25††† Royal Tasmanian Botanical Gardens

Authority Outline

The Royal Tasmanian Botanical Gardens is a Statutory Authority, established by the Royal Tasmanian Botanical Gardens Act 2002 and managed by the RTBG Board. The seven member Board is appointed by and reports to the Minister for Parks, and is responsible for managing, conserving and enhancing the Gardens in accordance with the Act.

The responsible Minister is the Minister for Parks, Hon Roger Jaensch MP, and the supporting agency is the Department of Natural Resources and Environment Tasmania.

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

The RTBG is Australiaís second oldest botanical gardens and was established in 1818. The Gardens is home to the largest collection of mature conifers in the Southern Hemisphere and has the only subantarctic plant house in the world.

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

This chapter provides the RTBGís financial information for 2023‑24 and over the Forward Estimates (2024‑25 to 2026‑27). Further information on the RTBG is provided at www.rtbg.tas.gov.au.


 

Key Deliverables

Table 25.1 provides a summary of the Budget and Forward Estimates allocations for key deliverables of the Authority.

Table 25.1:†††††† Key Deliverables Statement

 

2023‑24

 

Budget

2024‑25

Forward

Estimate

2025‑26

Forward

Estimate

2026‑27

Forward

Estimate

 

$'000

$'000

$'000

$'000

 

 

 

 

 

Critical Irrigation Repairs and Heritage Wall Repairs

325

....

....

....

 

 

 

 

 

Critical Irrigation Repairs and Heritage Wall Repairs

Critical Irrigation Repairs

Additional funding is provided for the upgrade of one of the RTBG main irrigation systems which has failed and is beyond repair. The works will ensure a reliable, regular supply of water to mature trees and lawn in the affected areas, preserving visitor experience and reducing risk to the Gardenís commercial operations. Approximately 20 per cent of the Gardenís 14 hectares will be converted to the upgraded system during these works.

Heritage Wall Repairs

Additional funding is provided for the replacement of three of seven concrete buttresses on the Eardley‑Wilmot heritage wall (circa 1843). A recent engineerís report identified the need for the replacement of these buttresses.


 

Detailed Budget Statements

Table 25.2:†††††† Statement of Comprehensive Income

 

2022‑23 

2023‑24 

2024‑25 

2025‑26 

2026‑27 

 

 

 

Forward 

Forward 

Forward 

 

Budget 

Budget 

Estimate 

Estimate 

Estimate 

 

$'000 

$'000 

$'000 

$'000 

$'000 

 

 

 

 

 

 

Revenue and other income

 

 

 

 

 

Grants

3 605 

3 789 

3 537 

3 612 

3 688 

Sales of goods and services

967 

1 060 

1 117 

1 176 

1 278 

Interest

20 

230 

100 

50 

35 

Other revenue1

226 

105 

110 

115 

120 

Total revenue

4 818 

5 184 

4 864 

4 953 

5 121 

Total income

4 818 

5 184 

4 864 

4 953 

5 121 

 

 

 

 

 

 

Expenses

 

 

 

 

 

Employee benefits

3 159 

3 308 

3 383 

3 474 

3 569 

Depreciation and amortisation

490 

582 

594 

606 

769 

Supplies and consumables2

1 873 

1 827 

1 571 

1 586 

1 614 

Other expenses3

.... 

34 

37 

41 

44 

Total expenses

5 522 

5 751 

5 585 

5 707 

5 996 

 

 

 

 

 

 

Net result

(704)

(567)

(721)

(754)

(875)

 

 

 

 

 

 

Comprehensive result

(704)

(567)

(721)

(754)

(875)

 

 

 

 

 

 

Notes:

1.    The decrease in Other revenue in 2023‑24 reflects a reduction in anticipated donations to be received.

2.    The decrease in Supplies and consumables in 2024‑25 reflects the completion of the Review of the Strategic Master Plan initiative funded in the 2022‑23 Budget.

3.    The increase in Other expenses in 2023‑24 reflects a reclassification of expenditure from Supplies and consumables.


 

Table 25.3:†††††† Statement of Financial Position as at 30 June

 

2023 

2024 

2025 

2026 

2027 

 

 

 

Forward 

Forward 

Forward 

 

Budget 

Budget 

Estimate 

Estimate 

Estimate 

 

$'000 

$'000 

$'000 

$'000 

$'000 

 

 

 

 

 

 

Assets

 

 

 

 

 

Financial assets

 

 

 

 

 

Cash and deposits1

6 992 

857 

730 

542 

436 

Receivables2

76 

19 

19 

19 

19 

Other financial assets1

.... 

6 294 

3 294 

.... 

.... 

 

7 068 

7 170 

4 043 

561 

455 

 

 

 

 

 

 

Non‑financial assets

 

 

 

 

 

Inventories

90 

100 

100 

100 

100 

Property, plant and equipment3

12 358 

13 941 

16 999 

19 973 

19 471 

Infrastructure

3 900 

3 689 

3 052 

2 822 

2 660 

Other assets

106 

187 

135 

87 

58 

 

16 454 

17 917 

20 286 

22 982 

22 289 

 

 

 

 

 

 

Total assets

23 522 

25 087 

24 329 

23 543 

22 744 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

Payables

105 

40 

40 

40 

40 

Interest bearing liabilities2

.... 

131 

79 

31 

Employee benefits

758 

686 

701 

717 

822 

Other liabilities2

175 

45 

45 

45 

45 

Total liabilities

1 038 

902 

865 

833 

909 

 

 

 

 

 

 

Net assets (liabilities)

22 484 

24 185 

23 464 

22 710 

21 835 

 

 

 

 

 

 

Equity

 

 

 

 

 

Reserves

17 494 

18 990 

18 990 

18 990 

18 990 

Accumulated funds

4 990 

5 195 

4 474 

3 720 

2 845 

Total equity

22 484 

24 185 

23 464 

22 710 

21 835 

 

 

 

 

 

 

Notes:

1.    The decrease in Cash and deposits and increase in Other financial assets in 2024 reflects a reclassification of funding received for the new Visitor Centre.

2.    The variation in this item in 2024 reflects revised estimates based on 30 June 2022 actuals.

3.    The increase in Property, plant and equipment over the Forward Estimates primarily reflects the timing of the construction of the new Visitor Centre.


 

Table 25.4:†††††† Statement of Cash Flows

 

2022‑23 

2023‑24 

2024‑25 

2025‑26 

2026‑27 

 

 

 

Forward 

Forward 

Forward 

 

Budget 

Budget 

Estimate 

Estimate 

Estimate 

 

$'000 

$'000 

$'000 

$'000 

$'000 

 

 

 

 

 

 

Cash flows from operating activities

 

 

 

 

 

Cash inflows

 

 

 

 

 

Grants

3 605 

3 789 

3 537 

3 612 

3 688 

Sales of goods and services

967 

1 060 

1 117 

1 176 

1 278 

GST receipts

186 

469 

438 

460 

397 

Interest received

20 

230 

100 

50 

35 

Other cash receipts

226 

105 

110 

115 

120 

Total cash inflows

5 004 

5 653 

5 302 

5 413 

5 518 

 

 

 

 

 

 

Cash outflows

 

 

 

 

 

Employee benefits

(2 800)

(2 891)

(2 956)

(3 036)

(3 119)

Superannuation

(359)

(417)

(427)

(438)

(450)

GST payments

(186)

(469)

(438)

(460)

(397)

Supplies and consumables

(1 873)

(1 827)

(1 571)

(1 586)

(1 614)

Other cash payments

.... 

(34)

(37)

(41)

(44)

Total cash outflows

(5 218)

(5 638)

(5 429)

(5 561)

(5 624)

 

 

 

 

 

 

Net cash from (used by) operating activities

(214)

15 

(127)

(148)

(106)

 

 

 

 

 

 

Cash flows from investing activities

 

 

 

 

 

Payments for acquisition of non‑financial assets

(300)

(750)

(3 000)

(3 334)

.... 

Net receipts/(payments) for investments

.... 

500 

3 000 

3 294 

.... 

Net cash from (used by) investing activities

(300)

(250)

.... 

(40)

.... 

 

 

 

 

 

 

Net increase (decrease) in cash and cash equivalents held

(514)

(235)

(127)

(188)

(106)

 

 

 

 

 

 

Cash and deposits at the beginning of the reporting period

7 506 

1 092 

857 

730 

542 

Cash and deposits at the end of the reporting period

6 992 

857 

730 

542 

436