Ownership Performance Targets Sample Clauses

Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2012 Revision) for the Cayman Islands Development Bank for the 2013/14 financial year are as follows. FINANCIAL PERFORMANCE MEASURE 2013/14 BUDGET $ 000's 2012/13 FORECAST $ 000's REVENUE FROM CABINET 5,74768 566,768 REVENUE FROM MINISTRIES, PORTFOLIOS, STATUTORY AUTHORITIES AND GOVERNMENT COMPANIES - REVENUE FROM OTHERS PERSONS OR ORGANISATIONS 2,630,963 2,504,128 SURPLUS/DEFICIT FROM OUTPUTS - - OTHER EXPENSES 3,315,751 3,635,424 NET SURPLUS DEFICIT (110,020) (564,528) TOTAL ASSETS 43,288,800 42,124,964 TOTAL LIABILTIES 38,127,958 38,354,102 NET WORTH 5,160,842 3,770,862 CASH FLOWS FROM OPERATING ACTIVIITES 1,118,827 3,770,862 CASH FLOWS FROM INVESTING ACTIVIITES (546) 3,770,862 CASH FLOWS FROM FINANCING ACTIVIITES 1,110,541 3,770,862 CHANGE IN CASH BALANCES 7,427,299 3,770,862 FINANCIAL PERFORMANCE RATIO 2013/14 BUDGET % 2012/13 FORECAST % CURRENT ASSETS : CURRENT LIABILITIES 7:1 5:1 TOTAL ASSETS : TOTAL LIABILITIES 1:1 1:1 MAINTENANCE OF CAPABILITY HUMAN CAPITAL MEASURES 2013/14 BUDGET 2012/13 FORECAST TOTAL FULL TIME EQUIVALENT STAFF EMPLOYED 14 14 STAFF TURNOVER (%) Xxx Xxx SENIOR MANAGER 5 4 PROFESSIONAL AND TECHNICAL STAFF 9 8 ADMINISTRATIVE STAFF 6 5 Significant changes to personnel management system None None PHYSICAL CAPITAL MEASURES 2013/14 BUDGET $ 2012/13 FORECAST $ VALUE OF TOTAL ASSETS 43,288,800 42,124,964 ASSET REPLACEMENTS : TOTAL ASSETS Nil 4,653:42,124,964 BOOK VALUE OF ASSETS : COST OF THOSE ASSETS 534,354:1,296,653 580,688:1,296,653 DEPRECIATION : CASH FLOW ON ASSET PURCHASES Nil Nil CHANGES TO ASSET MANAGEMENT POLICES Nil Nil Default on loan payments Planned focus on reducing loan delinquency levels and improving collections Increased focus on approving loans that are beneficial to the portfolio and an increased focus on collections Reduced Loan Interest Income

Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2005 Revision) for the Cayman Islands Monetary Authority for the 2009/10 financial year are as follows. Revenue from Cabinet 15,750,000 14,000,000 Revenue from ministries, portfolios, statutory authorities and government companies 0 Revenue from other persons or organisations 2,200,000 1,778,858 Surplus/deficit 0 246,511 Other expenses 0 0 Net Surplus/Deficit 0 246,511 Total Assets 106,333,757 115,063,172 Total Liabilities 86,000,000 84,669,308 Net Worth 20,333,757 30,393,864 Cash flows from operating activities 652,328 (1,060,476) Cash flows from investing activities (4,119,689) (594,778) Cash flows from financing activities (10,000,000) 3,976,716 Change in cash balances (13,551,201) 2,321,464 Financial Performance Ratio 2009/10 Target 2008/9 Estimated Actual Current Assets: Current Liabilities 7.18 6.60 Total Assets: Total Liabilities 1.35 1.36 Total full time equivalent staff 168 139 Staff turnover (%) % % Average length of service (Number) Senior management Professional staff Administrative staff Significant changes to personnel management system None None Physical Capital Measures 2009/10 Target $ 2008/9 Estimated Actual $ Value of total assets 106,333,757 1,032,291 Asset replacements: total assets 90% 58% Book value of depreciated assets: initial cost of those assets 58% 27% Depreciation: Cash flow on asset purchases 15% 84% Changes to asset management policies N/A N/A Major Capital Expenditure Projects 2009/10 Target $ Various IT Projects – Electronic Reporting Document Management Finance and HR Application 890,000 Basel II 3,040,867 Vault Management System 100,000 Telecoms Equipment Office Equipment Furniture Leasehold Improvements 50,000 15,000 18,822 5,000 These projects are being funded from Capital Expenditure Reserves. Basel II is scheduled for completion in December 2010. Continuing negative impact of the current financial market crisis On-going Regular monitoring of the performance and composition of the Investment Portfolio unquantifiable; poorer performance on the Investment Portfolio. Loss and absence of Critical staff On-going Regular training, succession planning, regular performance assessments and recognition unquantifiable

Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2012 Revision) for the Cayman Airways Limited for the 2013/14 financial year are as follows. FINANCIAL PERFORMANCE MEASURE 2013/14 BUDGET $ 000's 2012/13 FORECAST $ 000's REVENUE FROM CABINET 17,805,800 18,169,183 REVENUE FROM MINISTRIES, PORTFOLIOS, STATUTORY AUTHORITIES AND GOVERNMENT COMPANIES 1,200,000 1,200,000 REVENUE FROM OTHERS PERSONS OR ORGANISATIONS 53,508,178 49,319,566 SURPLUS/DEFICIT FROM OUTPUTS 72,513,978 68,688,749 OTHER EXPENSES 72,496,231 74,735,661 NET SURPLUS DEFICIT 17,746 (6,046,912) TOTAL ASSETS 22,089,210 21,043,145 TOTAL LIABILTIES 75,632,858 79,704,539 NET WORTH (53,543,648) (58,661,394) CASH FLOWS FROM OPERATING ACTIVIITES 2,158,860 4,166,945 CASH FLOWS FROM INVESTING ACTIVIITES (3,766,140) (2,494,293) CASH FLOWS FROM FINANCING ACTIVIITES 1,262,988 5,825,480 CHANGE IN CASH BALANCES (344,293) 7,498,132 2013/14 2012/13 BUDGET FORECAST FINANCIAL PERFORMANCE RATIO % % CURRENT ASSETS : CURRENT LIABILITIES 1:18.9 1:15 TOTAL ASSETS : TOTAL LIABILITIES 1:3.4 1:3.8 MAINTENANCE OF CAPABILITY HUMAN CAPITAL MEASURES 2013/14 BUDGET 2012/13 FORECAST TOTAL FULL TIME EQUIVALENT STAFF EMPLOYED 379 377 STAFF TURNOVER (%) 5% 5% MANAGERS 12 Years PROFESSIONAL AND TECHNICAL STAFF CLERICAL AND LABOURER STAFF CHANGES TO PERSONNEL MANAGEMENT SYSTEM None PHYSICAL CAPITAL MEASURES 2013/14 BUDGET % 2012/13 FORECAST % VALUE OF TOTAL ASSETS 22,089,210 21,043,145 ASSET REPLACEMENTS : TOTAL ASSETS 0.28:1 0.30:1 BOOK VALUE OF ASSETS : COST OF THOSE ASSETS 0.42:1 0.45:1 DEPRECIATION : CASH FLOW ON ASSET PURCHASES 1.35:1 1.41:1 CHANGES TO ASSET MANAGEMENT POLICES None None MAJOR NEW ENTITY CAPTIAL EXPENDITURE FOR THE YEAR 2013/14 BUDGET $ 000's Technology 100,000 Aircraft/Engines 5,863,620 Fuel Prices Risk profile increased due to volatility in fuel prices Given difficulty in hedging this is managed primarily through price negotiating and operations. +/- CI$2,000,000 Capital Structure Improvement over prior year Better cash management and improved financial performance targeted

Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2005 Revision) for Cayman Islands Airports Authority for the 2009/10 financial year is as follows: Revenue from Cabinet 0 4,915,474 Revenue from ministries, portfolios, statutory authorities and government companies 8,700,000 8,685,064 Revenue from other persons or organisations 16,147,600 12,237,000 Surplus/deficit from outputs 6,622,388 4,420,349 Other expenses 875,000 72,858 Net Surplus/Deficit 6,247,388 4,347,491 Total Assets 100,586,052 62,298,664 Total Liabilities 50,715,625 10,675,625 Net Worth 49,870,427 51,623,039 Cash flows from operating activities 6,367,388 7,047,491 Cash flows from investing activities (44,539,756) 103,540 Cash flows from financing activities 32,000,000 ($72,858) Change in cash balances (5,956,368) 7,078,173 Current Assets: Current Liabilities 953% 864.09% Total Assets: Total Liabilities 640% 583.55% Total full time equivalent staff 155 141 Staff turnover (%) 5% 5% Average length of service (Number) Senior management Professional staff Administrative staff 19 18 Significant changes to personnel management system N/A N/A Value of total assets 100,586,052 46,805,287 Asset replacements: total assets 58.44% 56.23% Book value of depreciated assets: initial cost of those assets 83.49% 86.4% Depreciation: Cash flow on asset purchases 6.01% 58.75% Changes to asset management policies None None ORIA Terminal Improvements Lack of war and terrorism No change as it is cost- May be able to obtain Unknown but insurance prohibitive property insurance for this but liability remains cost restrictive likely in the millions of dollars

Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2005 Revision) for the Cayman Islands Development Bank for the 2010/11 financial year are as follows. Revenue from Cabinet 577,875 577,875 Revenue from ministries, portfolios, statutory authorities and government companies - Revenue from other persons or organisations 2,779,750 2,653,612 Surplus/deficit from outputs - - Other expenses 3,004,624 3,166,749 Net Surplus/Deficit 353,001 64,738 Total Assets 44,278,970 40,604,407 Total Liabilities 38,301,925 34,980,363 Net Worth 5,977,045 5,624,044 Cash flows from operating activities (2,292,114) (8,536,501) Cash flows from investing activities (2,400,000) 1,600,938 Cash flows from financing activities 3,778,504 3,196,944 Change in cash balances (913,610) (3,738,619) Financial Performance Ratio 2010/11 Target $ 2009/10 Forecast $ Current Assets: Current Liabilities 3.9:1 2.3:1 Total Assets: Total Liabilities 1.16:1 1.16:1 Total full time equivalent staff 15 15 Staff turnover (%) 0% 0% Average length of service (Number) Senior management Professional staff Administrative staff 274 274 Significant changes to personnel management system FC, VP Credit and Manager credit hired in July 2009. General Manager resigned October 2009. Physical Capital Measures 2010/11 Target $ 2009/10 Forecast $ Value of total assets 44,278,970 40,604,407 Asset replacements: total assets 0:1 0:1 Book value of depreciated assets: initial cost of those assets 636,058:1,248,220 744,058:1,248,220 Depreciation: Cash flow on asset purchases 0 (60,663) Changes to asset management policies Xxx Xxx Computer hardware Nil Default on loan payments Planned decrease to 12% delinquency ratio Increased focus on approving loans that are beneficial to the portfolio and an increased focus on the various collections methods. Reduced Loan Interest Income

Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2010 Revision) for Sister Islands Affordable Housing Development Corporation for the 2011/12 financial year are as follows. Revenue from Cabinet 80,000 25,000 Revenue from ministries, portfolios, statutory authorities and government companies 0 0 Revenue from other persons or organisations 1,200,000 0 Surplus/deficit from outputs 0 0 Other expenses 1,280,000 25000 Net Surplus/Deficit 0 0 Total Assets 1,150,000 1,150,000 Total Liabilities 0 0 Net Worth 1,150,000 1,150,000 Cash flows from operating activities 16,000 (25,000) Cash flows from investing activities 0 0 Cash flows from financing activities 0 0 Change in cash balances 16,000 (25000) Current Assets: Current Liabilities No Liabilities No Liabilities Total Assets: Total Liabilities No Liabilities No Liabilities 2011/12 Ownership Agreements Total full time equivalent staff 1 1 Staff turnover (%) 0 1 Average length of service (Number) n/a n/a Senior management Professional staff Administrative staff Significant changes to personnel management system Value of total assets 1,150,000 1,150,000 Asset replacements: total assets Book value of depreciated assets: initial cost of those assets Depreciation: Cash flow on asset purchases Changes to asset management policies Construction of 12 homes in Cayman Brac for re-sale $1,200,000 Key risks Change in status from previous year Actions to manage risk Financial value of risk NIL 2011/12 Ownership Agreements

Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2013 Revision) for the Children and Youth Service (CAYS) Foundation for the 2015/16 financial year are as follows. FINANCIAL PERFORMANCE MEASURE 2015/16 BUDGET $ 000's 2014/15 FORECAST $ 000's REVENUE FROM CABINET 2,178,000 2,178,000 REVENUE FROM MINISTRIES, PORTFOLIOS, STATUTORY AUTHORITIES AND GOVERNMENT COMPANIES REVENUE FROM OTHERS PERSONS OR ORGANISATIONS 50,000 50,000 SURPLUS/DEFICIT FROM OUTPUTS 0 0 OTHER EXPENSES 2,058,096 2,040,000 NET SURPLUS DEFICIT 169,904 188,000 TOTAL ASSETS 1,331,621 1,161,717 TOTAL LIABILTIES 9,767 9,767 NET WORTH 1,321,854 1,151,950 CASH FLOWS FROM OPERATING ACTIVIITES 170,956 (166,141) CASH FLOWS FROM INVESTING ACTIVIITES 0 0 CASH FLOWS FROM FINANCING ACTIVIITES 0 0 CHANGE IN CASH BALANCES 170,956 (166,141) FINANCIAL PERFORMANCE RATIO 2015/16 BUDGET % 2014/15 FORECAST %

Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law 2001) for Civil Aviation Authority for the 2004/5 financial year are as follows. Revenue from Cabinet 5,535,417 384,500 Revenue from ministries, portfolios, statutory authorities and government companies 4,206,105 5,265,000 Revenue from other persons or organisations 12,913,391 12,291,500 Surplus/deficit from outputs 5,740,867 5,593,700 Other expenses 437,000 389,000 Net Surplus/Deficit 5,303,867 5,204,700 Total Assets 48,880,108 41,726,240 Total Liabilities 11,359,388 8,709,388 Net Worth 37,520,719 33,016,852 Cash flows from operating activities 7,405,000 12,976,034 Cash flows from investing activities (5,800,000) (4,485,000) Cash flows from financing activities 1,850,000 (9,993,331) Change in cash balances 3,455,000 (1,502,297) Current Assets: Current Liabilities 429.1% 269.7% Total Assets: Total Liabilities 428.5% 479.1% Total full time equivalent staff 160 155 Staff turnover (%) 5% 5% Average length of service (Number) Senior management 12.3 11.3 Professional staff N/A incl above N/A incl above Significant changes to personnel management system None None Value of total assets 48,880,108 41,726,000 Asset replacements: total assets 12% 3.05% Book value of depreciated assets: initial cost of those assets 52.63% 54.8% Depreciation: Cash flow on asset purchases 37.5% 41.7% Changes to asset management policies None None Site preparation for Little Cayman Airfield 956,000 Land acquisition at ORIA to northeast 2,300,000 Access road and parking Little Cayman 132,000 Paving upgrades/access road 700,000 Lack of war and terrorism insurance No change as it is cost-prohibitive May be able to obtain property insurance for this but liability remains cost restrictive Unknown but likely in the millions of dollars

Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law 2001) for the Cayman Islands National Museum for the 2003/4 financial year are as follows. Revenue from Executive Council 651,055 Revenue from ministries, portfolios, statutory authorities and government companies 177,204 Revenue from other persons or organisations 161,100 Surplus/deficit from outputs 0 Ownership expenses 0 Net Surplus/Deficit 0 Total Assets $530,950 Total Liabilities $272,000 Net Worth $258,950 Cash flows from operating activities 0 Cash flows from investing activities 0 Cash flows from financing activities 0 Change in cash balances 0 Current Assets: Current Liabilities Total Assets: Total Liabilities Total full time equivalent staff 12 Staff turnover (%) Minimal Average length of service (Number) Senior management 15.6 years Professional staff 12 years Administrative staff 4 years Significant changes to personnel management system Some reorganisation of duties Value of total assets $530,950 N.B. see note (h) on accounting policies regarding the Collection Asset replacements: total assets As above Book value of depreciated assets: initial cost of those assets As above Depreciation: Cash flow on asset purchases 0 Changes to asset management policies See notes in risk management Architectural Plans 12,500 None As the only national museum in the country, the CINM holds a special place in the minds and hearts of Caymanians. Due to rapid economic growth and a dramatic generation gap, the safekeeping of the non renewable National Collection is essential. The growing collection of artifacts is housed in an industrial building that is too small, has no fire sprinklers, and insufficient space to carry out essential conservation. Build a purpose-built facility to accommodate the current and future needs of the National Collection. Build a purpose-built facility that is safe and secure to permit greater accessibility to the community and tourists. The offices will have to be relocated by either finding another location or building an addition to the Museum property Seek the expertise of a certified valuer to establish the replacement cost of the National Collection None, the CINM rents the current property and the monthly payment would cover a loan for building. Cost of building would add to Government’s assets. Cost of an addition would be eventually absorbed with the cessation of rent payment Cost of valuation would need separate funding. The exh...

Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2010 Revision) for CIAA for the 2012/13 financial year are as follows. Revenue from Cabinet 0 0 Revenue from ministries, portfolios, statutory authorities and government companies 10,357,240 10,024,581 Revenue from other persons or organisations 15,412,429 13,704,958 Surplus/deficit from outputs 4,745,642 4,437,904 Other expenses 110,000 115,000 Net Surplus/Deficit 4,635,642 4,322,904 Total Assets 73,693,935 68,881,557 Total Liabilities 10,152,724 9,975,988 Net Worth 63,541,211 58,905,569 Cash flows from operating activities 9,134,929 12,363,920 Cash flows from investing activities (8,834,000) (6,252,300) Cash flows from financing activities 0 0 Change in cash balances 300,929 6,111,620 Current Assets: Current Liabilities 10.41 12.4 Total Assets: Total Liabilities 7.25 6.21 Total full time equivalent staff 180 175 Staff turnover (%) 1% 1% Average length of service (Number) Senior management Professional staff Administrative staff Significant changes to personnel management system New performance management system N/A Value of total assets $43,352,722 $38,018,722 Asset replacements: total assets 1% 1% Book value of depreciated assets: initial cost of those assets 65% 63% Depreciation: Cash flow on asset purchases 40% 42% Changes to asset management policies None None Lack of war and terrorism insurance No change as it is cost- prohibitive May be able to obtain property insurance for this but liability remains cost restrictive Unknown but likely in the millions of dollars