Budget expenditure
| Financial Indicators | Target/result ($000) | Comments | |
|---|---|---|---|
| Total cost of services | Actual 2016-2017 | 155,181 | The total cost of services was less than target as additional savings measures and expenditure reductions were initiated by the department to alleviate the impact of regulatory revenue shortfalls for the financial year. Total cost of services for the 2016-17 financial year is comparable to the actual for the 2015-16 financial year. |
| Target 2016-2017 | 163,667 | ||
| Actual 2015-2016 | 154,543 | ||
| Net cost of services | Actual 2016-2017 | 75,914 | Net cost of services was higher than target due to reduced collections of revenue. The department’s revenue is volatile and reflects the downturn in the resources industry which caused Mines Safety levies, Mineral Titles fees, Petroleum Titles fees and Dangerous Goods licensing fees to be lower than expected. Net cost of services for the 2016-17 financial year is comparable to the 2015-16 financial year. |
| Target 2016-2017 | 65,408 | ||
| Actual 2015-2016 | 72,277 | ||
| Total equity | Actual 2016-2017 | 205,132 | In addition to the above explanations regarding total cost of services and net cost of services, the variation is due to movements in land and building valuations for the 2016-17 financial year and a capital cash injection due to revenue shortfalls. |
| Target 2016-2017 | 210,524 | ||
| Actual 2015-2016 | 188,241 | ||
| Net increase/(decrease) in cash held | Actual 2016-2017 | 17,433 | The total increase in cash held for the 2016-17 financial year is less than target due to a combination of lower than expected revenue collections combined with the expenditure reductions initiated by the department. |
| Target 2016-2017 | 21,266 | ||
| Actual 2015-2016 | 19,959 | ||
Further details are provided in Section 7.
| Full-time equivalent (FTE) staff | Target/result (FTE) | Comment | |
|---|---|---|---|
| Total cost of services | Actual 2016-2017 | 754 | Actual FTE numbers were below the department’s approval ceiling and last year’s actual due the continuing implementation of the Government’s workforce renewal policy. |
| Ceiling 2016-2017 | 823 | ||
| Actual 2015-2016 | 770 | ||