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Publications archive - Budget statements

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Key departmental publications, e.g. annual reports, budget papers and program guidelines are available in our online archive.

Much of the material listed on these archived web pages has been superseded, or served a particular purpose at a particular time. It may contain references to activities or policies that have no current application. Many archived documents may link to web pages that have moved or no longer exist, or may refer to other documents that are no longer available.

Portfolio Budget Statements 2003-2004

Environment and Heritage Portfolio
Budget Initiatives and Explanations of Appropriations 2003-2004
Budget Related Paper No. 1.7
Commonwealth of Australia 2003
ISSN 1448 - 1219 (Online), 1448 - 1200 (Print)

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

Section 1 - Overview, Appropriations and Budget Measures

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 Government has approved net funding of $115.5 million over eight years.

The total appropriation for the Harbour Trust in 2003-04 is $15.0 million. This comprises of $6.0 million departmental output appropriation and $9.0 million capital equity injection.

Table 1.1 shows total appropriations and other revenues for 2003-04.

Details of revenue from other sources are shown in Table 1.3.

TABLE 1.1 - APPROPRIATIONS AND OTHER REVENUE FOR 2003-2004 ($'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  
Outcome 1            
Sub-outcome            
Trust Lands on Sydney Harbour            
are conserved and enhanced            
for the benefit of present and            
future generations of 6,000 0 6,000 2,500 8,500 6,000
Australians     70.6% #      
TOTAL 6,000 0 6,000 2,500 8,500 6,000
Departmental Capital (Equity Injection) (3) 9,000
TOTAL APPROPRIATIONS 15,000
(1) Refer Table 3.1 Budgeted 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 70.6%.  

TABLE 1.2 - SUMMARY OF MEASURES DISCLOSED IN THE 2003-04 BUDGET
    Output        
    Groups 2003-04 2004-05 2005-06 2006-07
Measure Outcome Affected        
      $'000 $'000 $'000 $'000
             
Sydney Harbour Federation Trust 1 all 15,000 21,500 23,500 22,500
             
* The above figures represent four years appropriation funding from a total Government approved net funding of $115.5 million over eight years.

TABLE 1.3 - RECEIPTS FROM INDEPENDENT SOURCES
  2002-2003 2003-2004
  Estimated Estimated
  Revenue Revenue
  $'000 $'000
     
Interest on deposits 20 20
Revenue from sales of goods and services 80 60
Grant revenue from Related Entities 0 1,000
Revenue from property rentals 1,300 1,420
TOTAL ESTIMATED REVENUE 1,400 2,500

TABLE 1.4 - ESTIMATES OF EXPENSES FROM SPECIAL APPROPRIATIONS
There are no special appropriations for the Sydney Harbour Federation Trust in the 2003-04 Budget.

TABLE 1.5 - ESTIMATES OF SPECIAL ACCOUNT FLOWS AND BALANCES
There are no special accounts for the Sydney Harbour Federation Trust in the 2003-04 Budget.

ADMINISTERED CAPITAL AND DEPARTMENTAL EQUITY INJECTIONS AND LOANS

The Sydney Harbour Federation Trust has not been appropriated any administered capital or loans for 2003-04.

The Sydney Harbour Federation Trust will receive a departmental equity injection of $9.0 million in 2003-04 as accounted for in the capital budget. The equity injection will be used for the remediation and rehabilitation works associated with the Harbour Trust's properties.