Notes relating the in-kind contributions report and cash report.
The financial information in these tables has been prepared on the basis of cash accounting.
In-kind contributions represent each partner's expenditure on Rice CRC projects.
Multipliers set down in the Commonwealth Agreement have been applied consistently.
In-kind contributions from a number of partners exceed their obligations under the Commonwealth Agreement. The factors involved relate to a greater input of human resources, inflationary effect on salaries and identification of overheads covering CRC-funded staff. The costs were not accounted for when inputs were originally calculated.
Ricegrowers' Co-operative Ltd undertook to review its inputs and their revised results have been reflected through their in-kind resources reported. As at 30/6/2000 its inputs exceed its in-kind obligations by $145,000.
Department of Land and Water Conservation also reviewed its in-kind contributions and has now recognised the Technology Transfer efforts of its staff.
Contributions from the Murray-Darling Basin Commission (MDBC) (non-participant) will no longer be available, as originally planned.
Funding from this source will now be by application for funds in accordance with MDBC Strategic Investigations and Education plan.
The fourth instalment of the CRC grant of $575,000 for 1999/2000 has been deferred until Year 5 (2001/2002) where it will be returned in equal instalments during that year. This was necessary due to the slow start up of projects and the large amount of cash resources held.
