Portfolio Budget Statements 2004-2005

Environment and Heritage Portfolio
Budget Initiatives and Explanations of Appropriations 2004-2005
Budget Related Paper No. 1.7
ISSN 1448-1219 (Online), 1448-1200 (Print)

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Part C - Agency Budget Statements (continued)
Sydney Harbour Federation Trust

Section 1 - Overview, Appropriations and Budget Measures

Overview
Appropriations and Resourcing
Table 1.1 - Appropriations and other Revenue for 2004-2005
Table 1.2 - Summary of Measures Disclosed in the 2004-2005 Budget
Table 1.3 - Receipts from Independent Sources
Table 1.4 - Estimates of Expenses from Special Appropriations
Table 1.5 - Estimates of Special Account Flows and Balances
Table 1.6 – Estimates of special account flows and balances
Administered Capital and Departmental Equity Injections and Loans

OVERVIEW

The Sydney Harbour Federation Trust (the Harbour Trust) is responsible for the future of certain lands on or near the foreshores of Sydney Harbour. These are former Defence and other special Commonwealth lands that the Harbour Trust is planning, managing, conserving, enhancing and making publicly accessible. The lands are the former Artillery School on North Head, former Defence lands at Middle Head, Georges Heights and Chowder Bay, Woolwich Dock and Parklands, Cockatoo Island, Snapper Island, Macquarie Lightstation and the former Marine Biological Research Station at Camp Cove.

The Harbour Trust's Sub-outcome reflects the legislation under which it was established.

APPROPRIATIONS AND RESOURCING

The Harbour Trust's business plan provides for progressive increases in revenue as buildings are made available for commercial or other uses with the objective that the Harbour Trust will become self-funding at the end of its 10 year life.

The total appropriation for the Harbour Trust in 2004–05 is $21.637 million. This comprises $5.137 million departmental output appropriation and $16.5 million departmental equity injection.

Table 1.1 shows total appropriations and other revenues for 2004–05.

Details of other revenue are shown in Table 1.3.

TABLE 1.1 - APPROPRIATIONS AND OTHER REVENUE FOR 2004-2005 ($'000)
	DEPARTMENTAL PRICE OF OUTPUTS
	Revenue from Government (Appropriations)			Revenue	Total
		Special	Total	from other	Price of	Total
	Bill 1	Approp	Approp ⁽¹⁾	Sources ⁽²⁾	Outputs	Approp
	A	B	C	D	E=C+D	F = C
Outcome 1
Sub-outcome
Trust Lands on Sydney Harbour
are conserved and enhanced
for the benefit of present and
future generations of	5,137	0	5,137	3,500	8,637	5,137
Australians			59.5% #
TOTAL	5,137	0	5,137	3,500	8,637	5,137
Departmental Capital (Equity Injection) ⁽³⁾						16,500
TOTAL APPROPRIATIONS						21,637
(1) Refer Table 3.1 Budgeted Departmental Statement of Financial Performance for application of agency revenue. (2) Revenue from other sources includes sale of goods and services. Refer Table 1.3 Receipts from Independent Sources. (3)Under the Appropriation Structure, Bill 2 includes departmental capital equity injection. Refer Table 3.4 Departmental Capital Budget Statement. # Percentage figure indicates the percentage contribution of revenue from Government (departmental output appropriations) to the total price of outputs. The overall percentage for the Harbour Trust is 59.5%.

TABLE 1.2 - SUMMARY OF MEASURES DISCLOSED IN THE 2004-05 BUDGET
There are no measures for the Harbour Trust in the 2004-05 Budget.

TABLE 1.3 - RECEIPTS FROM INDEPENDENT SOURCES
	2003-2004	2004-2005
	Estimated	Estimated
	Revenue	Revenue
	$'000	$'000

Interest on deposits	20	20
Revenue from sales of goods and services	60	60
Grant revenue from Related Entities	1,000	1,000
Revenue from property rentals	1,420	2,420
TOTAL ESTIMATED REVENUE	2,500	3,500

TABLE 1.4 - MOVEMENT OF ADMINISTERED FUNDS FROM 2003-04 TO 2004-05
There are no movements of administered funds from 2003-04 to 2004-05 for the Harbour Trust.

TABLE 1.5 - ESTIMATES OF EXPENSES FROM SPECIAL APPROPRIATIONS
There are no special appropriations for the Harbour Trust in the 2004-05 Budget.

TABLE 1.6 – ESTIMATES OF SPECIAL ACCOUNT FLOWS AND BALANCES
There are no special accounts for the Harbour Trust in the 2004-05 Budget.

ADMINISTERED CAPITAL AND DEPARTMENTAL EQUITY INJECTIONS AND LOANS

The Harbour Trust has not been appropriated any administered capital or loans for 2004-05.

The Harbour Trust will receive a departmental equity injection of $16.5 million in 2004 05 for remediation and rehabilitation works associated with the Harbour Trust's properties. These funds are accounted for in the Departmental Capital Budget Statement.

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