Time-Limited Funding
Time-limited funding does not meet the definition of a “risk” under the PFA, but is further information that is prepared to increase transparency about initiatives with funding profiles that cease or decrease during the forecast period.
The following table outlines those areas where initiatives have time-limited funding that decreases or ceases at some point and may potentially be extended, using a $5 million materiality threshold. They are often related to pilot programmes.
Vote | Description of Initiative | Operating Impact ($million) |
|---|---|---|
| Community and Voluntary Sector | Digital Strategy – Community Partnerships Fund | 18 from 2005/06 to 2008/09 (MYA) |
| Communications | Digital Strategy – high-speed connectivity for growth | 20 from 2005/06 to 2008/09 (MYA) |
| Economic, Industry and Regional Development | Regional partnerships and facilitation for sustainable economic growth | 57 from 2004/05 to 2006/07 (MYA) |
| Education | Microsoft software licensing | 8 in 2005/06 and 4 in 2006/07 |
| Energy | Electricity efficiency programme | 8 in 2005/06 and 10 in 2006/07 |
| Health | Meningococcal vaccine programme | 49 in 2005/06 and 11 in 2006/07 |
| Housing | Rural housing programme | 8 in each of 2005/06, 2006/07 and 2007/08 |
| Internal Affairs | Significant Community-Based Projects Fund | 40 from 2005/06 to 2008/09 (MYA) |
| Police | Regional assistance mission Solomon Islands and Solomon Island executive support | 7 in each of 2005/06 and 2006/07 |
| Tourism | Tourism promotional budget targeting high-yield tourists | 9 in 2005/06 |
The following table shows the impact on the operating balance if funding were to be appropriated to maintain funding levels for these initiatives (i.e. extend the initiatives beyond their current scheduled completion dates). These amounts would need to be managed within the forecast operating spending.
| Operating Impact ($million) | 2005/06 | 2006/07 | 2007/08 | 2008/09 | 2009/10 and Outyears |
|---|---|---|---|---|---|
| Funding to extend initiatives | - | 9 | 64 | 72 | 90 |
