Page 3089 - Week 11 - Tuesday, 11 September 1990

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MINISTER FOR FINANCE AND URBAN SERVICES

LEGISLATIVE ASSEMBLY QUESTION

ACTEW - Expenditure Savings

QUESTION NO. 233

Ms Follett asked the Minister for Finance and Urban Services -

In what areas were the "significant unperfected savings" achieved as the result of expenditure controls mentioned at page 26 of the ACT Electricity and Water Authority Annual Report for 1988-89.

Mr Duby - the answer to the Members question is as follows:

The areas of significant predicted savings were realised by application of expenditure controls implemented by the Authoritys commercially oriented operations.

Implementation of these principles was not possible at the original budget formulation stage because of a blend of commercial and appropriation style budget data during the amalgamation process.

The overall administrative and operational savings amounted to $4.891m as indicated below:

Salaries/Wages and Associated Costs $ 845000

*Employees Benefit Provision --^ 474000

* Insurance Provision 924000

Distribution Maintenance 2648000

$4891000

* Expenditure reduced as a result of actuarial review as at 1 July 1988.

3089

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