About us
part 3: Forecast service performance
The Corporation has seven key strategic priorities. Each has specific key performance indicators with standards. Performance at the end of the financial year will be assessed comparing the actual work produced against set standards.
Table 1: Strategic Priorities
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Table 1: Strategic Priorities differs from Table 3: Operating Appropriations in the following ways:
- Crown Revenue for Strategic Priority 1 uses the Corporation's own income-related rent forecast of $521.66665 million, whereas the appropriations summary has the current figure from the Estimates of Appropriation of $496.038 million, a difference of $25.627 million. The Corporation has anticipated higher growth in market rents. As a high number of the Corporation's tenants are on low incomes, the Corporation is expecting that a significant proportion of the increase will be funded by the Crown through the income-related rent subsidy.
- Crown Revenue for Strategic Priority 5 differs from respective appropriation amount in Table 3 because Crown Revenue includes $3.187 million of Rural Housing appropriation monies drawn down when this initiative was contracted in 2007/08, but will not be recognised as revenue until 2008/09 when the services are delivered, and $0.725 million for Shared Equity, of which $0.271 million is currently appropriated. Funding options for the remaining funding will be considered during the year.
