Key Arts Organisation Funding Guidelines - part 3
Business Plan Framework
The ACT Government, together with Australian and other State and Territory Government arts agencies, has agreed to a standard Business Plan Framework to be used by all KAO applicants.
The Business Plan should be concise and a useful working document across a five year cycle. Additional documents considered critical by the organisation, for example a detailed artistic program for the coming year, governance statement, marketing plan, financial plan, risk assessment and other documents should be provided as annexures.
The Business Plan is a high-level working document that should not exceed 20 pages and must include the following key information, as per the Framework:
- Executive Summary
- Key Performance Indicators
- Artistic Program overview
- Marketing Plan
- Financial Plan
- Management Plan (including Organisational Structure, Governance, Succession Plan, and Risk Management)
KAOs that manage a Government arts facility must also provide a comprehensive and strategic management plan for the facility. This may be integral to the business plan or included as an annexure.