2.4 In-year Budget Expenditure Variance

Estimate $m

Actual $m

Variance $m

Variance Factor

Explanation

FMS

The year to date variance of -$9.2m is due to the rescheduling of SOTASip payments linked to the Detailed Design Review and the Functional Configuration Audit for SOTASip Communication System. LND116 is forecasting this variance to be partially recovered by September 2010 when the SOTASip Detailed Design Review is achieved and completely by October 2010 when the SOTASip Functional Configuration Audit milestone is achieved.

Overseas Industry

(9.2)

Local Industry

Brought Forward

Cost Savings

FOREX Variation

Commonwealth Delays

102.2

93.0

(9.2)



Total Variance