SPORT NZ ANNUAL REPORT - Sport New Zealand

ANNUAL REPORT 2012
PERFORMANCE FOR 2011/12
45
OUTPUT CLASS 3: PRIME MINISTER’S SPORT SCHOLARSHIPS
To increase participation and achievement in sport and physical recreation by providing scholarships enabling talented
New Zealanders to pursue tertiary study and elite-level sport development concurrently, and /or to develop skills that
contribute to the quality of New Zealand’s sport performance at the elite level.
PROGRAMME INVESTMENT AND MANAGEMENT
Output/Deliverable Performance Standard Performance at 12 months Status
Sport NZ invests in the
development of high
performance athletes,
coaches, officials and
support personnel
through allocating
Prime Minister’s Sport
Scholarships, on the
recommendation of
HPSNZ.
$4.25m in Prime Minister’s
Sport Scholarships for elite
athletes, coaches and officials.
At least 250 Prime Minister’s
Athlete Scholarships.
2011/12: $3.8m.
[2010/11: $4m]
2011/12: 379 scholarships.
[2010/11: 350 scholarships]
Not achieved
Smaller value scholarships
were undertaken during the
period due to athletes and
support teams being involved
in Olympic preparation.
Achieved
At least 50 Prime Minister’s
Coach, Support Team and
Officials Scholarships.
2011/12: 100 scholarships.
[2010/11: 63 scholarships]
Achieved
Administration costs are less
than 10% of the total funds
being allocated.
2011/12: 3.9%.
[2010/11: costs not previously
charged]
Achieved
COST OF SERVICE BY OUTPUT CLASS
OUTPUT CLASS 2: HIGH PERFORMANCE SPORT
The cost of service by output tables provided below are aligned to the two Vote Appropriation classifications having been
applied to Output class 2.
VOTE APPROPRIATION: HIGH PERFORMANCE SPORT
For the year ended 30 June 2012
SPORT NZ
Actual
2011
$000
SPORT NZ
GROUP
ACTUAL BUDGET ACTUAL BUDGET
2012 2012 2012 2012
$000 $000 $000 $000
48,338 Crown funding 53,338 53,338 53,338 53,338
5,493 Other operating revenue 1,584 4,156 9,699 4,156
53,831 TOTAL REVENUE 54,922 57,494 63,037 57,494
Less expenses
45,853 - Programme investment 27,494 63,788 54,588 63,788
3,821 - Programme support 0 4,902 0 4,902
2,730 - SPARC costs 0 2,627 0 2,627
0 - Programme management 1,743 0 4,019 0
0 - Technical advice and resources 0 0 4,942 0
0 - HP athlete services 0 0 9,399 0
52,404 Total Expenses 29,237 71,317 72,948 71,317
1,427 Net Operating Surplus/(Deficit) 25,685 (13,823) (9,911) (13,823)
This financial information is to be read in conjunction with the accounting policies and notes to the financial statements.