ACT Public Cemeteries Authority
Objectives
The ACT Public Cemeteries Authority (the Authority) operates under the Cemeteries and Crematoria Act 2003.  It manages and operates public cemeteries at Gungahlin, Woden and Hall.  The Authority aims to operate these cemeteries on a sustainable basis to minimise the cost to Government and the community.
The Authority will continue to provide a wide range of burial options in all cemeteries to meet the diverse needs of the community and other groups that use cemetery services.
2007-08 Priorities
Strategic and operational issues to be pursued in 2007‑08 include:
•	continuing to expand the range of services and options for burial and memorialisation;
•	continuing to employ innovative solutions to reduce the cost of maintenance, with a view to enhancing perpetual care arrangements;
•	continuing to work towards environmentally sustainable maintenance practices;
•	continuing to actively promote the pre-purchase of cemetery services; and
•	providing high quality landscape presentation within cemetery grounds.

Estimated Employment Level
	2006-07
Est.  Outcome	2007-08
Budget	
Staffing  (FTE)	11	13	

Australian Capital Territory Public Cemeteries Authority	
Operating Statement	
  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								
1,852		User Charges - Non ACT Government	1,858	2,042	10	2,151	2,202	2,282		
210		Interest	210	218	4	236	242	242		
2,062		Total Revenue	2,068	2,260	9	2,387	2,444	2,524		
		Gains								
0		Total Gains	0	0	-	0	0	0		
2,062		Total Income	2,068	2,260	9	2,387	2,444	2,524		
		Expenses								
626		Employee Expenses	641	663	3	684	692	701		
112		Superannuation Expenses	113	116	3	122	124	125		
714		Supplies and Services	714	821	15	839	857	875		
171		Depreciation and Amortisation	171	171	-	171	171	171		
1,623		Total Ordinary Expenses	1,639	1,771	8	1,816	1,844	1,872		
439		Operating Result	429	489	14	571	600	652		

Australian Capital Territory Public Cemeteries Authority	
Balance Sheet	
    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								
4,694		Cash and Cash Equivalents	4,940	5,557	12	6,255	6,975	7,746		
159		Receivables	269	271	1	273	275	277		
8		Other	11	11	-	11	11	11		
4,861		Total Current Assets	5,220	5,839	12	6,539	7,261	8,034		
		Non Current Assets								
700		Investments	692	692	-	692	692	692		
5,200		Property, Plant and Equipment	5,196	5,205	..	5,214	5,223	5,232		
5,900		Total Non Current Assets	5,888	5,897	..	5,906	5,915	5,924		
10,761		TOTAL ASSETS	11,108	11,736	6	12,445	13,176	13,958		
		Current Liabilities								
135		Payables	133	134	1	135	136	137		
144		Employee Benefits	276	297	8	317	330	343		
20		Other Provisions	633	643	2	653	663	673		
513		Other	0	0	-	0	0	0		
812		Total Current Liabilities	1,042	1,074	3	1,105	1,129	1,153		
		Non Current Liabilities								
168		Employee Benefits	13	20	54	27	34	40		
200		Other Provisions	4,159	4,259	2	4,359	4,459	4,559		
3,774		Other	0	0	-	0	0	0		
4,142		Total Non Current Liabilities	4,172	4,279	3	4,386	4,493	4,599		
4,954		TOTAL LIABILITIES	5,214	5,353	3	5,491	5,622	5,752		
5,807		NET ASSETS	5,894	6,383	8	6,954	7,554	8,206		
		REPRESENTED BY FUNDS EMPLOYED								
1,294		Accumulated Funds	1,382	1,871	35	2,442	3,042	3,694		
4,513		Reserves	4,512	4,512	-	4,512	4,512	4,512		
5,807		TOTAL FUNDS EMPLOYED	5,894	6,383	8	6,954	7,554	8,206		

Australian Capital Territory Public Cemeteries Authority	
Cash Flow Statement	
  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								
1,962		User Charges	1,968	2,152	9	2,261	2,312	2,392		
210		Interest Received	210	218	4	236	242	242		
228		Other Revenue	228	228	-	228	228	228		
2,400		Operating Receipts	2,406	2,598	8	2,725	2,782	2,862		
		Payments								
722		Related to Employees	728	751	3	779	796	806		
714		Related to Supplies and Services	715	821	15	839	857	876		
229		Other	229	229	-	229	229	229		
1,665		Operating Payments	1,672	1,801	8	1,847	1,882	1,911		
735		NET CASH INFLOW/(OUTFLOW) FROM OPERATING ACTIVITIES	734	797	9	878	900	951		
		CASH FLOWS FROM INVESTING ACTIVITIES								
		Payments								
180		Purchase of Property, Plant and Equipment	180	180	-	180	180	180		
180		Investing Payments	180	180	-	180	180	180		
-180		NET CASH INFLOW/(OUTFLOW) FROM INVESTING ACTIVITIES	-180	-180	-	-180	-180	-180		
555		NET INCREASE/(DECREASE) IN CASH HELD	554	617	11	698	720	771		
4,139		CASH AT BEGINNING OF REPORTING PERIOD	4,386	4,940	13	5,557	6,255	6,975		
4,694		CASH AT THE END OF THE REPORTING PERIOD	4,940	5,557	12	6,255	6,975	7,746		

Australian Capital Territory Public Cemeteries Authority	
Statement of Changes in Equity	
    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		
5,368		Opening Balance	5,465	5,894	8	6,383	6,954	7,554		
		Accumulated Funds								
439		Operating Result for the Period	429	489	14	571	600	652		
		Reserves								
439		Total Income And Expense For The Period	429	489	14	571	600	652		
		Transactions Involving Equity Holders Affecting Accumulated Funds								
5,807		Closing Balance	5,894	6,383	8	6,954	7,554	8,206		
Notes to Budget Statements
Significant variations are as follows:
Operating Statement
•	user charges – non ACT Government:  the increase of $0.184 million in the 2007‑08 Budget from the 2006‑07 estimated outcome is a result of price rises relating to the application of the Perpetual Care Trust regime, which is a requirement established under the Cemeteries and Crematoria Act 2003.  Funds are required to be deposited into investment trust accounts for each cemetery, based on a percentage formula, to ensure the short‑term and long‑term maintenance of each cemetery in perpetuity.
•	supplies and services:  the increase of $0.107 million in the 2007‑08 Budget from the 2006‑07 estimated outcome is largely due to an increase in grounds maintenance relating to road works.
Balance Sheet
•	cash:  the increase of $0.617 million in the 2007‑08 Budget from the 2006‑07 estimated outcome is related to the application of the Perpetual Care Trust regime and accumulated surplus.
•	current liabilities - employee benefits:  the increase of $0.132 million in the 2006‑07 estimated outcome from the original budget is due to the ACT Accounting Policy requirement to classify all annual leave and unconditional long service leave as current employee benefits.  The change in policy is attributable to advice received regarding the interpretation of the Australian Accounting Standards.