SIPS 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.