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Legislative Assembly for the ACT: 2002 Week 7 Hansard (6 June) . . Page.. 2103..


Revenue

(Question No 184)

Mr Humphries asked the Treasurer, upon notice, on 4 June 2002:

(1) What is the quantum of other revenue, derived from lease sales, superannuation contributions and other sources, collected in the ACT for the current financial year as at 31 March 2002?

(2) Is the quantum of other revenue collected as at 31 March 2002 greater or less than the estimates prepared for the 2001 ACT Budget?

(3) What has been the trend in the payment of other revenue during the period between 1 October 2001 and 31 March 2002?

(4) How has this pattern of payment of other revenue varied from the same period in the previous financial year?

(5) What has been the basis for any changes in the pattern of payments of other revenue between this and the previous financial year?

Mr Quinlan: The answer to the member's question is as follows:

Please note: answers are written in respect of Consolidated Financial Statements for the General Government Sector.

(1) The total amount of other revenue collected in the ACT, as at 31 March 2002 was $136.5m. This included $96.1m of lease sales and $8.2m of superannuation contributions.

(2) The 2001 ACT Budget forecasted other revenue totalling $215.3m to be collected during the 2001-02 financial year. However, of this $215.3m, revenue of $41.6m relates to dividends, which is addressed in Question On Notice No. 170. As at 31 March 2002, revenue of $136.5m represented 78% of the original budget estimate (55% of the estimated outcome).

(3) Other revenue, excluding dividends, as at 1 October 2001 was -$2.5m. The average collection, per month, during the period 1 October 2001 to 31 March 2002 was $23.2m. The significant increase in revenue collected between 1 October 2001 to 31 March 2002 is due to increased lease sales from Land and Gungahlin Development Authority, and the re-coding of the loss on the value of investments as an expense, rather than as a negative 'other revenue'.

(4)

Other Revenue

Oct

Nov

Dec

Jan

Feb

Mar

$'000

$'000

$'000

$'000

$'000

$'000

2000-01

Month

30,830

(5,854)

(16,800)

36,922

1,054

18,263

YTD

58,655

52,801

36,001

72,923

73,977

92,240

% of Audited Outcome

26%

23%

16%

32%

33%

41%

2001-02

Month

20,223

25,476

49,441

3,317

(10,459)

51,061

YTD

17,699

43,175

92,616

95,933

85,474

136,535

% of Est Out

7%

17%

37%

39%

35%

55%


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