24    Royal Tasmanian Botanical Gardens

Authority Outline

The Royal Tasmanian Botanical Gardens is a Statutory Authority, governed by the Royal Tasmanian Botanical Gardens Act 2002. The RTBG Board, comprising seven members, is appointed by the Minister and is responsible for managing, conserving and enhancing the RTBG in accordance with the RTBG Act.

The responsible Minister is the Minister for Parks, Hon Will Hodgman MP, and the supporting Agency is the Department of Primary Industries, Parks, Water and Environment.

The vision of the RTBG is to create and maintain an exceptional garden that enriches Tasmania’s social and cultural life, showcases and contributes to the conservation of the flora of Tasmania, and educates the community about the importance of plants.

The RTBG is Australia’s second oldest botanical gardens. It was established in 1818, and 2018 is therefore its bicentennial year. The gardens are home to the largest collection of mature conifers in the Southern Hemisphere and it also has the only subantarctic plant house in the world.

The mission of the RTBG is to sustainably manage the RTBG, conserve and develop the RTBG’s living collections and heritage, and create and deliver an exemplary and enlightening visitor experience and thriving organisational culture.

This chapter provides the RTBG’s budgeted financial information for 2018‑19 and over the Forward Estimates period (2019-20 to 2021-22). Further information on the RTBG is provided at www.rtbg.tas.gov.au.


Key Deliverables

The key deliverables for the RTBG include:

·       constructing a $3.6 million New Visitor Centre adjacent to the main gate, including a shop and public amenities. Construction will commence in 2018-19 and will provide contemporary world class facilities for the almost 460 000 visitors who are now coming to the gardens each year;

·       continuing to implement the Board’s Business Operational Plan for 2016‑2021 and continuing the implementation of the Strategic Master Plan and its associated recommendations;

·       developing and implementing sustainable business strategies aimed at increasing donations and self‑generated revenue;

·       implementing the remainder of the RTBG’s Bicentenary Program;

·       developing a marketing strategy, informed by recently completed brand and research projects;

·       continuing to implement the outcomes of the structural and operational review of the organisation with the aim of ensuring the most efficient and effective use of resources;

·       developing and implementing a volunteer operational management plan;

·       continuing to develop community engagement programs based around the Tasmanian Community Food Garden and other aspects of the RTBG’s operations; and

·       the ongoing operation of the Tasmanian Seed Conservation Centre and its associated research projects in partnership with the Royal Botanic Gardens Kew in London; the Department of Primary Industries, Parks, Water and Environment; the University of Tasmania; the Tasmanian Museum and Art Gallery Herbarium; and the Australian Seed Bank Partnership. The RTBG will continue to identify and secure ongoing funding for targeted collection and research programs both locally and in conjunction with the Australian Seed Bank Partnership.


 

Detailed Budget Statements

Table 24.1:       Statement of Comprehensive Income1

 

2017-18 

2018-19 

2019-20 

2020-21 

2021-22 

 

 

 

Forward 

Forward 

Forward 

 

Budget 

Budget 

Estimate 

Estimate 

Estimate 

 

$'000 

$'000 

$'000 

$'000 

$'000 

 

 

 

 

 

 

Revenue and other income from transactions

 

 

 

 

 

Grants2

2 749 

3 828 

5 494 

2 987 

3 095 

Sales of goods and services3

695 

870 

957 

1 244 

1 369 

Interest

35 

35 

35 

35 

35 

Other revenue4

431 

219 

241 

313 

344 

Total revenue and other income from transactions

3 910 

4 952 

6 727 

4 579 

4 843 

 

 

 

 

 

 

Expenses from transactions

 

 

 

 

 

Employee benefits5

2 494 

2 955 

3 014 

3 144 

3 287 

Depreciation and amortisation

317 

321 

290 

290 

290 

Supplies and consumables6

1 548 

1 303 

1 309 

1 338 

1 372 

Total expenses from transactions

4 359 

4 579 

4 613 

4 772 

4 949 

 

 

 

 

 

 

Net result from transactions (net operating balance)

(449)

373 

2 114 

(193)

(106)

 

 

 

 

 

 

Net result

(449)

373 

2 114 

(193)

(106)

 

 

 

 

 

 

Comprehensive result

(449)

373 

2 114 

(193)

(106)

 

 

 

 

 

 

Notes:

1.    Authority estimates do not include the indexation impact of any variations to Authority expenditure that have been made since the finalisation of the Revised Estimates Report 2017-18 (including December Quarterly Report). For further information see chapter 1 of this Budget Paper.

2.    The variation in Grants across the Budget and Forward Estimates primarily reflects additional funding for the New Visitor Centre project.

3.    The increase in Sales of goods and services in 2018-19 reflects the continuing implementation of the new business enterprise structure.

4.    The decrease in Other revenue in 2018-19 reflects the completion of major projects funded by external grants.

5.    The increase in Employee benefits in 2018-19 reflects changes to staffing as part of the new business enterprise structure.

6.    The decrease in Supplies and consumables in 2018-19 reflects the completion of major infrastructure maintenance programs for the bicentenary.


7.     

Table 24.2:       Statement of Financial Position as at 30 June

 

2018 

2019 

2020 

2021 

2022 

 

 

 

Forward 

Forward 

Forward 

 

Budget 

Budget 

Estimate 

Estimate 

Estimate 

 

$'000 

$'000 

$'000 

$'000 

$'000 

 

 

 

 

 

 

Assets

 

 

 

 

 

Financial assets

 

 

 

 

 

Cash and deposits1,2

258 

53 

(150)

(60)

117 

Receivables2

30 

.... 

.... 

.... 

.... 

Other financial assets

67 

68 

68 

68 

68 

 

355 

121 

(82)

185 

 

 

 

 

 

 

Non-financial assets

 

 

 

 

 

Inventories

85 

81 

81 

81 

81 

Property, plant and equipment2

10 516 

9 634 

9 509 

9 376 

9 243 

Infrastructure2

2 923 

4 854 

7 310 

7 158 

7 006 

 

13 524 

14 569 

16 900 

16 615 

16 330 

 

 

 

 

 

 

Total assets

13 879 

14 690 

16 818 

16 623 

16 515 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

Payables2

145 

84 

84 

84 

84 

Employee benefits2

567 

654 

668 

666 

664 

Other liabilities2

15 

61 

61 

61 

61 

Total liabilities

727 

799 

813 

811 

809 

 

 

 

 

 

 

Net assets (liabilities)

13 152 

13 891 

16 005 

15 812 

15 706 

 

 

 

 

 

 

Equity

 

 

 

 

 

Reserves

14 378 

14 096 

14 096 

14 096 

14 096 

Accumulated funds

(1 226)

(205)

1 909 

1 716 

1 610 

Total equity

13 152 

13 891 

16 005 

15 812 

15 706 

 

 

 

 

 

 

Notes:

1.   The decrease in Cash and deposits in 2019 partially reflects the significant change in the future operation of the entity including the construction of a New Visitor Centre and the transition to a new business enterprise structure.

2.   The variation in this item in 2019 reflects revised estimates based on 30 June 2017 actuals.


 

Table 24.3:       Statement of Cash Flows

 

2017-18 

2018-19 

2019-20 

2020-21 

2021-22 

 

 

 

Forward 

Forward 

Forward 

 

Budget 

Budget 

Estimate 

Estimate 

Estimate 

 

$'000 

$'000 

$'000 

$'000 

$'000 

 

 

 

 

 

 

Cash flows from operating activities

 

 

 

 

 

Cash inflows

 

 

 

 

 

Grants1

2 749 

3 828 

5 494 

2 987 

3 095 

Sales of goods and services2

695 

870 

957 

1 244 

1 369 

GST receipts

125 

130 

131 

132 

132 

Interest received

35 

35 

35 

35 

35 

Other cash receipts3

431 

219 

241 

313 

344 

Total cash inflows

4 035 

5 082 

6 858 

4 711 

4 975 

 

 

 

 

 

 

Cash outflows

 

 

 

 

 

Employee benefits4

(2 216)

(2 631)

(2 684)

(2 807)

(2 943)

Superannuation4

(278)

(324)

(330)

(337)

(344)

GST payments

(125)

(130)

(131)

(132)

(132)

Supplies and consumables

(1 252)

(1 303)

(1 309)

(1 338)

(1 372)

Total cash outflows

(3 871)

(4 388)

(4 454)

(4 614)

(4 791)

 

 

 

 

 

 

Net cash from (used by) operating activities

164 

694 

2 404 

97 

184 

 

 

 

 

 

 

Cash flows from investing activities

 

 

 

 

 

Payments for acquisition of non-financial assets5

(298)

(1 045)

(2 620)

(20)

(20)

Proceeds from the disposal of non-financial assets

.... 

13 

13 

13 

13 

Net cash from (used by) investing activities

(298)

(1 032)

(2 607)

(7)

(7)

 

 

 

 

 

 

Net increase (decrease) in cash and cash equivalents

held

(134)

(338)

(203)

90 

177 

 

 

 

 

 

 

Cash and deposits at the beginning of the reporting

period

392 

391 

53 

(150)

(60)

Cash and deposits at the end of the reporting period

258 

53 

(150)

(60)

117 

 

 

 

 

 

 

Notes:

1.    The variation in Grants across the Budget and Forward Estimates reflects additional funding for the New Visitor Centre project.

2.    The increase in Sales of goods and services in 2018-19 reflects the continuing implementation of the new business enterprise structure.

3.    The decrease in Other cash receipts in 2018-19 reflects the completion of major projects funded by external grants.

4.    The increases in Employee benefits and Superannuation in 2018-19 reflect changes to staffing as part of the new business enterprise structure.

5.    The variation in Payments for the acquisition of non-financial assets across the Budget and Forward Estimates reflects the building of a new visitor services centre at the front gate.