Rural Industries Research and Development Corporation

xx	xx	Consolidated Budget 1997/98	Consolidated Budget 1998/99	RC&M % ₁	Elim. on Cons. ⁹	Core Budget 1998/99	Levy / SA Budget 1998/99	NOTES
INCOME		xx	xx	xx	xxxx	xx	xx	xx
Commonwealth Appropriation		10,797,000	10,993,000	48.1%		10,993,000		2
Other External Income		9,458,833	11,862,149	51.9%	(1,538,700)	1,528,062	11,872,787	3
Total Income		20,436,677	22,855,149	100.0%	(1,538,700)	12,521,062	11,872,787

EXPENDITURE

1. PROSPECTIVE NEW INDUSTRIES
1.1	New Plant Products	1,019,127	1,311,555			1,311,555
	RC&M	57,000	60,000	4.4%		60,000
1.2	New Animal Products	887,000	900,000			860,000	40,000	4
	RC&M	51,355	51,355	5.4%		50,000	1,355
	Levy Collection Costs	160	150				150
Portfolio 1 Research Sub -Total		1,906,127	2,211,555			2,171,555	40,000
Portfolio 1 RC&M Sub-Total		108,515	111,505	4.8%		110,000	1,505
Portfolio 1 Total		2,014,642	2,323,060			2,281,555	41,505

2. EMERGING NEW INDUSTRIES
2.1	Asian Foods	557,000	580,000			580,000
	RC&M	35,000	35,000	5.7%		35,000
2.2	Agroforestry	1,624,520	3,291,968		(700,000)	700,000	3,291,968
	RC&M	83,687	130,794	3.8%		-	130,794
2.3	Cashews	261,000	200,000			200,000
	RC&M	14,000	18,000	8.3%		18,000
2.4	Deer	350,000	270,000				270,000
	RC&M	25,400	25,000	8.5%		-	25,000
	Levy Collection Costs	8,600	15,000			-	15,000
2.5	Essential Oils & Plant Extracts	429,000	453,599			453,599		5
	RC&M	25,000	25,000	5.2%		25,000
2.6	Organic Produce	200,000	250,000			250,000
	RC&M	20,000	38,000	13.2%		38,000
2.7	Rare Natural Animal Fibres	203,000	194,000			150,000	44,000
	RC&M	23,342	22,000	10.2%		11,500	10,500
	Levy Collection Costs	1,700	2,000			-	2,000
2.8	Tea Tree Oil	179,000	362,187		(167,000)	167,000	362,187
	RC&M	22,000	22,000	5.7%		-	22,000
2.9	Wildflowers & Native Plants	505,000	539,348			539,348		5
	RC&M	51,000	49,000	8.3%		49,000
Portfolio 2 Research Sub -Total		4,308,520	6,141,102	-		3,039,947	3,968,155
Portfolio 2 RC&M Sub-Total		309,729	381,794	5.6%		176,500	205,294
Portfolio 2 Total		4,618,249	6,522,896			3,216,447	4,173,449

				Consolidated Budget 1997/98			Consolidated Budget 1998/99	RC&M % ₁		Elim.	Core		Levy / SA			NOTES
										on	Budget		Budget
										Cons. ⁹	1998/99		1998/99
3. ESTABLISHED RURAL INDUSTRIES
3.1	Chicken Meat			1,818,000			1,900,000						1,900,000
	RC&M			110,479			117,000	5.8%			-		117,000
	Levy Collection Costs			21,000			21,000				-		21,000
3.2	Egg Industry			1,492,207			1,648,792						1,648,792
	RC&M			134,100			152,700	8.5%			-		152,700
	Levy Collection Costs			22,000			22,700				-		22,700
3.3	Honeybee			420,000			480,000						480,000
	RC&M			34,600			40,000	7.7%			-		40,000
	Levy Collection Costs			15,000			16,800				-		16,800
3.4	Rice			2,748,622			2,850,000						2,850,000
	RC&M			121,508			130,000	4.4%			-		130,000
	Levy Collection Costs			200			200				-		200
3.5	Horses			677,549			710,000			(365,000)	365,000		710,000
	RC&M			72,451			70,000	9.0%			-		70,000
3.6	Fodder Crops			154,029			154,000				154,000
	RC&M			15,971			16,000	9.4%			16,000
3.7	Pasture Seeds			260,000			350,000				63,000		287,000
	RC&M			16,600			19,500	5.3%			-		19,500
	Levy Collection Costs			700			700				-		700
Portfolio 3 Research Sub -Total		7,570,407					8,092,792				582,000				7,875,792
Portfolio 3 RC&M Sub-Total			564,609				606,600		6.3%		16,000	590,600
Portfolio 3 Total			8,135,016				8,699,392				598,000	8,466,392

4. FUTURE AGRICULTURAL SYSTEMS
4.1	Global Competitiveness			512,000			550,000				550,000
	RC&M			46,000			36,000	6.1%			36,000
4.2	Resilient Agricultural Systems			1,684,770			1,325,000				1,325,000
	RC&M			120,863			95,285	6.7%			95,285
4.3	Human Capital, Comm, Info Sys			1,456,340			1,450,000				1,450,000
	RC&M			101,179			91,000	5.9%			91,000
Portfolio 4 Research Sub -Total					3,653,110		3,325,000				3,325,000			-
Portfolio 4 RC&M Sub-Total					268,042		222,285	6.3%			222,285			-
Portfolio 4 Total					3,921,152		3,547,285				3,547,285			-
Program Development					230,000		412,500				412,500						6
General Program Coordination					214,709		194,640			(245,360)	440,000
Program Benefit/Cost Analysis					50,000		75,275				75,275

TOTALS
TOTAL RESEARCH & DEVELOPMENT						17,668,164	20,182,949				9,531,002			11,883,947
TOTAL RC&M					1,660,279		1,592,099	7.0%			1,040,060			797,399
				19,328,443			21,775,048	92.0%			10,571,062		12,681,346
FUNCTION AREAS
Corporate					534,435		500,000	2.1%			500,000
Communications					373,000		500,000	2.1%			500,000
Administration					961,396		888,660	3.8%		(61,340)	950,000						7
TOTAL FUNCTION AREAS					1,905,000		1,888,660	8.0%			1,950,000			-

TOTAL EXPENDITURE					21,233,443		23,663,708			(1,538,700)	12,521,062			12,681,346

Net Surplus/Deficit					(796,766)		(808,559)			-	-			(808,559)

Accumulated Position⁸	Accumulated		Accumulated
	Surplus/(Deficit)	Surplus/(Deficit)	Surplus/(Deficit)
	1/7/98	1998/99	30/6/99

RIRDC	(1,248,818)	-	(1,248,818)
Agroforestry	82,762	(82,762)	-
Tea Tree Oil	92,722	(67,346)	25,376
Buffalo	93,512	(22,505)	71,007
Chicken	1,724,579	(280,000)	1,444,579
Deer	218,891	(117,500)	101,391
Egg	1,497,733	(209,246)	1,288,487
Goat	2,754	(2,500)	254
Honeybee	390,180	(134,300)	255,880
Horse	116,552	(30,000)	86,552
P.Seed	160,988	(52,200)	108,788
Rice	677,573	189,800	867,373
Total	3,809,428	(808,559)	3,000,869

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.	RIRDC core funding of $10,993,000 million in 1998/99 is being appropriated in the context of the Federal Budget 1998/99. Each year this level of funding is indexed to reflect inflation movements. The indexation factor on 1997/98 funding of $10,819,000 has been set at 1.6 per cent.
3.	Other external income includes all revenue, other than Commonwealth appropriation, received by the Corporation. It includes revenue from statutory levies, voluntary contributions, collaborative income received from other agencies, interest earned on funds held by the Corporation and publication revenue.
4.	Buffalo related projects form part of Sub-Program 1.2 ‘New Animal Products’. Funding for these projects is drawn from appropriate statutory levy. Details are at Appendix 2, Table 3, page *.
5.	These sub-programs will receive voluntary industry contributions but the magnitude of any contributions depends upon which projects are selected for funding in 1998/99.
6.	These funds are held by the Corporation to fund unforeseen investment opportunities which are likely to arise during 1998/99. These funds are available for commitment at the discretion of the Managing Director.
7.	In 1998/99, the Corporation has budgeted capital expenditure of $115,000. The related depreciation expense has been budgeted at nearly $21,000 and is included in the Administration functional area.
8.	See Appendix 2 (p.*, Tables 1 through 12 for further details on Industry Sub Accounts.)
9.	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 Operation Plan

THE 1998-99 BUDGET