2.3 In-year Budget Expenditure Variance

Estimate $m

Actual $m

Variance $m

Variance Factor

Explanation

 

 

 

FMS

The current actual expenditure reflects expenditure to 30 June 2011. The end year variation of $4.2m relates to a $2.0m underspend for exchange/gains, $1.6m due to slippage in the Woomera Live Fire event (previously planned for May 2011) with the remainder relating to delays in Interagency invoicing.

 

 

 

Overseas Industry

 

 

 

Local Industry

 

 

 

Brought Forward

 

 

 

Cost Savings

 

 

(2.0)

FOREX Variation

 

 

(2.2)

Commonwealth Delays

48.4

44.2

(4.2)

Total Variance