APPENDIX E

ESTIMATED OUTCOME FOR DISCONTINUED AGENCIES

AUSTRALIAN INTERNATIONAL HOTEL SCHOOL
The Australian International Hotel School (AIHS) was sold to the Blue Mountains International Hotel Management School Pty Ltd (BMIHMS), with the transfer of ownership occurring on 30 October 2005.
The 2005‑06 estimated outcome reflects the financial results achieved from 1 July 2005 to 30 October 2005, while the 2005‑06 original budget reflects a full year estimate.  The majority of variations in the 2005‑06 estimated outcome compared to the 2005‑06 original budget can be attributed to the difference in these periods.

Australian International Hotel School	
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								
4,316		User Charges - Non ACT Government	1,336	0	-100	0	0	0		
1,500		User Charges - ACT Government	550	0	-100	0	0	0		
3		Interest	2	0	-100	0	0	0		
17		Other Revenue	577	0	-100	0	0	0		
5,836		Total Revenue	2,465	0	-100	0	0	0		
		Gains								
0		Total Gains	0	0	-	0	0	0		
5,836		Total Income	2,465	0	-100	0	0	0		
		Expenses								
2,906		Employee Expenses	1,323	0	-100	0	0	0		
251		Superannuation Expenses	174	0	-100	0	0	0		
2,044		Supplies and Services	1,099	0	-100	0	0	0		
39		Depreciation and Amortisation	14	0	-100	0	0	0		
570		Cost of Goods Sold	191	0	-100	0	0	0		
0		Other Expenses	87	0	-100	0	0	0		
5,810		Total Ordinary Expenses	2,888	0	-100	0	0	0		
26		Operating Result	-423	0	100	0	0	0		

Australian International Hotel School	
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								
414		Cash	0	0	-	0	0	0		
224		Receivables	0	0	-	0	0	0		
74		Other	0	0	-	0	0	0		
712		Total Current Assets	0	0	-	0	0	0		
		Non Current Assets								
297		Property, Plant and Equipment	0	0	-	0	0	0		
297		Total Non Current Assets	0	0	-	0	0	0		
1,009		TOTAL ASSETS	0	0	-	0	0	0		
		Current Liabilities								
414		Payables	0	0	-	0	0	0		
283		Employee Benefits	0	0	-	0	0	0		
550		Other	0	0	-	0	0	0		
1,247		Total Current Liabilities	0	0	-	0	0	0		
		Non Current Liabilities								
79		Employee Benefits	0	0	-	0	0	0		
79		Total Non Current Liabilities	0	0	-	0	0	0		
1,326		TOTAL LIABILITIES	0	0	-	0	0	0		
-317		NET ASSETS	0	0	-	0	0	0		
		REPRESENTED BY FUNDS EMPLOYED								
-317		Accumulated Funds	0	0	-	0	0	0		
-317		TOTAL FUNDS EMPLOYED	0	0	-	0	0	0		

Australian International Hotel School	
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								
5,969		User Charges	1,972	0	-100	0	0	0		
5		Interest Received	2	0	-100	0	0	0		
332		Other Revenue	874	0	-100	0	0	0		
6,306		Operating Receipts	2,848	0	-100	0	0	0		
		Payments								
3,104		Related to Employees	1,049	0	-100	0	0	0		
2,039		Related to Supplies and Services	1,426	0	-100	0	0	0		
1,033		Other	0	0	-	0	0	0		
6,176		Operating Payments	2,475	0	-100	0	0	0		
130		NET CASH INFLOW/(OUTFLOW) FROM OPERATING ACTIVITIES	373	0	-100	0	0	0		
		CASH FLOWS FROM INVESTING ACTIVITIES								
		Payments								
100		Purchase of Property, Plant and Equipment	24	0	-100	0	0	0		
100		Investing Payments	24	0	-100	0	0	0		
-100		NET CASH INFLOW/(OUTFLOW) FROM INVESTING ACTIVITIES	-24	0	100	0	0	0		
		CASH FLOWS FROM FINANCING ACTIVITIES								
		Payments								
0		Payments of Transferred Cash Balances	662	0	-100	0	0	0		
0		Financing Payments	662	0	-100	0	0	0		
0		NET CASH INFLOW/(OUTFLOW) FROM FINANCING ACTIVITIES	-662	0	100	0	0	0		
30		NET INCREASE/(DECREASE) IN CASH HELD	-313	0	100	0	0	0		
384		CASH AT BEGINNING OF REPORTING PERIOD	313	0	-100	0	0	0		
414		CASH AT THE END OF THE REPORTING PERIOD	0	0	-	0	0	0		

Australian International Hotel School	
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		
-343		Opening Balance	-107	0	100	0	0	0		
		Accumulated Funds								
26		Operating Result for the Period	-423	0	100	0	0	0		
		Reserves								
0		Transfer to/from Reserves	0	0	#	0	0	0		
26		Total Income And Expense For The Period	-423	0	-100	0	0	0		
		Transactions Involving Equity Holders Affecting Accumulated Funds								
0		Inc/Dec in Net Assets due to Admin Restructure	530	0	-100	0	0	0		
-317		Closing Balance	0	0	-	0	0	0		
Notes to the Budget Statements
The AIHS was sold to the Blue Mountains International Hotel Management School Pty Ltd (BMIHMS) with the transfer of ownership occurring on 30 October 2005.  The 2005‑06 estimated outcome reflects the financial results achieved for the period from 1 July 2005 to 30 October 2005, while the 2005‑06 original budget reflects full-year figures.  The primary reason for any variation in the 2005‑06 estimated outcome compared to the original budget can be attributed to the difference in duration of these accounting periods.
Other variations are as follows:
Operating Statement
•	user charges – ACT government:  the decrease of $0.950 million in the 2005‑06 estimated outcome from the original budget is due to the operating subsidy being paid to an external party (BMIHMS) from 30 October 2005;
•	other revenue:  the increase of $0.560 million in the 2005‑06 estimated outcome from the original budget is mainly due to the receipt of termination payments from the restructure fund to be on‑passed to employees of AIHS; and
•	supplies and services:  the decrease of $0.945 million in the 2005‑06 estimated outcome from the original budget is due to the timing of invoices for the period.
Balance Sheet
•	cash:  the increase of $0.238 million in the 2005‑06 estimated outcome from the original budget is primarily due to higher than expected sales and tuition fees received during the first quarter of 2005‑06;
•	property, plant and equipment:  the decrease of $0.155 million in the 2005‑06 estimated outcome from the original budget is due to the revaluation of property, plant and equipment down to market value; and
•	current and non current employee benefits:  the decrease of $0.362 million in the 2005‑06 estimated outcome from the original budget is due to the payout of all employee benefits prior to the transfer of ownership of the AIHS.  

Office for Children, Youth and Family Support
The Office for Children, Youth and Family Support (the Office) forms part of the Department of Disability, Housing and Community Services.  Budgeting and financial reporting for the Office had, however, been separated in order to facilitate the establishment of the Office following the Government’s consideration of the Vardon Report.
From 1 July 2006, the Office will be integrated into the Department of Disability, Housing and Community Services.  Financial information on the Office will be available as separate outputs, and major strategic and accountability measures will continue.

Outputs to cease after 2005-06	Total Cost	Government Payment for Outputs	
	2005‑06
Est. Outcome
$’000	2006-07
Budget
$’000	2005‑06
Est. Outcome
$’000	2006-07
Budget
$’000	
Output Class:
Children, Youth and Family Support	58,474	n/a	55,909	n/a	
Client and Adolescent Services1	15,911	n/a	14,949	n/a	
Care and Protection Services2	42,563	n/a	40,960	n/a	
					
Output Class:
Early Intervention	18,280	n/a	16,434	n/a	
Child Development, Family Support and Prevention Services3	18,280	n/a	16,434	n/a	
Note:
1.	This output and associated accountability indicators will be transferred to the Department of Disability, Housing and Community Services and reported under Output 4.1 Child and Young People Services in 2006-07. 
2.	This output and associated accountability indicators will be transferred to the Department of Disability, Housing and Community Services and reported under Output 4.2 Care and Protection Services in 2006-07.
3.	This output and associated accountability indicators will be transferred to the Department of Disability, Housing and Community Services and reported under Output 2.2 Child, Youth and Family Support in 2006-07.

Office for Children, Youth and Family Support	
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								
70,935		Government Payment for Outputs	72,343	0	-100	0	0	0		
79		User Charges - Non ACT Government	639	0	-100	0	0	0		
292		Grants from the Commonwealth	34	0	-100	0	0	0		
50		Interest	160	0	-100	0	0	0		
100		Other Revenue	230	0	-100	0	0	0		
1		Resources Received free of charge	300	0	-100	0	0	0		
71,457		Total Revenue	73,706	0	-100	0	0	0		
		Gains								
0		Total Gains	0	0	-	0	0	0		
71,457		Total Income	73,706	0	-100	0	0	0		
		Expenses								
24,631		Employee Expenses	25,123	0	-100	0	0	0		
3,969		Superannuation Expenses	4,002	0	-100	0	0	0		
15,176		Supplies and Services	17,224	0	-100	0	0	0		
757		Depreciation and Amortisation	1,898	0	-100	0	0	0		
27,730		Grants and Purchased Services	27,430	0	-100	0	0	0		
69		Other Expenses	1,043	0	-100	0	0	0		
58		Transfer Expenses	34	0	-100	0	0	0		
72,390		Total Ordinary Expenses	76,754	0	-100	0	0	0		
-933		Operating Result	-3,048	0	100	0	0	0		

Office for Children, Youth and Family Support	
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								
955		Cash	65	0	-100	0	0	0		
2,570		Receivables	1,057	0	-100	0	0	0		
0		Investments	3,797	0	-100	0	0	0		
8		Other	2	0	-100	0	0	0		
3,533		Total Current Assets	4,921	0	-100	0	0	0		
		Non Current Assets								
36,187		Property, Plant and Equipment	33,131	0	-100	0	0	0		
3,500		Capital Works in Progress	2,363	0	-100	0	0	0		
39,687		Total Non Current Assets	35,494	0	-100	0	0	0		
43,220		TOTAL ASSETS	40,415	0	-100	0	0	0		
		Current Liabilities								
664		Payables	3,483	0	-100	0	0	0		
2,167		Employee Benefits	2,800	0	-100	0	0	0		
2,831		Total Current Liabilities	6,283	0	-100	0	0	0		
		Non Current Liabilities								
1,250		Employee Benefits	1,505	0	-100	0	0	0		
1,250		Total Non Current Liabilities	1,505	0	-100	0	0	0		
4,081		TOTAL LIABILITIES	7,788	0	-100	0	0	0		
39,139		NET ASSETS	32,627	0	-100	0	0	0		
		REPRESENTED BY FUNDS EMPLOYED								
39,139		Accumulated Funds	32,627	0	-100	0	0	0		
39,139		TOTAL FUNDS EMPLOYED	32,627	0	-100	0	0	0		

Office for Children, Youth and Family Support	
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								
70,935		Cash from Government for Outputs	71,151	0	-100	0	0	0		
79		User Charges	639	0	-100	0	0	0		
50		Interest Received	160	0	-100	0	0	0		
292		Grants Received from the Commonwealth	34	0	-100	0	0	0		
5,235		Other Revenue	5,360	0	-100	0	0	0		
76,591		Operating Receipts	77,344	0	-100	0	0	0		
		Payments								
28,237		Related to Employees	28,762	0	-100	0	0	0		
15,176		Related to Supplies and Services	16,925	0	-100	0	0	0		
27,730		Grants and Purchased Services	27,430	0	-100	0	0	0		
5,204		Other	5,199	0	-100	0	0	0		
58		Territory Receipts to Government	34	0	-100	0	0	0		
76,405		Operating Payments	78,350	0	-100	0	0	0		
186		NET CASH INFLOW/(OUTFLOW) FROM OPERATING ACTIVITIES	-1,006	0	100	0	0	0		
		CASH FLOWS FROM INVESTING ACTIVITIES								
		Payments								
12,950		Purchase of Property, Plant and Equipment	9,823	0	-100	0	0	0		
12,950		Investing Payments	9,823	0	-100	0	0	0		
-12,950		NET CASH INFLOW/(OUTFLOW) FROM INVESTING ACTIVITIES	-9,823	0	100	0	0	0		
		CASH FLOWS FROM FINANCING ACTIVITIES								
		Receipts								
12,950		Capital Injection from Government	8,929	0	-100	0	0	0		
0		Receipt of Transferred Cash Balances	636	0	-100	0	0	0		
12,950		Financing Receipts	9,565	0	-100	0	0	0		
		Payments								
0		Payments of Transferred Cash Balances	0	3,862	#	0	0	0		
0		Financing Payments	0	3,862	#	0	0	0		
12,950		NET CASH INFLOW/(OUTFLOW) FROM FINANCING ACTIVITIES	9,565	-3,862	-140	0	0	0		
186		NET INCREASE/(DECREASE) IN CASH HELD	-1,264	-3,862	-206	0	0	0		
769		CASH AT BEGINNING OF REPORTING PERIOD	5,126	3,862	-25	0	0	0		
955		CASH AT THE END OF THE REPORTING PERIOD	3,862	0	-100	0	0	0		

Office for Children, Youth and Family Support	
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		
27,122		Opening Balance	26,706	32,627	22	0	0	0		
		Accumulated Funds								
-933		Operating Result for the Period	-3,048	0	100	0	0	0		
		Reserves								
-933		Total Income And Expense For The Period	-3,048	0	100	0	0	0		
		Transactions Involving Equity Holders Affecting Accumulated Funds								
12,950		Capital Injections	8,929	0	-100	0	0	0		
0		Inc/Dec in Net Assets due to Admin Restructure	40	-32,627	#	0	0	0		
39,139		Closing Balance	32,627	0	-100	0	0	0		
Notes to the Budget Statements
Significant variations are as follows:
Operating Statement
•	government payment for outputs:  the increase of $1.408 million in the 2005‑06 estimated outcome from the original budget is primarily due to:
•	the recognition of revenue for programs deferred from 2004-05 ($1.192 million); and 
•	reclassification of appropriations from capital injection for expenditure relating to the New Youth Detention Centre project ($0.388 million);
offset by:
•	deferral of Aboriginal and Torres Strait Islander Unit projects ($0.108 million) and the Enduring Parental Responsibility Program ($0.040 million) funding to 2006‑07.
•	user charges – non ACT Government:  the increase of $0.560 million in the 2005‑06 estimated outcome from the original budget reflects the reclassification of grants from the Commonwealth relating to payments for services provided at Jervis Bay ($0.234 million), and higher reimbursements received for services provided at Jervis Bay ($0.326 million).
•	grants from the Commonwealth:  the decrease of $0.258 million in the 2005‑06 estimated outcome from the original budget is due to the reclassification of reimbursements from the Australian Government and the discontinuation of grants for children’s services.
•	resources received free of charge:  the increase of $0.299 million in the 2005‑06 estimated outcome from the original budget reflects additional services provided by the Government Solicitor’s Office.
•	employee and superannuation expenses:  the increase of $0.525 million in the 2005‑06 estimated outcome from the original budget is due to:
•	increases relating to the deferred 2004-05 programs ($0.239 million);
•	additional recruitment and relocation costs for child protection workers ($0.3 million); and
•	additional staff engaged for the management of the New Youth Detention Centre project ($0.106 million);
offset by:
•	staff transfers arising from the consolidation of information technology services in InTACT during 2005‑06 ($0.120 million).
•	supplies and services:  the increase of $2.048 million in the 2005‑06 estimated outcome from the original budget largely reflects increases relating to deferred 2004-05 programs ($0.953 million), increased services at Jervis Bay ($0.326 million), expenditure reclassified from capital for the New Youth Detention Centre project ($0.282 million), increased legal costs ($0.299 million), and the impact of the fee for service payment to InTACT due to consolidation of information technology during 2005‑06 ($0.120 million). 
•	depreciation and amortisation:  the increase of $1.141 million in the 2005‑06 estimated outcome from the original budget is due to the revision of depreciation schedules for assets transferred to the Office upon its establishment.
•	other expenses:  the increase of $0.974 million in the 2005‑06 estimated outcome from the original budget is due to the transfer of assets to the Department of Disability, Housing and Community Services.
Balance Sheet
•	current assets:  the increase of $1.388 million in the 2005‑06 estimated outcome from the original budget largely reflects higher cash balances carried over from 2004-05.
•	non current assets:  the decrease of $4.193 million in the 2005‑06 estimated outcome from the original budget is due primarily to delays in the capital works program, including the New Youth Detention Centre ($2.847 million), the Weston Creek Child Care Facility ($0.266 million), and the Quamby Upgrade ($0.450 million), and higher than budgeted depreciation.
•	current liabilities:  the increase of $3.452 million in the 2005‑06 estimated outcome from the original budget reflects the higher levels of creditor balances identified in the 2004-05 audited outcome.
•	non current liabilities:  the increase of $0.255 million in the 2005‑06 estimated outcome from the original budget reflects higher than budgeted employee benefits associated with staff recruitment.  
Cashflow Statement
The major variances in the 2005‑06 estimated outcome from the original budget are explained within the Operating Statement.

ACT WorkCover
The Government is taking steps to make the ACT Public Sector more efficient, to better reflect its small scale.  A number of existing functions will be integrated, and the number of statutory authorities will be reduced.
ACT Workcover has been integrated into the Department of Justice and Community Safety from 1 July 2006.

Output to cease after 2005-06	Total Cost	Government Payment for Outputs	
	2005‑06
Est. Outcome
$’000	2006-07
Budget
$’000	2005‑06
Est. Outcome
$’000	2006-07
Budget
$’000	
Output Class:
Workplace Regulation	7,809	n/a	6,691	n/a	
Workplace Regulation 1	7,809	n/a	6,691	n/a	
Note:
1.	This output and associated accountability indicators will be transferred to the Department of Justice and Community Safety and reported under Output 1.8 Regulatory Services in 2006-07. 

ACT Workcover	
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								
7,218		Government Payment for Outputs	6,691	0	-100	0	0	0		
153		User Charges - Non ACT Government	153	0	-100	0	0	0		
20		User Charges - ACT Government	11	0	-100	0	0	0		
120		Resources Received free of charge	120	0	-100	0	0	0		
7,511		Total Revenue	6,975	0	-100	0	0	0		
		Gains								
0		Total Gains	0	0	-	0	0	0		
7,511		Total Income	6,975	0	-100	0	0	0		
		Expenses								
4,303		Employee Expenses	4,003	0	-100	0	0	0		
611		Superannuation Expenses	590	0	-100	0	0	0		
2,785		Supplies and Services	2,760	0	-100	0	0	0		
461		Depreciation and Amortisation	456	0	-100	0	0	0		
8,160		Total Ordinary Expenses	7,809	0	-100	0	0	0		
-649		Operating Result	-834	0	100	0	0	0		

ACT Workcover	
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								
229		Cash	216	0	-100	0	0	0		
67		Receivables	102	0	-100	0	0	0		
296		Total Current Assets	318	0	-100	0	0	0		
		Non Current Assets								
1,170		Property, Plant and Equipment	15	0	-100	0	0	0		
0		Intangibles	731	0	-100	0	0	0		
1,170		Total Non Current Assets	746	0	-100	0	0	0		
1,466		TOTAL ASSETS	1,064	0	-100	0	0	0		
		Current Liabilities								
216		Payables	271	0	-100	0	0	0		
674		Employee Benefits	560	0	-100	0	0	0		
890		Total Current Liabilities	831	0	-100	0	0	0		
		Non Current Liabilities								
616		Employee Benefits	433	0	-100	0	0	0		
616		Total Non Current Liabilities	433	0	-100	0	0	0		
1,506		TOTAL LIABILITIES	1,264	0	-100	0	0	0		
-40		NET ASSETS	-200	0	100	0	0	0		
		REPRESENTED BY FUNDS EMPLOYED								
-40		Accumulated Funds	-200	0	100	0	0	0		
-40		TOTAL FUNDS EMPLOYED	-200	0	100	0	0	0		

ACT Workcover	
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								
6,868		Cash from Government for Outputs	6,691	0	-100	0	0	0		
173		User Charges	164	0	-100	0	0	0		
301		Other Revenue	290	0	-100	0	0	0		
7,342		Operating Receipts	7,145	0	-100	0	0	0		
		Payments								
4,722		Related to Employees	4,561	0	-100	0	0	0		
2,665		Related to Supplies and Services	2,640	0	-100	0	0	0		
302		Other	290	0	-100	0	0	0		
7,689		Operating Payments	7,491	0	-100	0	0	0		
-347		NET CASH INFLOW/(OUTFLOW) FROM OPERATING ACTIVITIES	-346	0	100	0	0	0		
		CASH FLOWS FROM INVESTING ACTIVITIES								
		Payments								
536		Purchase of Property, Plant and Equipment	0	0	-	0	0	0		
0		Purchase of Land and Intangibles	120	0	-100	0	0	0		
536		Investing Payments	120	0	-100	0	0	0		
-536		NET CASH INFLOW/(OUTFLOW) FROM INVESTING ACTIVITIES	-120	0	100	0	0	0		
		CASH FLOWS FROM FINANCING ACTIVITIES								
		Receipts								
536		Capital Injection from Government	120	0	-100	0	0	0		
536		Financing Receipts	120	0	-100	0	0	0		
		Payments								
0		Payments of Transferred Cash Balances	0	216	#	0	0	0		
0		Financing Payments	0	216	#	0	0	0		
536		NET CASH INFLOW/(OUTFLOW) FROM FINANCING ACTIVITIES	120	-216	-280	0	0	0		
-347		NET INCREASE/(DECREASE) IN CASH HELD	-346	-216	38	0	0	0		
576		CASH AT BEGINNING OF REPORTING PERIOD	562	216	-62	0	0	0		
229		CASH AT THE END OF THE REPORTING PERIOD	216	0	-100	0	0	0		

ACT Workcover	
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		
73		Opening Balance	514	-200	-139	0	0	0		
		Accumulated Funds								
-649		Operating Result for the Period	-834	0	100	0	0	0		
		Reserves								
-649		Total Income And Expense For The Period	-834	0	100	0	0	0		
		Transactions Involving Equity Holders Affecting Accumulated Funds								
536		Capital Injections	120	0	-100	0	0	0		
0		Inc/Dec in Net Assets due to Admin Restructure	0	200	#	0	0	0		
-40		Closing Balance	-200	0	100	0	0	0		
Notes to the Budget Statements
Significant variations are as follows:
Operating Statement 
•	government payment for outputs:  the decrease of $0.527 million in the 2005‑06 estimated outcome from the original budget is due to the transfer of gas inspector functions to the ACT Planning and Land Authority (ACTPLA) ($0.177 million) and a greater level of revenue received in advance from 2004‑05 ($0.350 million); and
•	employee expenses:  the decrease of $0.3 million in the 2005‑06 estimated outcome from the original budget relates to the transfer of gas inspector functions and the transfer of staff to InTACT due to the consolidation of information technology services.
Balance Sheet
•	non current assets:  the decrease of $0.424 million in the 2005‑06 estimated outcome from the original budget is mainly due to delays the in the development of the Occupational Health and Safety (OH&S) integrated database; and
•	total liabilities:  the decrease of $0.242 million in the 2005‑06 estimated outcome from the original budget is due to the reduction in annual leave and long service leave relating to the transfer of the gas inspector function to ACTPLA. 
Cash Flow Statement
•	capital injection and purchase of property, plant and equipment:  the decrease of $0.416 million in the 2005‑06 estimated outcome from the original budget is due to delays in the development of the OH&S integrated database.

ACT Workcover	
Statement of Income and Expenses on Behalf of the Territory	
  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								
881		Taxes Fees and Fines	1,631	0	-100	0	0	0		
881		Total Revenue	1,631	0	-100	0	0	0		
		Gains								
0		Total Gains	0	0	-	0	0	0		
881		Total Income	1,631	0	-100	0	0	0		
		Expenses								
881		Transfer Expenses	1,631	0	-100	0	0	0		
881		Total Ordinary Expenses	1,631	0	-100	0	0	0		
0		Operating Result	0	0	-	0	0	0		

ACT Workcover	
Statement of Assets and Liabilities on Behalf of the Territory	
    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								
11		Receivables	23	0	-100	0	0	0		
11		Total Current Assets	23	0	-100	0	0	0		
11		TOTAL ASSETS	23	0	-100	0	0	0		
		Current Liabilities								
11		Payables	23	0	-100	0	0	0		
11		Total Current Liabilities	23	0	-100	0	0	0		
11		TOTAL LIABILITIES	23	0	-100	0	0	0		
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 Workcover	
Budgeted Statement of Cashflows on Behalf of the Territory	
  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								
881		Taxes, Fees and Fines	1,631	0	-100	0	0	0		
881		Operating Receipts	1,631	0	-100	0	0	0		
		Payments								
881		Territory Receipts to Government	1,631	0	-100	0	0	0		
881		Operating Payments	1,631	0	-100	0	0	0		
0		NET CASH INFLOW/(OUTFLOW) FROM OPERATING ACTIVITIES	0	0	-	0	0	0		
0		NET INCREASE/(DECREASE) IN CASH HELD	0	0	-	0	0	0		
0		CASH AT THE END OF THE REPORTING PERIOD	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 $0.750 million in the 2005‑06 estimated outcome from the original budget reflects increased revenue from a greater number of notices of intention ($0.650 million), a greater number of infringement notices issued under the Workers Compensation Act 1951 and the Occupational Health and Safety Act 1989 ($0.070 million), and certificates of competency ($0.030 million).

EMERGENCY SERVICES AUTHORITY
The Government is taking steps to make the ACT Public Sector more efficient, to better reflect its small scale.  A number of existing functions will be integrated, and the number of statutory authorities will be reduced. 
The Emergency Services Authority has been integrated into the Department of Justice and Community Safety from 1 July 2006.

Outputs to cease after 2005-06	Total Cost	Government Payment for Outputs	
	2005-06
Est. Outcome
$’000 	2006-07
Budget
$’000 	2005-06
Est. Outcome
$’000 	2006-07
Budget
$’000 	
Output Class:
Emergency Management	75,004	n/a	58,782	n/a	
Prevention and Preparedness1	15,001	n/a	11,756	n/a	
Response and Recovery2	60,003	n/a	47,026	n/a	
Notes:
1.	This output and associated accountability indicators will be transferred to the Department of Justice and Community Safety and reported under Output 4.1 Prevention and Preparedness in 2006-07. 
2.	This output and associated accountability indicators will be transferred to the Department of Justice and Community Safety and reported under Output 4.2 Response and Recovery in 2006-07.

Emergency Services 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								
53,495		Government Payment for Outputs	58,782	0	-100	0	0	0		
8,684		User Charges - Non ACT Government	9,233	0	-100	0	0	0		
0		Interest	80	0	-100	0	0	0		
0		Other Revenue	69	0	-100	0	0	0		
0		Resources Received free of charge	100	0	-100	0	0	0		
62,179		Total Revenue	68,264	0	-100	0	0	0		
		Gains								
0		Total Gains	0	0	-	0	0	0		
62,179		Total Income	68,264	0	-100	0	0	0		
		Expenses								
38,878		Employee Expenses	44,342	0	-100	0	0	0		
6,415		Superannuation Expenses	6,320	0	-100	0	0	0		
17,029		Supplies and Services	19,754	0	-100	0	0	0		
5,149		Depreciation and Amortisation	4,588	0	-100	0	0	0		
67,471		Total Ordinary Expenses	75,004	0	-100	0	0	0		
-5,292		Operating Result	-6,740	0	100	0	0	0		

Emergency Services 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								
2,212		Cash	7	0	-100	0	0	0		
968		Receivables	2,083	0	-100	0	0	0		
2,888		Investments	1,000	0	-100	0	0	0		
820		Other	950	0	-100	0	0	0		
6,888		Total Current Assets	4,040	0	-100	0	0	0		
		Non Current Assets								
63,510		Property, Plant and Equipment	54,215	0	-100	0	0	0		
0		Intangibles	283	0	-100	0	0	0		
2,805		Capital Works in Progress	5,305	0	-100	0	0	0		
66,315		Total Non Current Assets	59,803	0	-100	0	0	0		
73,203		TOTAL ASSETS	63,843	0	-100	0	0	0		
		Current Liabilities								
33		Payables	2,543	0	-100	0	0	0		
123		Finance Leases	0	0	-	0	0	0		
10,402		Employee Benefits	11,754	0	-100	0	0	0		
782		Other	245	0	-100	0	0	0		
11,340		Total Current Liabilities	14,542	0	-100	0	0	0		
		Non Current Liabilities								
63		Finance Leases	0	0	-	0	0	0		
10,651		Employee Benefits	9,508	0	-100	0	0	0		
10,714		Total Non Current Liabilities	9,508	0	-100	0	0	0		
22,054		TOTAL LIABILITIES	24,050	0	-100	0	0	0		
51,149		NET ASSETS	39,793	0	-100	0	0	0		
		REPRESENTED BY FUNDS EMPLOYED								
35,342		Accumulated Funds	30,875	0	-100	0	0	0		
15,807		Reserves	8,918	0	-100	0	0	0		
51,149		TOTAL FUNDS EMPLOYED	39,793	0	-100	0	0	0		

Emergency Services 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								
53,495		Cash from Government for Outputs	58,782	0	-100	0	0	0		
8,684		User Charges	9,423	0	-100	0	0	0		
0		Interest Received	80	0	-100	0	0	0		
0		Other Revenue	135	0	-100	0	0	0		
62,179		Operating Receipts	68,420	0	-100	0	0	0		
		Payments								
44,083		Related to Employees	47,553	0	-100	0	0	0		
17,029		Related to Supplies and Services	21,197	0	-100	0	0	0		
0		Other	35	0	-100	0	0	0		
61,112		Operating Payments	68,785	0	-100	0	0	0		
1,067		NET CASH INFLOW/(OUTFLOW) FROM OPERATING ACTIVITIES	-365	0	100	0	0	0		
		CASH FLOWS FROM INVESTING ACTIVITIES								
		Payments								
13,514		Purchase of Property, Plant and Equipment	10,003	0	-100	0	0	0		
13,514		Investing Payments	10,003	0	-100	0	0	0		
-13,514		NET CASH INFLOW/(OUTFLOW) FROM INVESTING ACTIVITIES	-10,003	0	100	0	0	0		
		CASH FLOWS FROM FINANCING ACTIVITIES								
		Receipts								
13,514		Capital Injection from Government	9,314	0	-100	0	0	0		
13,514		Financing Receipts	9,314	0	-100	0	0	0		
		Payments								
0		Payments of Transferred Cash Balances	0	1,007	#	0	0	0		
0		Financing Payments	0	1,007	#	0	0	0		
13,514		NET CASH INFLOW/(OUTFLOW) FROM FINANCING ACTIVITIES	9,314	-1,007	-111	0	0	0		
1,067		NET INCREASE/(DECREASE) IN CASH HELD	-1,054	-1,007	4	0	0	0		
1,145		CASH AT BEGINNING OF REPORTING PERIOD	2,061	1,007	-51	0	0	0		
2,212		CASH AT THE END OF THE REPORTING PERIOD	1,007	0	-100	0	0	0		

Emergency Services 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		
42,927		Opening Balance	37,187	39,793	7	0	0	0		
		Accumulated Funds								
-5,292		Operating Result for the Period	-6,740	0	100	0	0	0		
		Reserves								
0		Increase/(Decrease) in asset revaluation reserve	0	-8,918	#	0	0	0		
-5,292		Total Income And Expense For The Period	-6,740	-8,918	-32	0	0	0		
		Transactions Involving Equity Holders Affecting Accumulated Funds								
13,514		Capital Injections	9,314	0	-100	0	0	0		
0		Inc/Dec in Net Assets due to Admin Restructure	32	-30,875	#	0	0	0		
51,149		Closing Balance	39,793	0	-100	0	0	0		
Notes to the Budget Statements 
Significant variances are as follows:
Operating Statement 
•	government payment for outputs:  the increase of $5.287 million in the 2005‑06 estimated outcome from the original budget is mainly due to additional operational costs due to higher than expected activity levels, additional maintenance costs relating to Information and Communication Technology infrastructure, and increased wages and allowances resulting from the Australian Industrial Relations Commission decision in February 2006 on the ACT Fire Brigade Officers Work Value Case;
•	user charges – non ACT Government:  the increase of $0.549 million in the 2005‑06 estimated outcome from the original budget is mainly due to higher than anticipated revenue from Commonwealth Fire Protection Services and Fire Alarm Monitoring; 
•	resources received free of charge:  the increase of $0.1 million in the 2005‑06 estimated outcome from the original budget is primarily due to the recognition of services provided by the ACT Government Solicitor’s Office; 
•	employee expenses:  the increase of $5.464 million in the 2005‑06 estimated outcome from the original budget is largely due to an increase in wages and allowances resulting from the Australian Industrial Relations Commission decision in February 2006 on the ACT Fire Brigade Officers Work Value Case, higher employee and overtime expenses associated with an increased level of operations, increased recreation and long service leave expenses associated with adjustments to leave provisions as a result of Certified Agreement pay increases;
•	supplies and services:  the increase of $2.725 million in the 2005‑06 estimated outcome from the original budget is primarily due to higher maintenance costs relating to Information and Communication Technology infrastructure, and additional operational costs due to increased activity levels; and
•	depreciation and amortisation:  the decrease of $0.561 million in the 2005‑06 estimated outcome from the original budget is primarily due to the deferral of part of the Communications Systems Upgrade project from 2005‑06 to 2006‑07.
Balance Sheet 
•	current assets:  the decrease of $2.848 million in the 2005‑06 estimated outcome from the original budget is primarily due to decrease in cash and investments resulting from higher than anticipated employee expenses and supplies and services;
•	non current assets:  the decrease of $6.512 million in the 2005‑06 estimated outcome from the original budget is primarily due to the deferral of capital expenditure associated with the Communication Systems Upgrade project;
•	current liabilities:  the increase of $3.202 million in the 2005‑06 estimated outcome from the original budget is due to increases in creditors, accrued expenses and employee entitlements, with the latter being due to the Certified Agreement wage increases and the Fire Brigade Work Value Case; and
•	non current liabilities:  the decrease of $1.206 million in the 2005‑06 estimated outcome from the original budget is primarily due to adjustments made to reflect correct levels of employee benefits.

Workers’ compensation supplementation Fund
Following the approval of the Workers Compensation Amendment Bill 2005 (No. 2) on 16 February 2006, the ACT Workers’ Compensation Supplementation Fund (the Fund) will cease to operate as a separate entity and will combine with the Nominal Insurer into the Default Insurance Fund.  The Workers Compensation Amendment Act 2005 (No. 2) will commence on 1 July 2006.

Workers Compensation Supplementation Fund	
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								
627		Interest	566	0	-100	0	0	0		
0		Other Revenue	470	0	-100	0	0	0		
627		Total Revenue	1,036	0	-100	0	0	0		
		Gains								
0		Total Gains	0	0	-	0	0	0		
627		Total Income	1,036	0	-100	0	0	0		
		Expenses								
178		Supplies and Services	290	0	-100	0	0	0		
0		Other Expenses	1,667	839	-50	0	0	0		
178		Total Ordinary Expenses	1,957	839	-57	0	0	0		
449		Operating Result	-921	-839	9	0	0	0		

Workers Compensation Supplementation Fund	
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								
413		Cash	1,307	0	-100	0	0	0		
228		Receivables	251	0	-100	0	0	0		
7,126		Investments	7,772	0	-100	0	0	0		
7,767		Total Current Assets	9,330	0	-100	0	0	0		
7,767		TOTAL ASSETS	9,330	0	-100	0	0	0		
		Current Liabilities								
2,144		Payables	3,093	0	-100	0	0	0		
2,144		Total Current Liabilities	3,093	0	-100	0	0	0		
		Non Current Liabilities								
3,298		Payables	5,398	0	-100	0	0	0		
3,298		Total Non Current Liabilities	5,398	0	-100	0	0	0		
5,442		TOTAL LIABILITIES	8,491	0	-100	0	0	0		
2,325		NET ASSETS	839	0	-100	0	0	0		
		REPRESENTED BY FUNDS EMPLOYED								
2,325		Accumulated Funds	839	0	-100	0	0	0		
2,325		TOTAL FUNDS EMPLOYED	839	0	-100	0	0	0		

Workers Compensation Supplementation Fund	
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								
699		Interest Received	638	0	-100	0	0	0		
74		Other Revenue	544	0	-100	0	0	0		
773		Operating Receipts	1,182	0	-100	0	0	0		
		Payments								
178		Related to Supplies and Services	290	0	-100	0	0	0		
3,448		Other	3,580	9,079	154	0	0	0		
3,626		Operating Payments	3,870	9,079	135	0	0	0		
-2,853		NET CASH INFLOW/(OUTFLOW) FROM OPERATING ACTIVITIES	-2,688	-9,079	-238	0	0	0		
		CASH FLOWS FROM FINANCING ACTIVITIES								
		Payments								
5,000		Distributions to Government	5,000	0	-100	0	0	0		
5,000		Financing Payments	5,000	0	-100	0	0	0		
-5,000		NET CASH INFLOW/(OUTFLOW) FROM FINANCING ACTIVITIES	-5,000	0	100	0	0	0		
-7,853		NET INCREASE/(DECREASE) IN CASH HELD	-7,688	-9,079	-18	0	0	0		
15,392		CASH AT BEGINNING OF REPORTING PERIOD	16,767	9,079	-46	0	0	0		
7,539		CASH AT THE END OF THE REPORTING PERIOD	9,079	0	-100	0	0	0		

Workers Compensation Supplementation Fund	
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		
6,876		Opening Balance	6,760	839	-88	0	0	0		
		Accumulated Funds								
449		Operating Result for the Period	-921	-839	9	0	0	0		
		Reserves								
449		Total Income And Expense For The Period	-921	-839	9	0	0	0		
		Transactions Involving Equity Holders Affecting Accumulated Funds								
-5,000		Capital (Distributions)	-5,000	0	100	0	0	0		
2,325		Closing Balance	839	0	-100	0	0	0		

The 2005‑06 estimated outcome reflects the full year operation of the Fund.  The 2006‑07 Budget and forward estimates are transferred to the Default Insurance Fund, which is a trust fund.
Notes to the Budget Statements
Significant variations are as follows:
Operating Statement
•	interest:  the decrease of $0.061 million in the 2005‑06 estimated outcome from the original budget is mainly due to a lower level of investments as a consequence of returning funds to the Territory;
•	other revenue:  the increase of $0.470 million in the 2005‑06 estimated outcome from the original budget is mainly due to the receipt of a re‑insurance payment from the HIH liquidators; 
•	suppliers and services:  the increase of $0.112 million in the 2005‑06 estimated outcome from the original budget mainly reflects higher than expected claim management expenses as a result of the higher HIH liabilities following the latest actuarial assessment; and
•	other expenses:  the increase of $1.667 million in the 2005‑06 estimated outcome from the original budget mainly reflects a higher level of HIH liabilities as a result of the latest actuarial assessment.
Balance Sheet
•	cash and current investments:  the increase of $1.540 million in the 2005‑06 estimated outcome from the original budget mainly reflects the timing and movement in cash and investments relating to the settlement of claims; and
•	current and non‑current payables:  the increase of $3.049 million in the 2005‑06 estimated outcome from the original budget is due to the latest actuarial assessment of HIH liabilities.

ACT Forests
The Government is taking steps to make the ACT Public Sector more efficient, to better reflect its small scale.  A number of existing functions will be integrated, and the number of agencies will be reduced.
ACT Forests has been integrated into the Department of Territory and Municipal Services from 1 July 2006.
The integration also reflects the changing role for ACT Forests as it moves from commercial forestry to land management.  Consistent with this, ACT Forests changes from Public Trading Enterprise sector to the General Government sector.

Output to cease after 2005-06	Total Cost	Government Payment for Outputs	
	2005-06
Est. Outcome
$’000 	2006-07
Budget
$’000 	2005-06
Est. Outcome
$’000 	2006-07
Budget
$’000 	
Output Class: Forestry Services	11,300	n/a	193	n/a	
Rehabilitation and
Management of Forest Estate¹	11,300	n/a	193	n/a	
Note:
1.	This output and associated accountability indicators will be transferred to the Department of Territory and Municipal Services and reported under Output 1.5 Environment, Sustainability, Heritage and Forestry Services in 2006-07. 

ACT Forests	
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								
193		Government Payment for Outputs	193	0	-100	0	0	0		
1,268		User Charges - Non ACT Government	2,019	0	-100	0	0	0		
2,138		User Charges - ACT Government	2,138	0	-100	0	0	0		
0		Interest	50	0	-100	0	0	0		
0		Other Revenue	13,153	0	-100	0	0	0		
3,599		Total Revenue	17,553	0	-100	0	0	0		
		Gains								
0		Other Gains	3,213	0	-100	0	0	0		
0		Total Gains	3,213	0	-100	0	0	0		
3,599		Total Income	20,766	0	-100	0	0	0		
		Expenses								
2,751		Employee Expenses	2,569	0	-100	0	0	0		
248		Superannuation Expenses	230	0	-100	0	0	0		
8,268		Supplies and Services	6,168	0	-100	0	0	0		
349		Depreciation and Amortisation	228	0	-100	0	0	0		
679		Cost of Goods Sold	105	0	-100	0	0	0		
28		Other Expenses	2,000	0	-100	0	0	0		
12,323		Total Ordinary Expenses	11,300	0	-100	0	0	0		
-8,724		Operating Result	9,466	0	-100	0	0	0		

ACT Forests	
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								
1,833		Cash	297	0	-100	0	0	0		
739		Receivables	8,615	0	-100	0	0	0		
0		Investments	1,500	0	-100	0	0	0		
500		Other	500	0	-100	0	0	0		
3,072		Total Current Assets	10,912	0	-100	0	0	0		
		Non Current Assets								
27,415		Receivables	19,056	0	-100	0	0	0		
22,470		Property, Plant and Equipment	24,098	0	-100	0	0	0		
0		Capital Works in Progress	116	0	-100	0	0	0		
30,825		Other	29,589	0	-100	0	0	0		
80,710		Total Non Current Assets	72,859	0	-100	0	0	0		
83,782		TOTAL ASSETS	83,771	0	-100	0	0	0		
		Current Liabilities								
5,928		Payables	1,638	0	-100	0	0	0		
355		Employee Benefits	321	0	-100	0	0	0		
4,097		Income Tax Payable	0	0	-	0	0	0		
0		Other	18	0	-100	0	0	0		
10,380		Total Current Liabilities	1,977	0	-100	0	0	0		
		Non Current Liabilities								
254		Employee Benefits	251	0	-100	0	0	0		
4,097		Non Current Income Tax Payable	0	0	-	0	0	0		
4,351		Total Non Current Liabilities	251	0	-100	0	0	0		
14,731		TOTAL LIABILITIES	2,228	0	-100	0	0	0		
69,051		NET ASSETS	81,543	0	-100	0	0	0		
		REPRESENTED BY FUNDS EMPLOYED								
65,310		Accumulated Funds	77,802	0	-100	0	0	0		
3,741		Reserves	3,741	0	-100	0	0	0		
69,051		TOTAL FUNDS EMPLOYED	81,543	0	-100	0	0	0		

ACT Forests	
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								
193		Cash from Government for Outputs	193	0	-100	0	0	0		
3,406		User Charges	4,157	0	-100	0	0	0		
0		Interest Received	50	0	-100	0	0	0		
9,208		Other Revenue	10,895	0	-100	0	0	0		
500		Extraordinary Receipts	0	0	-	0	0	0		
13,307		Operating Receipts	15,295	0	-100	0	0	0		
		Payments								
2,940		Related to Employees	2,740	0	-100	0	0	0		
8,268		Related to Supplies and Services	6,168	0	-100	0	0	0		
707		Other	2,105	0	-100	0	0	0		
11,915		Operating Payments	11,013	0	-100	0	0	0		
1,392		NET CASH INFLOW/(OUTFLOW) FROM OPERATING ACTIVITIES	4,282	0	-100	0	0	0		
		CASH FLOWS FROM INVESTING ACTIVITIES								
		Payments								
1,270		Purchase of Property, Plant and Equipment	4,470	0	-100	0	0	0		
1,270		Investing Payments	4,470	0	-100	0	0	0		
-1,270		NET CASH INFLOW/(OUTFLOW) FROM INVESTING ACTIVITIES	-4,470	0	100	0	0	0		
		CASH FLOWS FROM FINANCING ACTIVITIES								
		Payments								
0		Payments of Transferred Cash Balances	0	1,797	#	0	0	0		
0		Financing Payments	0	1,797	#	0	0	0		
0		NET CASH INFLOW/(OUTFLOW) FROM FINANCING ACTIVITIES	0	-1,797	#	0	0	0		
122		NET INCREASE/(DECREASE) IN CASH HELD	-188	-1,797	-856	0	0	0		
1,711		CASH AT BEGINNING OF REPORTING PERIOD	1,985	1,797	-9	0	0	0		
1,833		CASH AT THE END OF THE REPORTING PERIOD	1,797	0	-100	0	0	0		

ACT Forests	
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		
77,775		Opening Balance	75,126	81,543	9	0	0	0		
		Accumulated Funds								
0		Net Effect of a Correction of an Error	-3,049	0	100	0	0	0		
-8,724		Operating Result for the Period	9,466	0	-100	0	0	0		
		Reserves								
0		Increase/(Decrease) in asset revaluation reserve	0	-3,741	#	0	0	0		
-8,724		Total Income And Expense For The Period	6,417	-3,741	-158	0	0	0		
		Transactions Involving Equity Holders Affecting Accumulated Funds								
0		Inc/Dec in Net Assets due to Admin Restructure	0	-77,802	#	0	0	0		
69,051		Closing Balance	81,543	0	-100	0	0	0		
Notes to the Budget Statements
Significant variations are as follows:
Operating Statement
•	user charges – non ACT Government:  the increase of $0.751 million in the 2005‑06 estimated outcome from the original budget is due to additional remediation work undertaken in the Lower Cotter Catchment for ACTEW Corporation;
•	other revenue:  the increase of $13.153 million in the 2005‑06 estimated outcome from the original budget results from the waiver of Forests’ National Tax Equivalent Regime (NTER) due to the removal of ACT Forests from the NTER.  The tax liability occurred in previous years due to revenue received from the insurance payments for the January 2003 bushfires.  The payment of these revenues as tax would have reduced the funding available for remediation work necessary in the forest estate.  On this basis the Treasurer decided instead to waive the tax liability;
•	other gains:  the increase of $3.213 million in the 2005‑06 estimated outcome from the original budget is due to the waiver of Forests’ NTER liabilities as explained above;
•	employee expenses:  the decrease of $0.182 million in the 2005‑06 estimated outcome from the original budget is due to a revised accounting treatment to capitalise a portion of salaries directly relating to rehabilitation of the Lower Cotter Catchment; 
•	supplies and services:  the decrease of $2.1 million in the 2005‑06 estimated outcome against the original budget is due to the capitalisation of costs directly relating to rehabilitation of Lower Cotter Catchment;
•	depreciation and amortisation:  the decrease of $0.121 million in the 2005‑06 estimated outcome from the original budget is due to a revision of depreciation estimates;
•	cost of goods sold:  the decrease of $0.574 million in the 2005‑06 estimated outcome from the original budget is due to a reduction in log harvesting activities as a consequence of contractor unavailability; and
•	other expenses:  the increase of $1.972 million in the 2005‑06 estimated outcome from the original budget is due to the payment of funds to the Chief Minister’s Department for the accelerated development of Stromlo Forest Park.  This funding is sourced from the insurance payment received for the January 2003 bushfire.
Balance Sheet
•	cash and investments:  the decrease of $1.536 million in cash and the increase of $1.5 million in investments in the 2005‑06 estimated outcome from the original budget is due to the transfer from cash to investments to more appropriately reflect operational requirements;
•	receivables:  the increase of $7.876 million in current receivables and the decrease of $8.359 million in non‑current receivables in the 2005‑06 estimated outcome from the original budget are largely due to the reclassification of non current receivables to current receivables to reflect the settlement of insurance recoveries relating to the January 2003 bushfires;
•	property plant and equipment:  the increase of $1.628 million in the 2005‑06 estimated outcome from the original budget is due to the capitalisation of costs directly relating to rehabilitation of the Lower Cotter Catchment;
•	payables:  the decrease of $4.290 million in the 2005‑06 estimated outcome from the original budget is due to the removal of ACT Forests from the NTER and the waiver of outstanding tax payable; and
•	current and non current income tax payable:  the decrease of $8.194 million in the 2005‑06 estimated outcome from the original budget is due to the removal of ACT Forests from the NTER and the waiver of outstanding tax liabilities.

Stadiums Authority
The Government is taking steps to make the ACT Public Sector more efficient, to better reflect its small scale.  A number of existing functions will be integrated, and the number of statutory authorities will be reduced.
The Stadiums Authority has been integrated into the Department of Territory and Municipal Services from 1 July 2006.

Stadiums 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								
2,344		User Charges - Non ACT Government	2,340	0	-100	0	0	0		
54		Interest	58	0	-100	0	0	0		
847		Other Revenue	824	0	-100	0	0	0		
3,245		Total Revenue	3,222	0	-100	0	0	0		
		Gains								
0		Total Gains	0	0	-	0	0	0		
3,245		Total Income	3,222	0	-100	0	0	0		
		Expenses								
875		Employee Expenses	894	0	-100	0	0	0		
89		Superannuation Expenses	97	0	-100	0	0	0		
1,889		Supplies and Services	1,918	0	-100	0	0	0		
604		Depreciation and Amortisation	656	0	-100	0	0	0		
45		Borrowing Costs	45	0	-100	0	0	0		
239		Other Expenses	330	0	-100	0	0	0		
3,741		Total Ordinary Expenses	3,940	0	-100	0	0	0		
-496		Operating Result	-718	0	100	0	0	0		

Stadiums 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								
1,413		Cash	585	0	-100	0	0	0		
421		Receivables	732	0	-100	0	0	0		
48		Other	73	0	-100	0	0	0		
1,882		Total Current Assets	1,390	0	-100	0	0	0		
		Non Current Assets								
4,463		Property, Plant and Equipment	4,911	0	-100	0	0	0		
4,463		Total Non Current Assets	4,911	0	-100	0	0	0		
6,345		TOTAL ASSETS	6,301	0	-100	0	0	0		
		Current Liabilities								
220		Payables	112	0	-100	0	0	0		
146		Finance Leases	146	0	-100	0	0	0		
166		Employee Benefits	90	0	-100	0	0	0		
567		Other	539	0	-100	0	0	0		
1,099		Total Current Liabilities	887	0	-100	0	0	0		
		Non Current Liabilities								
325		Finance Leases	325	0	-100	0	0	0		
48		Employee Benefits	20	0	-100	0	0	0		
310		Other	562	0	-100	0	0	0		
683		Total Non Current Liabilities	907	0	-100	0	0	0		
1,782		TOTAL LIABILITIES	1,794	0	-100	0	0	0		
4,563		NET ASSETS	4,507	0	-100	0	0	0		
		REPRESENTED BY FUNDS EMPLOYED								
4,563		Accumulated Funds	4,507	0	-100	0	0	0		
4,563		TOTAL FUNDS EMPLOYED	4,507	0	-100	0	0	0		

Stadiums 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								
4,229		User Charges	4,975	0	-100	0	0	0		
54		Interest Received	58	0	-100	0	0	0		
4,283		Operating Receipts	5,033	0	-100	0	0	0		
		Payments								
929		Related to Employees	1,013	0	-100	0	0	0		
2,686		Related to Supplies and Services	2,960	0	-100	0	0	0		
45		Borrowing Costs	48	0	-100	0	0	0		
387		Other	666	0	-100	0	0	0		
4,047		Operating Payments	4,687	0	-100	0	0	0		
236		NET CASH INFLOW/(OUTFLOW) FROM OPERATING ACTIVITIES	346	0	-100	0	0	0		
		CASH FLOWS FROM INVESTING ACTIVITIES								
		Payments								
225		Purchase of Property, Plant and Equipment	484	0	-100	0	0	0		
225		Investing Payments	484	0	-100	0	0	0		
-225		NET CASH INFLOW/(OUTFLOW) FROM INVESTING ACTIVITIES	-484	0	100	0	0	0		
		CASH FLOWS FROM FINANCING ACTIVITIES								
		Payments								
136		Repayment of Finance Lease	136	0	-100	0	0	0		
0		Payments of Transferred Cash Balances	0	585	#	0	0	0		
136		Financing Payments	136	585	330	0	0	0		
-136		NET CASH INFLOW/(OUTFLOW) FROM FINANCING ACTIVITIES	-136	-585	-330	0	0	0		
-125		NET INCREASE/(DECREASE) IN CASH HELD	-274	-585	-114	0	0	0		
1,538		CASH AT BEGINNING OF REPORTING PERIOD	859	585	-32	0	0	0		
1,413		CASH AT THE END OF THE REPORTING PERIOD	585	0	-100	0	0	0		

Stadiums 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		
2,424		Opening Balance	2,416	4  507	87	0	0	0		
		Accumulated Funds								
4,315		Net Effect of Change in Accounting Policy	4,489	0	-100	0	0	0		
-496		Operating Result for the Period	-718	0	100	0	0	0		
		Reserves								
-1,680		Increase/(Decrease) in asset revaluation reserve	-1,680	0	100	0	0	0		
2,139		Total Income And Expense For The Period	2,091	0	-100	0	0	0		
		Transactions Involving Equity Holders Affecting Accumulated Funds								
0		Inc/Dec in Net Assets due to Admin Restructure	0	-4  507	#	0	0	0		
4,563		Closing Balance	4,507	0	-100	0	0	0		
Notes to the Budget Statements
Significant variations are as follows:
Operating Statement
•	other expenses:  the increase of $0.091 million in the 2005‑06 estimated outcome from the original budget is due to additional costs associated with turf replanting.
Balance Sheet
•	cash:  the decrease of $0.828 million in the 2005‑06 estimated outcome from the original budget is due to payment from a major hirer being delayed until 2006‑07, cash being used to fund unforseen turf and seat replacements, and an increase in employee leave entitlement payouts; 
•	receivables:  the increase of $0.311 million in the 2005‑06 estimated outcome from the original budget is due to payment from a major hirer being delayed until 2006‑07 as mentioned above;
•	property, plant and equipment:  the increase of $0.448 million in the 2005‑06 estimated outcome from the original budget is due to the acquisition of additional assets and the implementation of AIFRS accounting standards where certain costs previously expensed are capitalised; 
•	employee benefits:  the decrease of $0.104 million in the 2005‑06 estimated outcome from the original budget is due to the payment of benefits to staff who have left the Authority; and
•	other - non current liabilities:  the increase of $0.252 million in the 2005‑06 estimated outcome from the original budget is due to the prepayment of memberships, corporate suite hire, video replay board rental and Tri-Vision signage for the 2006‑07 financial year.  
Cash Flow Statement
•	user charges:  the increase of $0.746 million in the 2005‑06 estimated outcome from the original budget is due to unforeseen prepayments from a major event hirer and other prepayments identified above;
•	related to supplies and services: the increase of $0.274 million in the 2005‑06 estimated outcome from the original budget is due to additional purchases associated with the video replay board; and
•	other payments:  the increase of $0.279 million is the 2005‑06 estimated outcome from the original budget is due to unforseen additional turf replacement costs.

AUSTRALIAN Capital ToURISM Corporation
The Government is taking steps to make the ACT Public Sector more efficient, to better reflect its small scale.  A number of existing functions will be integrated, and the number of statutory authorities will be reduced.
The Australian Capital Tourism Corporation (the Corporation) has been integrated into the Department of Territory and Municipal Services from 1 July 2006.

Australian Capital Tourism Corporation	
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								
2,000		User Charges - Non ACT Government	1,922	0	-100	0	0	0		
17,558		User Charges - ACT Government	17,558	0	-100	0	0	0		
110		Interest	120	0	-100	0	0	0		
0		Other Revenue	9	0	-100	0	0	0		
19,668		Total Revenue	19,609	0	-100	0	0	0		
		Gains								
0		Total Gains	0	0	-	0	0	0		
19,668		Total Income	19, 609	0	-100	0	0	0		
		Expenses								
4,117		Employee Expenses	4,119	0	-100	0	0	0		
700		Superannuation Expenses	496	0	-100	0	0	0		
14,383		Supplies and Services	15,923	0	-100	0	0	0		
242		Depreciation and Amortisation	175	0	-100	0	0	0		
26		Borrowing Costs	26	0	-100	0	0	0		
200		Grants and Purchased Services	200	0	-100	0	0	0		
19,668		Total Ordinary Expenses	20,939	0	-100	0	0	0		
0		Operating Result	-1,330	0	100	0	0	0		

Australian Capital Tourism Corporation	
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								
1,613		Cash	950	0	-100	0	0	0		
261		Receivables	580	0	-100	0	0	0		
1,000		Investments	0	0	-	0	0	0		
52		Inventories	37	0	-100	0	0	0		
14		Capital Work in Progress	14	0	-100	0	0	0		
1,108		Other	1,332	0	-100	0	0	0		
4,048		Total Current Assets	2,913	0	-100	0	0	0		
		Non Current Assets								
3,749		Property, Plant and Equipment	3,792	0	-100	0	0	0		
3,749		Total Non Current Assets	3,792	0	-100	0	0	0		
7,797		TOTAL ASSETS	6,705	0	-100	0	0	0		
		Current Liabilities								
1,003		Payables	987	0	-100	0	0	0		
47		Finance Leases	47	0	-100	0	0	0		
557		Employee Benefits	509	0	-100	0	0	0		
276		Other	250	0	-100	0	0	0		
1,883		Total Current Liabilities	1,793	0	-100	0	0	0		
		Non Current Liabilities								
189		Finance Leases	301	0	-100	0	0	0		
596		Employee Benefits	425	0	-100	0	0	0		
785		Total Non Current Liabilities	726	0	-100	0	0	0		
2,668		TOTAL LIABILITIES	2,519	0	-100	0	0	0		
5,129		NET ASSETS	4,186	0	-100	0	0	0		
		REPRESENTED BY FUNDS EMPLOYED								
3,809		Accumulated Funds	2,866	0	-100	0	0	0		
1,320		Reserves	1,320	0	-100	0	0	0		
5,129		TOTAL FUNDS EMPLOYED	4,186	0	-100	0	0	0		

Australian Capital Tourism Corporation	
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								
19,558		User Charges	19,358	0	-100	0	0	0		
110		Interest Received	110	0	-100	0	0	0		
1,256		Other Revenue	1,700	0	-100	0	0	0		
20,924		Operating Receipts	21,168	0	-100	0	0	0		
		Payments								
4,644		Related to Employees	4,468	0	-100	0	0	0		
14,232		Related to Supplies and Services	16,026	0	-100	0	0	0		
26		Borrowing Costs	26	0	-100	0	0	0		
200		Grants and Purchased Services	200	0	-100	0	0	0		
1,356		Other	1,400	0	-100	0	0	0		
20,458		Operating Payments	22,120	0	-100	0	0	0		
466		NET CASH INFLOW/(OUTFLOW) FROM OPERATING ACTIVITIES	-952	0	100	0	0	0		
		CASH FLOWS FROM INVESTING ACTIVITIES								
		Payments								
150		Purchase of Property, Plant and Equipment	150	0	-100	0	0	0		
150		Investing Payments	150	0	-100	0	0	0		
-150		NET CASH INFLOW/(OUTFLOW) FROM INVESTING ACTIVITIES	-150	0	100	0	0	0		
		CASH FLOWS FROM FINANCING ACTIVITIES								
		Payments								
39		Repayment of Finance Lease	39	0	-100	0	0	0		
0		Payments of Transferred Cash Balances	0	950	#	0	0	0		
39		Financing Payments	39	950	#	0	0	0		
-39		NET CASH INFLOW/(OUTFLOW) FROM FINANCING ACTIVITIES	-39	-950	#	0	0	0		
277		NET INCREASE/(DECREASE) IN CASH HELD	-1,141	-950	17	0	0	0		
2,336		CASH AT BEGINNING OF REPORTING PERIOD	2,091	950	-55	0	0	0		
2,613		CASH AT THE END OF THE REPORTING PERIOD	950	0	-100	0	0	0		

Australian Capital Tourism Corporation	
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		
5,129		Opening Balance	5,516	4,186	-24	0	0	0		
		Accumulated Funds								
0		Operating Result for the Period	-1,330	0	100	0	0	0		
		Reserves								
0		Increase/(Decrease) in asset revaluation reserve	0	-1,320	#	0	0	0		
0		Total Income And Expense For The Period	-1,330	-1,320	1	0	0	0		
		Transactions Involving Equity Holders Affecting Accumulated Funds								
0		Inc/Dec in Net Assets due to Admin Restructure	0	-2,866	#	0	0	0		
5,129		Closing Balance	4,186	0	-100	0	0	0		
Notes to the Budget Statements
Operating Statement
•	supplies and services:  the increase of $1.540 million in the 2005‑06 estimated outcome from the original budget is due to increased expenditure in targeted marketing campaigns.
Balance Sheet
•	cash:  the decrease of $0.663 million in the 2005‑06 estimated outcome from the original budget is due to targeted marketing campaigns;
•	investments:  the decrease of $1 million in the 2005‑06 estimated outcome from the original budget is due to targeted marketing campaigns;
•	other current assets: the increase of $0.224 million in the 2005‑06 estimated outcome from the original budget is due to an estimated increase in prepayments for the 2006 Floriade event;
•	non current finance leases:  the increase of $0.112 million in the 2005‑06 estimated outcome from the original budget is due to a 4.5 per cent annual increase in lease costs; and
•	non current employee benefits:  the decrease of $0.171 million in the 2005‑06 estimated outcome from the original budget is due to the departure of several long‑term employees.
dEPARTMENT OF eCONOMIC dEVELOPMENT
The Government is taking steps to make the ACT Public Sector more efficient, to better reflect its small scale.  A number of existing functions will be integrated, and the number of statutory authorities will be reduced.
BusinessACT has been integrated into the Chief Minister’s Department, and Sport and Recreation and Tourism have been integrated into the Department of Territory and Municipal Services from 1 July 2006.

Outputs to cease after 2005-06	Total Cost	Government Payment for Outputs	
	2005-06
Est. Outcome
$’000	2006-07
Budget
$’000	2005-06
Est. Outcome
$’000	2006-07
Budget
$’000	
Output Class:
Economic Development	39,474	n/a	32,769	n/a	
BusinessACT1	21,570	n/a	14,865	n/a	
Small Business Commissioner1	346	n/a	346	n/a	
Tourism2	17,558	n/a	17,558	n/a	

Output Class:
Sport, Recreation, Gaming and Racing	15,370	n/a	14,671	n/a	
Sport, Recreation and Racing Sector Development3, 4	10,150	n/a	9,511	n/a	
Athlete Scholarships and Services3	1,746	n/a	1,686	n/a	
Facilities Planning and Usage3	3,474	n/a	3,474	n/a	
Note:
1.	These outputs will be transferred to the Chief Minister’s Department and part of the associated accountability indicators will be reported under Output 2.1 Business and Economic Development in 2006‑07. 
2.	This output and associated accountability indicators will be transferred to the Department of Territory and Municipal Services and reported under Output 3.1 Tourism in 2006-07.
3.	These outputs and associated accountability indicators will be transferred to the Department of Territory and Municipal Services and reported under Output 1.6 Sport and Recreation in 2006-07.
4.	The racing sector development function will be transferred to the Department of Treasury 2006‑07.

Accountability Indicators to Cease after 2005-06	2005‑06
Targets	2005-06
Est. Outcome	2006-07
Targets	
Output BusinessACT	
a.	Knowledge Fund1				
	- % total annual Fund allocated	100%	100%	n/a	
	- Applications received	90	76	n/a	
	- Applications funded	25	25	n/a	
	- Applicant expenditure	$20 million	$15.72 million	n/a	
				
b.	Export Growth Program				
	- % total annual Fund allocated	100%	100%	n/a	
	- Applications received	60	48	n/a	
	- Applications funded	55	42	n/a	
	- Applicant expenditure	$0.8 million	$0.450 million	n/a	
				
c.	Industry Capability Network				
	- Companies registered on Database	800	790	n/a	
	- Enquiries actioned2	50	26	n/a	
	- Value of projects supported	$430 million	$430 million	n/a	
				
d.	Business Springboard Program				
	- Number of companies assisted3	50	8	n/a	
				
e.	Priority Industry Sectors – Sector Development Activities				
	- Industry Sector Strategies developed	6	3	n/a	
	- Companies introduced to BusinessACT programs	30	30	n/a	
	- Seminars/Events	9	15	n/a	
	- Trade Missions conducted	3	4	n/a	
				
f.	Policy Development				
	- Canberra Partnership Board meeting	6	6	n/a	
	- Small and Micro Business Advisory Council meetings	4	4	n/a	
	- National Trade Consultations4	2	0	n/a	
	- Industry and Technology Ministerial Council and related
subcommittees5	5	2	
n/a	
	- Industry Sector Strategies developed	1	1	n/a	
	- Companies introduced to BusinessACT programs	1	2	n/a	
				
Output Sport, Recreation and Racing Development	
a.	Value of Grants – racing 	$3,792,000	$3,899,000	n/a	
Output Small Business Commissioner	
a.	Development of a small business mediation service 	1	1	n/a	
b.	Development of a model business customer service charter as the basis of negotiations with relevant government agencies on the development of individual agency specific business customer service charters	1	1	n/a	
c.	Consultation with, and improving the profile of, the Small Business Commissioner with the ACT community, particularly the business community	1	1	n/a	
				
Notes:
1.	Funding for this Program is also used to deliver the Accelerating Business Innovation Program, which provided 53 grants totalling $336,000
2.	Enquiries actioned under the ICN Program have been affected by delays in the advancement of the ACT Prison and Department of Defence projects.
3.	Program delivery has been affected by non-availability of expert Panel members and insufficiently advanced commercialisation status of applicant companies.
4.	No National Trade Consultations held in the 2005‑06 financial year.
5.	Industry and Technology Ministerial Council abolished in 2005.

Department of Economic Development	
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								
50,786		Government Payment for Outputs	47,440	0	-100	0	0	0		
45		User Charges - Non ACT Government	45	0	-100	0	0	0		
0		Interest	144	0	-100	0	0	0		
85		Other Revenue	26,675	0	-100	0	0	0		
3,958		Resources Received free of charge	4,158	0	-100	0	0	0		
54,874		Total Revenue	78,462	0	-100	0	0	0		
		Gains								
0		Total Gains	0	0	-	0	0	0		
54,874		Total Income	78,462	0	-100	0	0	0		
		Expenses								
6,442		Employee Expenses	6,442	0	-100	0	0	0		
919		Superannuation Expenses	919	0	-100	0	0	0		
7,389		Supplies and Services	7,982	0	-100	0	0	0		
1,104		Depreciation and Amortisation	1,663	0	-100	0	0	0		
40,133		Grants and Purchased Services	36,538	0	-100	0	0	0		
0		Other Expenses	1,300	0	-100	0	0	0		
55,987		Total Ordinary Expenses	54,844	0	-100	0	0	0		
-1,113		Operating Result	23,618	0	-100	0	0	0		

Department of Economic Development	
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								
1,992		Cash	825	0	-100	0	0	0		
110		Receivables	707	0	-100	0	0	0		
387		Investments	2,023	0	-100	0	0	0		
2,489		Total Current Assets	3,555	0	-100	0	0	0		
		Non Current Assets								
16,248		Property, Plant and Equipment	36,932	0	-100	0	0	0		
29,830		Capital Works in Progress	2,159	0	-100	0	0	0		
46,078		Total Non Current Assets	39,091	0	-100	0	0	0		
48,567		TOTAL ASSETS	42,646	0	-100	0	0	0		
		Current Liabilities								
1,100		Payables	1,154	0	-100	0	0	0		
913		Employee Benefits	1,054	0	-100	0	0	0		
0		Other	237	0	-100	0	0	0		
2,013		Total Current Liabilities	2,445	0	-100	0	0	0		
		Non Current Liabilities								
653		Employee Benefits	513	0	-100	0	0	0		
653		Total Non Current Liabilities	513	0	-100	0	0	0		
2,666		TOTAL LIABILITIES	2,958	0	-100	0	0	0		
45,901		NET ASSETS	39,688	0	-100	0	0	0		
		REPRESENTED BY FUNDS EMPLOYED								
44,146		Accumulated Funds	37,933	0	-100	0	0	0		
1,755		Reserves	1,755	0	-100	0	0	0		
45,901		TOTAL FUNDS EMPLOYED	39,688	0	-100	0	0	0		

Department of Economic Development	
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								
50,786		Cash from Government for Outputs	47,440	0	-100	0	0	0		
45		User Charges	45	0	-100	0	0	0		
0		Interest Received	144	0	-100	0	0	0		
1,751		Other Revenue	1,789	0	-100	0	0	0		
52,582		Operating Receipts	49,418	0	-100	0	0	0		
		Payments								
7,331		Related to Employees	7,423	0	-100	0	0	0		
7,390		Related to Supplies and Services	7,783	0	-100	0	0	0		
36,174		Grants and Purchased Services	32,579	0	-100	0	0	0		
1,666		Other	1,704	0	-100	0	0	0		
52,561		Operating Payments	49,489	0	-100	0	0	0		
21		NET CASH INFLOW/(OUTFLOW) FROM OPERATING ACTIVITIES	-71	0	100	0	0	0		
		CASH FLOWS FROM INVESTING ACTIVITIES								
		Payments								
30,450		Purchase of Property, Plant and Equipment	999	0	-100	0	0	0		
30,450		Investing Payments	999	0	-100	0	0	0		
-30,450		NET CASH INFLOW/(OUTFLOW) FROM INVESTING ACTIVITIES	-999	0	100	0	0	0		
		CASH FLOWS FROM FINANCING ACTIVITIES								
		Receipts								
30,450		Capital Injection from Government	999	0	-100	0	0	0		
30,450		Financing Receipts	999	0	-100	0	0	0		
		Payments								
0		Payments of Transferred Cash Balances	0	2,848	#	0	0	0		
0		Financing Payments	0	2,848	#	0	0	0		
30,450		NET CASH INFLOW/(OUTFLOW) FROM FINANCING ACTIVITIES	999	-2,848	-385	0	0	0		
21		NET INCREASE/(DECREASE) IN CASH HELD	-71	-2,848	#	0	0	0		
2,358		CASH AT BEGINNING OF REPORTING PERIOD	2,919	2,848	-2	0	0	0		
2,379		CASH AT THE END OF THE REPORTING PERIOD	2,848	0	-100	0	0	0		

Department of Economic Development	
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		
16,564		Opening Balance	15,071	39,688	163	0	0	0		
		Accumulated Funds								
-1,113		Operating Result for the Period	23,618	0	-100	0	0	0		
		Reserves								
0		Increase/(Decrease) in asset revaluation reserve	0	-1,755	#	0	0	0		
-1,113		Total Income And Expense For The Period	23,618	-1,755	-107	0	0	0		
		Transactions Involving Equity Holders Affecting Accumulated Funds								
30,450		Capital Injections	999	0	-100	0	0	0		
0		Inc/Dec in Net Assets due to Admin Restructure	0	-37,933	#	0	0	0		
45,901		Closing Balance	39,688	0	-100	0	0	0		
Notes to the Budget Statements
Significant variations are as follows:
Operating Statement
•	government payment for outputs:  the decrease of $3.346 million in the 2005‑06 estimated outcome from the original budget largely reflects the deferral of programs relating to the Knowledge Fund ($2.551 million), Canberra Central Taskforce ($0.735 million), Business Export Growth program ($0.704 million), the Lyneham Precinct Development ($0.173 million), and the Priority Industry Sectors Support program ($0.090 million).  These are partially offset by the transfer of capital funding for the Canberra Central Taskforce project ($0.913 million) into government payment for outputs;
•	interest revenue:  the increase of $0.144 million in the 2005‑06 estimated outcome from the original budget reflects additional interest earned from the higher levels of cash holdings largely relating to unspent Knowledge Fund moneys;
•	other revenue:  the increase of $26.590 million in the 2005‑06 estimated outcome from the original budget relates to the revaluation increments arising from the valuation of the National Convention Centre ($25.5 million), together with revenue recognised for the transfer of Phillip Oval ($1.090 million) from the Department of Urban Services;
•	resources received free of charge:  the increase of $0.2 million in the 2005‑06 estimated outcome from the original budget relates to higher levels of legal services received from the Government Solicitor’s Office;
•	supplies and services:  the increase of $0.593 million in the 2005‑06 estimated outcome from the 2005‑06 original budget is mainly due to higher costs associated with the Kids at Play initiative ($0.4 million), Fairbairn Park ($0.2 million), and the Canberra Central Taskforce ($0.178 million), partially offset by the rollover of the Lyneham Precinct Development ($0.173 million);
•	depreciation and amortisation:  the increase of $0.559 million in the 2005‑06 estimated outcome from the original budget relates to additional depreciation expenses associated with the above‑mentioned assets transferred from the Department of Urban Services and the increased valuation for the National Convention Centre;
•	grants and purchased services:  the decrease of $3.595 million in the 2005‑06 estimated outcome from the original budget is due to the under‑expenditure relating to the Knowledge Fund ($2.551 million), the Export Growth program ($0.704 million) and the Priority Industry Sectors Support program ($0.090 million), and the removal of the Manuka Oval Subsidy ($0.240 million); and
•	other expenses:  the increase of $1.3 million in the 2005‑06 estimated outcome from the original budget reflects the diminution in the National Convention Centre’s land value identified by a revaluation of the land and improvements transferred from the ACT Planning and Land Authority in December 2005.
Balance Sheet
•	cash and current investments:  the net increase of $0.469 million in the 2005‑06 estimated outcome from the original budget is largely due to higher than anticipated cash and investment balances in the audited outcome as at 30 June 2005;
•	receivables:  the increase of $0.597 million in the 2005‑06 estimated outcome from the original budget is primarily attributable to GST refund receivables;
•	property, plant and equipment:  the increase of $20.684 million in the 2005‑06 estimated outcome from the original budget relates to the recognition of the National Convention Centre ($24.2 million) and the transfer of Phillip Oval ($1.090 million) being partially offset by delays in completing the upgrade of Manuka Oval ($1.780 million) and increases in accumulated depreciation ($1.660 million) resulting from the above;
•	capital works in progress:  the decrease of $27.671 million in the 2005‑06 estimated outcome from the original budget represents delays in the National Convention Centre project ($28.520 million) and the expensing of feasibility work associated with the Canberra Central Taskforce project ($0.913 million) that was budgeted to be capitalised.  These are partially offset by increases relating to the Manuka Oval upgrade ($1.780 million); and
•	other current liabilities:  the increase of $0.237 million in the 2005‑06 estimated outcome from the original budget is due to the recognition for revenue received in advance for Sponsorship programs.
Statement of Changes in Equity
•	capital injections:  the decrease of $29.451 million in the 2005‑06 estimated outcome from the original budget largely reflects the rollover of capital funding for the National Convention Centre ($28.520 million) and the transfer of capital funding to GPO for the Canberra Central Taskforce project ($0.913 million).
Statement of Cash Flows
•	purchase of property, plant and equipment:  the decrease of $29.451 million in the 2005‑06 estimated outcome from the original budget largely reflects the rollover of capital funding for the National Convention Centre ($28.520 million) and the transfer of capital funding to GPO for the Canberra Central Taskforce project ($0.913 million); and
•	transfer of cash balances:  the increase of $2.848 million in the 2006‑07 Budget from the 2005‑06 estimated outcome reflects the cash transfer to the Chief Minister’s Department for BusinessACT and the Department of Territory and Municipal Services for Sport and Recreation.

Department of Economic Development	
Statement of Income and Expenses on Behalf of the Territory	
  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								
7,029		Payment for Expenses on behalf of Territory	7,730	0	-100	0	0	0		
158		Grants from the Commonwealth	170	0	-100	0	0	0		
56		Interest	56	0	-100	0	0	0		
6,338		Other Revenue	7,039	0	-100	0	0	0		
13,581		Total Revenue	14,995	0	-100	0	0	0		
		Gains								
0		Total Gains	0	0	-	0	0	0		
13,581		Total Income	14,995	0	-100	0	0	0		
		Expenses								
7,435		Grants and Purchased Services	8,136	0	-100	0	0	0		
6,146		Transfer Expenses	6,859	0	-100	0	0	0		
13,581		Total Ordinary Expenses	14,995	0	-100	0	0	0		
0		Operating Result	0	0	-	0	0	0		

Department of Economic Development	
Statement of Assets and Liabilities on Behalf of the Territory	
    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								
0		Cash	45	0	-100	0	0	0		
1,198		Receivables	3	0	-100	0	0	0		
145		Investments	193	0	-100	0	0	0		
1,343		Total Current Assets	241	0	-100	0	0	0		
		Non Current Assets								
0		Investments	2,000	0	-100	0	0	0		
0		Total Non Current Assets	2,000	0	-100	0	0	0		
1,343		TOTAL ASSETS	2,241	0	-100	0	0	0		
		Current Liabilities								
0		Payables	241	0	-100	0	0	0		
0		Total Current Liabilities	241	0	-100	0	0	0		
0		TOTAL LIABILITIES	241	0	-100	0	0	0		
1,343		NET ASSETS	2,000	0	-100	0	0	0		
		REPRESENTED BY FUNDS EMPLOYED								
1,343		Accumulated Funds	2,000	0	-100	0	0	0		
1,343		TOTAL FUNDS EMPLOYED	2,000	0	-100	0	0	0		

Department of Economic Development	
Budgeted Statement of Cashflows on Behalf of the Territory	
  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								
7,029		Cash from Government for EBT	7,730	0	-100	0	0	0		
56		Interest Received	56	0	-100	0	0	0		
158		Grants Received from the Commonwealth	170	0	-100	0	0	0		
6,338		Other Revenue	7,039	0	-100	0	0	0		
13,581		Operating Receipts	14,995	0	-100	0	0	0		
		Payments								
7,435		Grants and Purchased Services	8,136	0	-100	0	0	0		
6,146		Territory Receipts to Government	6,859	0	-100	0	0	0		
13,581		Operating Payments	14,995	0	-100	0	0	0		
0		NET CASH INFLOW/(OUTFLOW) FROM OPERATING ACTIVITIES	0	0	-	0	0	0		
		CASH FLOWS FROM FINANCING ACTIVITIES								
		Receipts								
0		Receipt of Transferred Cash Balances	0	-238	#	0	0	0		
0		Financing Receipts	0	-238	#	0	0	0		
0		NET CASH INFLOW/(OUTFLOW) FROM FINANCING ACTIVITIES	0	-238	#	0	0	0		
0		NET INCREASE/(DECREASE) IN CASH HELD	0	-238	#	0	0	0		
145		CASH AT BEGINNING OF REPORTING PERIOD	238	238	-	0	0	0		
145		CASH AT THE END OF THE REPORTING PERIOD	238	0	-100	0	0	0		

Department of Economic Development	
Statement of Changes in Equity on Behalf of the Territory	
    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		
1,343		Opening Balance	2,000	2,000	-	0	0	0		
		Accumulated Funds								
0		Operating Result for the Period	0	0	-	0	0	0		
		Reserves								
0		Inc/Dec in Net Assets due to Admin Restructure	0	-2,000	#	0	0	0		
1,343		Closing Balance	2,000	0	-100	0	0	0		
Notes to the Budget Statements
Significant variations are as follows:
Statement of Income and Expenses on Behalf of the Territory
•	payment for expenses on behalf of the Territory:  the increase of $0.701 million in the 2005‑06 estimated outcome from the original budget is due to appropriation for increased levels of funding from ACTTAB turnover for payment to the Racing Development Fund;
•	other revenue:  the increase of $0.701 million in the 2005‑06 estimated outcome from the original budget is the additional levy resulting from an estimated increase in ACTTAB’s turnover.  The levy is 4 per cent of ACTTAB’s turnover;
•	grants and purchased services:  the increase of $0.701 million in the 2005‑06 estimated outcome from the original budget is due to increased payments for the Racing Development Fund; and
•	transfer expenses:  the increase of $0.713 million in the 2005‑06 estimated outcome from the original budget relates to transfer of increased revenues to the Central Financing Unit (CFU).
Statement of Assets and Liabilities on Behalf of the Territory
•	currents assets:  the decrease of $1.102 million in the 2005‑06 estimated outcome from the original budget largely reflects the correction of an error resulting from the budgetary transfer of the Racing and Development Fund from the Department of Treasury as part of the November 2004 Administrative Arrangement Orders;
•	non-current investments:  the increase of $2 million in 2005‑06 estimated outcome from the original budget reflects the transfer from the Department of Treasury of the investment held with the Canberra Business Development Fund to encourage and foster the growth of venture capital in the ACT region.  This will be transferred to the Chief Minister’s Department on 1 July 2006 as part of the Administrative Arrangement Orders.

HEALTHPACT
Objectives
The Government is taking steps to make the ACT Public Sector more efficient, to better reflect its small scale.  A number of existing functions will be integrated, and the number of statutory authorities will be reduced.
The Health Promotion Board (HealthPACT) has been integrated into ACT Health from 1 July 2006.  The grants program previously administered by HealthPACT will continue in 2006‑07.

ACT Health Promotion 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								
2,709		User Charges - ACT Government	2,909	0	-100	0	0	0		
10		Interest	10	0	-100	0	0	0		
2,719		Total Revenue	2,919	0	-100	0	0	0		
		Gains								
0		Total Gains	0	0	-	0	0	0		
2,719		Total Income	2,919	0	-100	0	0	0		
		Expenses								
393		Employee Expenses	428	0	-100	0	0	0		
52		Superannuation Expenses	57	0	-100	0	0	0		
240		Supplies and Services	240	0	-100	0	0	0		
2,050		Grants and Purchased Services	2,210	0	-100	0	0	0		
2,735		Total Ordinary Expenses	2,935	0	-100	0	0	0		
-16		Operating Result	-16	0	100	0	0	0		

ACT Health Promotion 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								
20		Cash	20	0	-100	0	0	0		
3		Receivables	6	0	-100	0	0	0		
60		Investments	168	0	-100	0	0	0		
83		Total Current Assets	194	0	-100	0	0	0		
83		TOTAL ASSETS	194	0	-100	0	0	0		
		Current Liabilities								
20		Payables	22	0	-100	0	0	0		
50		Employee Benefits	44	0	-100	0	0	0		
70		Total Current Liabilities	66	0	-100	0	0	0		
		Non Current Liabilities								
20		Employee Benefits	23	0	-100	0	0	0		
20		Total Non Current Liabilities	23	0	-100	0	0	0		
90		TOTAL LIABILITIES	89	0	-100	0	0	0		
-7		NET ASSETS	105	0	-100	0	0	0		
		REPRESENTED BY FUNDS EMPLOYED								
-7		Accumulated Funds	105	0	-100	0	0	0		
-7		TOTAL FUNDS EMPLOYED	105	0	-100	0	0	0		

ACT Health Promotion 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								
2,709		User Charges	2,909	0	-100	0	0	0		
10		Interest Received	10	0	-100	0	0	0		
192		Other Revenue	192	0	-100	0	0	0		
2,911		Operating Receipts	3,111	0	-100	0	0	0		
		Payments								
432		Related to Employees	472	0	-100	0	0	0		
240		Related to Supplies and Services	241	0	-100	0	0	0		
2,050		Grants and Purchased Services	2,210	0	-100	0	0	0		
192		Other	192	0	-100	0	0	0		
2,914		Operating Payments	3,115	0	-100	0	0	0		
-3		NET CASH INFLOW/(OUTFLOW) FROM OPERATING ACTIVITIES	-4	0	100	0	0	0		
		CASH FLOWS FROM FINANCING ACTIVITIES								
		Payments								
0		Payments of Transferred Cash Balances	0	188	#	0	0	0		
0		Financing Payments	0	188	#	0	0	0		
0		NET CASH INFLOW/(OUTFLOW) FROM FINANCING ACTIVITIES	0	-188	#	0	0	0		
-3		NET INCREASE/(DECREASE) IN CASH HELD	-4	-188	#	0	0	0		
83		CASH AT BEGINNING OF REPORTING PERIOD	192	188	-2	0	0	0		
80		CASH AT THE END OF THE REPORTING PERIOD	188	0	-100	0	0	0		

ACT Health Promotion 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		
9		Opening Balance	121	105	-13	0	0	0		
		Accumulated Funds								
-16		Operating Result for the Period	-16	0	100	0	0	0		
		Reserves								
-16		Total Income And Expense For The Period	-16	0	100	0	0	0		
		Transactions Involving Equity Holders Affecting Accumulated Funds								
0		Inc/Dec in Net Assets due to Admin Restructure	0	-105	#	0	0	0		
-7		Closing Balance	105	0	-100	0	0	0		
Notes to the Budget Statements
Significant variations are as follows:
Operating Statement
•	user charges - ACT Government:  the increase of $0.2 million in the 2005‑06 estimated outcome from the original budget is due to the receipt of Falls Prevention grant moneys from ACT Health;
•	employee expenses:  the increase of $0.035 million in the 2005‑06 estimated outcome from the original budget is mainly due to the staff increases associated with the Falls Prevention program; and
•	grants and purchased services:  the increase of $0.160 million in the 2005‑06 estimated outcome from the original budget is mainly due to the payment associated with the Falls Prevention program.
Balance Sheet
•	investments:  the increase of $0.108 million in the 2005‑06 estimated outcome from the original budget relates to a higher than expected amount of investments flowing from the 2004‑05 audited financial statements.