ACT PLANNING AND LAND AUTHORITY
Objectives
The principal objectives of the ACT Planning and Land Authority (the Authority) are to provide a planning and land system that contributes to the orderly and sustainable development of the ACT.
The primary goal of the Authority is to work in partnership with all stakeholders in the community as an innovative and professional organisation that provides planning leadership in response to social change.
The key business activities of the Authority are:
•	long term strategic land use, social and infrastructure planning for the ACT;
•	reviewing and implementing the Territory Plan, and supporting planning instruments and guidelines;
•	preparing the Territory’s medium‑term land release program;
•	assessing development applications and related processes;
•	provision of high quality land and planning information including the Territory’s spatial data infrastructure;
•	administering the leasehold system;
•	representing the Territory on those bodies that seek to achieve consistent regulatory practice across Australia and internationally;
•	assessing and inspecting hydraulics applications, building audits, hydraulics and electrical certifiers; 
•	regulating building compliance (including investigations), of the surveying and building industries, (including occupations licensing); and
•	regulating technical aspects of utility infrastructure networks and services in the ACT.
2006‑07 Priorities
Strategic and operational issues to be pursued in 2006‑07 include:
•	planning system and other regulatory reforms;
–	continuing reform of the planning and land administration system;
–	working towards a fully integrated development assessment process as part of the planning system reform project;
–	implementing reform of the technical regulation functions under the new utilities legislation; and
–	participating in the development of new body corporate legislation.
•	
transport initiatives;
–	completing the Preliminary Assessment of the Belconnen to City busway as part of the Sustainable Transport Plan.
•	strategic initiatives;
–	continuing the implementation of the Canberra Spatial Plan including the next stages of the Molonglo study, an assessment of the urban development opportunities within the East Lake area;
–	continuing implementation of the Canberra Central Program with the objective of reinforcing the City’s role as the hub of Canberra’s civic, commercial, retail and cultural life;
–	continuing to co-ordinate land release planning and infrastructure delivery to ensure the Territory is able to satisfy demand for new land; and
–	completing the evaluation of the Garden City Provisions.
Business and Corporate Strategies
Commencing in 2004‑05, the Authority embarked upon a project to reform the planning and land administration system.  The Authority will continue to implement reform proposals as agreed to by Government during 2006‑07.  The key areas of focus will be on completing the restructure of the Territory Plan, developing an evaluation and monitoring system to assess the impact of implementing reform proposals, and implementing concessional lease reforms.
Preparation of the annual Land Supply Strategy will provide a context for the preparation by the Land Development Agency of a Land Sales Program.  The strategy will also provide a framework to consider the allocation of land for community purposes and the delivery of various social policy outcomes. 
The Authority will update its corporate and business plans to better reflect current priorities and to align with changes arising from the Government’s administrative amendments.  In addition, business risk profiles will be reviewed to ensure that appropriate mitigation strategies are being applied.  The Authority’s Audit Committee will continue to oversee the risk management framework, ensuring that the governance model adopted by the Authority delivers efficient and effective services to the Government and the community.

Estimated Employment Level
	2005‑06
Est. Outcome	2006‑07
Budget	
			
Staffing (Headcount)	329	298	

Output Classes
	Total Cost2
	Government Payment for Outputs	
	2005‑06
Est. Outcome
$’000	2006‑07
Budget
$’000	2005‑06
Est. Outcome
$’000	2006‑07
Budget
$’000	
Output Class 1: 
ACT Planning and Land Authority					
Output 1.1:
ACT Planning and Land Authority1	47,417	60,307	34,627	35,851 	
Notes:
1.	The Output Class ACT Planning and Land Authority in the 2006‑07 Budget replaces Output Class 1 in the 2005‑06 Budget, Planning, Regulation and Land.
2.	The 2005‑06 estimated outcome includes depreciation and amortisation of $0.625 million and the 2006‑07 Budget includes depreciation and amortisation of $0.485 million.
Output Description
The Authority will provide for:
•	high quality professional services in strategic and land planning;
•	development and building regulation (including leasehold management) with the overarching objective of promoting sustainable, attractive, safe and well-designed urban, residential and rural environments in the ACT; and
•	planning for land release.

Strategic Indicators
Strategic Indicator 1
Deliver spatial planning outcomes for the Territory that contribute to a sustainable community
This will be achieved through the implementation of the goals and objectives underpinning the Canberra Spatial Plan and the Sustainable Transport Plan.  The Canberra Spatial Plan makes provision for periodic monitoring and review of progress.  The first review has been completed.  Progress against both plans will be reported in respect to key project achievements over time.
The key deliverables during 2006‑07 will include:
•	continued implementation of the Canberra Central program;
•	preparation of planning principles for the development of East Lake;
•	completion of the Preliminary Assessment and proposed Structure Plan for the Molonglo Valley;
•	completion of the Preliminary Assessment of the preferred routes for a Belconnen to City Transitway; and
•	complete the evaluation of the Garden City Provisions.

Strategic Indicator 2
Effective Regulatory Systems
An effective planning and land administration system is vital to the vision for a beautiful, well designed, and sustainable Canberra and to the future of the ACT.  
Recognising that some components of the system were not operating effectively, some were unnecessarily complex, and some lacked transparency, the Government launched the Planning System Reform Project in December 2004.
The reform process aims to provide a planning system that achieves the following specific objectives:
•	clarity of purpose and intent;
•	timely decision-making;
•	more certainty and consistency;
•	provision for innovative urban design;
•	contribution to the achievement of sustainability;
•	provision of appropriate opportunities for community engagement in the planning process;
•	enhanced administration of the leasehold system so that it continues to contribute positively to the development of the Territory; and
•	increased operational efficiency, through integrated development, building and impact assessment processes, and reduced administrative complexity and duplication.
Since the inception of the project in December 2004, a number of achievements have been made, including:
•	development, publishing,  printing and release  of a Directions Paper and four technical papers on the Planning System Reform Project in May 2005;
•	a six week public and stakeholder consultation program, analysis of the comments received at meetings and formally in submissions and the preparation of a government response document; and
•	draft legislation preparation now commencing circulation amongst agencies, seeking approval to release as an exposure draft bill in June 2006.
It is anticipated that legislative changes will be introduced in the fourth quarter of 2006, with implementation in 2007.  During the remainder of 2006, it is intended that baseline data will be established from relevant information held by the Authority with a view to ensuring that a comprehensive monitoring system is implemented with the reforms.

Strategic Indicator 3
Planning for land release and coordinated infrastructure provision
The Authority contributes to a whole of government Urban Development Program for a 10‑year period, and the preparation of a 5-year residential, community and commercial Land Supply Strategy.
In doing so, a key priority is the availability of land for the Land Development Agency to meet community demand. It is considered that at a minimum, a supply of planned land for 5000 dwellings should be available for release at any point in time to meet market fluctuations.

Accountability Indicators
	2005‑06
Targets	2005‑06
Est. Outcome	2006‑07
Target	
Output Class 1: ACT Planning and Land Authority1	
Output 1.1: ACT Planning and Land Authority				
				
Regulatory Services
a.	Percentage of audits/investigations undertaken in respect to:
-	building applications lodged
-	new electrical installations
-	new sewage connections
-	new commercial gas installations²

b.	Development Applications assessed within statutory timeframes
-	single dwellings applications
-	other Development Applications

c.	Percentage of Development Application appeals resolved by mediation3

d.	Percentage of Administrative Appeals Tribunal decisions that support the Authority’s position4	

10%
100%
100%
n/a

90%
75%

50%

100%	

10%
100%
100%
n/a

85%
80%

33%

89%

10%
100%
100%
50%

85%
75%

35%

85%	
				
Planning and Strategic Deliverables
a.	Percentage of stage 2 of the Molonglo Valley planning investigations completed

b.	Complete feasibility studies into:
-	Western broadacre major infrastructure
-	City Hill, Constitution and Edinburgh Ave and Lake Burley Griffin connections
-	Complete forward design of the Belconnen to Civic busway6

c.	Complete the Preliminary Assessment and proposed structure plan for the Molonglo Valley2

d.	Complete the preparation of planning principles for the development of East Lake2

e.	Complete the Preliminary Assessment of the preferred routes for a Belconnen to City Transitway2,5
	
100%
Completed

100%
100%

100%

n/a

n/a

n/a	
100%
Completed

100%
100%

75%

n/a

n/a

n/a	
n/a

n/a
n/a

n/a

100%

100%

100%	
				
Customer Satisfaction
a.	Community awareness of the Authority, planning processes and functions shows an increasing trend	
Increasing Positive Results
	
75%	
78%

Accountability Indicators cont.
	2005‑06
Targets	2005‑06
Est. Outcome	2006‑07
Target	
Output Class 1: ACT Planning and Land Authority1 cont.	
				
Land Supply
a.	Minimum number of blocks in the ‘land bank’ available for development to meet the land release program	

5,000	

5,000	

5,000	
				
Fiscal Responsibility
a.	Total cost of services is in accordance with Budget	

$58,033	

 $47,417	

$60,307	

Notes:
1.	This output class replaces Output Class 1 Planning, Regulation and Land in the 2005‑06 Budget.
2.	New measure.
3.	A higher number of appeals were unresolved by mediation than was anticipated.
4.	The decisions of the AAT do not, in all cases, support the assessment of the Authority.
5.	The Preliminary Assessment for the Belconnen to City Transitway is now scheduled for completion at the end of June 2006, due to extended public consultation.  
6.	Rescoping of the project to conclude after preliminary assessment is undertaken.

Changes to Appropriation
Changes to Appropriation - Departmental						
 	2005-06	2006-07	2007-08	2008-09	2009-10	
Government Payment for Outputs	Est. Outc.	Budget	Estimate	Estimate	Estimate	
 	$'000	$'000	$'000	$'000	$'000	
						
2005-06 Budget	33,839	33,007	32,329	32,583	32,583	
						
2006-07 Budget Policy Adjustments						
Planning and Land System Reform 	 - 	585	 - 	 - 	 - 	

Commonwealth Grant - Regulation Reduction Incentive Fund	1,205	1,205	 - 	 - 	 - 	
2006-07 Budget Technical Adjustments						
Revised Indexation Parameters	 - 	 - 	 - 	 - 	286	
Transfer of the Land Management function	(326)	(330)	(170)	(170)	(170)	
Revised Superannuation Contribution Rates	 - 	1,848	1,848	1,848	1,848	

Transfer of Gas Inspector function from ACT WorkCover	177	310	315	320	326	
Rollover - National Travel Behaviour Change program	(218)	218	 - 	 - 	 - 	
Rollover - BASIX  Energy Rating System	(50)	50	 - 	 - 	 - 	
Consolidating Information Technology Services	 - 	(530)	(533)	(536)	(540)	
Consolidating Procurement Services	 - 	(50)	(74)	(74)	(74)	
Reducing Motor Vehicle Expenses	 - 	(35)	(48)	(54)	(55)	

Consolidating Human Resources and Finance Functions	 - 	(1,062)	(2,200)	(2,276)	(2,355)	
Rationalising Boards and Committees	 - 	(100)	(200)	(200)	(200)	
City Heart Levy- Associated Expenditure	 - 	600	1,200	1,200	1,200	
Reducing General Procurement	 - 	(59)	(121)	(124)	(127)	
City Section 6 Paving	-	194	-	-	-	
						
2006-07 Budget	34,627	35,851	32,346	32,517	32,722	

Changes to Appropriation - Departmental						
 	2005-06	2006-07	2007-08	2008-09	2009-10	
Capital Injections	Est. Outc.	Budget	Estimate	Estimate	Estimate	
 	$'000	$'000	$'000	$'000	$'000	
						
2005-06 Budget	24,874	4,136	300	300	300	
						
2006-07 Budget Policy Adjustments						
Woden Town Centre Willbow and Easty Streets	 - 	200	 - 	 - 	 - 	
Bonython West Infrastructure	 - 	200	 - 	 - 	 - 	
Molonglo Valley Access Roads and Bridge	 - 	350	 - 	 - 	 - 	
2006-07 Budget Technical Adjustments						
City West Childers Street	(4,000)	4,000	 - 	 - 	 - 	
Belconnen Bus Interchange	(2,882)	2,882	 - 	 - 	 - 	
Sustainable Transport	(1,500)	1,500	 - 	 - 	 - 	

Return of Surplus Real Time Information Capital Injection	(2,630)	(3,536)	 - 	 - 	 - 	

Return of Surplus Sustainable Transport Capital Injection	(870)	 - 	 - 	 - 	 - 	
						
2006-07 Budget	12,992	9,732	300	300	300	

2006‑07 Capital Works Program

Departmental
 	Estimated	Estimated	2006‑07	2007-08	2008-09	Expected 	
	Total	Expenditure	Financing	Financing	Financing	Completion 	
	Cost	Pre 2006‑07				Date  	
 	$’000	$’000	$’000	$’000	$’000	 	
							
New Capital Works							
 	 	 	 	 	 	 	
New Works							
							
Land Release							
Woden Town Centre Wilbow and Easty 	Streets	200	-	200	-	-	Jun 2007	
Bonython West Infrastructure	200	-	200	-	-	Jun 2007	
Molonglo Valley Access Roads and Bridge	350	-	350	-	-	Jun 2007	
							
Total New Works	750	-	750	-	-	 	
							
Capital Upgrades							
Capital Upgrade Funding	300	-	300				
							
Total Capital Upgrades	300	-	300				
							
Total New Capital Works	1,050	-	1,050	-	-	 	
 	 	 	 	 	 	 	
Works in Progress							
							
Land Release							
Belconnen Town Centre Infrastructure	3,000	118	2,882	-	-	Apr 2007	
							
Canberra Central							
City West Infrastructure stage 1 – Childers Street Precinct	6,000	2,000	4,000	-	-	Jun 2007	
							
Trunk Infrastructure Development – Augmentation							
Gundaroo Drive Water Main	1,800	1,500	300	-	-	Jun 2007	
							
Sustainable Transport							
Sustainable transport Initiative – Stage 1	5,130	3,630	1,500	-	-	Jun 2007	
							
Total Works in Progress	15,930	7,248	8,682	  -	  -	 	
							
Total Departmental Capital Works	16,980	7,248	9,732	-	-	 	

Commonwealth Grants
The major Commonwealth payments for which this Portfolio has responsibility is:
Name of Grant
	Activities Funded by Grant
	2006‑07
Estimate
$’000

Regulation Reduction Incentive Fund Program	
This grant will develop an electronic Development and Building System that will generate significant regulatory compliance cost reductions to small and home based businesses in the land development and building sectors that operate within the greater ACT region	
1,205

National Travel Behaviour Change	
Participation in a national travel behaviour change program aimed at achieving an enduring change in transport modes used by urban travellers.	
30	

Total
		
1,235

ACT Planning and Land 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								
33,839		Government Payment for Outputs	34,627	35,851	4	32,346	32,517	32,722		
1,665		User Charges - Non ACT Government	1,827	1,927	5	1,974	2,021	2,072		
527		User Charges - ACT Government	374	404	8	413	423	434		
200		Interest	170	0	-100	0	0	0		
47		Other Revenue	47	48	2	49	50	51		
614		Resources Received free of charge	731	731	-	732	733	748		
36,892		Total Revenue	37,776	38,961	3	35,514	35,744	36,027		
		Gains								
0		Total Gains	0	0	-	0	0	0		
36,892		Total Income	37,776	38,961	3	35,514	35,744	36,027		
		Expenses								
20,308		Employee Expenses	19,576	18,528	-5	17,423	17,338	17,247		
3,431		Superannuation Expenses	3,770	5,449	45	5,253	5,248	5,242		
12,665		Supplies and Services	12,825	15,069	17	12,085	12,347	12,638		
625		Depreciation and Amortisation	625	485	-22	99	10	0		
21,004		Other Expenses	10,621	20,776	96	723	724	739		
58,033		Total Ordinary Expenses	47,417	60,307	27	35,583	35,667	35,866		
-21,141		Operating Result	-9,641	-21,346	-121	-69	77	161		

ACT Planning and Land 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								
189		Cash	3,823	1,709	-55	1,839	2,073	2,378		
1,000		Receivables	725	725	-	725	725	725		
204		Other	255	255	-	255	255	255		
1,393		Total Current Assets	4,803	2,689	-44	2,819	3,053	3,358		
		Non Current Assets								
5,095		Property, Plant and Equipment	4,344	3,770	-13	3,663	3,650	3,650		
12,704		Capital Works in Progress	12,966	2,838	-78	3,138	3,438	3,738		
17,799		Total Non Current Assets	17,310	6,608	-62	6,801	7,088	7,388		
19,192		TOTAL ASSETS	22,113	9,297	-58	9,620	10,141	10,746		
		Current Liabilities								
2,289		Payables	2,107	1,957	-7	1,907	1,907	1,907		
3,127		Employee Benefits	3,390	3,200	-6	3,342	3,486	3,630		
0		Other	308	308	-	308	308	308		
5,416		Total Current Liabilities	5,805	5,465	-6	5,557	5,701	5,845		
		Non Current Liabilities								
3,705		Employee Benefits	3,847	3,529	-8	3,529	3,529	3,529		
3,705		Total Non Current Liabilities	3,847	3,529	-8	3,529	3,529	3,529		
9,121		TOTAL LIABILITIES	9,652	8,994	-7	9,086	9,230	9,374		
10,071		NET ASSETS	12,461	303	-98	534	911	1,372		
		REPRESENTED BY FUNDS EMPLOYED								
10,065		Accumulated Funds	11,561	-597	-105	-366	11	472		
6		Reserves	900	900	-	900	900	900		
10,071		TOTAL FUNDS EMPLOYED	12,461	303	-98	534	911	1,372		

ACT Planning and Land 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								
33,839		Cash from Government for Outputs	34,627	35,851	4	32,346	32,517	32,722		
2,517		User Charges	2,526	2,656	5	2,712	2,769	2,831		
200		Interest Received	170	0	-100	0	0	0		
1,396		Other Revenue	1,435	1,433	..	1,452	1,452	1,486		
37,952		Operating Receipts	38,758	39,940	3	36,510	36,738	37,039		
		Payments								
23,500		Related to Employees	23,107	24,485	6	22,534	22,442	22,345		
13,251		Related to Supplies and Services	13,441	14,920	11	12,421	12,632	12,923		
1,378		Other	1,387	1,415	2	1,433	1,433	1,466		
38,129		Operating Payments	37,935	40,820	8	36,388	36,507	36,734		
-177		NET CASH INFLOW/(OUTFLOW) FROM OPERATING ACTIVITIES	823	-880	-207	122	231	305		
		CASH FLOWS FROM INVESTING ACTIVITIES								
		Payments								
24,892		Purchase of Property, Plant and Equipment	13,010	9,837	-24	292	297	300		
24,892		Investing Payments	13,010	9,837	-24	292	297	300		
-24,892		NET CASH INFLOW/(OUTFLOW) FROM INVESTING ACTIVITIES	-13,010	-9,837	24	-292	-297	-300		
		CASH FLOWS FROM FINANCING ACTIVITIES								
		Receipts								
24,874		Capital Injection from Government	12,992	9,732	-25	300	300	300		
24,874		Financing Receipts	12,992	9,732	-25	300	300	300		
		Payments								
0		Distributions to Government	0	1,129	#	0	0	0		
0		Financing Payments	0	1,129	#	0	0	0		
24,874		NET CASH INFLOW/(OUTFLOW) FROM FINANCING ACTIVITIES	12,992	8,603	-34	300	300	300		
-195		NET INCREASE/(DECREASE) IN CASH HELD	805	-2,114	-363	130	234	305		
384		CASH AT BEGINNING OF REPORTING PERIOD	3,018	3,823	27	1,709	1,839	2,073		
189		CASH AT THE END OF THE REPORTING PERIOD	3,823	1,709	-55	1,839	2,073	2,378		

ACT Planning and Land 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		
6,338		Opening Balance	7,968	12,461	56	303	534	911		
		Accumulated Funds								
-21,141		Operating Result for the Period	-9,641	-21,346	-121	-69	77	161		
		Reserves								
0		Increase/(Decrease) in other reserves	900	0	-100	0	0	0		
-21,141		Total Income And Expense For The Period	-8,741	-21,346	-144	-69	77	161		
		Transactions Involving Equity Holders Affecting Accumulated Funds								
24,874		Capital Injections	12,992	9,732	-25	300	300	300		
0		Capital (Distributions)	0	-1,129	#	0	0	0		
0		Inc/Dec in Net Assets due to Admin Restructure	242	585	142	0	0	0		
10,071		Closing Balance	12,461	303	-98	534	911	1,372		
Notes to the Budget Statements
Significant variations are as follows:
Operating Statement
•	government payments for outputs:  
–	the increase of $0.788 million in the 2005‑06 estimated outcome from the original budget is mainly due to additional Commonwealth grant funding ($1.205 million) and the transfer of the Gas Inspectorate function from ACT WorkCover ($0.117 million), 
offset by:
–	the transfer of the Land Management Function to the Department of Territorial and Municipal Services ($0.326 million) and the rollover of funded initiatives to 2006‑07 ($0.268 million); 
–	the increase of $1.224 million in the 2006‑07 Budget from the 2005‑06 estimated outcome is primarily due to increases in funding to meet increased notional superannuation contribution rates and additional Commonwealth grant funding, offset by savings;
•	interest:  the decrease of $0.170 million in the 2006‑07 Budget from the 2005‑06 estimated outcome is due to cash management reforms.
•	employee and superannuation expenses:  
–	the decrease of $0.393 million in the 2005‑06 estimated outcome from the original budget is due to underspends on salaries;
–	the increase of $0.631 million in the 2006‑07 Budget from the 2005‑06 estimated outcome is due to increased notional superannuation contribution rates ($1.679 million) offset by a decrease in employee expenses mainly due to the consolidation of IT, human resources and finances into the Shared Services Centre ($1.048 million);
•	supplies and services:  the increase of $0.160 million in the 2005‑06 estimated outcome from the original budget is due to the transfer of functions from other agencies. The increase of $2.244 million in the 2006‑07 Budget from the 2005‑06 estimated outcome is primarily due to the Planning and Land system reform initiative onpassing of the City Heart Levy and the Regulation Reduction Incentive Fund; and
•	other expenses:  the decrease of $10.383 million in the 2005‑06 estimated outcome from the original budget is due to delays in completing and transferring completed capital works.  The increase of $10.155 million in the 2006‑07 Budget from the 2005‑06 estimated outcome reflects the deferred completion of the capital works program.
Balance Sheet
•	cash:  the increase of $3.634 million in the 2005‑06 estimated outcome from the original budget reflects the balances required to be held to meet the Authority’s short‑term financial obligations. The decrease of $2.114 million in the 2006‑07 Budget from the 2005‑06 estimated outcome reflects cash management reforms;
•	property, plant and equipment:  the decrease of $0.751 million in the 2005‑06 estimated outcome from the original budget is primarily due to the transfer of Phillip Oval to the Department of Territorial and Municipal Services;
•	capital works in progress:  the increase of $0.262 million in the 2005‑06 estimated outcome from the original budget reflects the delays in completing some capital works projects. The decrease of $10.128 million in the 2006‑07 Budget from the 2005‑06 estimated outcome reflects completion of capital works projects and a smaller program; and
•	current and non current employee benefits:  the increase of $0.405 million in the 2005‑06 estimated outcome from the original budget relates to the increase in the wage accruals at year end.  The decrease of $0.508 million in the 2006‑07 Budget from the 2005‑06 estimated outcome is due to staff reductions and the transfer of functions to other agencies.
Statement of Changes in Equity
•	capital injections:  the decrease of $11.882 million in the 2005‑06 estimated outcome from the original budget is due to some capital works projects not being undertaken in 2005‑06, some of which will be rolled over into 2006‑07. The decrease of $3.260 million in the 2006‑07 Budget to the 2005‑06 estimated outcome reflects a smaller capital works program.

ACT Planning and Land Authority	
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								
11,326		Taxes Fees and Fines	17,826	12,945	-27	13,379	13,830	14,398		
140		Grants from the Commonwealth	140	30	-79	30	0	0		
3,450		Other Revenue	85,785	0	-100	0	0	0		
14,916		Total Revenue	103,751	12,975	-87	13,409	13,830	14,398		
		Gains								
0		Total Gains	0	0	-	0	0	0		
14,916		Total Income	103,751	12,975	-87	13,409	13,830	14,398		
		Expenses								
140		Other Expenses	3,640	30	-99	30	0	0		
14,776		Transfer Expenses	103,611	12,945	-88	13,379	13,830	14,398		
14,916		Total Ordinary Expenses	107,251	12,975	-88	13,409	13,830	14,398		
0		Operating Result	-3,500	0	100	0	0	0		

ACT Planning and Land Authority	
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								
1,121		Cash	3,493	2,493	-29	2,493	2,493	2,493		
705		Receivables	672	0	-100	0	0	0		
1,826		Total Current Assets	4,165	2,493	-40	2,493	2,493	2,493		
		Non Current Assets								
3,231		Receivables	44,406	0	-100	0	0	0		
35,364		Property, Plant and Equipment	48,731	0	-100	0	0	0		
38,595		Total Non Current Assets	93,137	0	-100	0	0	0		
40,421		TOTAL ASSETS	97,302	2,493	-97	2,493	2,493	2,493		
		Current Liabilities								
1,826		Payables	3,284	2,493	-24	2,493	2,493	2,493		
0		Other	632	0	-100	0	0	0		
1,826		Total Current Liabilities	3,916	2,493	-36	2,493	2,493	2,493		
		Non Current Liabilities								
0		Payables	44,656	0	-100	0	0	0		
0		Total Non Current Liabilities	44,656	0	-100	0	0	0		
1,826		TOTAL LIABILITIES	48,572	2,493	-95	2,493	2,493	2,493		
38,595		NET ASSETS	48,730	0	-100	0	0	0		
		REPRESENTED BY FUNDS EMPLOYED								
38,595		Accumulated Funds	32,063	0	-100	0	0	0		
0		Reserves	16,667	0	-100	0	0	0		
38,595		TOTAL FUNDS EMPLOYED	48,730	0	-100	0	0	0		

ACT Planning and Land Authority	
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								
11,326		Taxes, Fees and Fines	17,826	12,945	-27	13,379	13,830	14,398		
140		Grants Received from the Commonwealth	140	30	-79	30	0	0		
3,523		Other Revenue	44,523	3	-100	3	3	93		
14,989		Operating Receipts	62,489	12,978	-79	13,412	13,833	14,491		
		Payments								
73		Other	73	3	-96	3	3	5		
14,916		Territory Receipts to Government	62,416	12,975	-79	13,409	13,830	14,486		
14,989		Operating Payments	62,489	12,978	-79	13,412	13,833	14,491		
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	-1,000	#	0	0	0		
0		Financing Receipts	0	-1,000	#	0	0	0		
0		NET CASH INFLOW/(OUTFLOW) FROM FINANCING ACTIVITIES	0	-1,000	#	0	0	0		
0		NET INCREASE/(DECREASE) IN CASH HELD	0	-1,000	#	0	0	0		
1,121		CASH AT BEGINNING OF REPORTING PERIOD	3,493	3,493	-	2,493	2,493	2,493		
1,121		CASH AT THE END OF THE REPORTING PERIOD	3,493	2,493	-29	2,493	2,493	2,493		

ACT Planning and Land Authority	
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		
38,595		Opening Balance	52,230	48,730	-7	0	0	0		
		Accumulated Funds								
0		Operating Result for the Period	-3,500	0	100	0	0	0		
		Reserves								
0		Increase/(Decrease) in asset revaluation reserve	0	-16,667	#	0	0	0		
0		Total Income And Expense For The Period	-3,500	-16,667	-376	0	0	0		
		Transactions Involving Equity Holders Affecting Accumulated Funds								
0		Inc/Dec in Net Assets due to Admin Restructure	0	-32,063	#	0	0	0		
38,595		Closing Balance	48,730	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
•	taxes, fees and fines:  the increase of $6.5 million in the 2005‑06 estimated outcome from the original budget is largely due to higher than expected change of use charges.  The decrease of $4.881 million in the 2006‑07 Budget from the 2005‑06 estimated outcome reflects the expect return to normal levels of change of use charge; 
•	land revenue:  the increase of $82.335 million in the 2005‑06 estimated outcome from the original budget reflects the sale of land to the Land Development Agency at market value ($79.33million) and unbudgeted land rent payouts ($3 million). The decrease of $79.335 million in the 2006‑07 Budget from the 2005‑06 estimated outcome reflects the decision to transfer the sale of land function and the land rent function to the Department of Territorial and Municipal Services;
•	other expenses:  the increase of $3.5 million in the 2005‑06 estimated outcome from original budget is due to the loss on disposal of the Convention Centre;
•	transfer expenses:  the increase of $88.835 million in the 2005‑06 estimated outcome from original budget is due to the sale of land to the LDA at market value from 2005‑06 ($79.335 million), unbudgeted land rent payouts ($3 million) and additional fees collected ($6.5 million).