Section 3 presents budgeted financial statements which
provide a comprehensive snapshot of the departments’ finances for the budget
year 2009-10. It explains how budget plans are incorporated into the
financial statements and provides further details of movements in administered
funds, special accounts and government indigenous expenditure.
The Resource Statement (Table 1.1) details the total
available appropriation available to the department from all sources. For
departmental operating appropriations this includes carry-forward amounts as well
as amounts appropriated at Budget. As the department incurs and is funded for
future liabilities (generally depreciation and employee entitlements), the
total amount of operating appropriation available to the department is unlikely
to be fully utilised in the Budget year. The Resource Statement includes detail
of the expected use of available resources in contributing towards the outcome
in the Budget year. Table 3.1.1 reconciles the total available appropriation
and amounts attributable to all outcomes.
3.1.2 Special Accounts
Special accounts provide a means to set aside and record
amounts used for specified purposes. Special Accounts can be created by a
Finance Minister’s Determination under the Financial Management and
Accountability Act 1997 or under separate enabling legislation. Table 3.1.2
shows the expected additions (receipts) and reductions (payments) for each
account used by the Department.
Table 3.1.2: Estimates of Special Account cash flows and balances
In 2008-09, the cash inflows and outflows relating to this
special account related exclusively to the department's Comcare Trust Account.
The purpose of this account was to make compensation payments in accordance
with the Safety and Rehabilitation Act 1988.
The department projects no transactions for its Services for
other Governments and Non-Agency Bodies Special Account which currently has a
nil balance.
3.1.3 Australian Government Indigenous Expenditure
The department has no
Australian Government Indigenous Expenditure for 2009-10 to report.
3.2 Budgeted
financial statements
3.2.1 Analysis of budgeted financial statements
Table 3.2.1:
Budgeted Departmental Income Statement
This statement
identifies expenses and revenues and highlights whether the department is
operating at a sustainable level. Other revenues refers to
resources received free of charge.
Table 3.2.2: Budgeted Departmental Balance Sheet
This statement identifies
assets and liabilities. Receivables include appropriations
available to the department from prior years.
Table 3.2.3: Budgeted Departmental Statement of Cash Flows
This statement
identifies the department’s cash flows, categorising them by operating, financing
and investing activities.
Table 3.2.4: Departmental statement of changes in equity — summary of
movement
This statement
summarises the planned movement in equity in 2009-10.
Schedule
of Administered Activity
Table 3.2.5: Schedule of Budgeted Administered Income and Expenses
This schedule identifies revenues and expenses which the
department administers on behalf of the Commonwealth. Personal benefits
relates solely to senators' salaries and allowances.
Table 3.2.6: Schedule of Budgeted Administered Assets and Liabilities
This schedule identifies assets
and liabilities which the department administers on behalf of the Commonwealth.
Table 3.2.7: Schedule of Budgeted Administered Cash Flows
This schedule identifies cash flows which the department
administers on behalf of the Commonwealth.
3.2.2 Budgeted financial statements tables
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