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.
2007-08 Priorities
Strategic and operational issues to be pursued in 2007-08 include setting government policies and implementing strategies to support the delivery of those policies. 
Estimated Employment Level
	2006‑07
Est.  Outcome	2007‑08
Budget	
Staffing (FTE)	33	35	

Changes To Appropriation
Changes to Appropriation - Territorial						
 	2006-07	2007-08	2008-09	2009-10	2010-11	
Payment for Expenses on Behalf of Territory	Est. Out.	Budget	Estimate	Estimate	Estimate	
 	$'000	$'000	$'000	$'000	$'000	
						
2006-07 Budget	5,042	5,129	5,215	5,297	5,297	
						
2007-08 Budget Policy Adjustments 						
Wage Outcome	30	97	169	210	211	
Additional Strategic Advice Capacity	 -	268	274	280	289	
						
2007-08 Budget Technical Adjustments						
Revised Indexation Parameters	 -	3	3	3	86	
Shared Services Centre SLA Adjustment	 -	10	13	15	15	
Decreased Notional Superannuation Contribution Rates	 -	(68)	(69)	(70)	(71)	
						
2007-08 Budget	5,072	5,439	5,605	5,735	5,827	

ACT Executive	
Statement of Income and Expenses on Behalf of the Territory	
  2006-07			  2006-07	   2007-08		  2008-09	  2009-10	  2010-11		
    Budget			Est.Outcome	   Budget	   Var	  Estimate	   Estimate	  Estimate		
    $'000			   $'000	   $'000	    %	   $'000	    $'000	   $'000		
		Income								
		Revenue								
5,042		Payment for Expenses on behalf of Territory	5,072	5,439	7	5,605	5,735	5,827		
180		Resources Received free of charge	180	180	-	180	180	180		
5,222		Total Revenue	5,252	5,619	7	5,785	5,915	6,007		
		Gains								
0		Total Gains	0	0	-	0	0	0		
5,222		Total Income	5,252	5,619	7	5,785	5,915	6,007		
		Expenses								
3,442		Employee Expenses	3,479	3,791	9	3,899	3,977	4,030		
683		Superannuation Expenses	688	663	-4	682	694	704		
1,090		Supplies and Services	1,090	1,169	7	1,206	1,239	1,269		
2		Depreciation and Amortisation	2	2	-	2	2	2		
5,217		Total Ordinary Expenses	5,259	5,625	7	5,789	5,912	6,005		
5		Operating Result	-7	-6	14	-4	3	2		

ACT Executive	
Statement of Assets and Liabilities on Behalf of the Territory	
    Budget			Est.Outcome	   Planned		   Planned	   Planned	   Planned		
as at 30/6/07			as at 30/6/07	as at 30/6/08	   Var	as at 30/6/09	as at 30/6/10	as at 30/6/11		
   $'000			   $'000	    $'000	    %	    $'000	    $'000	    $'000		
		Current Assets								
897		Cash and Cash Equivalents	934	962	3	992	1,022	1,052		
1		Other	0	0	-	0	0	0		
898		Total Current Assets	934	962	3	992	1,022	1,052		
		Non Current Assets								
8		Property, Plant and Equipment	8	6	-25	4	2	0		
8		Total Non Current Assets	8	6	-25	4	2	0		
906		TOTAL ASSETS	942	968	3	996	1,024	1,052		
		Current Liabilities								
256		Payables	154	154	-	154	154	154		
344		Employee Benefits	338	370	9	402	427	453		
600		Total Current Liabilities	492	524	7	556	581	607		
		Non Current Liabilities								
23		Employee Benefits	0	0	-	0	0	0		
23		Total Non Current Liabilities	0	0	-	0	0	0		
623		TOTAL LIABILITIES	492	524	7	556	581	607		
283		NET ASSETS	450	444	-1	440	443	445		
		REPRESENTED BY FUNDS EMPLOYED								
283		Accumulated Funds	450	444	-1	440	443	445		
283		TOTAL FUNDS EMPLOYED	450	444	-1	440	443	445		

ACT Executive	
Budgeted Statement of Cashflows on Behalf of the Territory	
  2006-07			  2006-07	   2007-08		  2008-09	  2009-10	  2010-11		
    Budget			Est.Outcome	   Budget	   Var	  Estimate	   Estimate	  Estimate		
    $'000			   $'000	   $'000	    %	   $'000	    $'000	   $'000		
		CASH FLOWS FROM OPERATING ACTIVITIES								
		Receipts								
5,042		Cash from Government for EBT	5,072	5,439	7	5,605	5,735	5,827		
103		Other Revenue	103	105	2	105	106	106		
5,145		Operating Receipts	5,175	5,544	7	5,710	5,841	5,933		
		Payments								
4,119		Related to Employees	4,149	4,422	7	4,549	4,646	4,708		
910		Related to Supplies and Services	910	989	9	1,026	1,059	1,089		
103		Other	103	105	2	105	106	106		
5,132		Operating Payments	5,162	5,516	7	5,680	5,811	5,903		
13		NET CASH INFLOW/(OUTFLOW) FROM OPERATING ACTIVITIES	13	28	115	30	30	30		
13		NET INCREASE/(DECREASE) IN CASH HELD	13	28	115	30	30	30		
884		CASH AT BEGINNING OF REPORTING PERIOD	921	934	1	962	992	1,022		
897		CASH AT THE END OF THE REPORTING PERIOD	934	962	3	992	1,022	1,052		

ACT Executive	
Statement of Changes in Equity on Behalf of the Territory	
    Budget			Est.Outcome	   Planned		   Planned	   Planned	   Planned		
as at 30/6/07			as at 30/6/07	as at 30/6/08	   Var	as at 30/6/09	as at 30/6/10	as at 30/6/11		
   $'000			   $'000	    $'000	    %	    $'000	    $'000	    $'000		
278		Opening Balance	457	450	-2	444	440	443		
		Accumulated Funds								
5		Operating Result for the Period	-7	-6	14	-4	3	2		
		Reserves								
5		Total Income And Expense For The Period	-7	-6	14	-4	3	2		
		Transactions Involving Equity Holders Affecting Accumulated Funds								
283		Closing Balance	450	444	-1	440	443	445		
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 $0.367 million in the 2007‑08 Budget from the 2006‑07 estimated outcome is due to additional resources to increase capacity to provide responsive strategic policy advice, wage increases and indexation.
•	employee expenses:  the increase of $0.312 million in the 2007‑08 Budget from the 2006‑07 estimated outcome is primarily due to the employment of additional staff to increase capacity to provide responsive strategic policy advice, and wage increases.
•	supplies and services:  the increase of $0.079 million in the 2007‑08 Budget from the 2006‑07 estimated outcome is due to the increase in IT costs and administrative on‑costs related to the employment of additional staff.
Statement of Assets and Liabilities on Behalf of the Territory
•	payables:  the decrease of $0.102 million in the 2006‑07 estimated outcome from the original budget is due to lower than expected levels of accrued expenses.