Rural Industries Research and Development Corporation Annual Operational Plan 1999-2000

Rural Industries Research & Development Corporation

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RIRDC ANNUAL OPERATIONAL PLAN 1999 - 2000

The 1999–2000 Budget
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Table 1: RIRDC Accrual Budget Summary

Table 2: Program Funding by Source

Table 3: Cashflow Forecast

Table 4: Associated Dried Fruits R&D Council - Budget Summary

Table 1: RIRDC Accrual Budget Summary ($)

		Consolidated Budget 1998/1999	Consolidated Budget 1999/2000	RC&M % ¹	Elim. on Cons. ⁷	Core Budget 1999/2000	Levy / SA Budget 1999/2000	N o t e s
INCOME
Commonwealth Appropriation		10,993,000	11,091,000	50.0%		11,091,000	-
Statutory Industry Levies		3,827,200	3,709,822			-	3,709,822
Commonwealth Matching Contributions		3,287,200	3,016,989			-	3,016,989
External Contributions		3,738,343	3,505,911			443,500	3,062,411
Other Income		1,009,406	864,360	3.9%	(1,672,100)	750,960	1,785,500	2
Total Income		22,855,149	22,188,082	53.9%	(1,672,100)	12,285,460	11,574,722

EXPENDITURE

1. PROSPECTIVE NEW INDUSTRIES
1.1	New Plant Products	1,311,555	1,500,000			1,500,000	-
	Communications	-	27,000			27,000	-
	RC&M	60,000	65,000	4.2%		65,000	-
1.2	New Animal Products	900,000	960,000			920,000	40,000
	Communications	-	18,000			17,000	1,000
	RC&M	51,355	53,200	5.3%		52,000	1,200
	Levy Collection Costs	150	100			-	100
Portfolio 1 Research Sub -Total		2,211,555	2,460,000			2,420,000	40,000
Portfolio 1 Communications		-	45,000			44,000	1,000
Portfolio 1 RC&M Sub-Total		111,505	118,300	4.6%		117,000	1,300
Portfolio 1 Total		2,323,060	2,623,300			2,581,000	42,300

2. EMERGING NEW INDUSTRIES
2.1	Asian Foods	580,000	598,000			598,000	-
	Communications	-	9,000			9,000	-
	RC&M	35,000	35,000	5.5%		35,000	-
2.2	Agroforestry and Farm Forestry	3,291,968	3,399,406		(700,000)	700,000	3,399,406
	Communications	-	43,000		(13,000)	13,000	43,000
	RC&M	130,794	135,000	3.8%		-	135,000
*	Cashews	200,000	-			-	-	3
	Communications	-	-			-	-
	RC&M	18,000	-			-	-
2.3	Deer	270,000	275,000		(100,000)	100,000	275,000
	Communications	-	5,000		(2,000)	2,000	5,000
	RC&M	25,000	25,200	8.4%		-	25,200
	Levy Collection Costs	15,000	11,000			-	11,000
2.4	Essential Oils & Plant Extracts	453,599	475,000			475,000	-
	Communications	-	9,000			9,000	-
	RC&M	25,000	20,000	4.0%		20,000	-
2.5	Organic Produce	250,000	275,000			275,000	-
	Communications	-	5,000			5,000	-
	RC&M	38,000	41,750	13.2%		41,750	-
2.6	Rare Natural Animal Fibres	194,000	180,000			150,000	30,000
	Communications	-	6,000			3,000	3,000
	RC&M	22,000	21,300	10.6%		11,700	9,600
	Levy Collection Costs	2,000	1,100			-	1,100
2.7	Tea Tree Oil	362,187	342,503		(150,000)	150,000	342,503
	Communications	-	3,000		(3,000)	3,000	3,000
	RC&M	22,000	26,100	7.1%	(15,000)	15,000	26,100
2.8	Wildflowers & Native Plants	539,348	550,000			550,000	-
	Communications	-	10,000			10,000	-
	RC&M	49,000	41,000	6.9%		41,000	-

		Consolidated Budget 1998/1999	Consolidated Budget 1999/2000	RC&M % ¹	Elim. on Cons. ⁷	Core Budget 1999/2000	Levy / SA Budget 1999/2000	N o t e s
Portfolio 2 Research Sub -Total		6,141,102	6,094,909	-		2,998,000	4,046,909
Portfolio 2 Communications		-	90,000			54,000	54,000
Portfolio 2 RC&M Sub-Total		381,794	357,450	5.4%		164,450	208,000
Portfolio 2 Total		6,522,896	6,542,359			3,216,450	4,308,909

3. ESTABLISHED RURAL INDUSTRIES
3.1	Chicken Meat	1,900,000	2,012,790			-	2,012,790
	Communications	-	32,000			-	32,000
	RC&M	117,000	119,210	5.6%		-	119,210
	Levy Collection Costs	21,000	15,000			-	15,000
3.2	Egg Industry	1,648,792	1,366,778			-	1,366,778
	Communications	-	20,000			-	20,000
	RC&M	152,700	159,300	10.4%		-	159,300
	Levy Collection Costs	22,700	20,000			-	20,000
3.3	Honeybee	480,000	501,000			-	501,000
	Communications	-	5,000			-	5,000
	RC&M	40,000	38,000	7.1%		-	38,000
	Levy Collection Costs	16,800	16,800			-	16,800
3.4	Rice	2,850,000	3,330,000			-	3,330,000
	Communications	-	10,000			-	10,000
	RC&M	130,000	140,000	4.0%		-	140,000
	Levy Collection Costs	200	200			-	200
3.5	Horses	710,000	762,000		(365,000)	365,000	762,000
	Communications	-	10,000		(6,000)	6,000	10,000
	RC&M	70,000	89,600	10.5%		-	89,600
3.6	Fodder Crops	154,000	175,000			175,000	-
	Communications	-	3,000			3,000	-
	RC&M	16,000	18,000	9.3%		18,000	-
3.7	Pasture Seeds	350,000	324,000			4,000	320,000
	Communications	-	5,000			-	5,000
	RC&M	19,500	17,000	5.0%		-	17,000
	Levy Collection Costs	700	700			-	700
Portfolio 3 Research Sub -Total		8,092,792	8,471,568			544,000	8,292,568
Portfolio 3 Communications		-	85,000			9,000	82,000
Portfolio 3 RC&M Sub-Total		606,600	633,810	6.4%		18,000	615,810
Portfolio 3 Total		8,699,392	9,190,378			571,000	8,990,378

4. FUTURE AGRICULTURAL SYSTEMS
4.1	Global Competitiveness	550,000	650,000			650,000	-
	Communications	-	12,000			12,000	-
	RC&M	36,000	35,000	5.1%		35,000	-
4.2	Resilient Agricultural Systems	1,325,000	1,475,000			1,475,000	-
	Communications	-	27,000			27,000	-
	RC&M	95,285	74,000	4.8%		74,000	-
4.3	Human Capital, Comm, Info Sys	1,450,000	1,461,000			1,461,000	-
	Communications	-	41,000			41,000	-
	RC&M	91,000	72,000	4.7%		72,000	-
Portfolio 4 Research Sub -Total		3,325,000	3,586,000			3,586,000	-
Portfolio 4 Communications		-	80,000			80,000	-
Portfolio 4 RC&M Sub-Total		222,285	181,000	4.8%		181,000	-
Portfolio 4 Total		3,547,285	3,847,000			3,847,000	-
Program Development		412,500	430,000			430,000	-
General Program Coordination		194,640	235,520		(254,480)	490,000	-
Program Benefit/Cost Analysis		75,275	75,000			75,000	-

TOTALS
TOTAL RESEARCH & DEVELOPMENT		20,182,949	21,042,477			9,978,000	12,379,477
TOTAL COMMUNICATIONS		-	300,000			187,000	137,000
TOTAL RC&M		1,592,099	1,601,080	6.7%		1,045,450	825,110
		21,775,048	22,943,557	92.9%		11,210,450	13,341,587

	Consolidated Budget 1998/1999	Consolidated Budget 1999/2000	RC&M % ¹	Elm. on Cons.⁷	Core Budget 1999/2000	Levy / SA Budget 1999/2000	N o t e s
FUNCTION AREAS
Corporate	500,000	535,538	2.2%		535,538
Communications	500,000	325,000	1.3%		325,000
Administration	888,660	880,162	3.6%	(63,620)	943,782		4
TOTAL FUNCTION AREAS	1,888,660	1,740,700	7.1%		1,804,320	-

TOTAL EXPENDITURE	23,663,708	24,684,257		(1,672,100)	13,014,770	13,341,587

Net Surplus/Deficit	(808,559)	(2,496,175)		-	(729,310)	(1,766,865)

Accumulated Position₅	Accumulated Surplus/(Deficit) 1/7/1999		Accumulated Surplus/(Deficit) 30/6/2000
RIRDC	(352,298)	(729,310)		(1,081,608)
Agroforestry Farm Forestry	414,849	(318,495)		96,354
Tea Tree Oil	75,962	(4,103)		71,859
Buffalo	66,206	(24,300)		41,906
Chicken Meat	1,716,319	(479,000)		1,237,319
Deer	117,111	(36,200)		80,911
Eggs	1,252,978	(30,267)		1,222,711
EIDF ₆	543,569	(56,500)		487,069
Goats	(4,424)	2,300		(2,124)
Honeybee	337,721	(147,800)		189,921
Horses	139,654	(109,600)		30,054
Pasture Seeds	206,765	(67,700)		139,065
Rice	1,254,379	(495,200)		759,179
Total	5,768,791	(2,496,175)		3,272,616

TABLE 1 - EXPLANATORY NOTES
1. All Research Co-ordination and Management (RC&M) percentages have been derived by dividing total RC&M expenditure excluding levy collection costs by total program expenditure including RC&M expenditure.

2. Other income includes interest earned on funds held by the Corporation, publication sales revenue, royalties and project income.

3. For 1999/2000, the cashews Sub Program has been incorporated into Sub Program 1.1 New Plant Products.

4. In 1999/2000, the corporation has budgeted capital expenditure of $170,000. The related depreciation expense has been included in the Administration functional area.

5. See Appendix 1, Tables 1 through 12 for further details on Industry Sub Accounts.

6. Egg Industry Development Fund.

7. Eliminations on consolidation represent Program Management Service Fees (cost recovery basis) applied to Sub Accounts by RIRDC Core and RIRDC Core contributions to R&D programs of applicable Sub Accounts.

RIRDC ANNUAL OPERATIONAL PLAN 1999 - 2000 - CONTENTS PAGE