SIPS 2019-2020 financial summary
Permit sales between 01/07/2019 and 30/06/2020
Sales Outlet | Number | Monetary Value |
|---|---|---|
Australia Post Outlets | 2,994 | $82.064 |
Decipha (online, phone and iPad agents) | 34,551 | $838,432 |
Total | 37,545 | $920,496 |
Type of permits sold between 01/07/2019 and 30/06/2020
Permit Type | Number | Monetary value |
|---|---|---|
Weekly | 22,403 | $224,030 |
Yearly | 10,811 | $540,550 |
Yearly Discount | 4,331 | $155,916 |
The SIP Scheme Budget
Budget statement for the Stocked Impoundment Permit Scheme for the Period 01/07/2019 to 30/06/2020.
| $ | % | |
|---|---|---|
| Total funds collected* | $950,496 | 100% |
| Administration costs** | $246,736 | 25.94% |
| Funds paid for fish stocking and other approved activities (no GST) | $679,244 | 71.43% |
| Funds for fish stocking (Disaster allocation) | $0 | 0% |
| Funds paid for community engagement | $25,000 | 2.63% |
*An additional $30,000 was received from previous deferrals not accounted for in 2018-19.
**Additional admin costs paid from other Fisheries Queensland budget
Note: No deferral was possible from 2019-20 to 2020-21
The following is a breakdown of the administration costs component of the above table.
Component | Cost |
|---|---|
Permit Sales Costs | $48,320 |
Travel | $514 |
Postage | $628 |
Miscellaneous | $2,363 |
Stationery & Printing | $25 |
Marketing Campaign | $935 |
Salaries | $193,952 |
How the funds were allocated
The working group looked at a number of allocation models for the 2019-20 grants. After discussion the majority of the working group supported applying a formula with 30% of funds allocated by surface area capped at 4,000 hectares maximum with available fishing area and the remaining 70% 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 $918,992 (included total sales July 2019 to May 2020 and predicted sales for May and June 20 19 20). A total of $[689,244 |](ex GST) was allocated for community engagement and impoundments in 20 18 19-20 19 20. FFSAQ was allocated $10,000 for community engagement and $15,000 for development of a SIPS fishing trail. $679,244 was allocated to impoundments for fish stocking and other approved activities.
Below is a list of the impoundment allocations and SIPS permit holder participation for 2019-20. Total allocation reflects adjustments due to carryover caps.
SIP Funding Allocation | |||||
|---|---|---|---|---|---|
Impoundment | SIPS Holder Participation | Total Allocation (ex GST) | Impoundment | SIPS Holder Participation | Total Allocation (ex GST) |
Aplins Weir | 1.07% | $5,907 | Inglewood Town Weir | 0.13% | $450 |
Baroon Pocket Dam | 1.41% | $9,121 | Jones Weir | 0.02% | $866 |
Beehive Dam* | 0.00% | $0 | Kinchant Dam | 2.43% | $16,691 |
Ben Anderson Barrage | 0.15% | $1,209 | Koombooloomba Dam* | 0.00% | $0 |
Ben Dor Weir | 0.02% | $539 | Lake Belmore | 0.06% | $832 |
Bjelke Petersen Dam | 3.33% | $26,572 | Lake Dyer | 0.26% | $928 |
Black Weir | 1.00% | $5,652 | Lake Gregory | 0.55% | $3,770 |
Bonshaw Weir | 0.55% | $662 | Lake Kurwongbah | 2.20% | $12,412 |
Boondooma Dam | 5.20% | $35,522 | Lake MacDonald* | 0.00% | $0 |
Borumba Dam | 6.16% | $19,233 | Lake Monduran | 5.31% | $44,801 |
Burdekin Falls Dam | 0.75% | $20,647 | Lemon Tree Weir | 0.55% | $387 |
Caboolture River Weir | 0.53% | $1,592 | Lenthalls Dam | 2.35% | $15,596 |
Callide Dam | 1.32% | $12,160 | Leslie Dam | 3.41% | $23,304 |
Cania Dam | 2.58% | $16,646 | Maroon Dam | 3.90% | $3,001 |
Cecil Plains Weir | 0.51% | $731 | Miles Weir | 0.13% | $0 |
Chinchilla Weir | 0.77% | $5,568 | Moogerah Dam | 3.56% | $17,381 |
Claude Wharton Weir | 0.09% | $1,998 | North Pine Dam | 4.07% | $24,851 |
Connolly Dam | 0.81% | $468 | Peter Faust Dam | 2.69% | $30,919 |
Cooby Dam | 1.94% | $0 | Somerset Dam | 9.26% | $65,680 |
Coolmunda Dam | 1.36% | $14,475 | Storm King Dam | 0.28% | $1,760 |
Cressbrook Dam | 2.37% | $14,660 | Surat Weir | 0.17% | $731 |
Cunningham (Beebo) Weir | 0.15% | $452 | Talgai Weir | 0.19% | $446 |
Eungella Dam | 1.75% | $12,778 | Teemburra Dam | 1.86% | $14,333 |
Ewen Maddock Dam | 1.39% | $8,883 | Theresa Creek Dam | 0.70% | $4,770 |
Fairbairn Dam | 1.24% | $23,244 | Tinaroo Falls Dam | 2.79% | $29,393 |
Gil Weir | 0.17% | $1,167 | Whetstone Weir | 0.11% | $450 |
Gleeson Weir | 0.55% | $1,744 | Wivenhoe Dam | 5.61% | $46,381 |
Glenarbon Weir | 0.02% | $452 | Woodford Weir | 0.11% | $382 |
Glenlyon Dam | 2.30% | $19,692 | Wuruma Dam | 1.13% | $13,400 |
Goondiwindi (Hilton) Weir | 0.43% | $839 | Wyaralong Dam | 2.79% | $19,906 |
Gordonbrook Dam | 0.19% | $2,007 | Yarramalong Weir | 0.62% | $559 |
Hinze Dam | 2.64% | $20,244 | |||
*An allocation was not paid to the stocking group due to not meeting the Grant Agreement requirements and/or dam maintenance activities.