Publications archive - Budget statements
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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)
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.
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.
|DEPARTMENTAL PRICE OF OUTPUTS|
|Revenue from Government
|Special||Total||from other||Price of||Total|
|Bill 1||Approp||Approp (1)||Sources (2)||Outputs||Approp|
|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|
|Departmental Capital (Equity Injection) (3)||9,000|
|(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%.
|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.|
|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|
|There are no special appropriations for the Sydney Harbour Federation Trust in the 2003-04 Budget.|
|There are no special accounts for the Sydney Harbour Federation Trust in the 2003-04 Budget.|
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.