Note 11: Cash flow reconciliation

11.1 Cash and cash equivalents

	2007 $’000	2006 $’000
Cash and deposits (as per Balance Sheet)	61,069	48,317
Cash and cash equivalents in Cash Flow Statement	61,069	48,317

The definition of cash can be found at note 2.11(a). Refer to note 7.1 for details of cash and deposits.

11.2 Reconciliation of operating surplus to net cash from operating activities

Net surplus/(deficit)	25,747	(8,381)
Depreciation and amortisation	28,629	26,849
Gain/(loss) from sale of non-financial assets	(185)	87
Revenue on revaluation of non-financial assets	-	(9,903)
Initial recognition of Allport Library and Museum of Fine Arts assets	(29,503)	-
Provision for doubtful debts	170	150
Decrease/(increase) in receivables	274	(926)
Decrease/(increase) in other assets	896	(471)
Increase/(decrease) in employee entitlements	515	7,129
Increase/(decrease) in payables	(327)	80
Increase/(decrease) in other liabilities	3,367	674
Other non cash movements	161	-
Net cash provided/(used) by operating activities	29,744	15,288

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11.3 Acquittal of capital investment and special capital investment funds

The department received works and services appropriation funding and revenues from the Economic and Social Infrastructure Fund to fund specific projects.

Cash outflows relating to these projects are listed below by category.

Budget information refers to original estimates and has not been subject to audit.

a) Project expenditure

	2007 Budget $’000	2007 Actual $’000	2006 Actual $’000
Capital Investment Program
New projects
Claremont Young Mothers’ Program	300	300	-
Kingston Education Infrastructure Initiative ¹	3,000	190	-
Lansdowne Crescent Primary School	250	195	-
Norwood Primary School	450	450	-
Reducing Class Sizes	-	450	-
Supporting School Farms	100	100	-
TAFE Tasmania - Alanvale Campus	385	385	-
TAFE Tasmania - Hobart Campus	150	150	-
TAFE Tasmania - IT Infrastructure	500	500	-
Glen Dhu Primary School	-	221	-
Timsbury Road School	-	326	-
Continuing projects
Bridgewater High School	477	477	1,080
Campbell Town District High School	-	-	861
East Launceston Primary School	-	-	2,150
Forth Primary School ¹	376	594	50
Illawarra Primary School	-	-	1,831
Launceston Northern Suburbs ¹	1,462	262	191
North-West Support School and Inclusive Education Training Facility	949	949	551
Riverside High School	1,395	1,395	1,200
Scottsdale High School	774	774	864
Sorell School	600	600	600
Southern Branch Support School and Inclusive EducationTraining Facility ¹	2,808	58	300
Yolla District High School ¹	410	895	300
TAFE Tasmania - Alanvale Campus	1,500	1,500	1,360
TAFE Tasmania - Claremont Campus redevelopment	-	-	400
TAFE Tasmania - Claremont Centre	760	760	740
TAFE Tasmania - Devonport Campus	-	-	730
TAFE Tasmania - Hobart Laboratory Training Facility	-	-	380
TAFE Tasmania - Multi-site infrastructure upgrades	-	-	640
Montagu Bay Primary School	297	297	410
Rokeby High School ¹	520	730	311
New Town High School	-	-	667
Punchbowl Primary School	-	-	75
Mount Stuart Primary School ¹	283	138	280
TAFE Tasmania - Infrastructure support	850	850	850
TAFE Tasmania - Clarence Campus	-	-	800
Bowen Road Primary School	-	-	364
Latrobe High School	-	-	209
New Norfolk High School	-	-	125
Ogilvie High School	-	-	1,737
Rosetta High School	-	-	1,154
Smithton High School	-	-	1,043
Warrane Primary School	-	-	194
TAFE Tasmania - Statewide IT flexible delivery project	-	-	450
TAFE Tasmania - Statewide Infrastructure upgrades	-	-	445
Total	18,596	13,546	23,342
Community Health and Well Being
Community Health and Well Being	-	-	14,064
Total	-	-	14,064
Special capital investment funds
Economic and Social Infrastructure Fund
Information and Communication Technology Strategy in Schools	6,202	6,059	6,880
Students with Higher Needs	-	90	3,352
Total	6,202	6,149	10,232

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The variations between budget and actual for the identified projects are due to timing factors which resulted in reallocation of funds between projects and in some cases section 8A carry forward of funds.

b) Classification of cash flows

The project expenditure above is reflected in the Cash Flow Statement as follows:

	2007 $’000	2006 $’000
Cash outflows
Other cash payments
Wages and salaries	2,809	5,177
Superannuation	277	259
Other expenses	201	1,885
Personnel expenses	-	11
Grants	335	3,265
Buildings and infrastructure maintenance	14,785	36,185
Information technology	632	713
Supplies and consumables	595	4
Travel and transport	54	113
Communications	7	26
Total cash outflows	19,695	47,638

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11.4 Financing facilities

The department has a total of $2.07 million in financing facilities in relation to 530 issued Tasmanian Government Credit Cards (TGCC). The total undrawn balance in relation to the TGCC facility as at 30 June 2007 was $1.9 million. The use of cards under the TGCC within the department is in accordance with Treasurer’s Instruction 705.

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