Portfolio Budget Statements 2008-09 

• 3.1 Explanatory tables
• 3.2 Budgeted financial statements

Section 3 presents budgeted financial statements which provide a comprehensive snapshot of agency finances for the Budget year 2008–09. It explains how budget plans are incorporated into the financial statements and provides further details of the reconciliation between the agency and outcome resource statements, movements in administered funds, special accounts and government Indigenous expenditure.

3.1 Explanatory Tables

3.1.1 Reconciliation of total available appropriation and outcomes

The Agency Resource Statement (Table 1.1) details the total available appropriation available to an agency from all sources. For departmental operating appropriations (outputs) this includes carry-forward amounts as well as amounts appropriated at Budget. As agencies incur and are funded for future liabilities, generally depreciation and employee entitlements, the total amount of departmental operating appropriation available to an agency is unlikely to be fully utilised in the budget year. Outcome resource statements include details of the expected use of available resources in contributing towards outcomes in the budget year. The difference between the agency level resource statement and the sum of all outcome resource statements is the expected carry-forward amount of resources for the 2009–10 Budget year, including amounts related to meeting future obligations to maintain the agency’s asset base and to meet employee entitlement liabilities. Table 3.1.1 reconciles the total available appropriation and amounts attributable to all outcomes.

Table 3.1.1: Reconciliation of total available appropriation and outcomes

	$'000
Total available departmental operating appropriation (outputs)	1,535,503 1
Less estimated payments in 2008-09	1,513,664
Estimated departmental outputs carried forward and available for 2009-10	21,839 2

1. Departmental Appropriation Bill 1 + Section 31 of the FMA Act (1,513,691 + 20,522 +1,290 = 1,535,503).
2. Total Appropriation less cash used (open balance for 2009-10)

3.1.2 Movement of administered funds between years

Administered funds can be provided for a specified period, for example under annual Appropriation Acts. Funds not used in the specified period are subject to review by the Minister for Finance and Deregulation, and may be moved to a future period, in accordance with provisions in legislation.

Table 3.1.2: Movement of administered funds between years

Movements of funding between years	$'000
Table 3.1.2 shows the movement of funds for the Families, Housing, Community Services and Indigenous Affairs portfolio. The total movement of funds from 200708 to 2008-09 amounts to $19 million, comprising:
Improving Policing in Very Remote Areas for construction of policing facilities	4,047
Ex-Gratia Payments to Unsuccessful Applicants of Carer Payment (Child) for families of young children in exceptional circumstances while the review of the payment is conducted	500
COAG – Helping Younger people with a Disability in Residential Aged Care adjustment to re-align ACT funding	79
Commonwealth State Territory Disability Agreement (DAP Measures) – includes movement from Services for People with a Disability (DAP Targeted Support)	12,553
Services for People with a Disability adjustment to DAP taskforce timeframe	750
Parenting - implementation of specific elements of the Expansion of Playgroups for Indigenous Families measure	1,000
Ex Gratia Payment – 2006 East Timor Medical Evacuees for continued medical care	85
Movement of administered funds from 2007-08 to 2008-09	19,014

[ top ]

3.1.3 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 3.1.3 shows the expected additions (receipts) and reductions (payments) for each account used by FaHCSIA.

Table 3.1.3: Estimates of Special Account cash flows and balances

	Outcome	Opening balance 2008-09 2007-08 $'000	Receipts 2008-09 2007-08 $'000	Payments 2008-09 2007-08 $'000	Adjustments 2008-09 2007-08 $'000	Closing balance 2008-09 2007-08 $'000
Aboriginal Advancement Account (A)	1	619	-	-	-	619
		619	-	-	-	619
Aboriginals Benefit Account (A)	1	116,660	105,896	- 92,999	-	129,557
		146,794	88,376	-118,510	-	116,660
Aboriginal and Torres Strait Islander Land Account (A)	1	1,654,907	103,412	- 33,698	-	1,724,621
		1,560,353	94,554	-	-	1,654,907
Northern Territory Flexible Funding Pool Special Account (A,D)	1	11,615	75,886	- 75,886	-	11,615
		-	46,462	-34,847	-	11,615
Income Management Special Account (A)	1	8,481	149,296	- 142,352	-	15,425
		-	182,891	-174,410	-	8,481
Commonwealth, State, Territory Disability Agreement Special Account (A)	2	140	20	- 412	-	- 252
		532	20	- 412	-	140
Other Services - Services for other Government and Non Government Bodies (A)	2	36	44	- 110	-	- 30
		37	44	- 45	-	36
Social Security - Services for other Government and Non Government Bodies (A)	3	348	-	-	-	348
		348	-	-	-	348
SAAP Data and Program Evaluation Fund Special Account (A)	4	1,038	2,350	- 3,055	-	333
		1,613	3,670	-4,245	-	1,038
Total special accounts 2008-09 Budget estimate		1,793,844	436,904	(348,512)	-	1,882,236
Total special accounts 2007-08 estimate actual		1,710,296	416,017	(332,469)	-	1,793,844

(A) = Administered.
(D) = Departmental.

[ top ]

3.1.4 Australian Government Indigenous Expenditure

Table 3.1.4: Australian Government Indigenous Expenditure

Outcome	Appropriations				Other	Total	Output Group
	Bill No. 1 $'000 (A)	Bill No. 2 $'000 (B)	Special Approp $'000 (C)	Total Approp $'000 (D)	$'000 (E)	$'000 (F)=(D)+(E)	(G)
FaHCSIA Outcome 1
Departmental 2008-09	64,634	-	-	64,634	-	64,634	1.1
Departmental 2007-08	68,581	-	-	68,581	-	68,581	1.1
Administered 2008-09	771,422	389,684	96,437	1,257,543	262,367	1,519,910	1.2
Administered 2007-08	832,510	11,187	83,522	927,219	285,245	1,212,464	1.2
Departmental 2008-09	213,743	-	-	213,743	438	214,181	1.2
Departmental 2007-08	190,528	-	-	190,528	437	190,965	1.2
Departmental 2008-09	8,282	-	-	8,282	-	8,282	1.3
Departmental 2007-08	6,390	-	-	6,390	-	6,390	1.3
Total Outcome 2008-09	1,058,081	389,684	96,437	1,544,202	262,805	1,807,007
Total Outcome 2007-08	1,098,009	11,187	83,522	1,192,718	285,682	1,478,400
Outcome 2
Administered 2008-09	286	-	-	286	-	286	2.2
Administered 2007-08	284	-	-	284	-	284	2.2
Administered 2008-09	80	-	-	80	-	80	2.5
Administered 2007-08	40	-	-	40	-	40	2.5
Total Outcome 2008-09	366	-	-	366	-	366
Total Outcome 2007-08	324	-	-	324	-	324
Outcome 3
Administered 2008-09	29,642	22,516	-	52,158	-	52,158	3.1
Administered 2007-08	28,508	28,271		56,779	-	56,779	3.1
Departmental 2008-09	979	-	-	979	-	979	3.1
Departmental 2007-08	949	-	-	949	-	949	3.1
Total Outcome 2008-09	30,621	22,516	-	53,137	-	53,137
Total Outcome 2007-08	29,457	28,271	-	57,728	-	57,728
Outcome 4
Administered 2008-09	169	-	-	169	-	169	4.1
Administered 2007-08	165	95,323		95,488	-	95,488	4.1
Administered 2008-09	8,469	-	-	8,469	-	8,469	4.2
Administered 2007-08	6,844	95,323		102,167	-	102,167	4.2
Departmental 2008-09	660	-	-	660	-	660	4.2
Departmental 2007-08	523	-	-	523	-	523	4.2
Total Outcome 2008-09	9,298	-	-	9,298	-	9,298
Total Outcome 2007-08	7,532	190,646	-	198,178	-	198,178
AHL Outcome 1
Departmental 2008-09	27,881	6,472	-	34,353	12,249	46,602	1.1
Departmental 2007-08	27,275	16,230	-	43,505	11,526	55,031	1.1
Departmental 2008-09	6,400	-	-	6,400	-	6,400	1.2
Departmental 2007-08	6,400	-	-	6,400	-	6,400	1.2
Total Outcome 2008-09	34,281	6,472	-	40,753	12,249	53,002
Total Outcome 2007-08	33,675	16,230	-	49,905	11,526	61,431
IBA Outcome 1
Departmental 2008-09	37,875	41,508	-	79,383	57,550	136,933	All outputs
Departmental 2007-08	61,160	59,949	-	121,109	195,838	316,947	All outputs
Total Outcome 2008-09	37,875	41,508	-	79,383	57,550	136,933
Total Outcome 2007-08	61,160	59,949	-	121,109	195,838	316,947
ILC Outcome 1
Departmental 2008-09	-	-	-	-	48,199	48,199
Departmental 2007-08	-	-	-	-	13,542	13,542
Total Outcome 2008-09	-	-	-	-	48,199	48,199
Total Outcome 2007-08	-	-	-	-	13,542	13,542
TSRA Outcome 1
Departmental 2008-09	3,087	-	-	3,087	732	3,819	1.1
Departmental 2007-08	2,450	-	-	2,450	732	3,182	1.1
Departmental 2008-09	35,378	-	-	35,378	159	35,537	1.2
Departmental 2007-08	35,127	-	-	35,127	159	35,286	1.2
Departmental 2008-09	2,251	-	-	2,251	145	2,396	1.3
Departmental 2007-08	1,594	-	-	1,594	145	1,739	1.3
Departmental 2008-09	3,082	-	-	3,082	85	3,167	1.4
Departmental 2007-08	3,123	-	-	3,123	85	3,208	1.4
Departmental 2008-09	5,674	-	-	5,674	205	5,879	1.5
Departmental 2007-08	7,022	-	-	7,022	205	7,227	1.5
Departmental 2008-09	2,432	-	-	2,432	559	2,991	1.6
Departmental 2007-08	2,224	-	-	2,224	559	2,783	1.6
Total Outcome 2008-09	51,904	-	-	51,904	1,885	53,789
Total Outcome 2007-08	51,540	-	-	51,540	1,885	53,425
Total Administered 2008-09	810,068	412,200	96,437	1,318,705	262,367	1,581,072
Total Administered 2007-08	868,351	230,104	83,522	1,181,977	285,245	1,467,222
Total Departmental 2008-09	412,358	47,980	-	460,338	120,321	580,659
Total Departmental 2007-08	413,346	76,179	-	489,525	223,228	712,753
Total AGIE 2008-09	1,222,426	460,180	96,437	1,779,043	382,688	2,161,731
Total AGIE 2007-08	1,281,697	306,283	83,522	1,671,502	508,473	2,179,975

[ top ]

3.2 Budgeted Financial Statements

3.2.1 Analysis of budgeted financial statements

The budgeted departmental financial statements and administered schedules for FaHCSIA encompass the 2008-09 Budget year as well as the 2009–10, 2010–11 and 2011–12 financial years.

Operating Results

Departmental

FaHCSIA is budgeting for a balanced operating position in 2008-09.

Operating Revenue

Total operating revenue for 2008–09 is primarily made up of government appropriations of $1.5 billion. The increase in revenue of $40 million reflects additional funding for new policy initiatives offset by funding transferred to other agencies under the 2007 Machinery of Government changes.

Operating Expenses

Total expenses for 2008–09 are estimated to be $1.5 billion. The increase in expenses of $41 million is attributable to increased costs associated with new policy initiatives.

Administered

Revenue

FaHCSIA will administer the collection of non-taxation revenue estimated at $311.1 million representing a decrease of $31.2 million from the 2007–08 estimated revenues.

Expenses

FaHCSIA will administer programs totalling $62.6 billion on behalf of the Australian Government in 2008–09. This increase of $6.7 billion on the estimated payments for 2007–08 is mainly attributable to, programs that transferred to FaHCSIA under the 2007 Machinery of Government changes, growth in personal benefits payments and new policy initiatives.

Balance Sheet

Departmental

Net Asset position

The Department’s net asset position is expected to increase by $6.8 million to $218.9 million.

FaHCSIA’s overall net asset position continues to ensure its viability and enables it to maintain an adequate level of working capital and fixed assets.

Total Assets

FaHCSIA’s total assets are forecast to increase by $7.0 million to $341.1 million.

Financial assets

Financial assets are forecast to increase by $8.8 million to $128.0 million, driven by an increase in receivables of $11.8 million offset by a reduction in the cash balance of $3 million.

Non-financial assets

Non-financial assets are forecast to decrease by $1.8 million to $213.2 million through a slowing of major capital projects and the transfer of some information technology projects as part of the 2007 Machinery of Government changes.

Total liabilities

FaHCSIA’s total liabilities are forecast to increase by $0.2 million.

Administered

Total Assets

Total assets administered by FaHCSIA on behalf of the Australian Government are forecast to increase by $2.6 billion to $6.2 billion. This large increase is directly attributable to appropriations receivable including Baby Bonus ($0.3 billion) and Family Tax Benefit ($2.2 billion). The increase relates to budget measures that change the payment of Baby Bonus from a one-off payment to instalment payments, and transfer the delivery of FTB payments from the ATO to Centrelink.

Total liabilities

Total administered liabilities are forecast to increase by $2.5 billion to $6.7 billion. This increase is primarily due to personal benefits payable including Baby Bonus ($0.3 billion), Family Tax Benefit A ($1.6 billion) and Family Tax Benefit B ($602 million).

Departmental Statements

Budgeted departmental income statement

This statement provides a picture of the expected financial result for the Department by identifying full accrual expenses and incomes.

Budgeted departmental balance sheet

This statement shows the financial position of the Department and enables decision makers to track the management of the Department’s assets and liabilities.

Budgeted departmental statement of cash flows

The budgeted cash flows, as reflected in the statement of cash flows, provides important information on the extent and nature of cash flows by characterising them into expected cash flows from operating activities, investing activities and financing activities.

Budgeted departmental statement of changes in equity

This statement shows the movements in equity items during the Budget year 2008–09.

Schedule of budgeted income and expense administered on behalf of the Government

This schedule identifies the main incomes and expenses administered by FaHCSIA on behalf of the Australian Government.

Schedule of budgeted assets and liabilities administered on behalf of the Government

This schedule shows the assets and liabilities administered by FaHCSIA on behalf of the Australian Government.

Schedule of budgeted administered cash flows

This schedule shows cash flows administered by FaHCSIA on behalf of the Australian Government.

[ top ]

3.2.2 Budgeted financial statements tables

Table 3.2.1: Budgeted departmental income statement (for the period ended 30 June)

	Estimated actual 2007-08 $'000	Budget estimate 2008-09 $'000	Forward estimate 2009-10 $'000	Forward estimate 2010-11 $'000	Forward estimate 2011-12 $'000
Income Revenue
Revenues from Government	1,473,036	1,513,691	1,272,172	1,251,661	1,268,499
Goods and services	13,580	12,839	12,839	12,839	12,839
Other	7,676	7,683	7,658	7,458	7,458
Total revenue	1,494,292	1,534,213	1,292,669	1,271,958	1,288,796
Gains
Other	1,290	1,290	1,290	1,290	1,290
Total gains	1,290	1,290	1,290	1,290	1,290
Total income	1,495,582	1,535,503	1,293,959	1,273,248	1,290,086
Expenses
Employees	281,603	283,751	232,790	232,390	236,626
Suppliers	241,521	230,543	182,421	183,590	186,592
Depreciation and amortisation	19,046	21,337	21,344	21,971	21,684
Payment for service delivery	952,444	999,872	857,404	835,297	845,184
Total expenses	1,494,614	1,535,503	1,293,959	1,273,248	1,290,086
Surplus (Deficit) before income tax	968	-	-	-	-
Surplus (deficit) attributable to the Australian Government	968	-	-	-	-
Surplus (Deficit) before income tax	968
Surplus(Deficit)	968	-	-	-	-
Surplus (deficit) attributable to the Australian Government	968	-	-	-	-

Prepared on Australian Accounting Standards basis

[ top ]

Table 3.2.2: Budgeted departmental income statement (for the period ended 30 June)

	Estimated actual 2007-08 $'000	Budget estimate 2008-09 $'000	Forward estimate 2009-10 $'000	Forward estimate 2010-11 $'000	Forward estimate 2011-12 $'000
Assets Financial assets
Cash and equivalents	8,906	5,863	5,225	7,343	8,879
Trade and other Receivables	110,255	122,101	120,271	135,526	151,709
Total financial assets	119,161	127,964	125,496	142,869	160,588
Non-financial assets
Land and buildings	130,649	128,917	122,160	110,217	97,324
Infrastructure, plant and equipment	12,802	13,865	13,495	11,197	10,208
Intangibles	47,714	46,543	45,400	37,585	29,840
Other	23,846	23,846	23,846	23,846	23,846
Total non-financial assets	215,011	213,171	204,901	182,845	161,218
Assets held for sale
Total assets	334,172	341,135	330,397	325,714	321,806
Liabilities Interest bearing liabilities
Leases	556	556	556	556	556
Total interest bearing liabilities	556	556	556	556	556
Provisions
Employees	67,653	68,155	55,699	55,601	56,636
Other	8,230	8,230	8,230	8,230	8,230
Total provisions	75,883	76,385	63,929	63,831	64,866
Payables
Suppliers	32,769	32,472	34,155	29,155	24,155
Other	12,775	12,775	12,775	12,775	12,775
Total payables	45,544	45,247	46,930	41,930	36,930
Total liabilities	121,983	122,188	111,415	106,317	102,352
Net assets	212,189	218,947	218,982	219,397	219,454
Equity* Parent entity interest
Contributed equity	69,501	76,259	76,294	76,709	76,766
Reserves	36,105	36,105	36,105	36,105	36,105
Retained surpluses or accumulated deficits	106,583	106,583	106,583	106,583	106,583
Total parent entity interest	212,189	218,947	218,982	219,397	219,454
Total equity	212,189	218,947	218,982	219,397	219,454
Current assets	119,161	127,964	125,496	142,869	160,588
Non-current assets	215,011	213,171	204,901	182,845	161,218
Current liabilities	45,544	45,247	46,930	41,930	36,930
Non-current liabilities	76,439	76,941	64,485	64,387	65,422

*Note: 'equity' is the residual interest in assets after deduction of liabilities. Prepared on Australian Accounting Standards basis

[ top ]

Table 3.2.3: Budgeted departmental statement of cash flows (for the period ended 30 June)

	Estimated actual 2007-08 $'000	Budget estimate 2008-09 $'000	Forward estimate 2009-10 $'000	Forward estimate 2010-11 $'000	Forward estimate 2011-12 $'000
Operating Activities Cash received
Goods and services	13,580	12,839	12,839	12,839	12,839
Appropriations	1,488,691	1,507,845	1,278,002	1,241,806	1,257,716
Other	7,677	7,683	7,658	7,458	7,458
Total cash received	1,509,948	1,528,367	1,298,499	1,262,103	1,278,013
Cash used
Employees	274,414	279,094	240,953	229,600	232,677
Suppliers	244,418	234,705	188,742	189,688	193,216
Other	952,444	999,872	857,404	835,297	845,184
Total cash used	1,471,276	1,513,670	1,287,099	1,254,585	1,271,076
Net cash from or (used by) operating activities	38,672	14,697	11,400	7,518	6,937
Investing Activities Cash used
Purchase of property, plant and equipment	76,675	24,497	12,074	5,815	5,457
Total cash used	76,675	24,497	12,074	5,815	5,457
Net cash from or (used by) investing activities	(76,675)	(24,497)	(12,074)	(5,815)	(5,457)
Financing Activities Cash received
Appropriations -contributed equity	40,936	6,758	35	415	57
Total cash received	40,936	6,758	35	415	57
Net cash from or (used by) financing activities	40,936	6,758	35	415	57
Net increase or (decrease) in cash held	2,933	(3,042)	(639)	2,118	1,537
Cash at the beginning of the reporting period	5,973	8,906	5,863	5,225	7,343
Cash at the end of the reporting period	8,906	5,863	5,225	7,343	8,879

Prepared on Australian Accounting Standards basis

[ top ]

Table 3.2.4: Departmental statement of changes in equity — summary of movement (Budget year 2008–09)

	Retained earnings $'000	Asset revaluation reserve $'000	Other reserves $'000	Contributed equity/ capital $'000	Total equity $'000
Opening balance as at 1 July 2008
Balance carried forward from previous period	106,583	36,105	-	69,501	212,189
Adjusted opening balance	106,583	36,105	-	69,501	212,189
Transactions with owners Contribution by owners
Appropriation (equity injection)	-	-	-	6,758	6,758
Sub-total transactions with owners	-	-	-	6,758	6,758
Estimated closing balance as at 30 June 2009	106,583	36,105	-	76,259	218,947

Prepared on Australian Accounting Standards basis

Table 3.2.5: Schedule of budgeted income and expenses administered on behalf of Government (for the period ended 30 June)

	Estimated actual 2007-08 $'000	Budget estimate 2008-09 $'000	Forward estimate 2009-10 $'000	Forward estimate 2010-11 $'000	Forward estimate 2011-12 $'000
Income Administered on Behalf of Government Revenue Non-taxation
Interest	102,354	113,071	113,117	114,600	113,842
Other sources of non-taxation	0	0	0	0	0
revenues	239,902	198,032	42,382	36,940	32,112
Total non-taxation	342,256	311,103	155,499	151,540	145,954
Total income administered on behalf of Government	342,256	311,103	155,499	151,540	145,954
Expenses Administered on Behalf of Government
Grants	3,792,731	4,199,998	4,328,702	4,523,984	4,646,254
Subsidies	6,844	7,378	7,726	7,943	8,142
Personal benefits	51,740,293	58,130,943	60,762,165	63,994,588	67,378,142
Suppliers	143,846	113,926	95,390	22,357	18,265
Other	181,212	146,784	3,926	3,938	3,949
Total expenses administered on behalf of Government	55,864,926	62,599,029	65,197,909	68,552,810	72,054,752

Prepared on Australian Accounting Standards basis

[ top ]

Table 3.2.6: Schedule of budgeted assets and liabilities administered on behalf of Government (as at 30 June)

	Estimated actual 2007-08 $'000	Budget estimate 2008-09 $'000	Forward estimate 2009-10 $'000	Forward estimate 2010-11 $'000	Forward estimate 2011-12 $'000
Assets Administered on Behalf of Government Financial assets
Cash and cash equivalents	67,092	76,822	79,529	90,275	110,377
Receivables	1,205,184	3,747,507	3,854,084	4,000,481	4,281,746
Investments	2,302,286	2,381,500	2,491,755	2,570,430	2,670,796
Total financial assets	3,574,562	6,205,829	6,425,368	6,661,186	7,062,919
Non-financial assets
Other	180	180	180	180	180
Total non-financial assets	180	180	180	180	180
Total assets administered on behalf of Government	3,574,742	6,206,009	6,425,548	6,661,366	7,063,099
Liabilities Administered on Behalf of Government Provisions
Other provisions	3,080,508	3,115,099	3,151,942	3,191,103	3,230,264
Total provisions	3,080,508	3,115,099	3,151,942	3,191,103	3,230,264
Payables
Suppliers	21,736	21,737	21,738	21,739	21,740
Personal benefits payable	1,037,478	3,546,823	3,630,138	3,737,377	3,979,476
Grants	28,424	28,430	28,437	28,435	28,439
Total payables	1,087,638	3,596,990	3,680,313	3,787,551	4,029,655
Total liabilities administered on behalf of Government	4,168,146	6,712,089	6,832,255	6,978,654	7,259,919

Prepared on Australian Accounting Standards basis

[ top ]

Table 3.2.7: Schedule of budgeted administered cash flows (for the period ended 30 June)

	Estimated actual 2007-08 $'000	Budget estimate 2008-09 $'000	Forward estimate 2009-10 $'000	Forward estimate 2010-11 $'000	Forward estimate 2011-12 $'000
Operating Activities Cash received
Interest	102,354	113,071	113,117	114,600	113,842
Net GST received	62,981	64,252	63,197	63,197	63,197
Other	317,407	197,632	41,982	36,540	31,712
Total cash received	482,742	374,955	218,296	214,337	208,751
Cash used
Grant payments	3,803,525	4,196,748	4,322,728	4,518,019	4,642,994
Subsidies paid	6,843	7,377	7,725	7,942	8,141
Personal benefits	51,484,413	55,601,010	60,568,525	63,818,014	67,061,927
Suppliers	147,469	117,056	98,532	25,499	21,407
Net GST paid	62,981	64,252	63,197	63,197	63,197
Other	239,807	147,852	17,515	3,940	3,949
Total cash used	55,745,038	60,134,295	65,078,222	68,436,611	71,801,615
Net cash from or (used by) operating activities	(55,262,296)	(59,759,340)	(64,859,926)	(68,222,274)	(71,592,864)
Investing Activities Cash used
Investments	102,354	79,214	110,255	78,675	100,366
Total cash used	102,354	79,214	110,255	78,675	100,366
Net cash from or (used by) investing activities	(102,354)	(79,214)	(110,255)	(78,675)	(100,366)
Financing Activities Net cash from or (used by) financing activities	-	-	-	-	-
Net increase or (decrease) in cash held
Cash at beginning of reporting period	53,640	67,092	76,822	79,529	90,275
Cash from Official Public Account for:
- appropriations	55,430,529	59,893,756	65,012,053	68,345,418	71,742,227
Cash to Official Public Account for:
- appropriations	-	-	-	-	-
- special accounts	52,427	45,472	39,165	33,723	28,895
Cash at end of reporting period	67,092	76,822	79,529	90,275	110,377

Prepared on Australian Accounting Standards basis

[ top ]

3.2.4 Notes to the financial statements

Accounting policies

Budgeted statements of income and expenditure, assets and liabilities and cash flows have been included for the financial years 2007–08 to 2011–12. These statements are prepared in accordance with the requirements of the Government’s financial budget and reporting framework.

Amounts in these statements are rounded to the nearest thousand dollars.

Reporting Entities

FaHCSIA’s budgeted financial statements include:

• the Department (FaHCSIA core)
• the Social Security Appeals Tribunal
• the Aboriginals Benefit Account
• the Aboriginal and Torres Strait Islander Land Account.

Departmental and Administered Items

Departmental revenues, expenses, assets and liabilities are those which are controlled by FaHCSIA. Departmental expenses include employee and supplier expenses and other administrative costs which are incurred by FaHCSIA in providing its goods and services.

Administered items are revenues, expenses, assets and liabilities which are managed by FaHCSIA on behalf of the Australian Government, according to set government directions. Administered expenses include subsidies, grants and personal benefit payments.

The distinction between departmental and administered funding enables an assessment of the administrative efficiency of the department in managing government programmes.

Asset Valuation

All assets are initially recorded at cost. Property, plant and equipment and other infrastructure assets are periodically revalued at their fair value.

Commentary – Financial Statements

Intangibles (Departmental)

Intangibles represent the amount of computer software currently recorded by FaHCSIA. Intangible assets are recorded at cost.

Previous: FaHCSIA Outcomes and planned performance Next: Aboriginal Hostels Limited - Section 1