8 Department of Premier and Cabinet


Capital Investment Program



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Capital Investment Program


Table 8.10 provides financial information for the Department's Capital Investment Program. For more information on the Capital Investment Program, see chapter 6 of The Budget in Budget Paper No 1.

Table 8.10: Capital Investment Program
Estimated)

Total)

Cost)

2017-18)
Budget)

2018-19)

Forward)

Estimate)

2019-20)

Forward)

Estimate)

2020-21)

Forward)

Estimate)




$'000)

$'000)

$'000)

$'000)

$'000)



















Minister for Sport and Recreation
















Silverdome ‑ Maintenance and Building Compliance

2 719)

1 869)

....)

....)

....)



















Premier
















Service Tasmania Shops Capital Investment

Ongoing)

250)

250)

250)

250)



















Total CIP Allocations




2 119)

250)

250)

250)




















        1. Silverdome ‑ Maintenance and Building Compliance


The Silverdome is a key sporting and community asset located in the Launceston local government area that is responsible for hosting a wide range of events. The Silverdome ‑ Maintenance and Building Compliance Project is providing funding for upgrades to ensure that the Silverdome complex remains compliant with workplace health and safety regulations.

        1. Service Tasmania Shops Capital Investment


The Capital Investment Program allocation provides for a refurbishment and upgrade program for Service Tasmania service centres and for the regular replacement and/or upgrade of essential Service Tasmania related technology and infrastructure.

    1. Detailed Budget Statements


Table 8.11: Statement of Comprehensive Income




2016-17)
Budget)

2017-18)
Budget)

2018-19)

Forward)

Estimate)

2019-20)

Forward)

Estimate)

2020-21)

Forward)

Estimate)




$'000)

$'000)

$'000)

$'000)

$'000)



















Revenue and other income from transactions
















Appropriation revenue - recurrent1

65 484)

69 908)

62 500)

54 984)

60 975)

Appropriation revenue - works & services2

1 105)

2 119)

250)

250)

250)

Other revenue from government3

630)

....)

....)

....)

....)

Grants

79)

111)

111)

111)

111)

Sales of goods and services4

33 050)

34 678)

35 173)

35 646)

35 936)

Other revenue

1 733)

1 799)

1 800)

1 802)

1 804)

Total revenue and other income from transactions

102 081)

108 615)

99 834)

92 793)

99 076)



















Expenses from transactions
















Employee benefits

47 599)

48 143)

49 504)

49 914)

50 889)

Depreciation and amortisation

898)

801)

793)

792)

792)

Supplies and consumables1

40 805)

45 108)

39 240)

34 334)

34 611)

Grants and subsidies5,6,7

15 373)

16 407)

12 087)

9 641)

14 802)

Borrowing costs8

....)

14)

5)

....)

....)

Other expenses

188)

188)

188)

188)

188)

Total expenses from transactions

104 863)

110 661)

101 817)

94 869)

101 282)



















Net result from transactions (net operating balance)

(2 782)

(2 046)

(1 983)

(2 076)

(2 206)



















Net result

(2 782)

(2 046)

(1 983)

(2 076)

(2 206)



















Comprehensive result

(2 782)

(2 046)

(1 983)

(2 076)

(2 206)



















Notes:

1. The increases in Appropriation revenue ‑ recurrent and Supplies and consumables in 2017‑18 reflect funding provided for initiatives detailed in Table 8.1 Key Deliverables Statement, offset by the cessation of time-limited election commitments.

2. The increase in Appropriation revenue ‑ works & services in 2017‑18 reflects funding provided for capital maintenance at the Silverdome.

3. The decrease in Other revenue from government in 2017‑18 reflects the level of funding expected to be carried forward under section 8A(2) of the Public Accounts Act 1986 from 2016‑17.

4. The increase in Sales of goods and services in 2017‑18 primarily reflects an increase in revenue collected by TMD.

5. The increase in Grants and subsidies in 2017‑18 reflects a reallocation of funding from 2016‑17 and 2018‑19 for Safe Homes, Safe Families and funding provided for initiatives detailed in Table 8.1 Key Deliverables Statement, partially offset by the cessation of time-limited election commitments.

6. The decrease in Grants and subsidies in 2019‑20 reflects the cessation of time‑limited election commitments.
7. The increase in Grants and subsidies in 2020‑21 reflects funding provided for the Circular Head Community Wellbeing Centre and the Dial Regional Sports Complex Upgrade, partially offset by the cessation of time‑limited election commitments.

8. The increase in Borrowing costs in 2017‑18 and 2018‑19 reflects interest payable on a loan to fund termination payments.



Table 8.12: Statement of Comprehensive Income ‑ Administered




2016-17)
Budget)

2017-18)
Budget)

2018-19)

Forward)

Estimate)

2019-20)

Forward)

Estimate)

2020-21)

Forward)

Estimate)




$'000)

$'000)

$'000)

$'000)

$'000)



















Revenue and other income from transactions
















Appropriation revenue - recurrent

6 882)

6 920)

7 003)

7 088)

7 174)

Total revenue and other income from transactions

6 882)

6 920)

7 003)

7 088)

7 174)



















Expenses from transactions
















Grants and subsidies

6 882)

6 920)

7 003)

7 088)

7 174)

Total expenses from transactions

6 882)

6 920)

7 003)

7 088)

7 174)



















Net result from transactions (net operating balance)

....)

....)

....)

....)

....)



















Net result

....)

....)

....)

....)

....)



















Comprehensive result

....)

....)

....)

....)

....)




















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