ACT Executive
Purpose
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.
2011-12 Priorities
Strategic and operational issues to be pursued in 2011-12 include setting government priorities and policies and implementing strategies to support the delivery of those policies. 
Estimated Employment Level
2009-10
Actual Outcome		2010-11
Budget
	2010-11
Est. Outcome	2011-12
Budget
	
36	Staffing (FTE)	351	341	361	
Note:
1.	The ACT Executive has funding for 36 FTE’s.  The lower FTE figures for the 2010‑11 Budget and Estimated Outcome reflect vacant positions. 
Changes to Appropriation
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	6,345	6,416	6,526	6,626	6,626	
						
2011-12 Budget Policy Adjustment						
Savings Initiative	- 	(25)	(26)	(26)	(27)	
						
2011-12 Budget Technical Adjustment						
Revised Indexation Parameters	- 	3 	3 	3 	103 	
						
2011-12 Budget	6,345	6,394	6,503	6,603	6,702	

ACT Executive
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								
6,345		Payment for Expenses on behalf of Territory	6,345	6,394	1	6,503	6,603	6,702		
180		Resources Received Free of Charge	180	180	-	180	180	180		
6,525		Total Revenue	6,525	6,574	1	6,683	6,783	6,882		
		Gains								
0		Total Gains	0	0	-	0	0	0		
6,525		Total Income	6,525	6,574	1	6,683	6,783	6,882		
		Expenses								
4,739		Employee Expenses	4,712	4,771	1	4,846	4,913	4,975		
640		Superannuation Expenses	640	644	1	656	667	676		
1,112		Supplies and Services	1,139	1,125	-1	1,147	1,169	1,197		
44		Depreciation and Amortisation	42	43	2	43	43	43		
10		Borrowing Costs	10	10	-	10	10	10		
6,545		Total Ordinary Expenses	6,543	6,593	1	6,702	6,802	6,901		
-20		Operating Result	-18	-19	-6	-19	-19	-19		
-20		Total Comprehensive Income	-18	-19	-6	-19	-19	-19		

ACT Executive
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		
		Current Assets								
424		Cash and Cash Equivalents	185	183	-1	206	229	252		
0		Receivables	17	17	-	17	17	17		
424		Total Current Assets	202	200	-1	223	246	269		
		Non Current Assets								
111		Property, Plant and Equipment	147	147	-	147	147	147		
111		Total Non Current Assets	147	147	-	147	147	147		
535		TOTAL ASSETS	349	347	-1	370	393	416		
		Current Liabilities								
269		Payables	84	85	1	86	87	88		
80		Finance Leases	54	66	22	52	73	94		
734		Employee Benefits	738	764	4	790	816	842		
1,083		Total Current Liabilities	876	915	4	928	976	1,024		
		Non Current Liabilities								
70		Finance Leases	95	73	-23	102	96	90		
78		Employee Benefits	71	71	-	71	71	71		
148		Total Non Current Liabilities	166	144	-13	173	167	161		
1,231		TOTAL LIABILITIES	1,042	1,059	2	1,101	1,143	1,185		
-696		NET ASSETS	-693	-712	-3	-731	-750	-769		
		REPRESENTED BY FUNDS EMPLOYED								
-696		Accumulated Funds	-698	-717	-3	-736	-755	-774		
0		Reserves	5	5	-	5	5	5		
-696		TOTAL FUNDS EMPLOYED	-693	-712	-3	-731	-750	-769		

ACT Executive
Budgeted Statement of Cash Flows 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								
6,345		Cash from Government for EBT	6,345	6,394	1	6,503	6,603	6,702		
102		Other Revenue	102	104	2	104	104	104		
6,447		Operating Receipts	6,447	6,498	1	6,607	6,707	6,806		
		Payments								
4,739		Related to Employees	4,739	4,798	1	4,873	4,940	5,002		
640		Related to Superannuation	640	644	1	656	667	676		
882		Related to Supplies and Services	882	891	1	888	910	938		
10		Borrowing Costs	10	10	-	10	10	10		
102		Other	102	104	2	104	104	104		
6,373		Operating Payments	6,373	6,447	1	6,531	6,631	6,730		
74		NET CASH INFLOW/ (OUTFLOW) FROM OPERATING ACTIVITIES	74	51	-31	76	76	76		
		CASH FLOWS FROM FINANCING ACTIVITIES								
		Payments								
53		Repayment of Finance Lease	53	53	-	53	53	53		
53		Financing Payments	53	53	-	53	53	53		
-53		NET CASH INFLOW/ (OUTFLOW) FROM FINANCING ACTIVITIES	-53	-53	-	-53	-53	-53		
21		NET INCREASE/ (DECREASE) IN CASH HELD	21	-2	-110	23	23	23		
403		CASH AT BEGINNING OF REPORTING PERIOD	164	185	13	183	206	229		
424		CASH AT THE END OF THE REPORTING PERIOD	185	183	-1	206	229	252		

ACT Executive
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								
-676		Opening Accumulated Funds	-680	-698	-3	-717	-736	-755		
0		Opening Asset Revaluation Reserve	5	5	-	5	5	5		
-676		Balance at the Start of the Reporting Period	-675	-693	-3	-712	-731	-750		
		Comprehensive Income								
-20		Operating Result for the Period	-18	-19	-6	-19	-19	-19		
-20		Total Comprehensive Income	-18	-19	-6	-19	-19	-19		
0		Total Movement In Reserves	0	0	-	0	0	0		
		Transactions Involving Owners Affecting Accumulated Funds								
		Closing Equity								
-696		Closing Accumulated Funds	-698	-717	-3	-736	-755	-774		
0		Closing Asset Revaluation Reserve	5	5	-	5	5	5		
-696		Balance at the End of the Reporting Period	-693	-712	-3	-731	-750	-769		

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 $0.049 million in the 2011‑12 Budget from the 2010‑11 estimated outcome reflects indexation, partially offset by savings.
Statement of Assets and Liabilities on Behalf of the Territory
•	cash and cash equivalents:  the decrease of $0.239 million in the 2010‑11 estimated outcome from the original budget reflects a return to a more usual cash balance following a one-off increase included in the original budget.
•	payables:  the decrease of $0.185 million in the 2010‑11 estimated outcome from the original budget relates to a lower forecast of accrued expenditure for 2010‑11.