Page 5816 - Week 15 - Thursday, 10 December 2009
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A capital grant was provided to ACT Netball for the development of the Lyneham Precinct, in association with the Government.
Capital grants have been paid for the development of various health related facilities at Calvary Public Hospital, including the sterilising facility and sub non-acute inpatient service in 2006-07, plant and buildings upgrades in 2007-08 and buildings upgrades and the development of elective surgery infrastructure in 2008-09.
The Affordable Housing Action Plan grant relates to the cash component to cover three (3) dwellings transferred to Community Housing Canberra (CHC) under the Plan.
Two housing assistance grants were paid in 2006-07. The amounts paid represented the amounts outstanding to assist with the completion of a four aged persons units and a 10 bedroom house under the Abbeyfield model to house persons with disabilities.
Under an agreement approved in 2006, the Canberra Racing Club receives one capital grant from the ACT Government through the RDF each year from 2005-06 to 2013-14 to repay a loan to upgrade the Club’s track.
The Canberra Harness Racing Club and Canberra Greyhound Racing Club each received a capital grant payment of over $100,000 in the 2006-07 financial year for the installation of fibre optic cable to allow each club to broadcast on Sky Channel.
Sport and Recreation grants have been provided largely to development or redevelopment of assets, and drought assistance for sporting organisations.
(3)(a) In all cases, except the transfer of the Griffin Legacy Project, the payment of capital grants results in a decrease in Cash and Deposits and or Investments, Loans and Placements recorded in the Balance Sheet, and there is no corresponding increase in Property, Plant and Equipment as the assets do not belong to the Territory.
Granting the Griffin Legacy Project reduced the value of Property, Plant and Equipment recorded by the Territory. There was no cash associated with this transfer.
In addition, the three Sport and Recreation grants provided in 2007-08 and three in 2008-09 also increased the value of Property, Plant and Equipment assets, as the Territory owns the assets concerned although they are sub leased to sports organisations.
(3)(b) Capital grants are recorded in Grants and Subsidies Paid in the Operating Payments section of the General Government Sector cashflow statement, with the exception of the Griffin Legacy Project grant, which was a non cash transfer.
(4) See Question 1.
(5) See Question 2.
(6) The former ACT roads and reserves related to the Griffin Legacy Project were transferred to the National Capital Authority under a Memorandum of Understanding between the Commonwealth and ACT Governments.
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