ACT Executive
Objectives
The ACT Executive consists of the Chief Minister and other Ministers appointed by the Chief Minister.  The ACT Executive has powers under the Australian Capital Territory (Self Government) Act 1988 to govern the Territory and execute and maintain enactments and laws.
2008-09 Priorities
Strategic and operational issues to be pursued in 2008‑09 include setting government policies and implementing strategies to support the delivery of those policies. 

Estimated Employment Level
2007-08
Budget			2007-08
Est. Outcome	2008-09
Budget	
35		  Staffing  (FTE)	32	32	

Changes to Appropriation

  Changes to Appropriation - Territorial						
 	2007-08	2008-09	2009-10	2010-11	2011-12	
Payment for Expenses on Behalf of Territory	Est. Out.	Budget	Estimate	Estimate	Estimate	
 	$'000	$'000	$'000	$'000	$'000	
						
2007-08 Budget	5,439	5,605	5,735	5,827	5,827	
						
2nd Appropriation						
2nd Appropriation - MLA Salary Increase	21	 - 	 - 	 - 	 - 	
						
2008-09 Budget Technical Adjustments						
Revised Indexation Parameters	 - 	6	6	6	68	
Superannuation Decreased Contributions	(15)	(29)	(41)	(52)	(62)	
						
2008-09 Budget	5,445	5,582	5700	5,781	5,833	

ACT Executive	
Statement of Income and Expenses on Behalf of the Territory	
  2007-08			  2007-08	   2008-09		  2009-10	  2010-11	  2011-12		
    Budget			Est.Outcome	   Budget	   Var	  Estimate	   Estimate	  Estimate		
    $'000			   $'000	   $'000	    %	   $'000	    $'000	   $'000		
		Income								
		Revenue								
5,439		Payment for Expenses on behalf of Territory	5,445	5,582	3	5,700	5,781	5,833		
180		Resources Received free of charge	180	180	-	180	180	180		
5,619		Total Revenue	5,625	5,762	2	5,880	5,961	6,013		
		Gains								
0		Total Gains	0	0	-	0	0	0		
5,619		Total Income	5,625	5,762	2	5,880	5,961	6,013		
		Expenses								
3,791		Employee Expenses	3,808	3,899	2	3,977	4,030	4,086		
663		Superannuation Expenses	652	653	..	653	652	648		
1,169		Supplies and Services	1,154	1,197	4	1,215	1,245	1,245		
2		Depreciation and Amortisation	23	13	-43	42	44	29		
0		Borrowing Costs	5	5	-	10	10	10		
5,625		Total Ordinary Expenses	5,642	5,767	2	5,897	5,981	6,018		
-6		Operating Result	-17	-5	71	-17	-20	-5		

ACT Executive	
Statement of Assets and Liabilities on Behalf of the Territory	
    Budget			Est.Outcome	   Planned		   Planned	   Planned	   Planned		
as at 30/6/08			as at 30/6/08	as at 30/6/09	   Var	as at 30/6/10	as at 30/6/11	as at 30/6/12		
   $'000			   $'000	    $'000	    %	    $'000	    $'000	    $'000		
		Current Assets								
962		Cash and Cash Equivalents	1,263	1,292	2	1,301	1,310	1,333		
0		Other	4	4	-	4	4	4		
962		Total Current Assets	1,267	1,296	2	1,305	1,314	1,337		
		Non Current Assets								
6		Property, Plant and Equipment	68	55	-19	109	66	38		
6		Total Non Current Assets	68	55	-19	109	66	38		
968		TOTAL ASSETS	1,335	1,351	1	1,414	1,380	1,375		
		Current Liabilities								
154		Payables	95	95	-	101	101	102		
0		Finance Leases	11	53	382	23	23	23		
370		Employee Benefits	531	563	6	588	614	640		
524		Total Current Liabilities	637	711	12	712	738	765		
		Non Current Liabilities								
0		Finance Leases	56	3	-95	82	42	15		
0		Total Non Current Liabilities	56	3	-95	82	42	15		
524		TOTAL LIABILITIES	693	714	3	794	780	780		
444		NET ASSETS	642	637	..	620	600	595		
		REPRESENTED BY FUNDS EMPLOYED								
444		Accumulated Funds	642	637	..	620	600	595		
444		TOTAL FUNDS EMPLOYED	642	637	..	620	600	595		

ACT Executive	
Budgeted Statement of Cashflows on Behalf of the Territory	
  2007-08			  2007-08	   2008-09		  2009-10	  2010-11	  2011-12		
    Budget			Est.Outcome	   Budget	   Var	  Estimate	   Estimate	  Estimate		
    $'000			   $'000	   $'000	    %	   $'000	    $'000	   $'000		
		CASH FLOWS FROM OPERATING ACTIVITIES								
		Receipts								
5,439		Cash from Government for EBT	5,445	5,582	3	5,700	5,781	5,833		
105		Other Revenue	105	105	-	106	106	106		
5,544		Operating Receipts	5,550	5,687	2	5,806	5,887	5,939		
		Payments								
4,422		Related to Employees	4,428	4,520	2	4,605	4,656	4,708		
989		Related to Supplies and Services	971	1,017	5	1,035	1,065	1,065		
0		Borrowing Costs	5	5	-	10	10	10		
105		Other	105	105	-	106	106	106		
5,516		Operating Payments	5,509	5,647	3	5,756	5,837	5,889		
28		NET CASH INFLOW/(OUTFLOW) FROM OPERATING ACTIVITIES	41	40	-2	50	50	50		
		CASH FLOWS FROM FINANCING ACTIVITIES								
		Payments								
0		Repayment of Finance Lease	21	11	-48	41	41	27		
0		Financing Payments	21	11	-48	41	41	27		
0		NET CASH INFLOW/(OUTFLOW) FROM FINANCING ACTIVITIES	-21	-11	48	-41	-41	-27		
28		NET INCREASE/(DECREASE) IN CASH HELD	20	29	45	9	9	23		
934		CASH AT BEGINNING OF REPORTING PERIOD	1,243	1,263	2	1,292	1,301	1,310		
962		CASH AT THE END OF THE REPORTING PERIOD	1,263	1,292	2	1,301	1,310	1,333		

ACT Executive	
Statement of Changes in Equity on Behalf of the Territory	
    Budget			Est.Outcome	   Planned		   Planned	   Planned	   Planned		
as at 30/6/08			as at 30/6/08	as at 30/6/09	   Var	as at 30/6/10	as at 30/6/11	as at 30/6/12		
   $'000			   $'000	    $'000	    %	    $'000	    $'000	    $'000		
450		Opening Balance	659	642	-3	637	620	600		
		Accumulated Funds								
-6		Operating Result for the Period	-17	-5	71	-17	-20	-5		
		Reserves								
-6		Total Income And Expense For The Period	-17	-5	71	-17	-20	-5		
		Transactions Involving Equity Holders Affecting Accumulated Funds								
444		Closing Balance	642	637	..	620	600	595		
Notes to the Budget Statements
Significant variations are as follows:
Statement of Incomes and Expenses on Behalf of the Territory
•	payment for expenses on behalf of Territory:  the increase of $0.137 million in the 2008‑09 Budget from the 2007‑08 estimated outcome is in line with indexation parameters.
•	depreciation and amortisation:  the increase of $0.021 million in the 2007‑08 estimated outcome from the original budget is due to the move to finance lease arrangements for executive vehicles.
Statement of Assets and Liabilities on Behalf of the Territory
•	cash and cash equivalents:  the increase of $0.301 million in the 2007‑08 estimated outcome from the original budget is due to the flow‑on effect of the 2006‑07 audited outcome, which had higher than budgeted positive cash flows from operations.
•	property, plant and equipment:  the increase of $0.062 million in the 2007‑08 estimated outcome from the original budget is due to the take up of finance leases.
•	payables:  the decrease of $0.059 million in the 2007‑08 estimated outcome from the original budget is due to a lower than expected level of accrued expenses. 
•	employee benefits:  the increase of $0.161 million in the 2007‑08 estimated outcome from the original budget is due to the flow-on effect of the 2006‑07 audited outcome reflecting higher leave balances.
•	current and non current finance leases:  the increase of $0.067 million in the 2007‑08 estimated outcome from the original budget and the decrease of $0.011 million in the 2008‑09 budget from the 2007‑08 estimated outcome relates to the take up of finance leases and their subsequent repayment.
Statement of Changes in Equity on Behalf of the Territory
•	closing balance of accumulated funds:  the increase of $0.198 million in the 2007‑08 estimated outcome from the original budget relates to the flow‑on effect of the 2006‑07 audited outcome.