Cultural facilities corporation
Objectives 
The Cultural Facilities Corporation’s (the Corporation) vision is to be a cultural leader in the ACT community and region.  Its primary objective is to enrich the cultural life of people living in, and visiting, the ACT and region by managing its facilities and delivering its programs in a creative, professional, and business‑like manner.
The Corporation aims to provide cultural leadership, excellence and innovation and to promote community involvement in activities at the Corporation’s facilities.
2006‑07 Priorities 
Strategic and operational issues to be pursued in 2006‑07 include:
•	maximising visitation to, and patronage of, the Corporation’s facilities through a wide range of visual arts, social history and performing arts programs including targeted audience development and community outreach, in order to achieve a target of 323,500 visitors and patrons;
•	presenting exhibitions, education and public programs at the Canberra Museum and Gallery, the Nolan Gallery and the Historic Places, with involvement in significant festivals such as the 2007 National Multicultural Festival in Canberra;
•	presenting a varied program of performing arts productions at the Canberra Theatre Centre;
•	undertaking a package of works to improve access to the Canberra Theatre Centre for people with disabilities, including the provision of additional lifts;
•	undertaking a range of other improvements to facilities managed by the Corporation, including a package of conservation works at the Historic Places; and
•	completing the construction of the Civic Library and Link Project in order to develop improved library and theatre patron facilities and to enhance the Civic Square cultural precinct.

Output Classes
	Total Cost1
	Government Payment for Outputs	
	2005‑06
Est. Outcome
($’000)	Budget
2006‑07
($’000)	2005‑06
Est. Outcome
($’000)	Budget
2006‑07
($’000)	
Output Class 1:
Cultural Facilities Management	12,256	11,993	n/a	6,410	
Output 1.1:
Cultural Facilities Corporation	12,256	11,993	n/a	6,410	
Notes:
1	Total cost includes depreciation of $1.396 million in 2005‑06 and depreciation of $1.554 million in 2006‑07.
Output Description
The Cultural Facilities Corporation manages a number of the ACT’s major cultural assets, comprising:
•	the Canberra Theatre Centre;
•	the Canberra Museum and Gallery and the Nolan Gallery; and
•	the Historic Places (Lanyon, Calthorpe's House and Mugga Mugga).
In managing these facilities, the Corporation provides a range of cultural services to the community through the provision of activities (performing arts presentations, exhibitions, education programs, public programs and other events) at each site, and through the conservation and interpretation of the Historic Places.

Strategic Indicators 

Strategic Indicator 1 
Provision of cultural leadership, excellence and innovation
The Corporation seeks to be recognised as promoting cultural leadership in the ACT, including through the development of strategic partnerships.
The Corporation also seeks to ensure that the activities and programs at its facilities are recognised for their excellence, innovation, and diversity.

Strategic Indicator 2
Promotion of community involvement in activities at Corporation facilities
The Corporation seeks to develop increased awareness of its facilities and activities amongst the ACT community and visitors to Canberra, and to ensure a strong community orientation, with proud and willing community support.
The Corporation also seeks to maintain and, where possible, to increase visitation to its facilities and participation in its programs, whilst recognising and balancing this with its cultural responsibilities, especially with regard to conservation.
In addition, the Corporation seeks to contribute to Canberra’s economic development and attractiveness as both a business and tourist destination.

Accountability Indicators 
	2005‑06
Targets	2005‑06¹
Est. Outcome	2006‑07
Targets	
Output Class 1: Cultural Facilities Management	
Output 1.1: Cultural Facilities Corporation	
				
a.	Number of visitors/patrons to facilities	n/a	329,500	323,500	
b.	Number of exhibitions at facilities managed by the Corporation	n/a	33	32	
c.	Number of education and public programs at facilities managed by the Corporation	n/a	485	485	
d.	Number of days venue usage at the Canberra Theatre Centre’s venues	n/a	430	430	
e.	Customer satisfaction with quality of services provided by the Corporation, as measured by annual survey	n/a	80%	80%	
f.	Cost to Government per visitor/patron to facilities managed by the Corporation	n/a	$21.11	$19.81	
g.	Own sourced revenue as a proportion of total revenue for the Corporation	n/a	36%	36%	
				
Note:
1	The 2005‑06 estimated outcome is included for comparative purposes only.  These accountability indicators are included in the 2006‑07 Budget for the first time.

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	 - 	 - 	 - 	 - 	 - 	
						
2006-07 Budget Policy Adjustments						
Canberra Theatre Centre Access Improvements	 - 	 - 	17	17	17	
Consolidating Information Technology Services	 - 	(81)	(81)	(82)	(82)	
Reducing General Procurement	 - 	(23)	(48)	(50)	(51)	
Consolidating Human Resources and Finance Functions	 - 	(28)	(67)	(67)	(67)	
Reducing Motor Vehicle Expenses	 - 	(6)	(9)	(11)	(11)	
General Savings	 - 	(500)	(500)	(500)	(500)	
2006-07 Budget Technical Adjustments						
Direct Appropriation of GPO	 - 	6,862	7,001	7,145	7,279	
Increased Notional Superannuation Contribution Rates	 - 	186	186	186	186	
						
2006-07 Budget	 - 	6,410	6,499	6,638	6,771	

						

						
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	 - 	 - 	 - 	 - 	 - 	
						
2006-07 Budget Policy Adjustments						
Canberra Theatre Centre Access Improvements	 - 	1,467	 - 	 - 	 - 	
2006-07 Budget Technical Adjustments						
Direct Appropriation of Capital Injection	 - 	300	300	300	300	
Rollover - Library Link	 - 	1,494	 - 	 - 	 - 	
						
2006-07 Budget	 - 	3,261	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							
Canberra Theatre Centre Access    	Improvements	  1,467	-	  1,467			Jun 2007	
							
Total New Construction Works	1,467	-	  1,467			 	
							
Capital Upgrades							
Capital Upgrade Funding	  300	-	  300				
							
Total Capital Upgrades	300		300				
							
Total New Capital Works	 1,767	-	  1,767			 	
 	 	 	 	 	 	 	
Works in Progress							
Civic Library Link	  15,407	  13,913	 1,494			Oct 2006	
							
Total Works in Progress	  15,407   	  13,913   	  1,494   			 	
	 	 	 	 	 		
Total Departmental Capital Works	  17,174   	  13,913   	  3,261   	   		 	

Cultural Facilities 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								
0		Government Payment for Outputs	0	6,410	#	6,499	6,638	6,771		
3,917		User Charges - Non ACT Government	3,760	3,720	-1	3,749	3,754	3,858		
6,862		User Charges - ACT Government	6,955	248	-96	457	457	457		
114		Interest	114	120	5	105	100	100		
0		Other Revenue	54	0	-100	0	0	0		
0		Resources Received free of charge	0	39	#	39	39	39		
10,893		Total Revenue	10,883	10,537	-3	10,849	10,988	11,225		
		Gains								
0		Total Gains	0	0	-	0	0	0		
10,893		Total Income	10,883	10,537	-3	10,849	10,988	11,225		
		Expenses								
5,138		Employee Expenses	5,192	4,823	-7	4,690	4,752	4,818		
560		Superannuation Expenses	560	702	25	679	680	685		
5,111		Supplies and Services	5,047	4,853	-4	5,206	5,282	5,448		
1,396		Depreciation and Amortisation	1,396	1,554	11	1,694	1,694	1,694		
61		Other Expenses	61	61	-	61	61	61		
12,266		Total Ordinary Expenses	12,256	11,993	-2	12,330	12,469	12,706		
-1,373		Operating Result	-1,373	-1,456	-6	-1,481	-1,481	-1,481		

Cultural Facilities 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								
1,025		Cash	816	784	-4	886	988	1,090		
298		Receivables	519	520	..	521	522	523		
123		Inventories	111	111	-	111	111	111		
6		Other	21	21	-	21	21	21		
1,452		Total Current Assets	1,467	1,436	-2	1,539	1,642	1,745		
		Non Current Assets								
18,309		Property, Plant and Equipment	20,422	35,082	72	33,838	32,594	31,350		
14,778		Capital Works in Progress	12,803	0	-100	0	0	0		
33,087		Total Non Current Assets	33,225	35,082	6	33,838	32,594	31,350		
34,539		TOTAL ASSETS	34,692	36,518	5	35,377	34,236	33,095		
		Current Liabilities								
615		Payables	278	278	-	278	278	278		
542		Employee Benefits	423	420	-1	460	499	538		
0		Other	55	55	-	55	55	55		
1,157		Total Current Liabilities	756	753	..	793	832	871		
		Non Current Liabilities								
513		Employee Benefits	553	519	-6	519	520	521		
513		Total Non Current Liabilities	553	519	-6	519	520	521		
1,670		TOTAL LIABILITIES	1,309	1,272	-3	1,312	1,352	1,392		
32,869		NET ASSETS	33,383	35,246	6	34,065	32,884	31,703		
		REPRESENTED BY FUNDS EMPLOYED								
29,933		Accumulated Funds	28,606	30,469	7	29,288	28,107	26,926		
2,936		Reserves	4,777	4,777	-	4,777	4,777	4,777		
32,869		TOTAL FUNDS EMPLOYED	33,383	35,246	6	34,065	32,884	31,703		

Cultural Facilities 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								
0		Cash from Government for Outputs	0	6,410	#	6,499	6,638	6,771		
10,791		User Charges	10,781	3,980	-63	4,218	4,223	4,327		
114		Interest Received	114	120	5	105	100	100		
1,392		Other Revenue	1,392	492	-65	505	505	506		
12,297		Operating Receipts	12,287	11,002	-10	11,327	11,466	11,704		
		Payments								
5,681		Related to Employees	5,728	5,504	-4	5,329	5,392	5,463		
5,113		Related to Supplies and Services	5,056	4,823	-5	5,176	5,252	5,418		
1,457		Other	1,457	557	-62	570	570	571		
12,251		Operating Payments	12,241	10,884	-11	11,075	11,214	11,452		
46		NET CASH INFLOW/(OUTFLOW) FROM OPERATING ACTIVITIES	46	118	157	252	252	252		
		CASH FLOWS FROM INVESTING ACTIVITIES								
		Payments								
9,775		Purchase of Property, Plant and Equipment	8,281	3,411	-59	450	450	450		
9,775		Investing Payments	8,281	3,411	-59	450	450	450		
-9,775		NET CASH INFLOW/(OUTFLOW) FROM INVESTING ACTIVITIES	-8,281	-3,411	59	-450	-450	-450		
		CASH FLOWS FROM FINANCING ACTIVITIES								
		Receipts								
9,807		Capital Injection from Government	8,313	3,261	-61	300	300	300		
9,807		Financing Receipts	8,313	3,261	-61	300	300	300		
9,807		NET CASH INFLOW/(OUTFLOW) FROM FINANCING ACTIVITIES	8,313	3,261	-61	300	300	300		
78		NET INCREASE/(DECREASE) IN CASH HELD	78	-32	-141	102	102	102		
947		CASH AT BEGINNING OF REPORTING PERIOD	738	816	11	784	886	988		
1,025		CASH AT THE END OF THE REPORTING PERIOD	816	784	-4	886	988	1,090		

Cultural Facilities 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		
24,435		Opening Balance	26,443	33,383	26	35,246	34,065	32,884		
		Accumulated Funds								
-1,373		Operating Result for the Period	-1,373	-1,456	-6	-1,481	-1,481	-1,481		
		Reserves								
-1,373		Total Income And Expense For The Period	-1,373	-1,456	-6	-1,481	-1,481	-1,481		
		Transactions Involving Equity Holders Affecting Accumulated Funds								
9,807		Capital Injections	8,313	3,261	-61	300	300	300		
0		Inc/Dec in Net Assets due to Admin Restructure	0	58	#	0	0	0		
32,869		Closing Balance	33,383	35,246	6	34,065	32,884	31,703		
Notes to the Budget Statements
Significant variations are as follows:
Operating Statement
•	government payments for outputs:  the increase of $6.410 million in the 2006‑07 Budget from the 2005‑06 estimated outcome reflects the direct appropriation arrangements from 1 July 2006;
•	user charges – ACT Government:  the decrease of $6.707 million in the 2006‑07 Budget from the 2005‑06 estimated outcome is mainly due to the revised funding arrangements from 1 July 2006 ($6.410 million) and the implementation of general savings across government, together with the impact of reducing motor vehicle expenses, reducing general procurement, and consolidating information technology services, procurement services, and human resource and finance functions ($0.545 million), partially offset by the expected rental revenue to be received from the Department of Territory and Municipal Services for the new Civic Library;
•	other revenue:  the increase in $0.054 million in the 2005‑06 estimated outcome from the original budget reflects the funding for voluntary redundancies;
•	employee expenses:  the decrease of $0.369 million in the 2006‑07 Budget from the 2005‑06 estimated outcome is primarily due to the implementation of general savings across government, together with the above mentioned consolidation of various services;
•	superannuation expenses:  the increase of $0.142 million in the 2006‑07 Budget from the 2005‑06 estimated outcome is mainly due to the increase in contribution rates from 1 July 2006; and
•	depreciation and amortisation:  the increase of $0.158 million in the 2006‑07 Budget from the 2005‑06 estimated outcome is primarily due to depreciation on the newly constructed Civic Library and Link, due for completion in October 2006.
Balance Sheet
•	property, plant and equipment:  the increase of $14.660 million in the 2006‑07 Budget from the 2005‑06 estimated outcome is primarily due to the newly constructed Civic Library and Link being transferred from Capital Works in Progress and the construction of access improvements to the Canberra Theatre Centre; 
•	capital works in progress:  the decrease of $12.803 million in the 2006‑07 Budget from the 2005‑06 estimated outcome is due to the completion of works relating to the Civic Library and Link; and
•	employee benefits (non‑current):  the decrease of $0.034 million in the 2006‑07 Budget from the 2005‑06 estimated outcome is primarily due to the implementation of general savings across government, together with the above mentioned consolidation of various services.