2013-14 Capital Program 2013-14 Program Overview The 2013-14 Budget provided a significant investment program for Capital Works across the Territory. The original budgeted capital works program as published in the 2013-14 Budget Papers was $695.7 million. This figure was amended to $697.1 million to take account of end of year rollovers and other opening financial year adjustments. As part of the 201314 Budget Review, agencies reviewed programs and projects in light of the first six months of progress and identified where re-profiling of projects was appropriate. This resulted in $119 million in net expenditure being re-profiled into later years. Agencies undertook further analysis of their programs in the development of the 201415 Budget and identified a further $40.6 million in works for re-profiling, or to be returned as savings. The estimated outcome for the 2013-14 Capital Works Program was revised down from $699.2 million to $539.3 million. A reconciliation of the 2013-14 Capital Works Program is shown in Table 1 below. Table 1 $m 2013-14 Original Budget Expenditure1 695.650 Net Unspent Appropriation from the 2012-13 program and accrued expenditure (74.354) Section 16(b) Rollovers 67.165 Program Variations (including Supplementary Appropriation items)3 8.596 Total Funds Available for Expenditure 2013-14 697.057 Components of the Revised 2013-14 Capital Works Program 2013-14 Budget Review Re-profiling (119.254) 2014-15 Budget Re-profiling (33.942) Identified Savings 2014-15 Budget2 (6.667) Project Variations Post 2014-15 Budget3 (0.211) Revised Estimated Outcome for 2013-14 536.983 Post Budget Rollovers/Anticipated Section 16(b) Rollovers (26.851) 2013-14 Capital Program Expenditure Outcome 510.132 Notes: See 2013-14 Budget Paper 3 – page 238. Total program savings are $48.085 million. This includes $41.418 million removed from the forward years. See Attachment C – Variations between Projects in the 2013-14 Capital Works Program. 2013-14 Program Expenditure as at 30 June 2014 The actual expenditure for the June 2014 quarter was $140.4 million, comprised:
2009-10 785,384 580,461 73.9% 2008-09 541,335 296,472 54.8% 2007-08 442,018 282,728 64.0% 2006-07 352,275 218,069 61.9% 2005-06 314,260 163,141 51.9% Revised Budget includes the original budget, Net Unspent appropriation, Section 16b rollovers and Program Variations. Graph 1 – Historical Capital Works Expenditure (2005-06 to 2013-14) NonFinancial (Milestone) Outcomes Delivery of the 2013-14 Capital Works Program is also measured against nonfinancial indicators, reported through monthly milestone updates. Project progress is recorded by agencies against key milestones for the new works program, inclusive of the 201314 Capital Upgrades and Urban Improvement Programs. Functional Briefs The lodgement of functional briefs is a key indicator of progress made during the project initiation phase of the new works program. Functional briefs for 90 projects were completed during the financial year. Significant projects have completed functional briefs included: Coombs P-6 School Construction Funding; Cravens Creek Water Quality Control Pond; ESA Station Upgrade and Relocation – South Tuggeranong Station; Canberra College Cares – New Building at Phillip Campus; Common Ground Supportive Housing; Alexander Maconochie Centre Additional Facilities; Manuka Oval – New Spectator Facilities and Media Infrastructure; National Arboretum Canberra – Water Security; Belconnen High School Modernisation – Stage 1; Tuggeranong Introductory English Centre; Ainslie Music Hub; Bridge Strengthening on Commercial Routes – Barry Drive; New Southern Cemetery Design;