5  328	7	5  754	6  217	6  736		
Notes to Budget Statements
Significant variations are as follows:
Operating Statement
•	user charges – non ACT Government:  
•	the increase of $0.265m in the 2004‑05 estimated outcome from the original budget is related to higher than anticipated price rises at the recommendation of actuarial consultants and the application of the Perpetual Care Trust regime; and
•	the increase of $0.155m in the 2005‑06 Budget from the 2004‑05 estimated outcome is also related to the price increases noted above this.  Price increases will continue until the level recommended by the Actuary is achieved.
•	employee and superannuation expenses:  the increase of $0.078m in the 2004‑05 estimated outcome from the original budget relates to the employment of an additional staff member.
Balance Sheet
•	cash and investments (current and non current):  
•	the increase of $0.261m in the 2004‑05 estimated outcome from the original budget is related to increased sales and the effect of the Perpetual Care Trust regime.  This is partially offset by increased capital expenditure and staffing;
•	the increase of $0.370m in the 2005‑06 Budget from the 2004‑05 estimated outcomes is related to the aforementioned sales increases and Perpetual Care Trust regime.
•	property, plant and equipment:  the increase of $0.291m in the 2004‑05 estimated outcome compared to the original budget relates to additional purchases of equipment and establishment of new burial areas; and
•	other provisions – non current:  the increase of $0.277m in the 2004‑05 estimated outcome from the original budget relates to a larger than anticipated contribution to the Perpetual Care Trust.