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Portfolio budget statements

Portfolio Budget Statements 2005-06

Environment and Heritage Portfolio

Budget Initiatives and Explanations of Appropriations 2005-06
Budget Related Paper No. 1.7
ISSN 1448-1219 (Online), 1448-1200 (Print)

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Agency Budget Statements (continued)
Sydney Harbour Federation Trust (continued)

Tables in this section

Section 2: Agency Resources for 2005–06

2.1 APPROPRIATIONS AND OTHER RESOURCES

Table 2.1 shows the total resources from all origins for 2005–06, including appropriations. The table summarises how revenue will be applied by outcome, administered and departmental classification.

The Sydney Harbour Federation Trust’s (Harbour Trust) 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 2005–06 is $23.651 million. This comprises $3.151 million departmental output appropriation and $20.5 million departmental equity injection.

Details of other revenue are shown in Table 2.3.

TABLE 2.1: APPROPRIATIONS AND OTHER REVENUE - SYDNEY HARBOUR FEDERATION TRUST
Outcome Appropriations Revenue from other sources(4) Total Resources(6)
$’000
Bill
No. 1		 $’000
Bill
No. 2(1)		 $’000
Special Approp(2)		 $’000
Total
Approp(3)		 %(5) $’000
 %(5) $’000
(A) (B) (C ) (D)=(A)+(B)+( C) (A)+(C) /

(A)+(C)+(E)		 (E) (E)/

(A)+(C)+(E)		 (F)=(D)+(E)
Outcome 1
Trust lands on Sydney Harbour are conserved and enhanced for the benefit of present and future generations of Australians
Departmental 3,151 - - 3,151 38.7% 5,000 61.3% 8,151
Departmental equity injection - 20,500 - 20,500 na - na 20,500
TOTAL RESOURCES 3,151 20,500 - 23,651 na 5,000 na 28,651
This table has been redesigned to correspond with Budget Paper No. 4 ‘Agency Resourcing’. It now includes (where appropriate) administered revenue from other sources.
(1) Under the appropriation structure, Bill No. 2 includes Specific Purpose Payments (SPPs), new agency outcomes (NAOs), administered capital and departmental capital via departmental injections and loans.
(2) Estimated expenses from individual Special Appropriations are shown at Section 3, Table 3.1.
(3) Total appropriations = Bill No. 1 + Bill No. 2 + Special Appropriations.
(4) Revenue from other sources includes Financial Management and Accountability Act 1997 s.31 revenues, Commonwealth Authorities and Companies body revenues that are available to be expensed, special accounts (non–appropriation revenues) and resources received free of charge.
(5) Percentage figures indicate the percentage contribution of revenue from government (Departmental Appropriations) to the total price of outputs (= Bill No. 1 + Special Appropriation + Revenue from other sources), by outcome, and the percentage contribution of Revenue from other sources (departmental) to the total price of outputs, by outcome.
(6) Total resources = Total appropriations + Revenue from other sources.
Note: Refer to budgeted statement of financial performance for application of agency revenue.

2.2: 2005–06 BUDGET MEASURES

Budget measures relating to the Harbour Trust as explained in Budget Paper No. 2 are summarised in Table 2.2. The table also identifies the relevant outcomes, administered items and outputs associated with each measure.

TABLE 2.2 - SUMMARY OF MEASURES CONTAINED IN THE 2005 - 2006 BUDGET
Appropriations
Budget		 Appropriations
Forward estimate		 Appropriations
Forward estimate		 Appropriations
Forward estimate
2005–06
($'000)		 2006–07
($'000)		 2007–08
($'000)		 2008–09
($'000)

Measure		 Outcome Outputs
Affected		 Admin
Expenses		 Dept
Outputs		 Total Admin
Expenses		 Dept
Outputs		 Total Admin
Expenses		 Dept
Outputs		 Total Admin
Expenses		 Dept
Outputs		 Total
Efficiency dividend – increase in the rate from 1 per cent to 1.25 per cent (1) 1 All - (8) (8) - (8) (8) - (4) (4) - - -
(1) This is a cross portfolio measure and impacts on all agencies within the Environment and Heritage Portfolio.

2.3: OTHER RECEIPTS AVAILABLE TO BE USED

Table 2.3 provides details of other receipts available to be used and include Financial Management and Accountability Act 1997 s.31 receipts, Commonwealth Authorities and Companies body receipts that are available to be spent, special accounts (non–appropriation) and resources received free of charge.

TABLE 2.3 - OTHER RECEIPTS AVAILABLE TO BE USED
Estimated
Receipts
2004–05
$'000		 Budget
Estimate
2005–06
$'000
DEPARTMENTAL OTHER RECEIPTS
Interest 472 545
Goods and services 6,660 60
Grant revenue from Related Entities 1,000 1,000
Revenue from property rentals 1,968 3,395
TOTAL ESTIMATED OTHER RECEIPTS 10,100 5,000

2.4: MOVEMENT OF ADMINISTERED FUNDS FROM 2004–05 TO 2005–06

There are no movements of administered funds from 2004–05 to 2005–06 for the Harbour Trust.

2.5: SPECIAL APPROPRIATIONS

There are no special appropriations for the Harbour Trust in the 2005–06 Budget.

2.6: SPECIAL ACCOUNTS

There are no special accounts for the Harbour Trust in the 2005–06 Budget.

2.7: ADMINISTERED CAPITAL AND DEPARTMENTAL EQUITY INJECTIONS AND LOANS

The Harbour Trust has not been appropriated any administered capital or loans for 2005–06.

The Harbour Trust will receive a departmental equity injection of $20.5 million in 2005–06 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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Budget statements

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