Cultural facilities corporation
Objectives
The vision of the Cultural Facilities Corporation (the Corporation) is to be a cultural leader in the ACT community and region.  The Corporation’s primary objective is to enrich the cultural life of people living in, and visiting, the ACT and region by managing its facilities and delivering its programs in a creative, professional, and business-like manner.
The Corporation’s functions include the performing arts, the visual arts, social history and cultural heritage management.  The organisation delivers a range of cultural services to the community by providing activities such as theatre presentations, exhibitions, and education and community programs, and through conserving and presenting significant aspects of the ACT’s cultural heritage.
The Corporation aims to provide cultural leadership, excellence and innovation and to promote community involvement in activities at the Corporation’s facilities.
2010‑11 Priorities
Strategic and operational issues to be pursued in 2010‑11 include:
•	maximising visitation to, and patronage of, the Corporation’s facilities through a wide range of visual arts, social history and performing arts programs including targeted audience development and community outreach;
•	presenting exhibitions, education and community programs at the museums and galleries managed by the Corporation, with involvement in preparations for the Centenary of Canberra in 2013, and in other significant events and festivals, and participation in a range of partnerships with other cultural organisations;
•	presenting a varied program of performing arts productions at the Canberra Theatre Centre;
•	opening the new Nolan Collection Gallery at the Canberra Museum and Gallery, and determining the most appropriate use for the community of the former Nolan Gallery building in the context of Lanyon’s heritage setting and significance; and
•	undertaking the second year of a multi‑year capital project comprising a package of conservation and upgrade works needed to bring the ACT Historic Places managed by the Corporation (Lanyon, Calthorpes’ House and Mugga Mugga) up to a sound condition and to protect their structural integrity and heritage values into the future.
Estimated Employment Level
2008‑09
Actual Outcome		2009-10
Budget
	2009-10
Est. Outcome	2010-11
Budget
	
84	Staffing (FTE)1	86	81	81	
Note:
1.	The high number of casuals employed and the variations in patterns of casual employment make a definitive FTE difficult to estimate.  The budget and estimated outcome FTE are based on average FTE hours for the past 12 month period.  

Strategic Indicators
Strategic Indicator 1
Provision of Cultural Leadership, Excellence and Innovation
The Corporation seeks to be recognised as promoting cultural leadership in the ACT, including through the development of strategic partnerships.
The Corporation also seeks to ensure that the activities and programs at its facilities are recognised for their excellence, innovation, and diversity.
Strategic Indicator 2
Promotion of Community Involvement in Activities at Corporation Facilities
The Corporation seeks to develop increased awareness of its facilities and activities amongst the ACT community and visitors to Canberra, and to ensure a strong community orientation, with proud and willing community support.
The Corporation also seeks to maintain and, where possible, to increase visitation to its facilities and participation in its programs, whilst recognising and balancing this with its cultural responsibilities, especially with regard to conservation.
In addition, the Corporation seeks to contribute to Canberra’s economic development and attractiveness as both a business and tourist destination.

Output Classes
	Total Cost1	Government Payment for Outputs	
	2009-10
Est. Outcome
$’000	2010-11
Budget
$’000 	2009-10
Est. Outcome
$’000 	2010-11
Budget
$’000 	
Output Class 1:
Cultural Facilities Management	13,731	13,794	7,435	7,440	
Output 1.1:  Cultural Facilities Corporation	13,731	13,794	7,435	7,440	
Note:
1.	Total cost includes depreciation of $1.905 million in 2009‑10 and $1.979 million in 2010‑11.
Output Description
The Cultural Facilities Corporation manages a number of major cultural assets, comprising:
•	the Canberra Theatre Centre;
•	the Canberra Museum and Gallery and the Nolan Collection; and
•	the ACT Historic Places (Lanyon, Calthorpes' House and Mugga Mugga).
In managing these facilities, the Corporation provides a range of cultural services to the community through the provision of activities (performing arts presentations, exhibitions, education programs, community programs and other events) at each site, and through the conservation and interpretation of the ACT Historic Places.
The Corporation also has responsibility for managing and developing the Civic Square precinct as a cultural focus of the ACT.

Accountability Indicators
	2009‑10
Targets	2009‑10
Est. Outcome	2010‑11
Targets	
Output Class 1: Cultural Facilities Management	
Output 1.1: Cultural Facilities Corporation	
				
a.	Estimated number of visitors/patrons to facilities	310,000	306,036	302,100	
b.	Number of exhibitions at facilities managed by the Corporation	18	18	18	
c.	Number of education and community programs at facilities managed by the Corporation1	400	429	440	
d.	Number of days venue usage at the Canberra Theatre Centre’s venues2	450	713	690	
e.	Customer satisfaction with quality of services provided by the Corporation, as measured by annual survey	80%	>80%	80%	
f.	Cost to Government per estimated visitor/patron to facilities managed by the Corporation	$23.95	$24.29	$24.63	
g.	Own sourced revenue as a proportion of total revenue for the Corporation	37.1%	36.8%	37.5%	
Notes:
1.	The increase in the 2009-10 estimated outcomes from the 2009-10 target is due to high demand for education programs offered by the Corporation.  The increase in the 2010-11 target from the 2009-10 target is due to the expectation that the increased demand will continue in 2010-11, and to the anticipated provision of extra programs in association with the new Nolan Collection Gallery.
2.	The increase in the 2009-10 estimated outcomes from the 2009-10 target relates to a less severe effect than anticipated of the economic downturn on theatre business, and more extensive use of the Courtyard Studio.  The increase in the 2010-11 target from the 2009-10 target is due to the expectation of a continuing higher usage of venues in 2010-11.

Changes to Appropriation
Changes to Appropriation - Departmental						
 	2009-10	2010-11	2011-12	2012-13	2013-14	
Government Payment for Outputs	Est. Out.	Budget	Estimate	Estimate	Estimate	
 	$'000	$'000	$'000	$'000	$'000	
						
2009-10 Budget	7,435	7,367	7,508	7,698	7,698	
						
2010-11 Budget Policy Adjustments						
Revised Wage Parameters	- 	73 	127 	129 	130 	
Efficiency Dividend	- 	- 	(38)	(58)	(79)	
						
2010-11 Budget Technical Adjustment						
Revised Indexation Parameters	- 	- 	- 	- 	143 	
						
2010-11 Budget	7,435	7,440	7,597	7,769	7,892	

Changes to Appropriation - Departmental						
 	2009-10	2010-11	2011-12	2012-13	2013-14	
Capital Injections	Est. Out.	Budget	Estimate	Estimate	Estimate	
 	$'000	$'000	$'000	$'000	$'000	
						
2009-10 Budget	2,222	1,561	853	659	659	
						
2010-11 Budget Policy Adjustment						
Canberra Theatre Centre - Heating, Ventilation and 
Air Conditioning and Hydraulics Works	- 	125 	- 	- 	- 	
						
2010-11 Budget Technical Adjustments						
Capital Upgrades Indexation	- 	- 	- 	- 	9 	
Cessation - Historic Places Major Project	- 	- 	- 	- 	(308)	
						
2010-11 Budget	2,222	1,686	853	659	360	

2010‑11 Capital Works Program
 	Estimated	Estimated	2010‑11	2011-12	2012-13	Physical 	
	Total	Expenditure	Financing	Financing	Financing	Completion 	
	Cost	Pre 2010‑11				Date  	
 	$’000	$’000	$’000	$’000	$’000	 	
							
New Capital Works							
Canberra Theatre Centre – Heating Ventilation and Air Conditioning and Hydraulics Works	125	-	125	-	-	Jun 2011	
							
Total New Capital Works	125	-	125	-	-		
							
Capital Upgrades							
Canberra Theatre Centre	176	-	176				
ACT Museums and Galleries	120	-	120				
Historic Places/Cultural Facilities Corporation	38	-	38				
							
Total Capital Upgrades	334	-	334				
							
Total New Works	459	-	459	-	-		
							
Works in Progress							
Historic Places Major Project	3,683	1,637	1,227	511	308	Jun 2013	
							
Total Works in Progress	3,683	1,637	1,227	511	308		
							
Total Capital Works Program	4,142	1,637	1,686	511	308		

Cultural Facilities Corporation
Operating Statement
  2009-10			  2009-10	   2010-11		  2011-12	    2012-13	  2013-14		
    Budget			Est.Outcome	   Budget	     Var	  Estimate	    Estimate	  Estimate		
    $'000			    $'000	   $'000	      %	    $'000	     $'000	   $'000		
		Income								
		Revenue								
7,435		Government Payment for Outputs	7,435	7,440	..	7,597	7,769	7,892		
3,781		User Charges - Non ACT Government	3,781	3,922	4	4,055	4,055	4,055		
457		User Charges - ACT Government	457	457	-	474	474	474		
100		Interest	50	55	10	60	65	71		
39		Resources Received Free of Charge	39	39	-	39	39	39		
11,812		Total Revenue	11,762	11,913	1	12,225	12,402	12,531		
		Gains								
0		Total Gains	0	0	-	0	0	0		
11,812		Total Income	11,762	11,913	1	12,225	12,402	12,531		
		Expenses								
5,203		Employee Expenses	5,228	5,305	1	5,384	5,483	5,534		
729		Superannuation Expenses	731	748	2	782	782	782		
5,806		Supplies and Services	5,806	5,701	-2	5,834	5,907	5,979		
1,905		Depreciation and Amortisation	1,905	1,979	4	2,028	2,051	2,051		
61		Other Expenses	61	61	-	61	61	61		
13,704		Total Ordinary Expenses	13,731	13,794	..	14,089	14,284	14,407		
-1,892		Operating Result	-1,969	-1,881	4	-1,864	-1,882	-1,876		
-1,892		Total Comprehensive Income	-1,969	-1,881	4	-1,864	-1,882	-1,876		

Cultural Facilities Corporation
Balance Sheet
    Budget			Est.Outcome	    Planned		   Planned	   Planned	   Planned		
as at 30/6/10			as at 30/6/10	as at 30/6/11	   Var	as at 30/6/12	as at 30/6/13	as at 30/6/14		
   $'000			   $'000	     $'000	    %	    $'000	    $'000	    $'000		
		Current Assets								
214		Cash and Cash Equivalents	500	502	..	560	623	692		
500		Receivables	359	360	..	361	362	363		
25		Inventories	22	22	-	22	22	22		
242		Other	126	126	-	126	126	126		
981		Total Current Assets	1,007	1,010	..	1,069	1,133	1,203		
		Non Current Assets								
49,231		Property, Plant and Equipment	49,169	49,026	..	48,001	46,759	45,218		
0		Capital Works in Progress	116	116	-	116	116	116		
49,231		Total Non Current Assets	49,285	49,142	..	48,117	46,875	45,334		
50,212		TOTAL ASSETS	50,292	50,152	..	49,186	48,008	46,537		
		Current Liabilities								
443		Payables	306	306	-	306	306	306		
13		Finance Leases	23	23	-	23	23	23		
1,102		Employee Benefits	1,271	1,324	4	1,368	1,412	1,456		
156		Other	176	176	-	176	176	176		
1,714		Total Current Liabilities	1,776	1,829	3	1,873	1,917	1,961		
		Non Current Liabilities								
71		Finance Leases	104	104	-	104	104	104		
60		Employee Benefits	89	90	1	90	90	90		
434		Other	382	383	..	384	385	386		
565		Total Non Current Liabilities	575	577	..	578	579	580		
2,279		TOTAL LIABILITIES	2,351	2,406	2	2,451	2,496	2,541		
47,933		NET ASSETS	47,941	47,746	..	46,735	45,512	43,996		
		REPRESENTED BY FUNDS EMPLOYED								
28,776		Accumulated Funds	28,807	28,612	-1	27,601	26,378	24,862		
19,157		Reserves	19,134	19,134	-	19,134	19,134	19,134		
47,933		TOTAL FUNDS EMPLOYED	47,941	47,746	..	46,735	45,512	43,996		

Cultural Facilities Corporation
Cash Flow Statement
  2009-10			  2009-10	   2010-11		  2011-12	    2012-13	  2013-14		
    Budget			Est.Outcome	   Budget	     Var	  Estimate	    Estimate	  Estimate		
    $'000			    $'000	   $'000	      %	    $'000	     $'000	   $'000		
		CASH FLOWS FROM OPERATING ACTIVITIES								
		Receipts								
7,435		Cash from Government for Outputs	7,435	7,440	..	7,597	7,769	7,892		
4,250		User Charges	4,250	4,391	3	4,541	4,541	4,541		
100		Interest Received	50	55	10	60	65	71		
511		Other Revenue	511	511	-	511	511	511		
12,296		Operating Receipts	12,246	12,397	1	12,709	12,886	13,015		
		Payments								
5,160		Related to Employees	5,172	5,251	2	5,340	5,439	5,490		
729		Related to Superannuation	731	748	2	782	782	782		
5,775		Related to Supplies and Services	5,775	5,670	-2	5,803	5,876	5,948		
576		Other	576	576	-	576	576	576		
12,240		Operating Payments	12,254	12,245	..	12,501	12,673	12,796		
56		NET CASH INFLOW/ (OUTFLOW) FROM OPERATING ACTIVITIES	-8	152	#	208	213	219		
		CASH FLOWS FROM INVESTING ACTIVITIES								
		Payments								
2,372		Purchase of Property, Plant and Equipment and Capital Works	2,372	1,836	-23	1,003	809	510		
2,372		Investing Payments	2,372	1,836	-23	1,003	809	510		
-2,372		NET CASH INFLOW/ (OUTFLOW) FROM INVESTING ACTIVITIES	-2,372	-1,836	23	-1,003	-809	-510		
		CASH FLOWS FROM FINANCING ACTIVITIES								
		Receipts								
2,222		Capital Injection from Government	2,222	1,686	-24	853	659	360		
2,222		Financing Receipts	2,222	1,686	-24	853	659	360		
2,222		NET CASH INFLOW/ (OUTFLOW) FROM FINANCING ACTIVITIES	2,222	1,686	-24	853	659	360		
-94		NET INCREASE/ (DECREASE) IN CASH HELD	-158	2	101	58	63	69		
308		CASH AT BEGINNING OF REPORTING PERIOD	658	500	-24	502	560	623		
214		CASH AT THE END OF THE REPORTING PERIOD	500	502	..	560	623	692		

Cultural Facilities Corporation
Statement of Changes in Equity
    Budget			Est.Outcome	    Planned		   Planned	   Planned	   Planned		
as at 30/6/10			as at 30/6/10	as at 30/6/11	   Var	as at 30/6/12	as at 30/6/13	as at 30/6/14		
   $'000			   $'000	     $'000	    %	    $'000	    $'000	    $'000		
		Opening Equity								
28,446		Opening Accumulated Funds	28,554	28,807	1	28,612	27,601	26,378		
19,157		Opening Asset Revaluation Reserve	19,134	19,134	-	19,134	19,134	19,134		
47,603		Balance at the Start of the Reporting Period	47,688	47,941	1	47,746	46,735	45,512		
		Comprehensive Income								
-1,892		Operating Result for the Period	-1,969	-1,881	4	-1,864	-1,882	-1,876		
-1,892		Total Comprehensive Income	-1,969	-1,881	4	-1,864	-1,882	-1,876		
0		Total Movement in Reserves	0	0	-	0	0	0		
		Transactions Involving Owners Affecting Accumulated Funds								
2,222		Capital Injections	2,222	1,686	-24	853	659	360		
2,222		Total Transactions Involving Owners Affecting Accumulated Funds	2,222	1,686	-24	853	659	360		
		Closing Equity								
28,776		Closing Accumulated Funds	28,807	28,612	-1	27,601	26,378	24,862		
19,157		Closing Asset Revaluation Reserve	19,134	19,134	-	19,134	19,134	19,134		
47,933		Balance at the End of the Reporting Period	47,941	47,746	..	46,735	45,512	43,996		
Notes to the Budget Statements
Significant variations are as follow:
Operating Statement 
•	user charges - non ACT Government:  the increase of $0.141 million in the 2010‑11 Budget from the 2009‑10 estimated outcome is mainly due to an increase in activity at the Canberra Theatre Centre.
•	interest:  the decrease of $0.050 million in the 2009‑10 estimated outcome from the original budget is mainly due to lower than anticipated interest rates.
•	supplies and services:  the decrease of $0.105 million in the 2010‑11 Budget from the 2009‑10 estimated outcome is mainly due to the cessation of additional one‑off repairs and maintenance provided in the 2009‑10 Budget offset by indexation.
Balance Sheet
•	cash and cash equivalents:  the increase of $0.286 million in the 2009‑10 estimated outcome from the original budget is mainly due to less expenditure on self funded capital works due to delays.
•	receivables:  the decrease of $0.141 million in the 2009‑10 estimated outcome from the original budget is mainly due to less Box Office revenue being accrued at year end.
•	other current assets:  the decrease of $0.116 million in the 2009‑10 estimated outcome from the original budget is mainly due to a decrease in the number of Canberra Theatre Centre shows disclosed as work in progress at year end.
•	property, plant and equipment:  the decrease of $0.143 million in the 2010‑11 Budget from the 2009‑10 estimated outcome is mainly due to a reduction in the rate of asset replacement.
•	capital works in progress:  the increase of $0.116 million in the 2009‑10 estimated outcome from the original budget is mainly due to an internally funded capital program being unfinished at year end.
•	payables:  the decrease of $0.137 million in the 2009‑10 estimated outcome from the original budget is mainly due to accrued salaries now being disclosed as employee benefits.
•	current and non current employee benefits:  the increase of $0.198 million in the 2009‑10 estimated outcome from the original budget is mainly due to accrued salaries now being disclosed as employee benefits, as well as a change in methodology for determining employee benefits.
Cash Flow Statement
Variances in the statement are explained in the notes above.
Statement of Changes in Equity 
Variances in the statement are explained in the notes above.