SIP scheme 2018-2019 Financial summary

Permit sales between 01/07/2018 and 30/06/2019

Sales Outlet

Number

Monetary Value

Australia Post Outlets

1,917

$51,160

Decipha (online, phone and iPad agents)

42,785

$983,252

Total

44,702

$1,034,412

Type of permits sold between 01/07/2018 and 30/06/2019

Permit Type

Number

Monetary value

Weekly

28,270

$282,700

Yearly

11,440

$572,000

Yearly Discount

4,992

$179,712

The SIP Scheme Budget

Budget statement for the Stocked Impoundment Permit Scheme for the Period 01/07/2018 to 30/06/2019.

 

$

%

Total SIPS funds collected

$1,034,412

 

2017/18 Deferral

$22,676

-

Additional Funding*

$69,944

-

Total Funding

$1,127,032

100

Administration costs

$287,025

25.5

Funds paid for fish stocking and other approved activities (no GST)*

$826,507

73.3

Funds for fish stocking (Disaster allocation)

$5,500

0.5

Funds paid for community engagement

$8,000

0.7

*Additional admin & fish stocking costs paid from other Fisheries Queensland budget

The following is a breakdown of the administration costs component of the above table.

Component

Cost

Permit Sales Costs

$127,017

Conference Workshop

$27,680

Working Group

$560

Travel

$3,505

Postage

$1,391

Miscellaneous

$8,213

Stationery & Printing

$3,043

Marketing Campaign

$9,420

SIPS Signs

$10,860

Salaries

$95,336

How the funds were allocated

The working group looked at a number of allocation models for the 2019 grants. After discussion the majority of the working group supported applying last year’s allocation formula with 50% of funds allocated by surface area capped at 4,000 hectares maximum with available fishing area and the remaining 50% of funds allocated by the SIPS permit holder participation rate at dams and weirs. It also continues the minimum $500 allocation and the maximum of 70% of total stocking allocation from SIPS.

Allocation amounts were based on a total revenue of $1,170,000 (included total sales July 2018 to May 2019 and predicted sales for May and June 2019). A total of $840,007 (ex GST) was allocated for community engagement and impoundments in 2018-2019. FFSAQ was allocated $8,000 and Townsville Barramundi Stocking Society Inc.& Hinze Dam Fish Management Committee were allocated a total of $5,500 for Disaster Recovery. $826,507 was allocated to impoundments for fish stocking and other approved activities.

The allocation formula used for impoundments was 50% allocated by surface area capped at 4,000 ha and 50% allocated by the SIPS permit holder participation from the 2019 SIPS survey with minimum $500 allocations, maximum of 70% of total stocking allocation from SIPS and percentage of available fishing area. Below is a list of the impoundment allocations and SIPS permit holder participation for 2018-2019.

SIP Funding Allocation

Impoundment

SIPS Holder

Participation

Total Allocation

(ex GST)

Impoundment

SIPS Holder

Participation

Total Allocation

(ex GST)

Aplins Weir

1.45%

$6,956

Inglewood Town Weir

0.33%

$1,051

Baroon Pocket Dam

1.02%

$7,728

Jones Weir

0.19%

$2,425

Beehive Dam*

0%

$0

Kinchant Dam

2.31%

$17,244

Ben Anderson Barrage

0.26%

$2,123

Koombooloomba Dam*

0.00%

$0

Ben Dor Weir

0.11%

$1,027

Lake Belmore

0.13%

$1,693

Bjelke Petersen Dam

4.16%

$34,713

Lake Dyer

0.63%

$3,703

Black Weir

1.05%

$5,404

Lake Gregory

0.64%

$4,539

Bonshaw Weir

0.58%

$1,545

Lake Kurwongbah

1.79%

$10,596

Boondooma Dam

5.54%

$38,837

Lake MacDonald*

0.00%

$0

Borumba Dam

5.22%

$18,015

Lake Monduran

3.88%

$47,809

Burdekin Falls Dam

0.64%

$33,907

Lemon Tree Weir

0.54%

$903

Caboolture River Weir

0.57%

$3,520

Lenthalls Dam

1.27%

$11,630

Callide Dam

1.26%

$15,230

Leslie Dam

3.92%

$26,823

Cania Dam

2.39%

$16,078

Maroon Dam

3.94%

$10,671

Cecil Plains Weir

0.67%

$1,705

Miles Weir

0.16%

$1,043

Chinchilla Weir

0.73%

$6,154

Moogerah Dam

3.88%

$23,681

Claude Wharton Weir

0.10%

$3,514

North Pine Dam

3.13%

$19,802

Connolly Dam

0.92%

$1,566

Peter Faust Dam

2.69%

$42,691

Cooby Dam

2.23%

$11,521

Somerset Dam

9.09%

$70,180

Coolmunda Dam

2.58%

$24,782

Storm King Dam

0.67%

$3,660

Cressbrook Dam

2.92%

$16,768

Surat Weir

0.22%

$1,470

Cunningham (Beebo) Weir

0.17%

$1,203

Talgai Weir

0.19%

$1,040

Eungella Dam

1.25%

$12,138

Teemburra Dam

1.64%

$15,676

Ewen Maddock Dam

1.26%

$8,507

Theresa Creek Dam

0.83%

$5,747

Fairbairn Dam

1.05%

$35,676

Tinaroo Falls Dam

2.51%

$38,068

Gil Weir

0.13%

$1,322

Whetstone Weir

0.20%

$1,051

Gleeson Weir

0.69%

$1,744

Wivenhoe Dam

5.29%

$53,876

Glenarbon Weir

0.17%

$1,203

Woodford Weir

0.22%

$1,280

Glenlyon Dam

2.60%

$25,309

Wuruma Dam

1.91%

$22,184

Goondiwindi  (Hilton) Weir

0.76%

$2,809

Wyaralong Dam

2.20%

$19,198

Gordonbrook Dam

0.20%

$2,929

Yarramalong Weir

0.64%

$1,304

Hinze Dam

2.26%

$21,537

   

*An allocation was not paid to the stocking group due to not meeting the Grant Agreement requirements and/or dam maintenance activities.