ACT Public Cemeteries Authority
Objectives
The ACT Public Cemeteries Authority (the Authority) operates under the Cemeteries and Crematoria Act 2003.  It manages and operates public cemeteries at Gungahlin, Woden and Hall.  The Authority aims to operate the cemeteries sustainably and on a user pays principle, to minimise the cost to the Government and community.
The Authority 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 Authority also actively promotes the pre-purchase of cemetery services.
2006-07 Priorities
Strategic and operational issues to be pursued in 2006‑07 include: 
•	expanding the range of services and options for burial and memorialisation; 
•	continuing to employ innovative solutions to reduce the cost of maintenance, with a view to enhancing perpetual care arrangements; 
•	continuing to work towards environmentally sustainable maintenance practices; and
•	providing high quality landscape presentation within cemetery grounds.

Australian Capital Territory Public Cemeteries Authority	
Operating Statement	
  2005-06			  2005-06	   2006-07		  2007-08	  2008-09	  2009-10		
    Budget			Est.Outcome	   Budget	   Var	  Estimate	   Estimate	  Estimate		
    $'000			   $'000	   $'000	    %	   $'000	    $'000	   $'000		
		Income								
		Revenue								
1,709		User Charges - Non ACT Government	1,709	1,852	8	1,936	2,031	2,075		
197		Interest	197	210	7	218	236	242		
1,906		Total Revenue	1,906	2,062	8	2,154	2,267	2,317		
		Gains								
0		Total Gains	0	0	-	0	0	0		
1,906		Total Income	1,906	2,062	8	2,154	2,267	2,317		
		Expenses								
611		Employee Expenses	611	626	2	637	648	656		
72		Superannuation Expenses	72	112	56	116	119	121		
699		Supplies and Services	699	714	2	731	749	767		
171		Depreciation and Amortisation	171	171	-	171	171	171		
1,553		Total Ordinary Expenses	1,553	1,623	5	1,655	1,687	1,715		
353		Operating Result	353	439	24	499	580	602		

Australian Capital Territory Public Cemeteries Authority	
Balance Sheet	
    Budget			Est.Outcome	   Planned		   Planned	   Planned	   Planned		
as at 30/6/06			as at 30/6/06	as at 30/6/07	   Var	as at 30/6/08	as at 30/6/09	as at 30/6/10		
   $'000			   $'000	    $'000	    %	    $'000	    $'000	    $'000		
		Current Assets								
1,276		Cash	1,503	1,558	4	1,675	1,873	2,093		
161		Receivables	157	159	1	161	163	165		
2,960		Investments	2,636	3,136	19	3,636	4,136	4,636		
14		Other	8	8	-	8	8	8		
4,411		Total Current Assets	4,304	4,861	13	5,480	6,180	6,902		
		Non Current Assets								
700		Investments	700	700	-	700	700	700		
5,338		Property, Plant and Equipment	5,191	5,200	..	5,209	5,218	5,227		
6,038		Total Non Current Assets	5,891	5,900	..	5,909	5,918	5,927		
10,449		TOTAL ASSETS	10,195	10,761	6	11,389	12,098	12,829		
		Current Liabilities								
113		Payables	134	135	1	136	137	138		
136		Employee Benefits	134	144	7	156	168	180		
425		Other Provisions	10	20	100	30	40	50		
0		Other	513	513	-	513	513	513		
674		Total Current Liabilities	791	812	3	835	858	881		
		Non Current Liabilities								
170		Employee Benefits	162	168	4	174	180	186		
4,277		Other Provisions	100	200	100	300	400	500		
0		Other	3,774	3,774	-	3,774	3,774	3,774		
4,447		Total Non Current Liabilities	4,036	4,142	3	4,248	4,354	4,460		
5,121		TOTAL LIABILITIES	4,827	4,954	3	5,083	5,212	5,341		
5,328		NET ASSETS	5,368	5,807	8	6,306	6,886	7,488		
		REPRESENTED BY FUNDS EMPLOYED								
1,280		Accumulated Funds	855	1,294	51	1,793	2,373	2,975		
4,048		Reserves	4,513	4,513	-	4,513	4,513	4,513		
5,328		TOTAL FUNDS EMPLOYED	5,368	5,807	8	6,306	6,886	7,488		

Australian Capital Territory Public Cemeteries Authority	
Cash Flow Statement	
  2005-06			  2005-06	   2006-07		  2007-08	  2008-09	  2009-10	
    Budget			Est.Outcome	   Budget	   Var	  Estimate	   Estimate	  Estimate	
    $'000			   $'000	   $'000	    %	   $'000	    $'000	   $'000	
		CASH FLOWS FROM OPERATING ACTIVITIES							
		Receipts							
1,819		User Charges	1,819	1,962	8	2,046	2,141	2,185	
197		Interest Received	197	210	7	218	236	242	
228		Other Revenue	228	228	-	228	228	228	
2,244		Operating Receipts	2,244	2,400	7	2,492	2,605	2,655	
		Payments							
666		Related to Employees	666	722	8	735	749	759	
699		Related to Supplies and Services	699	714	2	731	749	767	
229		Other	229	229	-	229	229	229	
1,594		Operating Payments	1,594	1,665	4	1,695	1,727	1,755	
650		NET CASH INFLOW/(OUTFLOW) FROM OPERATING ACTIVITIES	650	735	13	797	878	900	
		CASH FLOWS FROM INVESTING ACTIVITIES							
		Payments							
280		Purchase of Property, Plant and Equipment	280	180	-36	180	180	180	
400		Purchase of Investments	0	0	-	0	0	0	
680		Investing Payments	280	180	-36	180	180	180	
-680		NET CASH INFLOW/(OUTFLOW) FROM INVESTING ACTIVITIES	-280	-180	36	-180	-180	-180	
-30		NET INCREASE/(DECREASE) IN CASH HELD	370	555	50	617	698	720	
1,306		CASH AT BEGINNING OF REPORTING PERIOD	3,769	4,139	10	4,694	5,311	6,009	
1,276		CASH AT THE END OF THE REPORTING PERIOD	4,139	4,694	13	5,311	6,009	6,729	

Australian Capital Territory Public Cemeteries Authority	
Statement of Changes in Equity	
    Budget			Est.Outcome	   Planned		   Planned	   Planned	   Planned	
as at 30/6/06			as at 30/6/06	as at 30/6/07	   Var	as at 30/6/08	as at 30/6/09	as at 30/6/10	
   $'000			   $'000	    $'000	    %	    $'000	    $'000	    $'000	
4,975		Opening Balance	5,015	5,368	7	5,807	6,306	6,886	
		Accumulated Funds							
353		Operating Result for the Period	353	439	24	499	580	602	
		Reserves							
353		Total Income And Expense For The Period	353	439	24	499	580	602	
		Transactions Involving Equity Holders Affecting Accumulated Funds							
5,328		Closing Balance	5,368	5,807	8	6,306	6,886	7,488	
Notes to Budget Statements
Significant variations are as follows:
Operating Statement
•	user charges – non ACT Government:  the increase of $0.143 million in the 2006‑07 Budget from the 2005‑06 estimated outcome is related to price rises at the recommendation of actuarial consultants and the application of the Perpetual Care Trust regime1; and
•	superannuation expenses:  the increase in superannuation expenses of $0.040 million in the 2006‑07 Budget from the 2005‑06 estimated outcome is due to increased notional contribution rates.
Balance Sheet
•	cash and investments:  the increase of $0.555 million in the 2006‑07 Budget from the 2005‑06 estimated outcome is related to the application of the Perpetual Care Trust regime; and
•	current and non current other liabilities and provisions:  the decrease of $0.305 million in the 2005‑06 estimated outcome from the original budget, is related to the application of the Perpetual Care Trust regime and the flow‑on effect of the 2004‑05 audited outcome.

Note:
1	The Perpetual Care Trust regime is a requirement established under the Cemeteries and Crematoria Act 2003.  Funds are required to be deposited into investment trust accounts for each cemetery, based on a percentage formula, to ensure the short‑term and long‑term maintenance of each cemetery in perpetuity.