A breakdown of YTD expenditure by agency is provided in Table 2 below. Table 2 – Capital Works Program Expenditure – as at YTD March 2017 2016-17 Total YTD March Percentage funds available 2017 spent YTD Agency for expenditure expenditure March 2017 $’000 $’000 Canberra Institute of Technology 3,886 2,813 72 Chief Minister, Treasury and Economic Development Directorate 285,880 110,538 39 Community Services Directorate 1,764 281 16 Cultural Facilities Corporation 1,774 1,461 82 Education Directorate 46,862 9,589 20 Environment Planning and Sustainable Development Directorate 23,396 3,959 17 Health Directorate 218,974 107,836 49 Housing ACT 5,565 3,966 71 Justice and Community Safety Directorate 27,073 14,057 52 Office of the Legislative Assembly 943 665 71 Transport Canberra and City Services Directorate 152,766 80,754 53 768,883 335,919 44 TOTAL Capital Delivery Provision The 2016-17 Budget included a Capital Delivery Provision to improve the accuracy of the overall budget estimates. While agencies are funded to deliver each capital project according to agreed timelines, there remain risks to the delivery of each project. Reflecting these risks, but recognising that it is not possible to identify whether they will eventuate for any given project, the Government has adjusted the forecast of the aggregate Capital Works Program expenditure. The adjustment is based on past outcomes and risk analysis. This provision is included at a whole of government level and does not affect the timely delivery of any project. The current level of expenditure against the 2016-17 Budget, adjusted for the Capital Delivery Provision, is provided in Table 3: Table 3 – Performance against Capital Delivery Forecast YTD March 2017 2016-17 Total funds 2016-17 Capital 2016-17 Capital Actual expenditure Percentage available for expenditure Delivery Provision delivery forecast YTD against Capital spent YTD delivery forecast March 2017 ($’000) adjustment ($’000) ($’000) ($’000) 768,883 -109,366 659,517 335,919 51
A breakdown of YTD expenditure by agency is provided in Table 2 below. Table 2 – Capital Works Program Expenditure – as at YTD March 2017 Agency 2016-17 Total funds available for expenditure $’000 YTD March 2017 expenditure $’000 Percentage spent YTD March 2017 Canberra Institute of Technology 3,886 2,813 72 Chief Minister, Treasury and Economic Development Directorate 285,880 110,538 39 Community Services Directorate 1,764 281 16 Cultural Facilities Corporation 1,774 1,461 82 Education Directorate 46,862 9,589 20 Environment Planning and Sustainable Development Directorate 23,396 3,959 17 Health Directorate 218,974 107,836 49 Housing ACT 5,565 3,966 71 Justice and Community Safety Directorate 27,073 14,057 52 Office of the Legislative Assembly 943 665 71 Transport Canberra and City Services Directorate 152,766 80,754 53 TOTAL 768,883 335,919 44 Capital Delivery Provision The 2016-17 Budget included a Capital Delivery Provision to improve the accuracy of the overall budget estimates. While agencies are funded to deliver each capital project according to agreed timelines, there remain risks to the delivery of each project. Reflecting these risks, but recognising that it is not possible to identify whether they will eventuate for any given project, the Government has adjusted the forecast of the aggregate Capital Works Program expenditure. The adjustment is based on past outcomes and risk analysis. This provision is included at a whole of government level and does not affect the timely delivery of any project. The current level of expenditure against the 2016-17 Budget, adjusted for the Capital Delivery Provision, is provided in Table 3: Table 3 – Performance against Capital Delivery Forecast YTD March 2017 2016-17 Total funds available for expenditure ($’000) 2016-17 Capital Delivery Provision adjustment ($’000) 2016-17 Capital delivery forecast ($’000) Actual expenditure YTD against Capital delivery forecast ($’000) Percentage spent YTD March 2017 768,883 -109,366 659,517 335,919 51