ACT PUBLIC CEMETERIES AUTHORITY
Objectives
The ACT Public Cemeteries Authority (the Authority) operates under the Cemeteries and Crematoria Act 2003.  It manages and operates public cemeteries at Gungahlin, Woden and Hall.  The Authority aims to operate these cemeteries on a sustainable basis to minimise the cost to Government and the community.
The Authority will continue to provide a wide range of burial options across all cemeteries to meet the diverse needs of the community and other groups that use cemetery services.
2009-10 Priorities
Strategic and operational issues to be pursued in 2009-10 include:
•	working toward the establishment of a new southern cemetery to maintain burial capacity in the medium to long term;
•	continuing to develop and refine the range of services and options for burial and memorialisation;
•	continuing to employ innovative solutions to reduce the cost of maintenance, with a view to enhancing perpetual care arrangements and long-term financial viability;
•	continuing to work towards environmentally sustainable maintenance practices; and
•	continuing to provide a productive, satisfying and safe workplace.

Estimated Employment Level
2008-09
Budget			2008-09
Est. Outcome	2009-10
Budget	
13		  Staffing  (FTE)	13	13	

Australian Capital Territory Public Cemeteries Authority
Operating Statement
  2008-09			  2008-09	   2009-10		  2010-11	    2011-12	  2012-13		
    Budget			Est.Outcome	   Budget	     Var	  Estimate	    Estimate	  Estimate		
    $'000			    $'000	   $'000	      %	    $'000	     $'000	   $'000		
		Income								
		Revenue								
2,182		User Charges - Non ACT Government	1,858	2,304	24	2,396	2,492	2,592		
504		Interest	385	394	2	405	414	425		
1087		Other Revenue	1,188	1,209	2	1,264	1,304	1,345		
3,773		Total Revenue	3,431	3,907	14	4,065	4,210	4,362		
		Gains								
0		Total Gains	0	0	-	0	0	0		
3,773		Total Income	3,431	3,907	14	4,065	4,210	4,362		
		Expenses								
688		Employee Expenses	666	718	8	746	777	807		
122		Superannuation Expenses	83	90	8	93	97	101		
839		Supplies and Services	969	919	-5	942	965	990		
262		Depreciation and Amortisation	262	288	10	324	333	342		
1,331		Other Expenses	1,096	1,613	47	1,677	1,744	1,814		
3,242		Total Ordinary Expenses	3,076	3,628	18	3,782	3,916	4,054		
531		Operating Result	355	279	-21	283	294	308		

Australian Capital Territory Public Cemeteries Authority
Balance Sheet
    Budget			Est.Outcome	    Planned		   Planned	   Planned	   Planned		
as at 30/6/09			as at 30/6/09	as at 30/6/10	   Var	as at 30/6/11	as at 30/6/12	as at 30/6/13		
   $'000			   $'000	     $'000	    %	    $'000	    $'000	    $'000		
		Current Assets								
6,193		Cash and Cash Equivalents	5,997	6,082	1	6,637	7,212	7,810		
348		Receivables	502	504	..	506	508	510		
12		Other	9	9	-	9	9	9		
6,553		Total Current Assets	6,508	6,595	1	7,152	7,729	8,329		
		Non Current Assets								
683		Investments	685	685	-	685	685	685		
5,413		Property, Plant and Equipment	6,616	6,939	5	6,795	6,642	6,480		
6,096		Total Non Current Assets	7,301	7,624	4	7,480	7,327	7,165		
12,649		TOTAL ASSETS	13,809	14,219	3	14,632	15,056	15,494		
		Current Liabilities								
160		Payables	283	284	..	285	286	287		
316		Employee Benefits	302	315	4	328	341	354		
636		Other Provisions	590	600	2	610	620	630		
1,112		Total Current Liabilities	1,175	1,199	2	1,223	1,247	1,271		
		Non Current Liabilities								
22		Employee Benefits	16	23	44	29	35	41		
4,527		Other Provisions	4,656	4,756	2	4,856	4,956	5,056		
4,549		Total Non Current Liabilities	4,672	4,779	2	4,885	4,991	5,097		
5,661		TOTAL LIABILITIES	5,847	5,978	2	6,108	6,238	6,368		
6,988		NET ASSETS	7,962	8,241	4	8,524	8,818	9,126		
		REPRESENTED BY FUNDS EMPLOYED								
2,476		Accumulated Funds	2,415	2,694	12	2,977	3,271	3,579		
4,512		Reserves	5,547	5,547	-	5,547	5,547	5,547		
6,988		TOTAL FUNDS EMPLOYED	7,962	8,241	4	8,524	8,818	9,126		

Australian Capital Territory Public Cemeteries Authority
Cash Flow Statement
  2008-09			  2008-09	   2009-10		  2010-11	    2011-12	  2012-13		
    Budget			Est.Outcom	   Budget	     Var	  Estimate	    Estimate	  Estimate		
    $'000			    $'000	   $'000	      %	    $'000	     $'000	   $'000		
		CASH FLOWS FROM OPERATING ACTIVITIES								
		Receipts								
2,292		User Charges	1,968	2,414	23	2,506	2,602	2,702		
504		Interest Received	385	394	2	405	414	425		
1315		Other Revenue	1,416	1,437	1	1492	1,532	1,573		
4111		Operating Receipts	3,769	4,245	13	4,403	4,548	4,700		
		Payments								
661		Related to Employees	639	698	9	726	757	787		
122		Related to Superannuation	83	90	8	93	97	101		
839		Related to Supplies and Services	969	919	-5	943	966	991		
1,560		Other	1,325	1,842	39	1,906	1,973	2,043		
3,182		Operating Payments	3,016	3,549	18	3,668	3,793	3,922		
929		NET CASH INFLOW/ (OUTFLOW) FROM OPERATING ACTIVITIES	753	696	-8	735	755	778		
		CASH FLOWS FROM INVESTING ACTIVITIES								
		Payments								
180		Purchase of Property, Plant and Equipment and Capital Works	321	611	90	180	180	180		
180		Investing Payments	321	611	90	180	180	180		
-180		NET CASH INFLOW/ (OUTFLOW) FROM INVESTING ACTIVITIES	-321	-611	90	-180	-180	-180		
749		NET INCREASE/ (DECREASE) IN CASH HELD	432	85	-80	555	575	598		
5,444		CASH AT BEGINNING OF REPORTING PERIOD	5,565	5,997	8	6,082	6,637	7,212		
6,193		CASH AT THE END OF THE REPORTING PERIOD	5,997	6,082	1	6,637	7,212	7,810		

Australian Capital Territory Public Cemeteries Authority
Statement of Changes in Equity
    Budget			Est.Outcome	    Planned		   Planned	   Planned	   Planned		
as at 30/6/09			as at 30/6/09	as at 30/6/10	   Var	as at 30/6/11	as at 30/6/12	as at 30/6/13		
   $'000			   $'000	     $'000	    %	    $'000	    $'000	    $'000		
6,457		Opening Balance	7,607	7,962	5	8,241	8,524	8,818		
		Accumulated Funds								
531		Operating Result for the Period	355	279	-21	283	294	308		
		Reserves								
531		Total Income And Expense For The Period	355	279	-21	283	294	308		
		Transactions Involving Equity Holders Affecting Accumulated Funds								
6,988		Closing Balance	7,962	8,241	4	8,524	8,818	9,126		
Notes to Budget Statements
Significant variations are as follows:
Operating Statement
•	user charges non ACT Government:
•	the decrease of $0.324 million between the original budget and the estimated outcome for 2008-09 is due to a drop in high value sales in 2008-09; and
•	the increase of $0.446 million in the 2009-10 Budget from the 2008-09 estimated outcome is due in part to a projected recovery in high value sales and in part to an annual increase in fees and charges to address the Perpetual Care Trusts’ (PCT) contribution requirements.
•	interest:  the decrease of $0.119 million between the original budget and the estimated outcome for 2008-09 is due to a significant drop in interest rates and therefore returns on investments.
•	superannuation expense:  the decrease of $0.039 million between the original budget and the estimated outcome for 2008-09 is due to a greater proportion of ‘fund-of-choice’ superannuants than originally budgeted.
•	supplies and services:
•	the increase of $0.130 million in the 2008-09 estimated outcome from the original budget is due to a one-off, unanticipated increase in costs arising from community consultation expenses over the proposed new southern cemetery.  An additional contributing factor was an increase in repairs and maintenance costs as well as increased water costs due to the continuing drought; and
•	the decrease of $0.050 million in the 2009-10 Budget from the 2008-09 estimated outcome is mainly due to a reduction in consultants fees associated with community consultation for the new southern cemetery completed in 2008-09.
•	other expenses:  this line item represents contributions to the PCT and is calculated as a percentage of sales:
•	the decrease of $0.235 million between the original budget and the estimated outcome for 2008-09 relates directly to the drop in sales observed over this period; and
•	the increase of $0.517 million in the 2009-10 Budget from the 2008-09 estimated outcome is due in part to the projected recovery of sales in 2009-10 and in part due to a change in the percentage of sales contributed to the PCT from 60 per cent to 70 per cent.  The latter change has been necessary as current contributions are not adequate to fund the Authority’s perpetual care obligations.
Balance Sheet
•	cash and cash equivalents:  the decrease of $0.196 million between the original budget and the estimated outcome in 2008-09 is due to a combination of a reduction in high value sales and interest revenue, combined with higher operating costs for repairs and maintenance and water.
•	receivables:  the increase of $0.154 million between the original budget and the estimated outcome in 2008-09 is due to an increase in PCT receivables from the Gungahlin Trust.
•	property, plant and equipment:
•	the increase of $1.203 million between the 2008-09 original budget and the 2008-09 estimated outcome is due to fair value asset revaluations undertaken after the 2008-09 Budget and higher than anticipated investment in infrastructure assets and plant and equipment; and
•	the increase of $0.323 million in the 2009-10 Budget from the 2008-09 estimated outcome is due to further projected increases in infrastructure assets and plant and equipment.
•	payables:  the increase of $0.123 million between the 2008-09 original budget and the 2008-09 estimated outcome is due to the flow-on effect of increases to expenditure, particularly for repairs and maintenance and water.
•	other provisions (non current):  the increase of $0.129 million between the 2008-09 original budget and the 2008-09 estimated outcome is due to increases in burial reservations.
•	reserves:  the increase of $1.035 million between the 2008-09 original budget and the 2008-09 estimated outcome is due to a revaluation of assets to fair value after the 2008-09 Budget.
Statement of Changes in Equity
Variances in the statement are explained in the notes above.