Page 3653 week08 2004 - 5th Assembly Hansard

Legislative Assembly for the ACT: 2004 Week 08 Hansard (Thursday, 5 August 2004) . . Page.. 3653 ..

(1) What percentage of the capital works budget for 2002-03 was completed in that financial year;

(2) What percentage of funds allocated were (a) spent and (b) not spent and what is the dollar figure for these amounts;

(3) How do you explain any underspend;

(4) What are the main areas of underspend and why;

(5) What projects did you expect to complete but failed to complete.

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

In relation to Questions (1) and (2), please refer to the June 2003 Quarterly report on the Capital Works Program.

In relation to Questions (3) to (5), please refer to:

• the Auditor-General’s Report No. 10 2003, which included a chapter on Capital Works expenditure for 2002-03;

• the 2002-03 Agency annual financial statements, which have a section on their capital expenditure; and

• the final Capital Works report for 2002-03.

Finance—knowledge fund
(Question No 1698)

Mr Smyth asked the Minister for Economic Development, Business and Tourism, upon notice, on 1 July 2004:

(1) How much money was still in the knowledge fund at the end of the 2003-04 financial year;

(2) Why was the allocation for 2003-04 not spent;

(3) Please list all of the beneficiaries of the knowledge fund in 2003-04;

(4) How much funding will be available through the knowledge fund in 2004-05.

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

(1) The total budgeted amount for the Knowledge Fund in 2003-04 of $3million has been expended.

(2) All the allocation has either been spent or committed in the 2nd Round, which was completed at the end of June 2004.

(3) All the beneficiaries of the Knowledge Fund in 2003-2004 are listed in Attachment A.

(4) The budget for the Knowledge Fund in 2004-05 is $5million.