ACT Executive
Objectives
The ACT Executive consists of the Chief Minister and other Ministers appointed by the Chief Minister.  The ACT Executive has powers under the Australian Capital Territory (Self Government) Act 1988 to govern the Territory and execute and maintain enactments and laws.
2005‑06 Highlights
Strategic and operational issues to be pursued in 2005‑06 include setting government policies and implementing strategies to support the delivery of those policies.

Changes to Appropriation
Changes to Appropriation - Territorial						
 	2004-05	2005-06	2006-07	2007-08	2008-09	
Payment for Expenses on Behalf of Territory	Est. Outc.	Budget	Estimate	Estimate	Estimate	
 	$'000	$'000	$'000	$'000	$'000	
						
2004-05 Budget	  4  685	  4  768	  4  846	  4  930	  4  930	
						
Revised Indexation Parameters	    0	    0	    0	    0	    82	
Communication Contract Savings	    0	-19	-28	-28	-28	
						
2005-06 Budget 	  4  685	  4  749	  4  818	  4  902	  4  984	

ACT Executive	
Statement of Incomes and Expenses on Behalf of the Territory	
  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								
4  685		Payment for Expenses on behalf of Territory	4  685	4  749	1	4  818	4  902	4  984		
180		Resources Received free of charge	180	180	-	180	180	180		
4  865		Total Revenue	4  865	4  929	1	4  998	5  082	5  164		
		Gains								
0		Total Gains	0	0	-	0	0	0		
4  865		Total Income	4  865	4  929	1	4  998	5  082	5  164		
		Expenses								
2  909		Employee Expenses	3  232	3  275	1	3  317	3  359	3  401		
502		Superannuation Expenses	502	508	1	514	520	526		
1  447		Supplies and Services	1  124	1  139	1	1  160	1  196	1  230		
2		Depreciation and Amortisation	2	2	-	2	2	2		
4  860		Total Ordinary Expenses	4  860	4  924	1	4  993	5  077	5  159		
5		Operating Result	5	5	-	5	5	5		

ACT Executive	
Statement of Assets and Liabilities on Behalf of the Territory	
    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								
386		Cash	454	474	4	487	515	545		
0		Receivables	11	11	-	11	11	11		
386		Total Current Assets	465	485	4	498	526	556		
		Non Current Assets								
13		Property, Plant and Equipment	13	11	-15	9	7	5		
13		Total Non Current Assets	13	11	-15	9	7	5		
399		TOTAL ASSETS	478	496	4	507	533	561		
		Current Liabilities								
43		Payables	50	50	-	50	50	50		
251		Employee Benefits	352	365	4	371	392	415		
294		Total Current Liabilities	402	415	3	421	442	465		
		Non Current Liabilities								
0		Employee Benefits	47	47	-	47	47	47		
0		Total Non Current Liabilities	47	47	-	47	47	47		
294		TOTAL LIABILITIES	449	462	3	468	489	512		
105		NET ASSETS	29	34	17	39	44	49		
		REPRESENTED BY FUNDS EMPLOYED								
105		Accumulated Funds	29	34	17	39	44	49		
105		TOTAL FUNDS EMPLOYED	29	34	17	39	44	49		

ACT Executive	
Budgeted Statement of Cashflows on Behalf of the Territory	
  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								
4  685		Cash from Government for EBT	4  685	4  749	1	4  818	4  902	4  984		
108		Other Revenue	108	108	-	108	109	109		
4  793		Operating Receipts	4  793	4  857	1	4  926	5  011	5  093		
		Payments								
3  390		Related to Employees	3  742	3  770	1	3  825	3  858	3  904		
1  267		Related to Supplies and Services	944	959	2	980	1  016	1  050		
108		Other	108	108	-	108	109	109		
4  765		Operating Payments	4  794	4  837	1	4  913	4  983	5  063		
28		NET CASH INFLOW/(OUTFLOW) FROM OPERATING ACTIVITIES	-1	20	#	13	28	30		
28		NET INCREASE/(DECREASE) IN CASH HELD	-1	20	#	13	28	30		
358		CASH AT BEGINNING OF REPORTING PERIOD	455	454	..	474	487	515		
386		CASH AT THE END OF THE REPORTING PERIOD	454	474	4	487	515	545		
Notes to the Budget Statements
Statement of Incomes and Expenses on Behalf of the Territory
•	payment for expenses on behalf of the Territory:  the increase of $0.064m in the 2005‑06 Budget from the 2004‑05 estimated outcome is primarily due to indexation which is provided to meet price increases;
•	employee expenses:  the increase of $0.323m in the 2004‑05 estimated outcome from the original budget is due to the flow on effect from the 2003‑04 audited outcome, which transferred budget allocations from supplies and services to employee expenses.  The realignment of employee expenses was necessary as the original budget did not accurately reflect the effect of previous years’ salary increases and additional staff appointments; and 
•	
supplies and services:  the decrease of $0.323m in the 2004‑05 estimated outcome from the original budget is due to the flow on effect from the 2003‑04 audited outcome as noted above, which highlighted that the anticipated level of expenditure for 2004‑05 would be below the original budget forecast.
Statement of Assets and Liabilities on Behalf of the Territory
•	cash:  the increase of $0.068m in the 2004‑05 estimated outcome from the original budget is due to a higher level of cash identified in the 2003‑04 audited outcome; and
•	current and non current employee benefits:  the increase of $0.148m in the 2004‑05 estimated outcome from the original budget mainly reflects the effects of the salary realignment noted above.