Economic development directorate
Purpose
The primary purpose of the Economic Development Directorate (the Directorate) is to work with the business community in relation to economic development and business support programs and to design and deliver the Government’s land release program.  The Directorate will lead the ACT and capital region tourism industry to create and implement a variety of marketing and development programs.  
The Directorate will also facilitate access to a range of sporting and recreation activities by managing sporting programs, venues, sportsgrounds and community events. 
2011-12 Priorities
Strategic and operational issues to be pursued in 2011-12 include:
•	reducing unmet demand for residential land by increasing residential land releases for the affordable and sustainable development of the ACT;
•	reducing house and unit price pressures;
•	optimising the Territory’s social, environmental and economic return from land releases through engagement with commercial, industrial, community and residential entities;
•	building an inventory of urban renewal opportunities;
•	continuing implementation of the Government Office Building in Civic and provision of Government office accommodation in Gungahlin;
•	continuing development of the National Arboretum Canberra;
•	delivering major tourist events, including Floriade, Floriade Nightfest, and Enlighten Autumn Festival;
•	managing business programs that support industry development, trade and investment activities and skilled and business migration;
•	upgrading major sporting facilities including the Canberra Stadium, Stromlo Forest Park, Manuka Oval and restoration of  sportsgrounds at Charnwood and Isabella Plains; and
•	delivering a range of tactical tourism marketing campaigns in partnership with the tourism industry.

Business and Corporate Strategies
The Directorate has a values-based culture and the benefit of a governance structure that provides clear accountability mechanisms supported by risk management, compliance and assurance systems.
The Directorate’s strategies include:
•	adopting effective and efficient procurement and management systems to deliver major strategic government projects;
•	working closely with the Sustainable Development Directorate to address unmet demand for land;
•	working with industry to strengthen the ACT economy;
•	strengthening relationships with the Commonwealth, other ACT Government directorates and industry organisations to improve land release outcomes; and
•	providing a productive work environment through effective leadership that develops staff capacity.
Estimated Employment Level
2009‑10
Actual Outcome 		2010-11
Budget
	2010-11
Est. Outcome	2011-12
Budget 
	
n/a	Staffing (FTE)	n/a	n/a	1791	
Note:
1.	The 2011-12 Budget includes 179 FTE’s which reflects new positions funded in the 2011‑12 Budget, as well as positions transferred under Administrative Arrangements.

Strategic Objectives and Indicators
Strategic Objective 1
Release Land to Meet Unmet Demand
The Directorate prepares the four-year residential, industrial and commercial land release strategy.  The Government’s objective is to meet unmet demand and to establish an inventory of land.  The 2011-12 Budget and forward estimates has increased residential land supply to provide for unmet demand and future inventory.

Strategic Indicator 1:  Dwelling Sites Released to Meet Land Release Program Targets.

Strategic Objective 2
Improving Housing Affordability
The Directorate is continuing to work with other agencies to implement the Government’s affordable housing policies.  The Government has increased the supply of affordable housing land releases as well as providing concessions to first home buyers and those on low incomes.
Strategic Indicator 2:  A Reduction in the Median House Price/Income Multiple.  
Strategic Objectives and Indicators cont.
Strategic Objective 3
Facilitating Timely Development and Delivery of Government Priority Projects
The Government has identified a number of significant strategic and capital works projects within Government and key private sector development initiatives that would benefit from central coordination by the Directorate. 
Key projects include:
•	National Arboretum Canberra;
•	Government Office Block; 
•	Land Release Capital Works;
•	Gungahlin Office Building; and
•	Narrabundah Long Stay Park.

Strategic Indicator 3:  Key Projects Delivered within Agreed Timeframes and Budgets, as per Budget Papers. 
Strategic Objective 4
Optimising Use of Government Accommodation
The Government’s objective is to optimise the triple bottom line outcomes of its accommodation portfolio. This includes delivering ongoing improvements in efficiency of existing buildings and consideration of locating future office space to achieve whole of government outcomes. 

Strategic Indicator 4:  A reduction across Government in Average Office Space per Employee.

Output Classes 
	Total Cost1	Government Payment for Outputs	
	2010-11
Est. Outcome
$’000	2011-12
Budget
$’000 	2010-11
Est. Outcome
$’000 	2011-12
Budget
$’000 	
Output Class 1:
Economic Development2	n/a	101,053	n/a	75,353	
Output 1.1:  Land Policy and Infrastructure Delivery2	n/a	17,212	n/a	16,114	
Notes:
1.	Total cost includes depreciation of $14.775 million in 2011-12.
2.	New Output Class and new Output 1.1.
Output Description
The Directorate will deliver or oversee the delivery of a diverse range of capital projects in collaboration with government agencies, the private sector and the community.
Land Policy and Infrastructure Delivery will:
•	manage whole of government capital projects;
•	coordinate activities across government to facilitate the delivery of private sector developments;
•	lead and coordinate the delivery of the Government’s land supply strategy; and
•	lead and coordinate the delivery of affordable housing policies.
	Total Cost	Government Payment for Outputs	
	2010-11
Est. Outcome
$’000	2011-12
Budget
$’000 	2010-11
Est. Outcome
$’000 	2011-12
Budget
$’000 	
Output 1.2:  Business and Industry Development1	n/a	8,339	n/a	7,841	
Note:
1.	This output and associated indicators were transferred to the Directorate from the Chief Minister’s Department.
Output Description
The Directorate will provide programs, initiatives and business policy advice to support strategic business and industry development in the ACT.
Business and Industry Development will:
•	deliver business programs and services;
•	manage relationships with key stakeholders in the ACT innovation system including universities, research organisations, commercialisation entities, business organisations and other government agencies;
•	deliver the Skilled and Business Migration Program;
•	support activities that promote the economic development of the broader capital region; and
•	participate actively in business and innovation policy forums, including Ministerial councils and other national business, innovation and science infrastructure forums.
	Total Cost	Government Payment for Outputs	
	2010-11
Est. Outcome
$’000	2011-12
Budget
$’000 	2010-11
Est. Outcome
$’000 	2011-12
Budget
$’000 	
Output 1.3:  Tourism, Venues and Events1	n/a	33,160	n/a	22,289	
Note:
1.	This output was transferred to the Directorate from the Chief Minister’s Department and the Department of Territory and Municipal Services.
Output Description
The creation and implementation of a range of marketing and development programs and activities to promote tourism and major events held in the ACT.   This includes promotion of the ACT as a tourism destination and the management and delivery of significant events such as Floriade and Floriade NightFest.   
This will also involve management and promotion of sporting and recreation events at major sporting and recreational venues including the Canberra Stadium, Manuka Oval, and Stromlo Forest Park.

	Total Cost	Government Payment for Outputs	
	2010‑11
Est. Outcome
$’000	2011‑12
Budget
$’000	2010‑11
Est. Outcome
$’000	2011‑12
Budget
$’000	
Output 1.4:  Sport and Recreation1	n/a	42,342	n/a	29,109	
Note:
1.	This output was transferred to the Directorate from the Department of Territory and Municipal Services. 
Output Description
The Directorate will develop programs, policies and legislation, provide grants, and create education and training opportunities to maintain and improve the capabilities of the sport and recreation sector in the Territory.  The Directorate will also manage and maintain sportsgrounds and facilities, and provide support services to high performance athletes in the ACT.

Accountability Indicators
	2010-11
Targets	2010-11
Est. Outcome	2011-12
Targets	
Output Class 1:  Economic Development	
Output 1.1:  Land Policy and Infrastructure Delivery1	
a.	Amount of affordable residential dwellings in Greenfield releases2	n/a	n/a	20%	
b.	Median House Price/Income Multiple3	n/a	n/a	7.0	
c.	Median Unit Price/Income Multiple3	n/a	n/a	5.2	
d.	Number of Direct Sales Applications Finalised	n/a	n/a	15	
e.	Number of Residential Dwellings released	n/a	n/a	5,500	
f.	Number of Forests Planted at the National Arboretum Canberra	n/a	n/a	18	
g.	Average Square Meters of Office Accommodation per Employee	n/a	n/a	16.9	
Notes:
1.	This is a new output with new accountability indicators.
2.	Where affordable is the figure expressed in house and land costs, as at July 2011 the value is $338,000.
3.	Median house price is the RP Data/Rismark monthly survey result, the income multiple is derived from ABS annualised weekly earnings.

	2010-11
Targets	2010-11
Est. Outcome	2011-12
Targets	
Output 1.2:  Business and Industry Development1	
a.	Support business innovation and the commercialisation of wealth generating ideas and research through program approaches	n/a	n/a	1	
b.	Establish and deliver collaboration-based industry development strategies	n/a	n/a	1	
c.	Deliver information and advisory services to the general small business community	n/a	n/a	1	
d.	Work within Australia and the ACT Government policy settings to attract and facilitate business and skilled migration to the Territory	n/a	n/a	1	
e.	Collaborate with the relevant Commonwealth Government entities to support economic development in the Territory and the broader Capital Region2	n/a	n/a	1	
Note: 
1.	These accountability indicators were transferred to the Directorate from the Chief Minister’s Department. 

Accountability Indicators cont.
	2010-11
Targets	2010-11
Est. Outcome	2011-12
Targets	
Output 1.3:  Tourism, Venues and Events1	
a.	Awareness of the Capital Region as a tourist destination2
-	Sydney
-	Regional NSW	
n/a
n/a	
n/a
n/a	
>10%
>14%	
Independent tracking survey to record advertising awareness of the Capital Region as a tourist destination.	
b.	Preference of the Capital Region as a tourist destination2
-	Sydney
-	Regional NSW	
n/a
n/a	
n/a
n/a	
>11%
>11%	
Independent tracking survey to record advertising awareness of the Capital Region as a tourist destination.	
c.	Number of visits to the ‘visitcanberra’ website3	n/a	n/a	800,000	
d.	Direct expenditure as a result of staging Floriade4	n/a	n/a	$20m	
e.	Deliver key community events
-	New Year’s Eve
-	Australia Day
-	Canberra Day
-	Nara Candle Festival	
n/a
n/a
n/a
n/a	
n/a
n/a
n/a
n/a	
1
1
1
1	
f.	Annual festival grants advice submitted to the Minister5	n/a	n/a	Sept 2011	
g.	Deliver annual city-wide Whole of Government newsletter6	n/a	n/a	March 2012	
h.	Conduct four annual Live in Canberra Interstate expos to increase awareness of the benefits of living and working in the ACT7	n/a	n/a 	4	
i.	Engage the Canberra Community on whole of government issues/topics utilising at least three engagements methods (on-line, media release, website)8	n/a	n/a	50 editions	
j.	Number of Major Events at:				
-	Canberra Stadium
-	Manuka Oval
-	Stromlo Forest Park	n/a
n/a
n/a	n/a
n/a
n/a	23
3
6	
k.	Own Source Revenue by Venue:
-	Canberra Stadium
-	Manuka Oval	n/a
n/a
	n/a
n/a
	$3,200,000
$300,000	
Notes: 
1.	These accountability indicators were transferred to the Directorate from the Chief Minister’s Department. 
2.	Results are taken quarterly from the Holiday Tracking Survey (HTS), an ongoing survey of holiday and leisure travel which is managed by Roy Morgan Research.  There is a lag in obtaining results and these latest figures are for the year ending December 2010.  
3.	This measure is used to record the performance of the website www.visitcanberra.com.au as a key driver for tourism activities such as travel, research, planning and online bookings in Canberra.  Website statistics are obtained through Google Analytics – an online measurement tool.  Google Analytics measures 'visits' to the site, in line with accepted industry standards.  *Variation: Australian Capital Tourism relaunched its new consumer website in August 2009 with a range of additional feature to enhance useability. It serves as a key call to action for Australian Capital Tourism's destination marketing and campaign activity.  The internet is also a major driver for travel planning, visitor information and bookings.
4.	Visitor expenditure data is derived from face-to-face interviews conducted on site with a random sample of event attendees.  The event’s direct expenditure impact essentially captures the spending of all visitors that come to the ACT (or extend their stay) specifically because of Floriade, plus the event operations impact.  The variation from the target is due to the 2010 event achieving record levels of interstate visitation and direct expenditure, while also recording the highest attendance figure (471,979) since the introduction of turnstiles in 1999.
5.	This measure covers management of the ACT Festival Fund Assessment Committee, the assessment process and recommendations submitted to the responsible Minister.  The measure is counted as complete when the responsible Minister agrees to recommendations and applicants are advised of outcomes. 
6.	This measure covers the production and distribution of the annual "Our City, Our Community" newsletter providing information to ACT Residents on the activities of the ACT Government over the past twelve months, and outlining upcoming programs, initiatives and events.
7.	The Live in Canberra campaign aims to raise awareness of Canberra as a great place to live and work, to attract skilled workers and their families from targeted national and international audiences and to make Canberra a welcoming city.  A brief is provided to the responsible Minister following each expo and targeted campaign overseas, describing its success and any areas for improvement.
8.	This measure covers the delivery of information to the Canberra community and is counted by actual release of information.
Accountability Indicators cont.
	2010-11
Targets	2010-11
Est. Outcome	2011-12
Targets	
Output 1.4:  Sport and Recreation1				
a.	Number of targeted programs delivered in accordance with the Australian Sports Commission agreement building applications lodged	n/a	n/a	9	
b.	Customer satisfaction with ACT Academy of Sport services	
n/a
	
n/a
	90%	
c.	Percentage of customers satisfied with the management of sportsgrounds	
n/a	
n/a	92%	
d.	Percentage of customers satisfied with management of aquatic centres	
n/a	
n/a	93%	
Note: 
1.	These accountability indicators were transferred to the Directorate from the Department of Territory and Municipal Services.

Changes to Appropriation
Changes to Appropriation - Controlled						
 	2010-11	2011-12	2012-13	2013-14	2014-15	
Government Payment for Outputs	Est.Out.	Budget	Estimate	Estimate	Estimate	
 	$'000	$'000	$'000	$'000	$'000	
						
2010-11 Budget	0	0	0	0	0	
						
2011-12 Budget Policy Adjustments						
Affordable Housing	- 	350 	350 	350 	350 	
Land Supply Strategy	- 	400 	400 	400 	400 	
Development Planning - Commercial Centres	- 	150 	150 	- 	- 	
National Arboretum Canberra (Commonwealth Contribution)	- 	700 	700 	- 	- 	
University of Canberra - Support for Student 
Accommodation Projects	- 	700 	700 	700 	700 	
AFL Matches at Manuka Oval	- 	260 	- 	- 	- 	
Enhancing Facilities at Manuka Oval	- 	50 	52 	52 	54 	
Canberra Stadium Waterproofing	- 	240 	160 	- 	- 	
Manuka Oval Precinct Planning Study	- 	200 	- 	- 	- 	
Hosting First Class Cricket Matches in the ACT	- 	110 	110 	110 	- 	
ACT Olympic Council 	- 	50 	- 	- 	- 	
Physical Activity Foundation	- 	110 	75 	50 	- 	
InnovationConnect (ICON) Program	- 	400 	420 	359 	378 	
Advisory Services Support for High Growth Firms	- 	200 	200 	180 	180 	
Implementation of the Education Export Services Sector 
Strategy	- 	100 	104 	- 	- 	
Skilled and Business Migration Program	- 	300 	310 	250 	250 	
Airline Access Development Plan	- 	100 	- 	- 	- 	
Increased Funding for the Canberra Convention Bureau	- 	440 	280 	280 	- 	
Asian Cup 2015	- 	175 	175 	3,728 	233 	
Symphony in the Park	- 	90 	93 	- 	- 	
Gungahlin Office - Feasibility Study	- 	150 	- 	- 	- 	
Centenary Marketing Fund	- 	500 	750 	500 	- 	
Major Events Strategy (Blockbuster Fund)	- 	1,000 	1,000 	- 	- 	
Upgrade to Commonwealth Park (Floriade)	- 	983 	- 	- 	- 	
National Arboretum Canberra Infrastructure	- 	- 	- 	- 	70 	
Narrabundah Long Stay Park - Symonston	- 	2,700 	- 	- 	- 	
Restoration of Sportsgrounds - Isabella Plains and 
Charnwood	- 	100 	203 	203 	203 	
Stromlo Forest Park Planning and Infrastructure	- 	- 	- 	- 	64 	
Temporary Seating for Manuka Oval and Other Venues	- 	- 	- 	25 	50 	
Wright Outer Asset Protection Zone - Stromlo Forest Park	- 	- 	10 	10 	10 	
Supporting Our Local Sporting Clubs - Redevelopment of 
Kippax District Playing Fields	- 	- 	- 	10 	20 	
John Gorton Drive Extension to Molonglo 2 and Group 
Centre	- 	- 	- 	- 	350 	
Molonglo 2 - Water Supply, Trunk Sewer and Stormwater Infrastructure (Stage 1)	- 	- 	- 	- 	110 	
Horse Park Drive Extension to Moncrieff Group Centre	- 	- 	- 	- 	245 	
North Weston - Road Intersections - Additional Funding 	- 	- 	- 	- 	190 	
Molonglo Leisure Centre - Feasibility Study	- 	200 	- 	- 	- 	
Savings Initiative	- 	(817)	(1,240)	(1,250)	(1,262)	

Changes to Appropriation cont. 
Changes to Appropriation – Controlled cont.						
 	2010-11	2011-12	2012-13	2013-14	2014-15	
Government Payment for Outputs	Est. Out.	Budget	Estimate	Estimate	Estimate	
 	$'000	$'000	$'000	$'000	$'000	
2011-12 Budget Technical Adjustment						
Transfer - Business Support Programs from CMD	- 	435 	- 	- 	- 	
Transfer - Tourism from CMD	- 	14,977 	15,222 	14,455 	14,763 	
Transfer - Events from CMD	- 	1,680 	1,714 	1,744 	1,783 	
Transfer - Live in Canberra from CMD	- 	205 	209 	214 	219 	
Transfer - Business and Industry Development from CMD	- 	6,602 	6,225 	5,430 	5,640 	
Transfer - Sport and Recreation from TAMS	- 	28,539 	20,711 	21,337 	21,756 	
Transfer - Territory Venues and Events from TAMS	- 	1,999 	2,038 	2,067 	2,107 	
Transfer - Base Funding from LAPS	- 	10,864 	11,691 	12,590 	12,824 	
Transfer - Gambling and Racing Policy from Treasury	- 	111 	113 	115 	116 	
Ceasing Initiative - Motorsport Fund	- 	- 	- 	(500)	(500)	
Partnership with Greater Western Sydney AFL	- 	- 	2,350 	2,409 	2,469 	
						
2011-12 Budget	 - 	75,353	65,275	65,818	63,772	

						
Changes to Appropriation - Territorial						
 	2010-11	2011-12	2012-13	2013-14	2014-15	
Payment for Expenses on Behalf of Territory	Est. Out.	Budget	Estimate	Estimate	Estimate	
 	$'000	$'000	$'000	$'000	$'000	
						
2010-11 Budget	0	0	0	0	0	
						
2011-12 Budget Technical Adjustments						
Transfer – Racing Development Funding from Treasury	- 	7,486 	7,673 	7,865 	8,062 	
Transfer - Sport and Recreation from TAMS	- 	100 	118 	118 	118 	
						
2011-12 Budget	 - 	7,586	7,791	7,983	8,180	

						
Changes to Appropriation - Controlled						
 	2010-11	2011-12	2012-13	2013-14	2014-15	
Capital Injections	Est. Out.	Budget	Estimate	Estimate	Estimate	
 	$'000	$'000	$'000	$'000	$'000	
						
2010-11 Budget	0	0	0	0	0	
						
2011-12 Budget Policy Adjustments						
Fitters Workshop Kingston Foreshore	- 	2,500 	1,400 	- 	- 	
Canberra CBD Upgrade Stage 2 - Merry-go-round and 
Veterans' Park	- 	1,800 	2,500 	- 	- 	
Gold Creek Homestead Stabilisation	- 	450 	- 	- 	- 	
Ngunnawal Aged Care Land Release – Gold Creek	- 	2,400 	- 	- 	- 	
Government Office Building	- 	500 	1,000 	21,539 	101,825 	
National Arboretum Canberra (Commonwealth Contribution)	- 	4,300 	4,300 	5,000	5,000	

Changes to Appropriation cont. 
Changes to Appropriation – Controlled cont. 						
 	2010-11	2011-12	2012-13	2013-14	2014-15	
Capital Injection	Est. Out.	Budget	Estimate	Estimate	Estimate	
 	$'000	$'000	$'000	$'000	$'000	
						
Kingston Foreshore Parking (Design)	- 	200 	- 	- 	- 	
Narrabundah Long Stay Park - Symonston	- 	5,000 	- 	- 	- 	
Australia Forum	- 	1,000 	- 	- 	- 	
Molonglo 2 - Water Supply, Trunk Sewer and Stormwater Infrastructure - Stage 2 (Design)	- 	500 	500 	- 	- 	
Horse Park Drive Extension from Burrumarra Avenue to 
Mirrabei Drive (Design)	- 	400 	200 	- 	- 	
The Valley Avenue Extension to Gundaroo Drive (Design)	- 	200 	200 	- 	- 	
Gungahlin Town Centre Roads (Design)	- 	500 	500 	- 	- 	
Woden Valley Stormwater Retardation Basins (Design)	- 	200 	200 	- 	- 	
Uriarra Road Upgrade 	- 	150 	- 	- 	- 	
John Gorton Drive Extension to Molonglo 2 and  Group 
Centre	- 	10,000 	24,000 	- 	- 	
Molonglo 2 - Water Supply, Trunk Sewer and Stormwater Infrastructure (Stage 1)	- 	3,000 	7,000 	- 	- 	
Horse Park Drive Extension to Moncrieff Group Centre	- 	15,000 	9,000 	- 	- 	
North Weston - Road Intersection Reconstruction - Additional Funding 	- 	1,000 	3,000 	- 	- 	
Kenny Contamination Remediation	- 	400 	- 	- 	- 	
Restoration of Sportsgrounds - Isabella Plains and 
Charnwood	- 	1,111 	- 	- 	- 	
Manuka Oval Redevelopment (Design)	- 	750 	- 	- 	- 	
Stromlo Forest Park Planning and Infrastructure	- 	800 	2,000 	- 	- 	
Temporary Seating for Manuka Oval and Other Venues	- 	2,500 	- 	- 	- 	
Wright Outer Asset Protection Zone - Stromlo Forest Park	- 	250 	- 	- 	- 	
Stromlo Forest Park Soil Conservation Works	- 	200 	- 	- 	- 	
Motorsports Fund - Capital Improvements to Fairbairn Park (Design)	- 	500 	- 	- 	- 	
Gungahlin Pool	- 	1,000 	6,325 	15,180 	3,795 	
Supporting Our Local Sporting Clubs - Redevelopment of Kippax District Playing Fields	- 	2,000 	- 	- 	- 	
Tuggeranong Multi-use Indoor Community Facility and Men’s Shed	- 	2,100 	- 	- 	- 	
Canberra Stadium Upgrade 	- 	1,000 	1,200 	- 	- 	
Canberra Business Event Centre Equipment	- 	150 	- 	- 	- 	
						
2011-12 Budget Technical Adjustments						
Transfer - Business and Industry Development from CMD	- 	600 	800 	- 	- 	
Transfer - Territory Venues and Events from TAMS	- 	2,005 	1,081 	1,117 	1,153 	
Transfer - Sport and Recreation from TAMS	- 	27,269 	15,647 	2,609 	2,671 	
Transfer - Capital Funding from LAPS	- 	79,505 	6,600 	3,200 	- 	
						
2011-12 Budget	 - 	171,640	87,453	48,645	114,444	

2011-12 Capital Works Program
 	Estimated	Estimated	2011‑12	2012‑13	2013‑14	Physical 	
	Total	Expenditure	Financing	Financing	Financing	Completion 	
	Cost	Pre 2011‑12				Date  	
 	$’000	$’000	$’000	$’000	$’000	 	
							
New Capital Works							
Upgrade of Commonwealth Park (Floriade)	983	-	983	- 	- 	Feb 2012	
Fitters’ Workshop Kingston Foreshore	3,900	-	2,500	1,400	- 	Jan 2013	
Canberra CBD Upgrade Stage 2 – Merry‑go-round and Veterans’ Park	4,300	-	1,800	2,500	- 	Jul 2012	
Gold Creek Homestead Stabilisation	450	-	450	- 	- 	Jun 2012	
Ngunnawal Aged Care Land Release – Gold Creek 	2,400	-	2,400	- 	- 	Jun 2012	
Government Office Building1	432,196	-	 500	1,000	21,539	Jun 2017	
Gungahlin Office Accommodation (Feasibility)	150	-	150	-	-	Oct 2011	
National Arboretum Canberra (Commonwealth Contribution)2	18,600	-	4,300	4,300	5,000	Jun 2015	
Kingston Foreshore Parking (Design)	200	-	200	- 	- 	Dec 2011	
Narrabundah Long Stay Park – Symonston	5,000	-	5,000	- 	- 	Jun 2012	
Australia Forum	1,000	-	1,000	- 	- 	Jun 2012	
Territory Venue and Events							
Manuka Oval Redevelopment (Design)	750	-	750	-	-	Jun 2012	
Stromlo Forest Park Planning and Infrastructure	2,800	-	800	2,000	-	Jun 2013	
Wright Outer Asset Protection Zone – Stromlo Forest Park	250	-	250	- 	- 	Apr 2012	
Stromlo Forest Park Soil Conservation Works	200	-	200	- 	- 	Mar 2012	
Motorsports Fund – Capital Improvements to Fairbairn Park (Design)	500	-	500	-	-	Jun 2012	
Canberra Stadium Upgrade (Design)	2,200	-	1,000	1,200	- 	Jun 2013	
Sports and Recreation							
Molonglo Leisure Centre (Feasibility)	200	-	200	-	-	Jun 2012	
Restoration of Sportsgrounds – Isabella Plains and Charnwood	1,111	-	1,111	-	-	Mar 2012	
Gungahlin Pool3	26,300	-	1,000	6,325	15,180	Jun 2015	
Supporting Our Local Sporting Clubs – Redevelopment of Kippax District Playing Fields	2,000	-	2,000	- 	- 	Jun 2012	
Tuggeranong – Multi-use Indoor Community Facility and Men’s Shed	2,100	-	2,100	- 	- 	Dec 2012	
Land Release Program							
Molonglo 2 – Water Supply, Trunk Sewer and Stormwater Infrastructure – Stage 2 (Design)	1,000	-	500	500	- 	Dec 2012	
Horse Park Drive Extension from Burrumarra Avenue to Mirrabei Drive (Design)	600	-	400	200	- 	Dec 2012	
The Valley Avenue Extension to Gundaroo Drive (Design)	400	-	200	200	- 	Aug 2012	
Gungahlin Town Centre Roads (Design)	1,000	-	500	500	- 	Aug 2012	
Woden Valley Stormwater Retardation Basins (Design)	400	-	200	200	- 	Nov 2012	
John Gorton Drive Extension to Molonglo 2 and Group Centre	34,000	-	10,000	24,000	- 	Jun 2013	
Molonglo 2 – Water Supply, Trunk Sewer and Stormwater Infrastructure – Stage 1	10,000	-	3,000	7,000	- 	Jun 2013	

 2011-12 Capital Works Program cont.
 	Estimated	Estimated	2011‑12	2012‑13	2013‑14	Physical 	
	Total	Expenditure	Financing	Financing	Financing	Completion 	
	Cost	Pre 2011‑12				Date  	
 	$’000	$’000	$’000	$’000	$’000	 	
							
New Capital Works cont.							
Land Release Program cont.							
Horse Park Drive Extension to Moncrieff Group Centre	24,000	-	15,000	9,000	- 	Dec 2012	
Kenny Contamination Remediation	400	-	400	-	-	Jun 2012	
Uriarra Road Upgrade (Design)	150	-	150	-	-	Jun 2012	
Total New Capital Works	579,540	-	59,544	60,325	41,719		
							
Capital Upgrades							
Major Venues – Facilities Upgrades	1,698	-	1,698				
Sports Facilities	2,624	-	2,624				
							
Total Capital Upgrades	4,322	-	4,322				
							
Total New Works	583,862	-	63,866	60,325	41,719		
							
Works in Progress							
Official Opening 2013 – National Arboretum Canberra	22,620	7,710	12,110	2,800	-	Mar 2013	
National Arboretum Canberra	18,150	17,150	1,000	-	-	Jun 2012	
Transport for Canberra – Street Lighting in the City	2,000	1,000	1,000	-	-	May 2012	
City Action Plan Stage 1 – Edinburgh Avenue Improvements	2,500	200	2,300	-	-	Jun 2012	
Temporary Surface Car Park – Southern Loop Commonwealth Avenue	900	-	900	-	-	Apr 2011	
Canberra CBD Upgrade Program	12,000	2,000	3,000	3,800	3,200	Jun 2014	
Government Office Accommodation Building Project	2,620	2,540	80	-	-	Dec 2011	
Government Office Accommodation and Relocation Fitout	7,170	470	6,700	-	-	Jun 2012	
Sports and Recreation							
Gungahlin Leisure Centre (Design)	1,460	-	1,460	-	-	Jun 2012	
Lyneham Precinct Redevelopment
    Stage 3	4,200	7	2,093	2,100	-	Jun 2013	
Throsby Multisport Complex (Design)	500	90	410	-	-	Apr 2012	
Gungahlin Wellbeing Precinct
 – Infrastructure Works	6,500	-	6,500	-	-	Jun 2012	
Grant for Development of a New Basketball Centre and Player Amenities	3,000	50	2,950	-	-	Jun 2012	
Gungahlin Enclosed Oval 
(Sports Complex)	6,000	847	153	5,000	-	Jun 2013	
Gungahlin Leisure Centre 	1,000	28	972	-	-	Jun 2012	
Improvements to Griffith Oval	1,050	50	1,000	-	-	Apr 2012	
Lyneham Precinct – Regional Tennis and Sports Centre – Stage 2	8,500	267	8,233	-	-	Jun 2012	
“Where Will We Play” Outdoor Facilities Water Reduction Strategies	16,000	2,526	7,474	6,000		Jun 2013	
Enclosed Oval within Crinigan Circle, Gungahlin	400	300	100	-	-	Jun 2012	
Lyneham Sports Precinct Development 
 – Stage 1	8,600	7,100	1,500	-	-	Jun 2012	

2011-12 Capital Works Program cont.
 	Estimated	Estimated	2011‑12	2012‑13	2013‑14	Physical 	
	Total	Expenditure	Financing	Financing	Financing	Completion 	
	Cost	Pre 2011‑12				Date  	
 	$’000	$’000	$’000	$’000	$’000	 	
							
Works in Progress cont.							
Territory Venue and Events							
Motorsport Funding	500	300	200	-	-	May 2012	
Motorsport Funding – Investment Fund 	1,500	500	500	500	-	Jun 2013	
Land Release Program							
North Weston – Road Intersection Reconstruction4	18,000	3,000	12,000	3,000	-	Apr 2013	
Coombs – Water Quality Control Ponds	17,000	6,600	10,400	-	-	Jun 2012	
Fyshwick – Intersection Upgrades               – Gladstone Street, Section 26	4,000	1,300	2,700	-	-	Mar 2012	
Barton – Intersection Upgrades – Darling Street, Section 22	1,000	650	350	-	-	Jun 2012	
Forde – Horse Park and Gundaroo Drives Intersection Upgrade	4,000	2,850	1,150	-	-	Jun 2012	
Watson – Stormwater Upgrade – Aspinall Street Block 2, Section 95	2,870	2,350	520	-	-	Dec 2011	
Mitchell – Sandford Street Extension to the Federal Highway	14,000	900	13,100	-	-	Jun 2012	
Casey – Clarrie Hermes Drive Extension to the Barton Highway	21,000	7,325	13,675	-	-	Jun 2012	
							
Total Works in Progress	209,040	68,110	114,530	23,200	3,200		
							
Total Capital Works Program	792,902	68,110	178,396	83,525	44,919		
Notes:
1.	An additional $101.825 million is forecast for the 2014-15 financial year, $183.822 million for 2015-16 and $123.510 million for 2016-17.
2.	An additional $5 million is forecast for the 2014-15 financial year.
3.	An additional $3.795 million is forecast for the 2014-15 financial year.
4.	The 2011-12 Capital Works Program provides an additional $1 million in 2011-12 and $3 million in 2012-13 for North Weston – Road Intersection Reconstruction.

 

Economic Development Directorate
Operating Statement
  2010-11			  2010-11	   2011-12		  2012-13	    2013-14	  2014-15		
    Budget			Est.Outcome	   Budget	     Var	  Estimate	    Estimate	  Estimate		
    $'000			    $'000	   $'000	      %	    $'000	     $'000	   $'000		
		Income								
		Revenue								
0		Government Payment for Outputs	0	75,353	#	65,275	65,818	63,772		
0		User Charges - Non ACT Government	0	9,589	#	9,905	9,890	9,943		
0		User Charges - ACT Government	0	664	#	721	672	648		
0		Interest	0	53	#	50	50	50		
0		Other Revenue	0	137	#	137	137	137		
0		Resources Received Free of Charge	0	400	#	0	0	0		
0		Total Revenue	0	86,196	#	76,088	76,567	74,550		
		Gains								
0		Other Gains	0	9,974	#	616	0	0		
0		Total Gains	0	9,974	#	616	0	0		
0		Total Income	0	96,170	#	76,704	76,567	74,550		
		Expenses								
0		Employee Expenses	0	18,507	#	19,100	19,429	19,527		
0		Superannuation Expenses	0	2,699	#	2,816	2,796	2,781		
0		Supplies and Services	0	38,463	#	35,615	33,169	34,307		
0		Depreciation and Amortisation	0	14,775	#	16,473	21,390	21,297		
0		Borrowing Costs	0	48	#	48	49	49		
0		Cost of Goods Sold	0	2,038	#	2,145	2,167	2,180		
0		Grants and Purchased Services	0	23,738	#	15,995	15,051	15,192		
0		Other Expenses	0	785	#	511	7,417	528		
0		Total Ordinary Expenses	0	101,053	#	92,703	101,468	95,861		
0		Operating Result	0	-4,883	#	-15,999	-24,901	-21,311		
0		Inc/Dec in Asset Revaluation Reserve Surpluses	0	4,712	#	0	0	0		
0		Total Other Comprehensive Income	0	4,712	#	0	0	0		
0		Total Comprehensive Income	0	-171	#	-15,999	-24,901	-21,311		

Economic Development Directorate
Balance Sheet
    Budget			Est.Outcome	    Planned		   Planned	   Planned	   Planned		
as at 30/6/11			as at 30/6/11	as at 30/6/12	   Var	as at 30/6/13	as at 30/6/14	as at 30/6/15		
   $'000			   $'000	     $'000	    %	    $'000	    $'000	    $'000		
		Current Assets								
0		Cash and Cash Equivalents	0	3,735	#	3,279	2,909	2,550		
0		Receivables	0	2,101	#	2,090	2,090	2,055		
0		Inventories	0	59	#	59	59	59		
0		Capital Work in Progress	0	134,593	#	103,850	128,209	229,907		
0		Assets Held for Sale	0	3	#	3	3	3		
0		Other	0	1,068	#	1,068	1,068	1,068		
0		Total Current Assets	0	141,559	#	110,349	134,338	235,642		
		Non Current Assets								
0		Receivables	0	102	#	102	102	102		
0		Investments	0	1,000	#	1,800	1,800	1,800		
0		Property, Plant and Equipment	0	225,543	#	308,446	298,211	282,905		
0		Intangibles	0	420	#	370	320	270		
0		Capital Works in Progress	0	57,240	#	77,242	87,248	94,367		
0		Total Non Current Assets	0	284,305	#	387,960	387,681	379,444		
0		TOTAL ASSETS	0	425,864	#	498,309	522,019	615,086		
		Current Liabilities								
0		Payables	0	3,184	#	3,230	3,279	3,279		
0		Finance Leases	0	437	#	437	437	437		
0		Employee Benefits	0	6,493	#	6,652	6,745	6,845		
0		Other	0	1,234	#	1,235	1,297	1,297		
0		Total Current Liabilities	0	11,348	#	11,554	11,758	11,858		
		Non Current Liabilities								
0		Finance Leases	0	74	#	75	76	77		
0		Employee Benefits	0	498	#	551	610	655		
0		Total Non Current Liabilities	0	572	#	626	686	732		
0		TOTAL LIABILITIES	0	11,920	#	12,180	12,444	12,590		
0		NET ASSETS	0	413,944	#	486,129	509,575	602,496		
		REPRESENTED BY FUNDS EMPLOYED								
0		Accumulated Funds	0	406,680	#	478,865	502,311	595,232		
0		Reserves	0	7,264	#	7,264	7,264	7,264		
0		TOTAL FUNDS EMPLOYED	0	413,944	#	486,129	509,575	602,496		

Economic Development Directorate
Cash Flow Statement 
  2010-11			  2010-11	   2011-12		  2012-13	    2013-14	  2014-15		
    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	75,353	#	65,275	65,818	63,772		
0		User Charges	0	9,971	#	10,834	10,836	10,888		
0		Interest Received	0	50	#	50	50	50		
0		Other Revenue	0	247	#	247	252	165		
0		Operating Receipts	0	85,621	#	76,406	76,956	74,875		
		Payments								
0		Related to Employees	0	18,505	#	19,094	19,418	19,520		
0		Related to Superannuation	0	2,558	#	2,645	2,618	2,599		
0		Related to Supplies and Services	0	38,340	#	38,589	36,080	37,243		
0		Borrowing Costs	0	44	#	42	42	42		
0		Grants and Purchased Services	0	23,739	#	15,996	15,052	15,192		
0		Other	0	3,511	#	261	3,889	412		
0		Operating Payments	0	86,697	#	76,627	77,099	75,008		
0		NET CASH INFLOW/ (OUTFLOW) FROM OPERATING ACTIVITIES	0	-1,076	#	-221	-143	-133		
		CASH FLOWS FROM INVESTING ACTIVITIES								
		Payments								
0		Purchase of Property, Plant and Equipment and Capital Works	0	170,264	#	86,779	48,763	114,562		
0		Purchase of Investments	0	600	#	800	0	0		
0		Investing Payments	0	170,864	#	87,579	48,763	114,562		
0		NET CASH INFLOW/ (OUTFLOW) FROM INVESTING ACTIVITIES	0	-170,864	#	-87,579	-48,763	-114,562		
		CASH FLOWS FROM FINANCING ACTIVITIES								
		Receipts								
0		Capital Injection from Government	0	171,240	#	87,453	48,645	114,444		
0		Receipt of Transferred Cash Balances	0	2,319	#	0	0	0		
0		Financing Receipts	0	173,559	#	87,453	48,645	114,444		
		Payments								
0		Repayment of Finance Lease	0	110	#	109	109	108		
0		Payments of Transferred Cash Balances	0	-2,226	#	0	0	0		
0		Financing Payments	0	-2,116	#	109	109	108		
0		NET CASH INFLOW/ (OUTFLOW) FROM FINANCING ACTIVITIES	0	175,675	#	87,344	48,536	114,336		
0		NET INCREASE/ (DECREASE) IN CASH HELD	0	3,735	#	-456	-370	-359		
0		CASH AT BEGINNING OF REPORTING PERIOD	0	0	-	3,735	3,279	2,909		
0		CASH AT THE END OF THE REPORTING PERIOD	0	3,735	#	3,279	2,909	2,550		

Economic Development Directorate
Statement of Changes in Equity
    Budget			Est.Outcome	    Planned		   Planned	   Planned	   Planned		
as at 30/6/11			as at 30/6/11	as at 30/6/12	   Var	as at 30/6/13	as at 30/6/14	as at 30/6/15		
   $'000			   $'000	     $'000	    %	    $'000	    $'000	    $'000		
		Opening Equity								
0		Opening Accumulated Funds	0	0	-	406,680	478,865	502,311		
0		Opening Asset Revaluation Reserve	0	0	-	7,264	7,264	7,264		
0		Balance at the Start of the Reporting Period	0	0	-	413,944	486,129	509,575		
		Comprehensive Income								
0		Operating Result for the Period	0	-4,883	#	-15,999	-24,901	-21,311		
0		Increase/(Decrease) in Asset Revaluation Reserve Surpluses	0	4,712	#	0	0	0		
0		Total Comprehensive Income	0	-171	#	-15,999	-24,901	-21,311		
0		Transfer to/from Accumulated Funds	0	-2,552	#	0	0	0		
0		Movement in Asset Revaluation Reserves	0	2,552	#	0	0	0		
0		Total Movement In Reserves	0	0	-	0	0	0		
		Transactions Involving Owners Affecting Accumulated Funds								
0		Capital Injections	0	171,240	#	87,453	48,645	114,444		
0		Inc/Dec in Net Assets due to Admin Restructure	0	242,875	#	731	-298	-212		
0		Total Transactions Involving Owners Affecting Accumulated Funds	0	414,115	#	88,184	48,347	114,232		
		Closing Equity								
0		Closing Accumulated Funds	0	406,680	#	478,865	502,311	595,232		
0		Closing Asset Revaluation Reserve	0	7,264	#	7,264	7,264	7,264		
0		Balance at the End of the Reporting Period	0	413,944	#	486,129	509,575	602,496		

Notes to the Budget Statements
The budgeted financial statements reflect the transfer of the Department of Land and Property Services; Sport and Recreation and Territory Venues and Events functions from the Department of Territory and Municipal Services; the Business Support Programs, Skills and Economic Development and Tourism functions from the Chief Minister’s Department; and Gaming and Racing from the Department of Treasury.

Economic Development Directorate
Statement of Income and Expenses on Behalf of the Territory 
  2010-11			  2010-11	   2011-12		  2012-13	    2013-14	  2014-15		
    Budget			Est.Outcome	   Budget	     Var	  Estimate	    Estimate	  Estimate		
    $'000			    $'000	   $'000	      %	    $'000	     $'000	   $'000		
		Income								
		Revenue								
0		Payment for Expenses on behalf of Territory	0	7,586	#	7,791	7,983	8,180		
0		User Charges - Non ACT Government	0	0	-	120	123	126		
0		Total Revenue	0	7,586	#	7,911	8,106	8,306		
		Gains								
0		Total Gains	0	0	-	0	0	0		
0		Total Income	0	7,586	#	7,911	8,106	8,306		
		Expenses								
0		Supplies and Services	0	100	#	118	118	118		
0		Grants and Purchased Services	0	7,486	#	7,673	7,865	8,062		
0		Transfer Expenses	0	0	-	120	123	126		
0		Total Ordinary Expenses	0	7,586	#	7,911	8,106	8,306		
0		Operating Result	0	0	-	0	0	0		

Economic Development Directorate
Statement of Assets and Liabilities on Behalf of the Territory
    Budget			Est.Outcome	    Planned		   Planned	   Planned	   Planned		
as at 30/6/11			as at 30/6/11	as at 30/6/12	   Var	as at 30/6/13	as at 30/6/14	as at 30/6/15		
   $'000			   $'000	     $'000	    %	    $'000	    $'000	    $'000		
		Non Current Assets								
0		Investments	0	2,352	#	2,352	2,352	2,352		
0		Total Non Current Assets	0	2,352	#	2,352	2,352	2,352		
0		TOTAL ASSETS	0	2,352	#	2,352	2,352	2,352		
0		NET ASSETS	0	2,352	#	2,352	2,352	2,352		
		REPRESENTED BY FUNDS EMPLOYED								
0		Accumulated Funds	0	2,352	#	2,352	2,352	2,352		
0		TOTAL FUNDS EMPLOYED	0	2,352	#	2,352	2,352	2,352		

Economic Development Directorate
Budgeted Statement of Cashflows on Behalf of the Territory
   2010-11			  2010-11	   2011-12		  2012-13	    2013-14	  2014-15		
    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 EBT	0	7,586	#	7,791	7,983	8,180		
0		User Charges	0	0	-	120	123	126		
0		Operating Receipts	0	7,586	#	7,911	8,106	8,306		
		Payments								
0		Related to Supplies and Services	0	100	#	118	118	118		
0		Grants and Purchased Services	0	7,486	#	7,673	7,865	8,062		
0		Territory Receipts to Government	0	0	-	120	123	126		
0		Operating Payments	0	7,586	#	7,911	8,106	8,306		
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		

Economic Development Directorate
Statement of Changes in Equity on Behalf of the Territory
    Budget			Est.Outcome	    Planned		   Planned	   Planned	   Planned		
as at 30/6/11			as at 30/6/11	as at 30/6/12	   Var	as at 30/6/13	as at 30/6/14	as at 30/6/15		
   $'000			   $'000	     $'000	    %	    $'000	    $'000	    $'000		
		Opening Equity								
0		Opening Accumulated Funds	0	0	-	2,352	2,352	2,352		
0		Balance at the Start of the Reporting Period	0	0	-	2,352	2,352	2,352		
		Comprehensive Income								
0		Operating Result for the Period	0	0	-	0	0	0		
0		Total Movement In Reserves	0	0	-	0	0	0		
		Transactions Involving Owners Affecting Accumulated Funds								
0		Inc/Dec in Net Assets due to Admin Restructure	0	2,352	#	0	0	0		
0		Total Transactions Involving Owners Affecting Accumulated Funds	0	2,352	#	0	0	0		
		Closing Equity								
0		Closing Accumulated Funds	0	2,352	#	2,352	2,352	2,352		
0		Balance at the End of the Reporting Period	0	2,352	#	2,352	2,352	2,352		

Notes to the Budget Statements
The budgeted financial statements reflects the transfer of Gaming and Racing from the Department of Treasury, Business Support Programs from the Chief Minister’s Department, and the Sport and Recreation function from the Department of Territory and Municipal Services.