2.2  Project Expenditure History

Date

Description

Base Date $m

Current $m

Contractor

Notes

2.2  Project Expenditure History

 

 

 

 

 

Prior to Jul 10

 

11.8

11.5

 

US Government

3

 

 

0.9

0.9

 

Other

 

 

 

12.7

 

12.4

 

 

 

 

 

 

 

 

 

FY to Jun 11

 

0.0

0.0

 

 

 

 

 

1.7

1.7

 

US Government

3

 

 

1.7

 

1.7

Other

4

 

 

 

 

 

 

 

Jun 11

Total Expenditure 

14.4

 

14.1

 

 

 

 

 

 

 

 

 

Jun 11

Remaining Budget

623.2

 

570.5

 

 

 

 

 

 

 

 

 

Notes

1

This project's original DMO budget amount is that prior to achieving Second Pass Government Approval.

2

Up until July 2010, indexation was applied to project budgets on a periodic basis. The cumulative impact of this approach was $16.3m. In addition to this amount, the impact on the project budget as a result of out-turning was a further $30.6m having been applied to the remaining life of the project.

3

For Base Date calculations for FMS cases, a consistent de-escalation factor has been applied to all projects which is derived from Defence's cost estimation methodology.

4

Major items of expenditure include development of crashworthy seats $0.3m, data pack for crashworthy seats $0.5m, general Workforce and Operating Expenses of $0.1m and Embedded Workforce & Operating Expenses for salaries of $0.7m.