Public Sector Expenditure

315 The Hon. S.C. MULLIGHAN (Lee) (25 July 2018). What is the estimated level for 2017-18 of both capital and operating expenditure underspending (or overspending) for all departments and agencies, which were not classified in the general government sector?

The Hon. S.S. MARSHALL (Dunstan—Premier): The Treasurer has advised:

During 2017-18 agency budgets were revised to reflect decisions made in the Mid-Year Budget Review as well as any subsequent decisions of the government. Agencies are monitored against that revised budget.

Agencies that are not in the general government sector are monitored on a quarterly basis.

In the March monitoring report the following agencies were reporting the following variations against their approved 2017-18 budgets:

Operating profit before tax:

SA Housing Trust ($27.4 million below budget) as a result of lower tenant rent revenues and increased building write-offs

SA Water ($7.6 million below budget) as a result of lower water sales

Adelaide Venue Management Corp ($3.4 million above budget) as a result of higher revenue from conferences, exhibitions, banquets and seminars associated with the Adelaide Convention Centre Events Division

Adelaide Festival Centre Trust ($0.4 million above budget) as a result of increased sales revenue partially offset by an increase in programming and marketing expense

West Beach Trust ($0.2 million below budget) as a result of lower revenue primarily due to the revised operating model of the Caravan Park Café and the continued downward trend in golf green fee and membership revenue

Investing:

SA Water ($79.6 million underspend) as a result of delays associated with the North Adelaide Irrigation Scheme and Kangaroo Creek Dam projects

SA Housing Trust ($65.4 million underspend) as a result of delays associated with the Better Neighbourhoods, Social Housing and Remote Indigenous Housing projects

Adelaide Festival Centre Trust ($17.3 million underspend) as a result of delays associated with the Her Majesty's Theatre project

West Beach Trust ($0.5 million underspend) as a result of a revised commencement date for the construction of nine new cabins at the West Beach Resort

Renewal SA ($0.3 million overspend) as a result of the construction of a soil bank stockpile cover structure for managing low level contaminated soil

Cemeteries Authority ($0.1 million underspend) as a result of costs associated with purchasing a new business information system being expensed rather than capitalised.