Rural Industries Research & Development Corporation

RIRDC Annual Operation Plan

THE 1998-99 BUDGET

Table 1. Accrual Budget Summary
Table 3: Cashflow Forecast
Table 4: Associated Dried Fruits R&D Council – Budget Summary

Table 2: Income by Source, 1998-99

	STATUTORY	VOLUNTARY	COLLABORATIVE	TOTAL	NOTES
	LEVY	INDUSTRY	INCOME	INCOME
	INCOME	CONTRIBUTION
	(incl. Cmth Matching)
	(A)	(B)	(C)	(A+B+C)

1. PROSPECTIVE NEW INDUSTRIES
1.1 - New Plant Products		58,560	85,995	144,555	1
1.2 - New Animal Products	14,000		10,000	24,000	2

2. EMERGING NEW INDUSTRIES
2.1 - Asian Foods			30,000	30,000	3
2.2 - Agroforestry			2,600,000	2,600,000	4
2.3 - Cashews				-
2.4 - Deer	167,500			167,500	5
2.5 - Essential Oils and Plant Extracts			53,599	53,599	6
2.6 - Organic Produce				-
2.7 - Rare Natural Animal Fibres	53,000			53,000	7
2.8 - Tea Tree Oil		144,841		144,841	8
2.9 - Wildflowers and Native Plants			39,348	39,348	9

3. ESTABLISHED RURAL INDUSTRIES
3.1 - Chicken Meat	1,638,000			1,638,000	10
3.2 - Egg Industry	1,514,946			1,514,946	11
3.3 - Honeybee	372,500			372,500	12
3.4 - Rice	3,110,000			3,110,000	13
3.5 - Horses		365,000		365,000	14
3.6 - Fodder Crops				-
3.7 - Pasture Seeds	245,000			245,000	15

4. FUTURE AGRICULTURAL SYSTEMS
4.1 - Global Competitiveness				-
4.2 - Resilient Agricultural Systems		210,000		210,000	16
4.3 - Human Capital, Communications, Info Systems			141,000	141,000	17
				-
Other Income				12,001,860	18

	7,114,946	778,401	2,959,942	22,855,149

TABLE 2 - EXPLANATORY NOTES



1.	Sub program 1.1 ‘New Plant Products’ is budgeting to receive $58,560 for lychee, rambutan and longon related projects. Collaborative Income is budgeted at $85,995 from other RDC's and other funding bodies.
2.	Sub program 1.2 ‘New Animal Products’ is budgeting to receive $10,000 in 1998/98 from the South Australian Government for an emu project.
3.	Sub program 2.1 'Asian Foods' is budgeted to receive $30,000 from the Horticultural Research and Development Corporation's vegetable levy to part-fund two new projects.
4.	Sub program 2.2 'Agroforestry' is a joint venture activity which the corporation manages on behalf of several Federal agencies. For 1998-99, RIRDC is budgeting to contribute $700,000. Details on other contributors are as follows.
	Land and Water RDC	$500,000
	Forest and Wood Products RDC	$100,000
	Murray Darling Basin Commission	$275,000
	Energy RDC (biomass project)	$130,000
	DPIE Farm Forestry Project Funding*	$595,000
	Commonwealth Funds from Natural Heritage Trust	$1,000,000

	TOTAL	$2,600,000
	* $400,000 of this amount is subject to approval by the Minister for Primary Industries and Energy. Project Funding is dependent on the external funds being received by the Corporation. Further details are at Appendix 2, Table 1.
5.	See Appendix 2, Table 5
6.	Sub program 2.5 ‘Essential Oils and Plant Extracts’ is budgeting to receive $53,599 as collaborative income from external sources.
7.	See Appendix 2, Table 8 .
8.	Pending the introduction of a statutory levy, the tea tree industry provides voluntary contributions to support the research effort. Most of these funds underpin the research effort - others specific projects. In 1998-99 total revenue of $144,841 is budgeted made up of :
	Voluntary levy	$90,000
	Bodycare Ltd	$29,841
	Thursday Plantations	$25,000

	TOTAL	$144,841
	Further details are at Appendix 2, Table 2
9.	Sub program 2.9 ‘Wildflowers and Native Plants’ is budgeting to receive $39,348 as collaborative income from external sources.
10.	See Appendix 2, Table 4 for details.
11.	See Appendix 2, Table 6 and Table 7 for details.
12.	See Appendix 2, Table 9 for details.
13.	See Appendix 2, Table 12 for details.
14.	Pending the introduction of an industry levy, Sub program 3.5 'Horses' is funded by voluntary industry contributions. These contributions are matched by the Corporation from core funds. The bulk of these industry funds come from the Conference of Principal Racing Clubs. For further details refer to Appendix 2, Table 10 .
15.	See Appendix 2, Table 11 for details.
16.	There are a group of projects in Sub program 4.2 which are directed to developing alternatives to methyl bromide. These projects are funded partly from a levy imposed on imports. This levy is expected to raise $210,000 in 1998-99. The levy was doubled on 1 January 1998 to 40c/kg and it is assumed that import volumes will be reduced by 25 per cent on current levels.
17.	Collaborative income of $141,000 from Wool, Grains, Meat and Cotton RDC's for RIRDC’s 1998/99 Occupational Farm Health & Safety Program.
18.	Other Income includes RIRDC’s core Commonwealth appropriation, interest, publications and project refunds. It is also includes interest and other income for the industry sub-accounts.