Business Plan - Emergency Services Telecommunications Authority

More documents

Recommendations

Info

36 ESTA Business Plan 2009/10 Appendix B: ESTA 2009/10 Budget Summary Managed Services (Contracts only) Budget Interim Budget Var. to % 2008/09 2008/09 2009/10 08/09 Int. MDN Revenue 22,664,220 23,038,563 23,041,284 2,721 0.01% MDN Expenditure 22,815,805 24,161,087 23,814,014 (347,073) (1.44%) (151,585) (1,122,524) (772,730) 349,794 MMR Revenue 29,228,866 29,502,655 31,561,296 2,058,641 6.98% MMR Expenditure 32,042,991 30,957,107 32,798,474 1,841,367 5.95% (2,814,125) (1,454,452) (1,237,179) 217,273 EAS Revenue 23,470,288 24,610,507 23,608,087 (1,002,420) (4.07%) EAS Expenditure 24,702,113 25,041,813 24,196,147 (845,666) (3.38%) (1,231,825) (431,306) (588,060) (156,754) Contracts Summary Revenue 75,363,374 77,151,725 78,210,667 1,058,942 1.37% Expenditure 79,560,909 80,160,007 80,808,635 648,628 0.81% Margin (4,197,535) (3,008,282) (2,597,969) 410,313 * Interim Results as at 10 July 2009 *Interim Results as at 10 July 2009 ESTA Operating Budget: Notes The presentation of the operating budget in 2009/10 is designed to show the operating financial performance of ESTA, identifying separately the revenues and expenditures of the PPP Contracts. The loss position is reduced for 2008/09 (interim result). This is mainly attributable to the one off injection of $3m of revenues for managing metropolitan demand. During 2009/10 it is intended to prepare a business case in support of supplementation to fund ESTA to meet the demand growth. The business case will outline the need for ongoing review beyond the initial supplementation via a type of demand driven funding model. The operating budget includes elements from the recent State Budget and includes the full amounts for statewide VicSES and CFA, $1.3m of project funding and expenditure for the AV regional project and the $3m operating for managing metropolitan demand. It also includes the $823k for enhancement of the surge capacity at Ballarat and the funding for enhanced MMR coverage. The capital budget includes amounts for capital requirements for the Ballarat development and the surge capacity projects. The budget excludes amounts provided for the EAS Enhancement Program as the detailed timing of the application of the budget is yet to be established.
Balance Sheet Budget The Balance Sheet budget (below) shows significant downward movement in the balances of both assets and liabilities. These result from the amortisation of the Service Development leases on MMR, MDN and EAS. This will continue into coming periods through to the end of the initial service terms. The other major movements in the balance sheet are the reduction in cash holdings and the progressive reduction in owner’s equity. Continuing losses at the current level will all but extinguish the state’s equity over the next two years. Cash Forecast The cash forecast indicates a significant decrease in cash holdings during 2009/10. This is as a result of a planned draw down of the Service Development contracts contingency funds, a $10m capital program that will exceed the depreciation allowance in the current budget and a significant loss position resulting from increased demand in a fixed revenue environment. The capital program includes a range of initiatives from the state budget along with the continued capital replacement and enhancement program undertaken each year. The reduction in cash holdings and interest rates will result in ongoing reduced interest revenues. This trend of reducing cash balances further justifies the need to apply for a business case in support of a review of the current ongoing revenues. Balance Sheet Budget 30 June 2009 (Interim) 30 June 2010 Current Assets Cash and Investments 36,819,860 25,362,633 Receivables 5,261,584 5,250,000 Accrued Revenue/Prepayments 7,341,802 7,500,000 49,423,246 38,112,633 Non Current Assets Communications Equipment 90,070,418 62,503,307 Other Assets 11,922,662 12,836,916 101,993,080 75,340,223 Total Assets Appendix B: ESTA 2009/10 Budget Summary Current Liabilities Accounts Payable 10,360,528 5,797,077 Accruals 5,565,115 6,213,809 Leases 35,084,236 35,084,236 Staff 5,095,282 4,250,000 56,105,161 51,345,122 Non Current Liabilities Leases 73,247,352 40,847,352 Staff 2,367,291 2,367,291 75,614,643 43,214,643 Total Liabilities 131,719,804 94,559,765 Net Assets 19,696,522 18,893,091 Equity Contributed Capital 30,883,456 34,902,406 Current Year Earnings (5,762,520) (4,822,381) Retained Profit/(Loss) (5,424,414) (11,186,934) 19,696,522 18,893,091 Cash Flow Summary 2009/10 Opening Balance (interim) 36,819,860 Cash Inflows (Operating and Projects) 144,426,721 Cash Inflows (Contributed Capital) 4,016,950 Operating Cash Expenditures 147,647,509 Contingency Claims 1,648,440 Capital Budget 10,604,950 Closing Balance 25,362,633 Net Movement in Cash Reserves (11,457,227) 37
Page 1: ESTA - The community gateway to Vic
Page 4 and 5: 04 ESTA Business Plan 2009/10 Intro
Page 6 and 7: 06 ESTA Business Plan 2009/10 Intro
Page 8 and 9: 08 ESTA Business Plan 2009/10 ESTA
Page 30 and 31: 30 ESTA Business Plan 2009/10 Appen
Page 38: 38 ESTA Business Plan 2009/10 Acron

Business Plan - Emergency Services Telecommunications Authority

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?