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Section 3: Budgeted financial statements

Departmental Financial Statements

Table 3.1:  Budgeted Departmental Statement of Financial Performance
This statement identifies expenses and revenues and highlights whether the department is operating at a sustainable level.

Table 3.2:  Budgeted Departmental Statement of Financial Position
This statement identifies assets and liabilities.

Table 3.3:  Budgeted Departmental Statement of Cash Flows
This statement identifies the department’s cash flows, categorising them by operating, financing and investing activities. 

Table 3.4: Departmental Capital Budget Statement
This statement summarises the department's proposed capital expenditure and the source of funding.

Table 3.5: Summary of Asset Movements
This statement summarises the planned movement in assets in 2005-06.

Schedule of Administered Activity

Table 3.6:  Schedule of Budgeted Administered Revenues and Expenses
This schedule identifies revenues and expenses which the department administers on behalf of the Commonwealth.

Table 3.7:  Schedule of Budgeted Assets and Liabilities Administered on behalf of Government
This schedule identifies assets and liabilities which the department administers on behalf of the Commonwealth.

Table 3.8:  Schedule of Budgeted Administered Cash Flows
This schedule identifies cash flows which the department administers on behalf of the Commonwealth.

3.1: Analysis of budgeted financial statements

The main movements in the budgeted financial statements are explained under the relevant title of each budgeted financial statement below.

Departmental Financial Performance (table 3.1)

An increase in the efficiency dividend from 1% to 1.25% resulted in a decrease in appropriation revenue of $0.05m in 2005-06 ongoing, which means the department must make these savings in its employee and supplier expenses.  Otherwise, no major movements in operating expenses are anticipated.

Departmental Financial Position (table 3.2)

The reduction in cash holdings as at the end of the 2005-06 financial year represents a major update in computing equipment that is to occur during that year, consistent with the department's asset replacement planning.  These movements are reflected in the Infrastructure, plant and equipment in the same statement, in the cash flow statement (table 3.3) and in the capital budget statement (table 3.4).

Administered Revenues and Expenses (table 3.6)

The main movement in administered revenues and expenses relates to the transfer of $0.8m to (DoFA)  for  the Support of Office-Holders  item.

Administered Assets and Liabilities (table 3.7)

With the transfer of the Support of Office-Holders  item to DoFA, the only administered liabilities relating to the department (employee entitlements) have been expunged. 

3.2: Budgeted financial statements tables

Table 3.1:  Budgeted departmental statement of financial performance for the period ended 30 June

Table 3.2:  Budgeted departmental statement of financial position as at 30 June

Table 3.3:  Budgeted departmental statement of cash flows for the period ended 30 June

Table 3.4:  Departmental capital budget statement

Table 3.5:  Departmental property, plant, equipment and intangibles — summary of movement (Budget year 2005-06)

Table 3.6:  Schedule of budgeted revenues and expenses administered on behalf of Government for the period ended 30 June

Table 3.7:  Schedule of budgeted assets and liabilities administered on behalf of Government as at 30 June

Table 3.8:  Schedule of budgeted administered cash flows for the period ended 30 June

3.3: Notes to the financial statements

Departmental Financial Performance (table 3.1)

Other revenues refers to resources received free of charge.

Departmental Financial Position (table 3.2)

Receivables include appropriations available to the department from prior years.

Administered Revenues and Expenses (table 3.6)

From  2005-06 onwards,  Personal benefits relates solely to senators' salaries and allowances.

Appropriations in the Accrual Budgeting Framework

Under the Commonwealth’s accrual budgeting framework, separate annual appropriations are provided for:

–     Departmental price of outputs appropriations: representing the Government’s purchase of outputs from agencies;

–     Departmental capital appropriations:  for investments by the Government for either additional equity or loans in agencies;

–     Administered expense appropriations:  for the estimated administered expenses relating to an existing outcome, a new outcome or a Specific Purpose Payment to the states; and

–     Administered capital appropriations: for increases in administered equity through funding non expense administered payments.

The department has received no capital appropriations in 2005-06.

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