Portfolio Additional
Estimates Statements 2014-15
Finance Portfolio
Explanations of Additional Estimates 2014-15
© Commonwealth of Australia 2015
ISBN 978-1-76021-336-7
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President of the Senate
Australian Senate
Parliament House
CANBERRA ACT 2600
Speaker
House of Representatives
Parliament House
CANBERRA ACT 2600
Dear Mr President and Madam Speaker
I hereby submit Portfolio Additional Estimates Statements in support of the
2014-15 Additional Estimates for the Finance Portfolio.
These statements have been developed, and are submitted to the Parliament, as
a statement on the funding requirements being sought for the Portfolio.
I present these statements by virtue of my ministerial responsibility for
accountability to the Parliament and, through it, to the public.
Kind regards
Mathias Cormann
Minister for Finance
February 2015
Abbreviations and conventions
The following notations may be used:
NEC/nec
not elsewhere classified
-
nil
..
not zero, but rounded to zero
na
not applicable (unless otherwise specified)
nfp
not for publication
$m
$ million
Figures in tables and in the text may be rounded. Figures in text are generally rounded
to one decimal place, whereas figures in tables are generally rounded to the nearest
thousand. Discrepancies in tables between totals and sums of components are due to
rounding.
Enquiries
Should you have any enquiries regarding this publication please contact the Chief
Financial Officer in the Department of Finance on (02) 6215 2222.
A copy of this document can be located on the Australian Government Budget website
at: http://www.budget.gov.au.
iv
USER GUIDE
TO THE
PORTFOLIO ADDITIONAL
ESTIMATE STATEMENTS
USER GUIDE
The purpose of the Portfolio Additional Estimates Statements (PAES), like that of the
Portfolio Budget Statements (PB Statements), is to inform Senators and Members of
Parliament of the proposed allocation of resources to Government outcomes by entities
within the portfolio. The focus of the PAES differs from the PB Statements in one
important aspect. While the PAES include an Entity Resource Statement to inform
Parliament of the revised estimate of the total resources available to an entity, the focus
of the PAES is on explaining the changes in resourcing by outcome(s) since the Budget.
As such, the PAES provides information on new measures and their impact on the
financial and/or non-financial planned performance of programmes supporting those
outcomes.
The PAES facilitate understanding of the proposed appropriations in Appropriation
Bills Nos. 3 and 4 2014-15. In this sense the PAES is declared by the Additional
Estimates Appropriation Bills to be a ‘relevant document’ to the interpretation of the
Bills according to section 15AB of the Acts Interpretation Act 1901.
Whereas the Mid-Year Economic and Fiscal Outlook (MYEFO) 2014-15 is a mid-year
budget report which provides updated information to allow the assessment of the
Government’s fiscal performance against its fiscal strategy, the PAES update the most
recent budget appropriations for entities within the portfolio.
vii
User Guide
Structure of the Portfolio Additional Estimates Statements
The PAES are presented in three parts with subsections.
User Guide
Provides a brief introduction explaining the purpose of the PAES.
Portfolio Overview
Provides an overview of the portfolio, including a chart that outlines the outcomes for entities
in the portfolio.
Entity Additional Estimates Statements
A statement (under the name of the entity) for each entity affected by Additional Estimates.
Section 1: Entity
Overview and Resources
This section details the total resources available to an entity, the
impact of any measures since Budget, and impact on
Appropriation Bills Nos. 3 and 4.
Section 2: Revisions to
Outcomes and Planned
Performance
This section details changes to Government outcomes and/or
changes to the planned performance of entity programmes.
Section 3: Explanatory
Tables and Budgeted
Financial Statements
This section contains updated explanatory tables on special
account flows and staffing levels and revisions to the budgeted
financial statements.
Glossary
Explains key terms relevant to the Portfolio.
Acronyms
Details key acronyms used throughout the document.
viii
CONTENTS
Portfolio Overview......................................................................................................... 1
Entity Additional Estimates Statements ..................................................................... 7
Department of Finance .................................................................................................. 11
Australian Electoral Commission .................................................................................. 63
Glossary ....................................................................................................................... 81
Acronyms ..................................................................................................................... 85
ix
PORTFOLIO OVERVIEW
FINANCE PORTFOLIO OVERVIEW
Portfolio Overview
The Finance portfolio outcomes are represented in Figure 1 on page 4.
Additional Estimates and Variations – Portfolio Level
Additional estimates and variations are being sought by the Department of Finance
(Finance) and the Australian Electoral Commission (AEC). These are detailed in the
respective statements later in this document, with a brief outline of the changes
summarised below.
Funding for the other entities within the portfolio, being ComSuper, the
Commonwealth Superannuation Corporation and the Future Fund Management
Agency, remains unchanged.
Department of Finance
Finance is seeking net additional funding of $75.3 million in Appropriation
Bill No.3 2014-15 and $14.2 million in Appropriation Bill No.4 2014-15.
Finance’s administered special appropriation will increase by $4.3 billion in 2014-15
primarily due to revisions of superannuation estimates and repayment of
oversubscription amounts flowing from the sale of Medibank Private Ltd.
Australian Electoral Commission
The AEC is seeking net additional funding of $2.3 million in Appropriation
Bill No.3 2014-15.
3
Portfolio Overview
Figure 1: Finance Portfolio Structure and Outcomes
Minister for Finance
Senator the Hon Mathias Cormann
Special Minister of State
Senator the Hon Michael Ronaldson
Parliamentary Secretary to the Minister for Finance
The Hon Michael McCormack MP
Department of Finance
Portfolio Secretary: Jane Halton PSM
Outcome 1
Outcome 2
Outcome 3
Informed decisions on Government finances through: policy advice; implementing
frameworks; and providing financial advice, guidance and assurance.
Effective Government policy advice, administration and operations through: oversight of
Government Business Enterprises; Commonwealth property management and
construction; risk management; and providing ICT services.
Support for Parliamentarians, others with entitlements and organisations as approved
by Government through the delivery of entitlements and targeted assistance.
Australian Electoral Commission
Electoral Commissioner: Mr Tom Rogers
Outcome 1
Maintain an impartial and independent electoral system for eligible voters through
active electoral roll management, efficient delivery of polling services, and targeted
education and public awareness programmes.
Commonwealth Superannuation Corporation
Chairman: Mrs Patricia Cross
Outcome 1
Retirement benefits for past, present and future Australian Government employees and
members of the Australian Defence Force through investment and administration of
their government superannuation funds and schemes.
ComSuper
Chief Executive Officer: Dr Jill Charker
Outcome 1
Provide access to Australian Government superannuation benefits and information,
through developing members' understanding of the schemes, processing contributions,
supporting investment processes, paying benefits and managing member details, for
current and former Australian Public Servants and members of the Australian Defence
Force, on behalf of the Commonwealth Superannuation Corporation.
Future Fund Management Agency
Chief Executive Officer: Hon Peter Costello AC
Outcome 1
Make provision for the Commonwealth’s unfunded superannuation liabilities and
payments for the creation and development of infrastructure, by managing the
operational activities of the Future Fund and Nation-Building Funds, in line with the
Government’s investment mandate.
4
Portfolio Overview
Portfolio Resources
Table 1 shows the additional resources provided to the portfolio in the 2014-15 budget
year, by entity.
Table 1: Portfolio Resources 2014-15
Appropriation
Departm ent of Finance
Administered appropriations
Departmental appropriations
Total
Australian Electoral
Com m ission
Administered appropriations
Departmental appropriations
Total
Com m onw ealth
Superannuation Corporation
Administered appropriations
Departmental appropriations
Total
Com Super
Administered appropriations
Departmental appropriations
Total
Future Fund
Managem ent Agency
Administered appropriations
Departmental appropriations
Total
Receipts
Total
$m
$m
$m
14
4,334
-
12,981
39
17,318
126
17,444
2
-
-
(1)
1
1
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Resources available w ithin portfolio:
17,445
Bill No.3
Bill No.4
Special
$m
$m
3
73
5
ENTITY ADDITIONAL ESTIMATES
STATEMENTS
Department of Finance ............................................................................................... 11
Australian Electoral Commission .............................................................................. 63
7
Department of Finance
Section 1: Entity Overview and Resources .............................................................. 11
1.1
Strategic Direction .......................................................................................... 11
1.2
Entity Resource Statement ............................................................................. 11
1.3
Department of Finance Measures Table ........................................................ 16
1.4
Additional Estimates and Variations ............................................................... 17
1.5
Breakdown of Additional Estimates by Appropriation Bill ............................... 20
Section 2: Revisions to Entity Resources and Planned Performance .................. 22
2.1
Resources and Performance Information ....................................................... 22
Section 3: Explanatory Tables and Budgeted Financial Statements ..................... 36
3.1
Explanatory Tables ......................................................................................... 36
3.2
Budgeted Financial Statements ...................................................................... 44
9
DEPARTMENT OF FINANCE
Section 1: Entity Overview and Resources
1.1
Strategic Direction
No changes have occurred that impact on Finance’s Strategic Direction since the issue
of the 2014-15 PB Statements.
1.2
Entity Resource Statement
The Entity Resource Statement details the resourcing for Finance at Additional
Estimates. Table 1.1 outlines the total resourcing available from all sources for the
2014-15 Budget year, including variations through Appropriation Bills Nos. 3 and 4,
Special Appropriations and Special Accounts.
11
Finance Additional Estimates Statements
Table 1.1: Department of Finance Resource Statement — Additional Estimates
for 2014-15 as at Additional Estimates February 2015
Ordinary annual services 1
Departm ental appropriation
Departmental appropriation 2
s74 retained revenue receipts
Total
3
Adm inistered expenses
Outcome 1
Outcome 2
Outcome 3 4
Total
Total ordinary annual services
A
Other services 5
Departm ental non-operating
Equity injections
Total
Adm inistered non-operating
Administered assets and liabilities
Total
Total other services
Total available annual
appropriations
B
Total
Available
Appropriation
Estimates
at Budget
2013-14
$'000
2014-15
$'000
2014-15
$'000
Total
Estimate
at Additional
Estimates
2014-15
$'000
282,291
31,599
313,890
342,216
17,221
359,437
72,612
72,612
414,828
17,221
432,049
10,683
646
296,609
307,938
10,932
694
277,236
288,862
2,720
2,720
13,652
694
277,236
291,582
621,828
648,299
75,332
723,631
318,393
318,393
402,381
402,381
14,189
14,189
416,570
416,570
8,967
8,967
1,532
1,532
24
24
1,556
1,556
327,360
403,913
14,213
418,126
949,188
1,052,212
89,545
1,141,757
+
Proposed
Additional
Estimate
=
Table continues on next page
12
Finance Additional Estimates Statements
Table 1.1: Department of Finance Resource Statement — Additional Estimates
for 2014-15 as at Additional Estimates February 2015 (continued)
Special appropriations 6
Special appropriations lim ited
by criteria/entitlem ent
Federal Circuit Court of
Australia Act 1999
Financial Management and
Accountability Act 1997
Governance of Australian
Government Superannuation
Schemes Act 2011
Governor-General Act 1974
Judges' Pensions Act 1968
Medibank Private Sale Act 2006
Members of Parliament (Life
Gold Pass) Act 2002
Parliamentary Contributory
Superannuation Act 1948
Parliamentary Entitlements
Act 1990
Parliamentary Superannuation
Act 2004
Same-Sex Relationships
(Equal Treatment in
Commonwealth Laws General Law Reform) Act 2008
Superannuation Act 1922
Superannuation Act 1976
Superannuation Act 1990
Cash draw n
from
Appropriation
Estimates
at Budget
2013-14
$'000
2014-15
$'000
2014-15
$'000
Total
Estimate
at Additional
Estimates
2014-15
$'000
273
706
23
729
137
-
-
-
582
1,306
42,814
1,656
1,400
1,255
80,700
75,526
2,338
1,065
44,645
55,900
170,413
+
Proposed
Additional
Estimate
(362)
3,400
3,251,656
-
=
1,400
893
84,100
3,327,182
1,065
(4,271)
51,629
165,294
1,316
166,610
5,302
5,220
-
5,220
57
108,654
3,227,544
390,476
57
41,000
3,370,690
3,993,232
13
(7)
50
(8,894)
32,106
(309,989)
3,060,701
1,400,948
5,394,180
Table continues on next page
Finance Additional Estimates Statements
Table 1.1: Department of Finance Resource Statement — Additional Estimates
for 2014-15 as at Additional Estimates February 2015 (continued)
Special appropriations lim ited
by am ount
Commonwealth of Australia
Constitution Act (s.66)
Special appropriations lim ited
by capital
Special capital appropriations
Total special appropriations
Total appropriations excluding
special accounts
Special accounts
Opening balance 7
Appropriation receipts
Equity injection
Non-appropriation receipts to
special accounts
Total special accounts
C
D
Total
Available
Appropriation
Estimates
at Budget
2013-14
$'000
2014-15
$'000
2014-15
$'000
Total
Estimate
at Additional
Estimates
2014-15
$'000
4,834
4,825
-
4,825
1,836,606
1,720,137
362
1,720,499
5,837,637
9,517,007
4,334,182
13,851,189
6,786,825
10,569,219
4,423,727
14,992,946
547,334
62,742
118,980
606,979
45,917
63,652
83,145
31,500
24,703
690,124
77,417
88,355
14,757,304
15,486,360
15,210,018
15,926,566
12,965,039
13,104,387
28,175,057
29,030,953
+
Proposed
Additional
Estimate
=
Total resourcing
A+B+C+D
22,273,185
26,495,785
17,528,114
44,023,899
Less appropriations draw n from
annual or special appropriations above
(181,722)
(109,569)
(56,203)
(165,772)
and credited to special accounts
Total net resourcing for Finance
22,091,463
26,386,216
17,471,911
43,858,127
1.
Appropriation Act (No. 1) 2014-15 and Appropriation Bill (No. 3) 2014-15.
2.
Includes an amount of $11.050m in 2014-15 for the Departmental Capital Budget (refer to table 3.2.5 for
further details). For accounting purposes this amount has been designated as 'contributions by owners'. Also
includes an amount of $9.110m that will be credited to the Comcover Special Account for Interest
Equivalency Payments (IEPs) in 2014-15 (refer to Table 3.1.1 for further details).
3.
Estimated retained revenue receipts under section 74 of the Public Governance, Performance and
Accountability (PGPA) Act 2013.
4.
Includes an amount of $4.810m in 2014-15 for the Administered Capital Budget (refer to table 3.2.10 for
further details). For accounting purposes this amount has been designated as 'contributions by owners'.
5.
Appropriation Act (No. 2) 2014-15 and Appropriation Bill (No. 4) 2014-15.
6.
For the special appropriations section of this table, 2014-15 amounts reflect expenses estimated to be
charged from the special appropriation. 2013-14 figures represent actual cash usage in that year.
7.
Estimated opening balance for special accounts. For further information on Special Accounts see Table 3.1.1.
Reader note: All figures are GST exclusive.
14
Finance Additional Estimates Statements
Table 1.1: Department of Finance Resource Statement — Additional Estimates
for 2014-15 as at Additional Estimates February 2015 (continued)
Third Party Payments from and on behalf of other entities
Payments made on behalf of Finance
Attorney-General's Department
Parliamentary Entitlements Act 1990
ComSuper
Governance of Australian Government
Superannuation Schemes Act 2011
Same-Sex Relationships (Equal Treatment in
Commonwealth Laws - General Law Reform) Act 2008
Superannuation Act 1922
Superannuation Act 1976
Superannuation Act 1990
Appropriation Act (No.1) 1
Appropriation Act (No.1) 2
Appropriation Act (No.2) 2
Department of Defence
Parliamentary Entitlements Act 1990
Department of the House of Representatives
Commonwealth of Australia
Constitution Act (s.66)
Parliamentary Entitlements Act 1990
Parliamentary Superannuation Act 2004
Department of Parliamentary Services
Appropriation Act (No.1)
Parliamentary Entitlements Act 1990
Department of the Senate
Commonwealth of Australia
Constitution Act (s.66)
Parliamentary Entitlements Act 1990
Parliamentary Superannuation Act 2004
Fair Work Commission
Judges' Pensions Act 1968
Payments made by Finance on behalf of other agencies
Attorney-General's Department
Law Officers Act 1964
Australian Security Intelligence Organisation
Appropriation Act (No.2)
1.
Compensation and legal payments
2.
Act of Grace payments.
15
Estimates at
Additional
Estimates
2014-15
$'000
Estimates at
Budget
1,650
300
1,400
1,400
50
32,106
3,060,701
5,394,180
500
3,308
553
57
41,000
3,370,690
3,993,232
500
587
519
-
-
3,225
450
3,430
3,152
450
3,430
400
16,645
400
16,645
1,600
736
1,790
1,673
736
1,790
5,014
5,014
404
404
15,323
6,700
2014-15
$'000
Finance Additional Estimates Statements
1.3
Department of Finance Measures Table
Table 1.2 summarises new Government measures taken since the 2014-15 Budget. The
table is split into expense and capital measures, with the affected programme
identified.
Table 1.2: Department of Finance 2014-15 Measures since Budget
Programme
2014-15
$'000
2015-16
$'000
2016-17
$'000
2017-18
$'000
Expense m easures
Departmental expenses
Kenbi Land Claim Remediation (Cox
Peninsula)
Smaller Government - Finance Portfolio
Smaller Government - Intra Government
Communications Netw ork (ICON) Scoping Study
2.2
-
Total expense m easures
Departmental
Total
Capital m easures
Administered Capital
National Security - Electorate Offices
security upgrades
(31,500)
-
(31,500)
(31,500)
3.1
Total capital m easures
Administered
Total
Prepared on a Government Financial Statistics (fiscal) basis
16
-
-
-
-
-
-
-
-
-
(771)
(185)
-
-
(771)
(771)
(185)
(185)
-
-
Finance Additional Estimates Statements
1.4
Additional Estimates and Variations
The following tables detail the changes to the resourcing for the Department of Finance
at Additional Estimates, by outcome. Table 1.3 details the Additional Estimates and
variations resulting from new measures since the 2014-15 Budget in Appropriation
Bills Nos. 3 and 4. Table 1.4 details Additional Estimates or variations through other
factors, such as parameter adjustments.
Table 1.3: Additional Estimates and Variations to Outcomes from Measures
since 2014-15 Budget
Programme
impacted
2014-15
$'000
2015-16
$'000
2016-17
$'000
2017-18
$'000
2.2
31,500
-
-
-
31,500
-
-
-
771
185
-
-
Outcom e 2
Increase in estimates (departmental)
Kenbi Land Claim Remediation (Cox
Peninsula)
Net im pact on estim ates
for Outcom e 2 (departm ental)
Outcom e 3
Increase in estimates (administered)
National Security - Electorate Offices
security upgrades
3.1
Net im pact on estim ates
for Outcom e 3 (adm inistered)
771
185
Note: This table has been prepared on an appropriation basis. A positive amount indicates an increate to Finance’s
appropriations while a negative amount indicates a decrease to Finance’s appropriations.
17
Finance Additional Estimates Statements
Table 1.4: Additional Estimates and Variations to Outcomes from Other
Variations
Programme
impacted
2014-15
$'000
2015-16
$'000
2016-17
$'000
2017-18
$'000
Outcom e 1
Increase in estimates (administered)
Superannuation Estimates update
1.2
Net im pact on estim ates
for Outcom e 1 (adm inistered)
1,083,592
-
-
-
1,083,592
-
-
-
Decrease in estimates (departmental)
Communications and Public Affairs
Functions - targeted savings
Economic Parameter Update
(32)
-
(64)
(216)
(64)
(219)
(65)
(334)
Net im pact on estim ates
for Outcom e 1 (departm ental)
(32)
(280)
(283)
(399)
Outcom e 2
Increase in estimates (administered)
Medibank Sale - oversubscription
2.1
3,251,656
-
-
-
3,251,656
-
-
-
2.2
15,590
68,188
2.2
36,240
-
2.1
3,503
-
Net im pact on estim ates
for Outcom e 2 (adm inistered)
Increase in estimates (departmental)
DAFF Post Entry Quarantine
- Movement of Funds
Management of Commonw ealth
property
(33,333)
-
(34,311)
-
Decrease in estimates (departmental)
Moorebank Defence Units Relocation
- Movement of Funds
Economic Parameter Update
Net im pact on estim ates
for Outcom e 2 (departm ental)
55,333
(22,071)
(71)
46,046
(70)
(106)
(33,403)
(34,417)
Table continues on next page
18
Finance Additional Estimates Statements
Table 1.4: Additional Estimates and Variations to Outcomes from Other
Variations (continued)
Programme
impacted
2014-15
$'000
2015-16
$'000
2016-17
$'000
2017-18
$'000
Outcom e 3
Increase in estimates (administered)
Adjustment to Travel Allow ance for
Senators and Members
Royal Commission into the Home
Insulation Programme - update
3.1
66
79
79
79
3.1
1,250
-
-
-
Decrease in estimates (administered)
Economic Parameter Update
Net im pact on estim ates
for Outcom e 3 (adm inistered)
-
(240)
(487)
(493)
1,316
(161)
(408)
(414)
-
(67)
(68)
(103)
-
(67)
(68)
(103)
Decrease in estimates (departmental)
Economic Parameter Update
Net im pact on estim ates
for Outcom e 3 (departm ental)
Note: This table has been prepared on an appropriation basis. A positive amount indicates an increate to Finance’s
appropriations while a negative amount indicates a decrease to Finance’s appropriations.
19
Finance Additional Estimates Statements
1.5
Bill
Breakdown of Additional Estimates by Appropriation
The following tables detail the Additional Estimates sought for the Department of
Finance through Appropriation Bills Nos. 3 and 4.
Table 1.5: Appropriation Bill (No. 3) 2014-15
ADMINISTERED ITEMS
Outcom e 1
Informed decisions on Government
finances through: policy advice;
implementing framew orks; and
providing financial advice,
guidance and assurance
Outcom e 2
Effective Government policy advice,
administration and operations
through: oversight of Government
Business Enterprises;
Commonw ealth property management
and construction; risk management;
and providing ICT services.
Outcom e 3
Support for Parliamentarians, others
w ith entitlements and organisations
as approved by Government through
the delivery of entitlements and
targeted assistance.
Total
2013-14
Available
$'000
2014-15
Budget
$'000
2014-15 Additional Reduced
Revised Estimates Estimates
$'000
$'000
$'000
10,683
10,932
13,652
2,720
-
646
694
694
-
-
291,203
302,532
277,236
288,862
277,236
291,582
2,720
-
Table continues on next page
20
Finance Additional Estimates Statements
Table 1.5: Appropriation Bill (No. 3) 2014-15 (continued)
2013-14
Available
$'000
2014-15
Budget
$'000
2014-15 Additional Reduced
Revised Estimates Estimates
$'000
$'000
$'000
DEPARTMENTAL PROGRAMMES
Outcom e 1
Informed decisions on Government
finances through: policy advice;
implementing framew orks; and
providing financial advice,
guidance and assurance
112,662
107,822
107,790
Outcom e 2
Effective Government policy advice,
administration and operations
through: oversight of Government
Business Enterprises;
Commonw ealth property management
and construction; risk management;
and providing ICT services.
112,603
107,883
180,527
72,644
Outcom e 3
Support for Parliamentarians, others
w ith entitlements and organisations
as approved by Government through
the delivery of entitlements and
targeted assistance.
Total
37,250
262,515
35,655
251,360
35,655
323,972
72,612
-
Total adm inistered and
departm ental
565,047
540,222
615,554
75,332
-
(32)
-
Note: Outcome allocations for departmental Appropriation Bill 3 amounts are notional only. These amounts may
change in the course of the Budget year as Government priorities change.
Table 1.6: Appropriation Bill (No. 4) 2014-15
2013-14
Available
$'000
2014-15
Budget
$'000
2014-15 Additional
Reduced
Revised Estimates Estimates
$'000
$'000
$'000
Non-operating
Equity injections
Administered assets and liabilities
213,554
8,967
263,340
1,532
277,529
1,556
14,189
24
-
Total
222,521
264,872
279,085
14,213
-
21
Finance Additional Estimates Statements
Section 2: Revisions to Entity Resources and Planned
Performance
2.1
Resources and Performance Information
No changes have been made to Finance’s outcome structure since the
2014-15 PB Statements. Changes to programmes from Additional Estimates are
detailed on pages 23-35. Complete details of Finance’s outcomes and performance
information can be found in the 2014-15 PB Statements.
Outcome 1
Outcome 1 Strategy
No changes have been made to this Outcome Strategy since the 2014-15 PB Statements.
22
Finance Additional Estimates Statements
Table 2.1 Budgeted Expenses and Resources for Outcome 1
Outcom e 1: Inform ed decisions on Governm ent finances
through: policy advice; im plem enting fram ew orks; and
providing policy advice, guidance and assurance
Program m e 1.1: Budget, Financial Managem ent,
and Procurem ent Fram ew ork
Departmental expenses
Ordinary annual services (Appropriation Act No.1 & Bill No.3)
Budget Advice
Financial Reporting
Financial Framew ork
Deregulation and Regulatory Reform 1
Procurement Framew ork
Special accounts
Coordinated Procurement Contracting
Special Account 2
Expenses not requiring appropriation in the Budget year 3
Total for Program m e 1.1
Program m e 1.2: Public Sector Superannuation
Administered expenses
Ordinary annual services (Appropriation Act No.1 & Bill No.3)
Act of Grace nominal interests
Compensation and legal expenses
Superannuation administration costs
Special appropriations
Federal Circuit Court of Australia Act 1999
Governance of Australian
Government Superannuation
Schemes Act 2011
Governor-General Act 1974
Judges' Pensions Act 1968
Parliamentary Contributory Superannuation Act 1948
Parliamentary Superannuation Act 2004
Same-Sex Relationships (Equal Treatment in Commonwealth
Laws - Superannuation) Act 2008
Superannuation Act 1922
Superannuation Act 1976
Superannuation Act 1990
2013-14
Actual
Expenses
$'000
2014-15
Revised
estimated
expenses
$'000
52,495
24,075
20,767
3,093
9,703
48,862
26,407
27,335
10,261
120,524
11,395
120,297
5,325
242,052
238,487
611
202
9,830
3,308
500
9,845
758
729
582
4,471
88,500
56,161
5,302
1,400
893
84,100
51,629
5,220
56
36,211
3,116,776
4,678,369
50
32,106
3,060,701
5,394,180
Table continues on next page
23
Finance Additional Estimates Statements
Table 2.1.1: Budgeted Expenses and Resources for Outcome 1 (continued)
Outcom e 1: Inform ed decisions on Governm ent finances
through: policy advice; im plem enting fram ew orks; and
providing policy advice, guidance and assurance
Departmental expenses
Ordinary annual services (Appropriation Act No.1 & Bill No.3)
Public Sector Superannuation
Expenses not requiring appropriation in the Budget year 3
Total for Program m e 1.2
Program m e 1.3: Australian Governm ent Investm ent Funds
Administered expenses
Special accounts
DisabilityCare Australia Fund Special Account
Asset Recycling Fund Special Account
Medical Research Future Fund Special Account
Building Australia Fund Special Account
Education Investment Fund Special Account
Health and Hospitals Fund Special Account
Total for Program m e 1.3
Outcom e 1 Totals by appropriation type
Administered expenses
Ordinary annual services (Appropriation Act No.1 & Bill No.3)
Special appropriations (excluding special accounts)
Special accounts
Departmental expenses
Ordinary annual services (Appropriation Act No.1 & Bill No.3)
Expenses not requiring appropriation in the Budget year 3
Special accounts
Total expenses for Outcom e 1
Average Staffing Level (num ber)
2013-14
Actual
Expenses
$'000
2014-15
Revised
estimated
expenses
$'000
10,059
338
5,198
254
8,008,226
8,650,113
1,402,758
369,102
723,616
341
646,715
270
187,081
176,178
438,778
2,495,476
1,449,363
10,643
7,987,186
2,495,476
13,653
8,631,008
1,449,363
120,192
11,733
120,524
118,063
5,579
120,297
10,745,754
10,337,963
2013-14
716
2014-15
704
1.
This function was transferred to PM&C as part of the AAO issued on 18 September 2013.
2.
The Coordinated Procurement Contracting Special Account expenses include expenses for ICT-related
coordinated procurement activities. The policy for ICT coordinated procurement activities is provided under
Outcome 2.
3.
Expenses not requiring appropriation in the Budget year are made up of depreciation expenses and
amortisation expenses.
Note: Departmental appropriation splits and totals are indicative estimates and may change in the course of the
budget year as Government priorities change.
24
Finance Additional Estimates Statements
Contributions to Outcome 1
Programme 1.1: Budget, Financial Management and Procurement Framework
Programme 1.1 Objective
No changes have been
2014-15 PB Statements.
made
to
the
Programme
Objective
since
the
Programme 1.1 Expenses
2013-14
Actuals
$'000
Annual departmental expenses
Budget Advice
Financial Reporting
Financial Framew ork
Deregulation and Regulatory Reform 1
Procurement Framew ork
Special Account expenses
Coordinated Procurement Contracting
Special Account 2
Expenses not requiring appropriation in
the Budget year 3
Total program m e expenses
2014-15 2015-16 2016-17 2017-18
Revised Forw ard Forw ard Forw ard
budget
year 1
year 2
year 3
$'000
$'000
$'000
$'000
52,495
24,075
20,767
3,093
9,703
48,862
26,407
27,335
10,261
49,175
23,880
24,509
11,022
49,525
23,884
24,419
13,235
50,181
24,206
24,471
13,353
120,524
120,297
108,300
99,523
96,542
11,395
5,325
13,052
13,085
13,085
242,052
238,487
229,938
223,671
221,838
1.
This function was transferred to PM&C as part of the AAO issued on 18 September 2013.
2.
The Coordinated Procurement Contracting Special Account expenses include expenses for ICT-related
coordinated procurement activities. The policy for ICT coordinated procurement activities is provided under
Outcome 2.
3.
Expenses not requiring appropriation in the Budget year are made up of depreciation expenses and
amortisation expense.
Programme 1.1 Deliverables
No changes have been
2014-15 PB Statements.
made
to
the
Programme
Deliverables
since
the
Programme 1.1 Key Performance Indicators
No changes have been made to the Programme Key Performance Indicators since the
2014-15 PB Statements.
25
Finance Additional Estimates Statements
Programme 1.2: Public Sector Superannuation
Programme 1.2 Objective
No changes have been
2014-15 PB Statements.
made
to
the
Programme
Objective
since
the
Programme 1.2 Expenses
2013-14
Actuals
Annual administered expenses
Act of Grace nominal interests
Compensation and legal expenses
Superannuation administration costs
Special appropriations
Federal Circuit Court of Australia
Act 1999
Governance of Australian
Government Superannuation
Schemes Act 2011
Governor-General Act 1974
Judges' Pensions Act 1968
Parliamentary Contributory
Superannuation Act 1948
Parliamentary Superannuation
Act 2004
Same-Sex Relationships (Equal
Treatment in Commonwealth
Laws - Superannuation) Act 2008
Superannuation Act 1922
Superannuation Act 1976
Superannuation Act 1990
Annual departmental expenses
Public Sector Superannuation
Expenses not requiring appropriation
in the Budget year 1
$'000
2014-15
Revised
budget
$'000
2015-16
Forw ard
year 1
$'000
2016-17
Forw ard
year 2
$'000
2017-18
Forw ard
year 3
$'000
611
202
9,830
3,308
500
9,845
546
500
9,845
500
500
9,845
450
500
9,845
758
729
741
796
835
582
4,471
88,500
1,400
893
84,100
1,400
1,244
82,100
1,400
1,233
83,900
1,400
1,221
86,900
56,161
51,629
57,000
55,600
54,700
5,302
5,220
5,429
6,210
6,575
56
36,211
3,116,776
4,678,369
50
32,106
3,060,701
5,394,180
57
38,000
3,339,467
4,171,812
57
34,000
3,302,870
4,359,479
57
31,731
3,265,581
4,557,009
10,059
5,198
5,072
4,946
5,005
338
254
268
270
270
Total program m e expenses
8,008,226 8,650,113 7,713,481 7,861,606 8,022,079
1.
Expenses not requiring appropriation in the Budget year are made up of depreciation expenses and
amortisation expenses.
Programme 1.2 Deliverables
No changes have been made
2014-15 PB Statements.
to
the
Programme
Deliverables
since
the
Programme 1.2 Key Performance Indicators
No changes have been made to the Programme Key Performance Indicators since the
2014-15 PB Statements.
26
Finance Additional Estimates Statements
Programme 1.3: Australian Government Asset Funds
Programme 1.3 Objective
No changes have been
2014-15 PB Statements.
made
to
the
Programme
Objective
since
the
Programme 1.3 Expenses
2013-14
Actuals
Special account expenses
DisabilityCare Australia Fund
Special Account
Asset Recycling Fund
Special Account 1
Medical Research Future Fund
Special Account 1
Building Australia Fund
Special Account 2
Education Investment Fund
Special Account 2
Health and Hospitals Fund
Special Account 2
Total program m e expenses
$'000
2014-15
Revised
budget
$'000
2015-16
Forw ard
year 1
$'000
2016-17
Forw ard
year 2
$'000
2017-18
Forw ard
year 3
$'000
-
341
69,336
188,145
323,217
-
646,715
2,509,799
2,614,682
2,063,829
-
270
21,921
81,038
185,964
1,402,758
187,081
-
-
-
369,102
176,178
-
-
-
723,616
438,778
-
-
-
2,495,476
1,449,363
2,601,056
2,883,865
2,573,010
1.
The Asset Recycling Fund and the Medical Research Future Fund are subject to the passage of legislation.
2.
The Building Australia Fund, Education Investment Fund and Health and Hospitals Fund will be closed by
1 April 2015, subject to the passage of legislation.
Programme 1.3 Deliverables
No changes have been
2014-15 PB Statements.
made
to
the
Programme
Deliverables
since
the
Programme 1.3 Key Performance Indicators
No changes have been made to the Programme Key Performance Indicators since the
2014-15 PB Statements.
27
Finance Additional Estimates Statements
OUTCOME 2
Outcome 2 Strategy
No changes have been made to the Outcome Strategy since the 2014-15 PB Statements.
Table 2.1.2: Budgeted Expenses and Resources for Outcome 2
Outcom e 2: Effective Governm ent policy advice,
adm inistration and operations through: oversight
of Governm ent Business Enterprises; Com m onw ealth
property m anagem ent and construction; risk
m anagem ent; and providing ICT services.
Program m e 2.1: Governm ent Business
Administered expenses
Ordinary annual services (Appropriation Act No.1 & Bill No.3)
Grant in Aid - Australian Institute of Policy and Science
Grant in Aid - Chifley Research Centre
Grant in Aid - Green Institute
Grant in Aid - Menzies Research Centre
Grant in Aid - Page Research Centre
Grant in Aid - Royal Humane Society of Australasia
Grant in Aid - RSPCA Australia Inc
Special Appropriations
Medibank Private Sale Act (2006) (A) 1
Departmental expenses
Ordinary annual services (Appropriation Act No.1 & Bill No.3)
Government Business Enterprises Ow nerships and Divestment
Special Financial Claims
Australian Government Information Management Office
Whole of Government ICT
Digital Government
Special Appropriations
Medibank Private Sale Act 2006 (D)
Special accounts
Business Services Special Account
Expenses not requiring appropriation in the Budget year 2
Total for Program m e 2.1
2013-14
Actual
Expenses
$'000
2014-15
Revised
estimated
expenses
$'000
213
80
213
80
25
34
35
218
82
218
82
25
35
-
-
17,941
2,022
25,841
-
30,809
2,208
11,485
14,370
1,656
75,526
222
9,003
4,012
57,330
139,105
Table continues on next page
28
Finance Additional Estimates Statements
Table 2.1.2: Budgeted Expenses and Resources for Outcome 2 (continued)
Outcom e 2: Effective Governm ent policy advice,
adm inistration and operations through: oversight
of Governm ent Business Enterprises; Com m onw ealth
property m anagem ent and construction; risk
m anagem ent; and providing ICT services.
$'000
2014-15
Revised
estimated
expenses
$'000
-
9,325
124,325
-
14,195
99,171
124,325
122,691
156,920
116,853
156,920
116,853
645
-
695
-
45,804
1,656
281,467
9,003
68,197
75,526
230,219
4,012
Total Expenses for Outcom e 2
338,575
378,649
Average Staffing Level (num ber)
2013-14
345
2014-15
392
Program m e 2.2: Property and Construction
Departmental expenses
Ordinary annual services (Appropriation Act No.1 & Bill No.3)
Property and Construction
Special accounts
Property Special Account
Property Special Account 2014
Total for Program m e 2.2
Program m e 2.3: Insurance and Risk Managem ent
Departmental expenses
Special accounts
Comcover Special Account
Total for Program m e 2.3
Outcom e 2 totals by appropriation type:
Administered expenses
Ordinary annual services (Appropriation Act No.1 & Bill No.3)
Special appropriations (excluding special accounts)
Departmental expenses
Ordinary annual services (Appropriation Act No.1 & Bill No.3)
Special appropriations (excluding special accounts)
Special accounts
Expenses not requiring appropriation in the Budget year 2
2013-14
Actual
Expenses
(A) = Administered
(D) = Departmental
1.
Estimates of expenses for the Medibank Private Sale Act 2006 (A) are zero. Estimates of $3.3b in Table 1.1
relate to refund of oversubscription on the Medibank Private Sale.
2.
Expenses not requiring appropriation in the Budget year are made up of depreciation expenses and
amortisation expenses.
Note: Departmental appropriation splits and totals are indicative estimates and may change in the course of the
budget year as Government priorities change.
29
Finance Additional Estimates Statements
Contributions to Outcome 2
Programme 2.1: Government Business and ICT
Programme 2.1 Objective
No changes have been
2014-15 PB Statements.
made
to
the
Programme
Objective
since
the
Programme 2.1 Expenses
2013-14
Actuals
$'000
Annual administered expenses
Grant in Aid - Australian Institute of
Policy and Science
Grant in Aid - Chifley Research Centre
Grant in Aid - Green Institute
Grant in Aid - Menzies Research Centre
Grant in Aid - Page Research Centre
Grant in Aid - Royal Humane Society
of Australasia
Grant in Aid - RSPCA Australia Inc
Special Appropriations
Medibank Private Sale Act 2006 (A) 1
Annual departmental expenses
Government Business Enterprises
Ow nership and Divestment
Special Financial Claims
Australian Government Information
Management Office
Whole of Government ICT
Digital Government
Special Appropriations
Medibank Private Sale Act 2006 (D)
Special account expenses
Business Services Special Account
Expenses not requiring appropriation in
the Budget year 2
Total program m e expenses
2014-15 2015-16 2016-17 2017-18
Revised Forw ard Forw ard Forw ard
budget
year 1
year 2
year 3
$'000
$'000
$'000
$'000
213
80
213
80
35
218
82
218
82
35
223
84
223
84
36
228
86
228
86
37
233
88
233
88
25
34
25
35
26
35
26
36
27
37
-
-
-
-
-
17,941
2,022
30,809
2,208
12,097
2,221
4,957
2,236
5,016
2,266
25,841
-
11,485
14,370
11,052
14,440
11,119
14,566
11,229
14,735
1,656
75,526
-
-
-
222
-
-
-
-
9,003
4,012
3,788
3,739
3,739
57,330
139,105
44,308
37,343
37,728
(A) = Administered
(D) = Departmental
1.
Estimates of expenses for the Medibank Private Sale Act 2006 (A) are zero. Estimates of $3.3b in Table 1.1
relate to refund of oversubscription on the Medibank Private Sale.
2.
Expenses not requiring appropriation in the Budget year are made up of depreciation expenses and
amortisation expenses.
30
Finance Additional Estimates Statements
Programme 2.1 Deliverables
No changes have been made
2014-15 PB Statements.
to
the
Programme
Deliverables
since
the
Programme 2.1 Key Performance Indicators
No changes have been made to the Programme Key Performance Indicators since the
2014-15 PB Statements.
31
Finance Additional Estimates Statements
Programme 2.2: Property and Construction
Programme 2.2 Objective
No changes have been
2014-15 PB Statements.
made
to
the
Programme
Objective
since
the
Programme 2.2 Expenses
2013-14
Actuals
$'000
2014-15
Revised
budget
$'000
2015-16
Forw ard
year 1
$'000
2016-17
Forw ard
year 2
$'000
2017-18
Forw ard
year 3
$'000
Annual departmental expenses
Property and Construction
Special account expenses
Property Special Account
Property Special Account 2014
-
9,325
-
-
-
124,325
-
14,195
99,171
98,547
95,482
95,400
Total program m e expenses
124,325
122,691
98,547
95,482
95,400
Programme 2.2 Deliverables
No changes have been made
2014-15 PB Statements.
to
the
Programme
Deliverables
since
the
Programme 2.2 Key Performance Indicators
No changes have been made to the Programme Key Performance Indicators since the
2014-15 PB Statements.
32
Finance Additional Estimates Statements
Programme 2.3: Insurance and Risk Management
Programme 2.3 Objective
No changes have been
2014-15 PB Statements.
made
to
the
Programme
Objective
since
the
Programme 2.3 Expenses
2013-14
Actuals
$'000
2014-15 2015-16 2016-17 2017-18
Revised Forw ard Forw ard Forw ard
budget
year 1
year 2
year 3
$'000
$'000
$'000
$'000
Special account expenses
Comcover Special Account
156,920
116,853
121,979
125,743
129,177
Total program m e expenses
156,920
116,853
121,979
125,743
129,177
Programme 2.3 Deliverables
No changes have been
2014-15 PB Statements.
made
to
the
Programme
Deliverables
since
the
Programme 2.3 Key Performance Indicators
No changes have been made to the Programme Key Performance Indicators since the
2014-15 PB Statements.
33
Finance Additional Estimates Statements
Outcome 3
Outcome 3 Strategy
No changes have been made to this Outcome Strategy since the 2014-15 PB Statements.
Table 2.1.3: Budgeted Expenses and Resources for Outcome 3
Outcom e 3: Support for Parliam entarians, others w ith
entitlem ents and organisations as approved by
Governm ent through the delivery of entitlem ents and
targeted assistance.
$'000
2014-15
Revised
estimated
expenses
$'000
322,301
358
271,549
877
4,834
6,603
181,352
3,844
4,825
1,065
166,610
9,860
37,936
2,054
3,813
35,899
2,859
2,642
563,095
496,186
322,659
192,789
3,844
272,426
172,500
9,860
39,990
3,813
38,758
2,642
Total expenses for Outcom e 3
563,095
496,186
Average Staffing Level (num ber)
2013-14
262
2014-15
244
Program m e 3.1: Ministerial and Parliam entary Services
Administered expenses
Ordinary annual services (Appropriation Act No.1 & Bill No.3)
Electorate and ministerial support costs
Political Exchange Programme
Special appropriations (excluding special accounts)
Commonwealth of Australia Constitution Act (s.66)
Members of Parliament (Life Gold Pass) Act 2002
Parliamentary Entitlements Act 1990
Expenses not requiring appropriation in the Budget year 1
Departmental expenses
Ordinary annual services (Appropriation Act No.1 & Bill No.3)
Services to Senators, Members and their staff
Car-w ith-driver and associated transport services
Expenses not requiring appropriation in the Budget year 1
Total for Program m e 3.1
Outcom e 3 Totals by appropriation type
Administered expenses
Ordinary annual services (Appropriation Act No.1 & Bill No.3)
Special appropriations
Expenses not requiring appropriation in the Budget year 1
Departmental expenses
Ordinary annual services (Appropriation Act No.1 & Bill No.3)
Expenses not requiring appropriation in the Budget year 1
1.
2013-14
Actual
Expenses
Expenses not requiring appropriation in the Budget year are made up of depreciation expenses and
amortisation expenses.
Note: Departmental appropriation splits and totals are indicative estimates and may change in the course of the
budget year as Government priorities change.
34
Finance Additional Estimates Statements
Contributions to Outcome 3
Programme 3.1: Ministerial and Parliamentary Services
Programme 3.1 Objective
No changes have been
2014-15 PB Statements.
made
to
this
Programme
Objective
since
the
Programme 3.1 Expenses
2013-14
Actuals
$'000
Annual administered expenses
Electorate and ministerial support costs
Political Exchange Programme
Special appropriations (excluding special accounts)
Commonwealth of Australia Constitution
Act (s.66)
Members of Parliament (Life Gold Pass)
Act 2002
Parliamentary Entitlements Act 1990
Expenses not requiring appropriation in
the Budget year 1
Annual departmental expenses
Services to Senators, Members and
their staff
Car-w ith-driver and associated transport
services
Expenses not requiring appropriation in
the Budget year 1
2014-15 2015-16 2016-17 2017-18
Revised Forw ard Forw ard Forw ard
budget
year 1
year 2
year 3
$'000
$'000
$'000
$'000
322,301
358
271,549
877
272,454
891
275,793
907
277,050
924
4,834
4,825
4,825
4,825
4,825
6,603
181,352
1,065
166,610
1,122
168,073
1,174
175,920
1,069
174,058
3,844
9,860
9,647
9,649
9,647
37,936
35,899
36,094
36,346
36,820
2,054
2,859
2,875
2,895
2,934
3,813
2,642
2,716
2,730
2,730
Total program m e expenses
563,095 496,186 498,697 510,239 510,057
1.
Expenses not requiring appropriation in the Budget year are made up of depreciation expenses and
amortisation expenses.
Programme 3.1 Deliverables
No changes have been
2014-15 PB Statements.
made
to
the
Programme
Deliverables
since
the
Programme 3.1 Key Performance Indicators
No changes have been made to the Programme Key Performance Indicators since the
2014-15 PB Statements.
35
Finance Additional Estimates Statements
Section 3: Explanatory Tables and Budgeted Financial
Statements
3.1
Explanatory Tables
Estimates of Special Account Flows
Special Accounts provide a means to set aside and record amounts used for specified
purposes. Table 3.1.1 shows the expected additions (receipts) and reductions
(payments) for each account used by Finance. The corresponding table in the 2014-15
PB Statements is Table 3.1.2.
36
Finance Additional Estimates Statements
Table 3.1.1: Estimates of Special Account Flows and Balances
Opening
balance
2014-15
2013-14
$'000
Receipts
2014-15
2013-14
$'000
Payments
2014-15
2013-14
$'000
Adjustments
2014-15
2013-14
$'000
Closing
balance
2014-15
2013-14
$'000
1
-
2,851,650
-
(2,851,650)
-
-
-
1
-
12,985,874
-
(12,985,874)
-
-
-
1
-
1,977,437
-
(1,977,437)
-
-
-
Building Australia Fund 3
1
-
3,851,617
6,542,305
(3,851,617)
(6,542,305)
-
-
Education Investment Fund 3
1
-
3,954,837
4,009,648
(3,954,837)
(4,009,648)
-
-
Health and Hospitals Fund 3
1
-
2,255,937
3,847,769
(2,255,937)
(3,847,769)
-
-
N/A
-
-
-
-
-
-
4
(4)
-
-
2
687
896
12
(221)
-
687
687
2
360,673
288,826
109,454
160,572
(116,760)
(88,725)
-
353,367
360,673
48,378
36,044
117,456
134,523
(120,165)
(122,189)
-
45,669
48,378
Outcome
DisabilityCare Australia Fund
Asset Recycling Fund
1
2
Medical Research Future Fund
2
Services for Other Entities
and Trust Moneys 4
Business Services Special
Account
Comcover Special Account
5
Coordinated Procurement
Contracting Special Account
1
Property Special Account 6
2
280,386
221,568
131,121
244,193
(66,387)
(185,375)
(345,120)
-
280,386
Property Special Account 2014 6
2
-
105,446
-
(242,327)
-
345,120
-
208,239
-
690,124
28,340,829
(28,422,991)
-
607,962
Total Special Accounts
2014-15 Budget estimate
Total Special Accounts
2013-14 actual
547,334
14,939,026
(14,796,236)
690,124
1.
The DisabilityCare Australia Fund has been established for holding and investing the additional Medicare levy
proceeds for the purpose of making payments to reimburse the Commonwealth and the States and Territories
for costs incurred in relation to the National Disability Insurance Scheme. Its balances are estimated at zero.
More information on the DisabilityCare Australia Fund can be found in Table 3.1.1.1.
2.
3.
The Asset Recycling Fund and Medical Research Future Fund are subject to the passage of legislation. More
information on:
-
The Asset Recycling Fund can be found in Table 3.1.1.2; and
-
The Medical Research Fund can be found in Table 3.1.1.3.
The Nation Building Funds Special Accounts form part of the Nation Building Funds. More information on:
-
The Building Australia Fund can be found in Table 3.1.1.4;
-
The Education Investment Fund can be found in Table 3.1.1.5; and
-
The Health and Hospitals Fund can be found in Table 3.1.1.6.
4.
Represents monies held in trust for other persons and is therefore not included in Finance’s estimates.
Budget and forward estimates are not included as future transactions cannot be anticipated
5.
Interest Equivalency Payment for Comcover decreases from $10.1m (2013-14) to $9.1m (2014-15).
6.
The Property Special Account 2014 replaces the former Property Special Account 2000/15, which was
repealed on 17 October 2014.
The Lands Acquisition Account (Lands Acquisition Act 1989) has not been included in the table as it is not currently
active.
37
Finance Additional Estimates Statements
Table 3.1.1.1: DisabilityCare Australia Fund - Estimate of Fund Balances
Actual
2013-14
$'000
Revised
budget
2014-15
$'000
Forw ard
estimate
2015-16
$'000
Forw ard
estimate
2016-17
$'000
Forw ard
estimate
2017-18
$'000
Opening balance
-
-
2,175,716
5,317,757
7,340,952
Revenues and gains
Additional Medicare Levy - Equity
Investment earnings and gains
-
2,486,250
28,778
3,588,750
124,518
3,878,750
198,361
4,113,750
214,039
DisabilityCare Australia
Fund 1
Outcome
1
Expenses
Management fees
Transfers to reimburse
Accounts for project payments
DisabilityCare Australia expenditure
Commonw ealth - Equity
States and Territories
- Expense
-
(341)
(1,154)
-
(338,971)
(501,891)
(1,837)
(1,981)
2
-
-
(68,182)
(1,865,771) (4,402,863)
(186,308)
(321,236)
Closing balance
2,175,716 5,317,757
7,340,952
6,942,661
1.
The DCAF consists of the DCAF Special Account and investments of the DCAF. The investments are
managed by the Future Fund Board of Guardians. The special account is used to record all transactions
relating to the DCAF, including interest and Medicare levy proceeds received and payments.
2.
The transfers relate to the making of reimbursements to the Commonwealth and the States and Territories
relating to the operations of the National Disability Insurance Scheme.
38
Finance Additional Estimates Statements
Table 3.1.1.2: Asset Recycling Fund (ARF) - Estimates of Fund Balances
Asset Recycling Fund
1
Outcome
1
Estimated
actual
2013-14
$'000
Budget
estimate
2014-15
$'000
Forw ard
estimate
2015-16
$'000
Forw ard
estimate
2016-17
$'000
Forw ard
estimate
2017-18
$'000
- 11,700,249
Opening balance
-
Investment credits 2
Revenue and gains
Investment earnings and gains
- 12,268,918
Expenses
Management fees
Transfers to Portfolio Special
Accounts for project payments
ARF Infrastructure Portfolio
Special Account - Expense
COAG Reform Fund
Special Account - Expense
9,515,691
7,157,880
-
-
-
-
78,046
325,241
256,871
191,930
-
(3,215)
(11,299)
(8,882)
(6,629)
-
(3,800)
(350,000)
-
-
-
(639,700) (2,148,500) (2,605,800) (2,057,200)
Closing balance
- 11,700,249 9,515,691 7,157,880
5,285,981
1.
The ARF consists of the ARF Special Account and investments of the ARF. The investments will be managed
by the Future Fund Board of Guardians. The special account will be used to record all transactions relating to
the ARF, including interest received and payments.
2.
Credits consist of uncommitted amounts from the Building Australia Fund (BAF), Education Investment Fund
(EIF) and proceeds from the sale of Medibank Private to be transferred as at 1 April 2015. Further
contributions to the ARF will consist of proceeds from any future privatisations.
39
Finance Additional Estimates Statements
Table 3.1.1.3: Medical Research Future Fund (MRFF) - Estimates of Fund
Balances
Medical Research
Future Fund 1
Outcome
1
Opening balance
2
Investment credits
Revenue and gains
Investment earnings and gains
Expenses
Management fees
Transfers to Portfolio Special
Accounts for project payments
MRFF Health Portfolio
Special Account - Expense
Estimated
actual
2013-14
$'000
Budget
estimate
2014-15
$'000
Forw ard
estimate
2015-16
$'000
Forw ard
estimate
2016-17
$'000
Forw ard
estimate
2017-18
$'000
-
-
1,978,031
4,005,705
6,574,719
-
1,966,964
1,965,003
2,479,523
3,820,807
-
11,337
84,592
170,529
291,088
-
(270)
(2,012)
(4,056)
(6,637)
-
-
(19,909)
(76,982)
(179,327)
Closing balance
1,978,031 4,005,705 6,574,719 10,500,650
1.
The MRFF consists of the MRFF Special Account and investments of the MRFF. The investments will be
managed by the Future Fund Board of Guardians. The special account will be used to record all transactions
relating to the MRFF, including interest received and payments.
2.
Credits consist of uncommitted funds from the Health and Hospitals Fund (HHF) to be transferred as at
1 April 2015. Further contributions will arise from the net fiscal impact of heath function savings published in
the 2014-15 Budget and 2014-15 MYEFO until the capital value of the MRFF reaches $20 billion.
40
Finance Additional Estimates Statements
Table 3.1.1.4: Building Australia Fund (BAF) - Estimates of Fund Balances
Actual
Building Australia Fund
1
Outcome
1
Opening balance
Revenues and gains
Investment earnings and gains
Expenses
Management fees
Transfers to Portfolio Special
Accounts for project payments 2
BAF Infrastructure Portfolio
Special Account - Expense
Closure: Transfer to Consolidated
Revenue Fund - Equity 3
2013-14
$'000
Revised
budget
2014-15
$'000
Forw ard
estimate
2015-16
$'000
Forw ard
estimate
2016-17
$'000
Forw ard
estimate
2017-18
$'000
4,753,413
3,691,510
-
-
-
141,529
84,261
-
-
-
(4,442)
(2,401)
-
-
-
(1,198,990)
(184,680)
-
-
-
(3,588,690)
-
-
-
-
Closing balance
3,691,510
1.
The BAF consists of the BAF Special Account and investments of the BAF. The investments are managed by
the Future Fund Board of Guardians. The special account is used to record all transactions relating to the
BAF, including interest received and payments. The uncommitted funds of the BAF will be transferred to the
Asset Recycling Fund (ARF) on 1 April 2015. The BAF will continue to pay existing commitments until it is
abolished by 1 April 2015 through a repeal of the Nation-building Funds Act 2008. After that time,
commitments will continue to be paid from the Consolidated Revenue Fund and administered by the
Department of Infrastructure and Regional Development. The numbers in this table reflect part-year
transactions for the fund for the period from 1 July 2014 to 31 March 2015.
2.
The transfers relate to projects approved at the time of the Portfolio Additional Estimates. Amounts to be paid
to the States and Territories may be transferred, through the relevant BAF Portfolio Special Account, to the
COAG Reform Fund Special Account. Amounts also include payments classified as equity transfers in the
budgeted financial statements.
3.
The transfer to the Consolidated Revenue Fund includes the transfer of BAF uncommitted amounts to the
ARF.
41
-
Finance Additional Estimates Statements
Table 3.1.1.5: Education Investment Fund (EIF) - Estimate of Fund Balances
Actual
Outcome
Education Investm ent Fund 1
1
Opening balance
Revenues and gains
Investment earnings and gains
Expenses
Management fees
Transfers to Portfolio Special
Accounts for project payments 2
EIF Education Portfolio
Special Account - Expense
EIF Research Portfolio
Special Account - Expense
EIF Research Portfolio
Special Account - Equity
Closure: Transfer to Consolidated
Revenue Fund - Equity 3
2013-14
$'000
Revised
budget
2014-15
$'000
Forw ard
estimate
2015-16
$'000
Forw ard
estimate
2016-17
$'000
Forw ard
estimate
2017-18
$'000
3,918,143
3,796,756
-
-
-
124,787
84,110
-
-
-
(4,617)
(3,246)
-
-
-
(148,572)
(172,935)
-
-
-
-
-
-
(2,000)
-
-
-
(3,702,685)
-
-
-
(77,290)
(15,695)
-
-
Closing balance
3,796,756
The EIF consists of the EIF Special Account and investments of the EIF. The investments are managed by
the Future Fund Board of Guardians. The special account is used to record all transactions relating to the
EIF, including interest received and payments. The uncommitted funds of the EIF will be transferred to the
Asset Recycling Fund (ARF) on 1 April 2015. The EIF will continue to pay existing commitments until it is
abolished by 1 April 2015 through a repeal of the Nation-building Funds Act 2008. After that time,
commitments will continue to be paid from the Consolidated Revenue Fund and administered by the
Department of Education. The numbers in this table reflect part-year transactions for the fund for the period
from 1 July 2014 to 31 March 2015.
2.
The transfers relate to projects approved at the time of the Portfolio Additional Estimates. Amounts to be paid
to the States and Territories may be transferred, through the relevant EIF Portfolio Special Account, to the
COAG Reform Fund Special Account. Amounts also include payments classified as equity transfers in the
budgeted financial statements.
3.
The transfer to the Consolidated Revenue Fund includes the transfer of EIF uncommitted amounts to the
ARF.
1.
42
-
Finance Additional Estimates Statements
Table 3.1.1.6: Health and Hospitals Fund (HHF) - Estimate of Fund Balances
Actual
Health and Hospitals
Fund 1
Outcome
1
Opening balance
Revenues and gains
Investment earnings and gains
Expenses
Management fees
Transfers to Portfolio Special
Accounts for project payments
HHF Health Portfolio 2
Special Account - Expense
Closure: Transfer to Consolidated
Revenue Fund - Equity 3
2013-14
$'000
Revised
budget
2014-15
$'000
Forw ard
estimate
2015-16
$'000
Forw ard
estimate
2016-17
$'000
Forw ard
estimate
2017-18
$'000
2,715,586
2,169,531
-
-
-
81,648
46,075
-
-
-
(2,688)
(1,526)
-
-
-
(625,015)
(437,251)
-
-
-
(1,776,829)
-
-
-
-
Closing balance
2,169,531
1.
The HHF consists of the HHF Special Account and investments of the HHF. The investments are managed
by the Future Fund Board of Guardians. The special account is used to record all transactions relating to the
HHF, including interest received and payments. The uncommitted funds of the HHF will be transferred to the
Medical Research Future Fund (MRFF) on 1 April 2015. The HHF will continue to pay existing commitments
until it is abolished by 1 April 2015 through a repeal of the Nation-building Funds Act 2008. After that time,
commitments will continue to be paid from the Consolidated Revenue Fund and administered by the
Department of Health. The numbers in this table reflect part-year transactions for the fund for the period from
1 July 2014 to 31 April 2015.
2.
The transfers relate to projects approved at the time of the Portfolio Additional Estimates. Amounts to be paid
to the States and Territories may be transferred, through the HHF Portfolio Special Account, to the COAG
Reform Fund Special Account.
3.
The transfer to the Consolidated Revenue Fund includes the transfer of HHF uncommitted amounts to the
MRFF.
43
Finance Additional Estimates Statements
3.2
Budgeted Financial Statements
3.2.1
Analysis of Budgeted Financial Statements
Budgeted Statement of Comprehensive Income - Departmental
Finance is projecting for a $57.4 million surplus for 2014-15, up from the $22.3 million
surplus projected at budget. This is primarily due to additional funding received from
Government to cover the costs associated with property management between the
closure of the previous Property Special Account and the establishment of the new
Property Special Account 2014.
Budget Balance Sheet - Departmental
The budgeted equity position for 2014-15 of $2,212.3 million is $76.7 million higher
than the $2,135.6 million projected at budget. This is primarily due to the increased
budgeted surplus for 2014-15 as well as additional appropriations received to cover the
costs of property management.
Schedule of Administered Activity
Budgeted Schedule of Comprehensive Income - Administered
Estimated administered income for 2014-15 has increased by $5,603.6 million to
$7,674.3 million from the $2,070.7 million projected at budget. This is primarily due to
proceeds from the sale of Medibank Private Ltd.
Estimated administered expenses for 2014-15 have increased by $1,172.9 million to
$10,549.5 million from the $9,376.6 million reported at budget. This is primarily due to
revisions of superannuation estimates.
Budgeted Schedule of Assets and Liabilities - Administered
Administered assets are estimated to total $16,660.8 million by 30 June 2015, up from
the $14,191.1 million reported at budget. This increase is primarily due to proceeds
from the sale of Medibank Private Ltd.
Administered liabilities are estimated to total $103,977.7 million by 30 June 2015, up
from the $103,934.2 million reported at budget. This increase is due mainly to a
revision of superannuation estimates.
44
Finance Additional Estimates Statements
3.2.2
Budgeted Financial Statements
Departmental Financial Statements
Table 3.2.1: Budgeted Departmental Comprehensive Income Statement (Showing
Net Cost of Services) for the period ended 30 June
Actual
2013-14
$'000
Revised
budget
2014-15
$'000
Forw ard
estimate
2015-16
$'000
Forw ard
estimate
2016-17
$'000
Forw ard
estimate
2017-18
$'000
168,079
222,286
26,847
5,513
108,394
121,453
652,572
173,344
343,825
25,542
964
103,103
7,954
654,732
168,980
205,816
33,707
589
108,430
8,102
525,624
169,165
199,645
34,506
138
111,912
8,257
523,623
169,649
197,918
35,344
190
115,561
8,420
527,082
143,022
86,258
48,180
16,251
293,711
129,866
102,791
85,075
5,300
323,032
120,609
110,632
85,678
6,300
323,219
113,184
115,620
83,631
5,300
317,735
108,796
119,697
86,126
5,300
319,919
5,414
552
5,966
3,459
1,136
4,595
3,645
1,386
5,031
3,824
1,386
5,210
3,512
1,386
4,898
Total ow n-source incom e
299,677
327,627
328,250
322,945
324,817
Net cost of (Contribution by)
services
352,895
327,105
197,374
200,678
202,265
Revenue from Government
261,688
388,480
228,269
235,195
238,738
Surplus (Deficit) before incom e tax
(91,207)
61,375
30,895
34,517
36,473
EXPENSES
Employee benefits
Suppliers
Depreciation and amortisation
Net losses from asset sales 2
Insurance claims
Other expenses
Total expenses
1
LESS
OWN-SOURCE INCOME
Ow n-source revenue
Rendering of services
Insurance premiums
Rental income
Other revenue
Total ow n-source revenue
Gains
Gains on valuation of investment property
Other gains 3
Total gains
Income tax expense
3,994
3,994
3,994
3,994
Surplus (Deficit) after incom e tax
(97,063)
5,856
57,381
26,901
30,523
32,479
Total com prehensive incom e (loss)
attributable to the Australian
Governm ent
(97,063)
57,381
26,901
30,523
32,479
Table continues on next page
45
Finance Additional Estimates Statements
Note: Impact of Net Cash Appropriation Arrangements
2013-14
$'000
Total Com prehensive Incom e
(loss) including depreciation/
am ortisation expenses
previously funded through
revenue appropriations.
less depreciation/amortisation expenses
previously funded through revenue
appropriations 1
Total com prehensive incom e
(loss) - as per the Statem ent of
Com prehensive Incom e
Prepared on Australian Accounting Standards basis.
2014-15
$'000
(81,351)
69,614
15,712
12,233
(97,063)
57,381
2015-16
$'000
46,725
19,824
26,901
2016-17
$'000
50,347
19,824
30,523
2017-18
$'000
52,303
19,824
32,479
1.
Depreciation and amortisation expenses highlighted under “Expenses” represents total depreciation and
amortisation expenses for Finance. The “non-appropriated” depreciation and amortisation figure at the bottom
of this table is net of depreciation expenses associated with Finance’s property portfolio and wholly contained
within the Property Special Account.
2.
Represents the net gain/loss from the Australian Government’s non-Defence property divestment programme
within Australia.
46
Finance Additional Estimates Statements
Table 3.2.2: Budgeted Departmental Balance Sheet as at 30 June
Actual
2013-14
$'000
Revised
budget
2014-15
$'000
Forw ard
estimate
2015-16
$'000
Forw ard
estimate
2016-17
$'000
Forw ard
estimate
2017-18
$'000
ASSETS
Financial assets
Cash and cash equivalents 1
Trade and other receivables 2
Other financial assets
Total financial assets
9,300
872,878
8,448
890,626
5,000
776,472
8,448
789,920
5,000
741,766
8,448
755,214
5,000
755,054
8,448
768,502
5,000
784,107
8,448
797,555
Non-financial assets
Land and buildings 3
Property, plant and equipment
Investment property 3
Intangibles
Other non-financial assets
Total non-financial assets
1,020,069
12,356
649,096
63,020
10,891
1,755,432
1,202,498
25,546
670,473
81,119
10,891
1,990,527
1,051,246
35,299
674,447
86,031
10,891
1,857,914
1,074,622
42,462
678,271
87,027
10,891
1,893,273
1,062,714
42,757
681,783
88,195
10,891
1,886,340
Total assets
2,646,058
2,780,447
2,613,128
2,661,775
2,683,895
LIABILITIES
Payables
Suppliers
Unearned revenue
Return of equity
Other payables
Total payables
82,253
88,801
95,349
101,897
108,445
10,359
71,870
164,482
10,359
72,637
171,797
10,359
73,404
179,112
10,359
74,171
186,427
10,359
74,938
193,742
Provisions
Employee provisions
Outstanding insurance claims
Other provisions
Total provisions
58,796
329,423
7,588
395,807
61,228
312,040
23,088
396,356
63,660
312,040
11,088
386,788
66,092
312,040
7,588
385,720
68,524
312,040
7,588
388,152
Total liabilities
Net assets
560,289
568,153
565,900
572,147
581,894
2,085,769
2,212,294
2,047,228
2,089,628
2,102,001
Table continues on next page
47
Finance Additional Estimates Statements
Table 3.2.2: Budgeted Departmental Balance Sheet as at 30 June (continued)
Estimated
actual
2013-14
$'000
Budget
estimate
2014-15
$'000
Forw ard
estimate
2015-16
$'000
Forw ard
estimate
2016-17
$'000
Forw ard
estimate
2017-18
$'000
EQUITY 4
Contributed equity
1,767,460
Reserves
135,684
Retained surplus
182,625
Total equity
2,085,769
Prepared on Australian Accounting Standards basis.
1,835,677
135,684
240,933
2,212,294
1,643,710
135,684
267,834
2,047,228
1,655,587
135,684
298,357
2,089,628
1,635,481
135,684
330,836
2,102,001
1.
The departmental cash balance is maintained at $5m. Cash in excess of this balance is returned to the
Official Public Account, recorded as a receivable, and drawn down as required.
2.
Primarily represents appropriations receivable (including capital appropriation) and the special accounts.
3.
Represents properties in the Australian Government’s non-Defence property portfolio.
4.
‘Equity’ is the residual interest in assets after deduction of liabilities.
48
Finance Additional Estimates Statements
Table 3.2.3: Departmental Statement of Changes in Equity — Summary of
Movement (Budget Year 2014-15)
Retained
Asset Contributed
earnings revaluation
equity/
reserve
capital
$'000
$'000
$'000
Opening balance as at 1 July 2014
Balance carried forw ard from
previous period
Other adjustments
Adjusted opening balance
Total
equity
$'000
182,625
927
183,552
135,684
135,684
1,767,460
1,767,460
2,085,769
927
2,086,696
Com prehensive incom e
Surplus (Deficit) for the period
57,381
-
-
57,381
Total com prehensive incom e
57,381
-
-
57,381
-
-
(30,378)
(30,378)
-
-
277,529
11,049
(189,983)
68,217
277,529
11,049
(189,983)
68,217
240,933
135,684
Transactions w ith ow ners
Distributions to ow ners
Returns of capital:
Returns of contributed equity
Contributions by ow ners
Equity injection - appropriation 1
Departmental Capital Budget (DCB)
Restructuring 2
Sub-total transactions w ith ow ners
Closing balance
as at 30 June 2015
Prepared on Australian Accounting Standards basis.
1.
2.
Equity injections for construction and IT projects.
Represents transfer of assets from / to other Australian Government entities.
49
1,835,677
2,212,294
Finance Additional Estimates Statements
Table 3.2.4: Budgeted Departmental Statement of Cash Flows as at 30 June
Actual
2013-14
$'000
Revised
budget
2014-15
$'000
Forw ard
estimate
2015-16
$'000
Forw ard
estimate
2016-17
$'000
Forw ard
estimate
2017-18
$'000
OPERATING ACTIVITIES
Cash received
Rendering of services
Appropriations
Insurance premiums
Net transfers from OPA
Other
Total cash received
212,364
236,743
86,258
71,413
606,778
130,138
388,480
102,791
452,028
85,075
1,158,512
120,881
228,269
110,632
193,285
85,678
738,745
113,456
235,195
115,620
67,125
83,631
615,027
109,068
238,738
119,697
24,983
86,126
578,612
Cash used
Employees
Suppliers
Insurance claims
Net transfers to OPA
Other
Total cash used
168,157
229,908
72,341
88,159
327
558,892
170,912
321,777
103,103
370,481
11,948
978,221
166,548
211,268
108,430
162,459
12,096
660,801
166,733
196,597
111,912
74,455
12,251
561,948
167,217
191,370
115,561
47,131
12,414
533,693
47,886
180,291
77,944
53,079
44,919
-
4,618
4,618
11,470
11,470
1,085
1,085
85
85
231,633
390,592
158,471
39,146
3,700
949
7,505
34,677
274,764
25,014
18,504
17,918
452,028
21,578
12,907
329
193,285
18,988
8,991
67,125
12,120
9,163
24,983
(274,764)
(447,410)
Net cash from (used by)
operating activities
INVESTING ACTIVITIES
Cash received
Proceeds from sales of assets
Total cash received
Cash used
Purchase of land and buildings
Purchase of property, plant
and equipment
Purchase of intangibles
Purchase of investment properties
Total cash used
Net cash from (used by)
investing activities
50
(181,815)
(66,040)
(24,898)
Table continues on next page
Finance Additional Estimates Statements
Table 3.2.4: Budgeted Departmental Statement of Cash Flows as at 30 June
(continued)
Actual
FINANCING ACTIVITIES
Cash received
Contributed equity
Other
Total cash received
Cash used
Capital repayments
Other
Total cash used
Net cash from (used by)
financing activities
Net increase (decrease)
in cash held
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the
end of the reporting period
Prepared on Australian Accounting Standards basis.
2013-14
$'000
Revised
budget
2014-15
$'000
Forw ard
estimate
2015-16
$'000
Forw ard
estimate
2016-17
$'000
Forw ard
estimate
2017-18
$'000
267,789
267,789
288,579
345,120
633,699
138,852
138,852
47,942
47,942
14,960
14,960
34,895
34,895
25,760
345,120
370,880
34,981
34,981
34,981
34,981
34,981
34,981
232,894
262,819
103,871
12,961
(20,021)
-
-
-
6,016
(4,300)
3,284
9,300
5,000
5,000
5,000
9,300
5,000
5,000
5,000
5,000
51
Finance Additional Estimates Statements
Table 3.2.5: Capital Budget Statement — Departmental
for the period ended 30 June
Actual
2013-14
$'000
Revised
budget
2014-15
$'000
Forw ard
estimate
2015-16
$'000
Forw ard
estimate
2016-17
$'000
Forw ard
estimate
2017-18
$'000
New capital appropriations
Departmental capital budget (DCB) - Act 1
Equity injections - Act 2
Total new capital appropriations
10,921
317,988
328,909
11,050
277,529
288,579
10,936
127,916
138,852
10,950
36,992
47,942
11,160
3,800
14,960
Provided for
Purchase of non-financial assets
Total
328,909
328,909
288,579
288,579
138,852
138,852
47,942
47,942
14,960
14,960
8,702
299,344
11,050
417,042
10,935
165,252
10,950
39,246
11,160
3,800
6,390
314,436
23,938
452,030
17,097
193,284
16,929
67,125
10,024
24,984
314,436
452,030
193,284
67,125
24,984
314,436
452,030
193,284
67,125
24,984
Purchase of non-financial assets
Funded by DCB - Act 1
Funded by equity injections - Act 2
Funded internally from
departmental resources 1
Total purchase of non-financial assets
Reconciliation of cash used to acquire
assets to asset m ovem ent table
Total asset additions
Total cash used to
acquire assets
1.
Includes the following sources of funding:
-
current and prior year annual appropriations; and
-
funds held in special accounts
52
Finance Additional Estimates Statements
Table 3.2.6: Statement of Asset Movements (2014-15)
Asset Category
As at 1 July 2013
Gross book value
Accumulated depreciation /
amortisation and impairment
Opening net book balance
Land
Buildings
$'000
336,333
-
Investment
property
Computer
software and
intangibles
Total
$'000
Other
infrastructure,
plant and
equipment
$'000
$'000
$'000
$'000
686,024
16,584
649,096
112,228
1,800,265
(2,288)
(4,228)
-
(49,208)
(55,724)
336,333
683,736
12,356
649,096
63,020
1,744,541
-
-
19,832
-
4,105
23,937
-
-
1,977
-
9,073
11,050
-
390,592
3,206
17,918
5,326
417,042
Total additions
-
390,592
25,014
17,918
18,504
452,029
Other movements
Assets transferred in (out)
Depreciation/amortisation expense
Disposals 3
Gains
-
(189,983)
(13,312)
(4,868)
-
(11,825)
-
3,459
(405)
-
(189,983)
(25,542)
(4,868)
3,459
Total other movements
-
(208,163)
(11,825)
3,459
(405)
(216,934)
336,333
881,765
41,598
670,473
130,732
2,060,902
(15,600)
(16,053)
-
CAP ITAL ASSET ADDITIONS
Estimated expenditure on
new or replacement assets
By purchase/construction
- appropriation equity 1
By purchase/construction
- appropriation ordinary annual
2
services
By purchase/construction
- internally funded
As at 30 June 2014
Gross book value
Accumulated depreciation /
amortisation and impairment
-
Closing net book value
336,333
866,165
Prepared on Australian Accounting Standards basis.
25,545
670,473
(49,613)
81,119
(81,266)
1,979,636
1.
Appropriation equity refers to equity injections provided through Appropriation Act (No.2) 2014-15 and
Appropriation Bill (No. 4) 2014-15.
2.
Appropriation ordinary annual services refers to funding provided through Appropriation Act (No.1) 2014-15
for Departmental Capital Budget and other operational expenses.
3.
Net proceeds may be returned to the Official Public Account.
53
Finance Additional Estimates Statements
Schedule of Administered Activity
Table 3.2.7: Schedule of Budgeted Income and Expenses Administered on
Behalf of Government for the period ended 30 June
2013-14
$'000
Revised
budget
2014-15
$'000
Forw ard
estimate
2015-16
$'000
Forw ard
estimate
2016-17
$'000
Forw ard
estimate
2017-18
$'000
307,450
215,302
7,981,257
237,298
215,431
8,629,560
224,924
233,401
7,695,795
227,396
242,495
7,844,088
228,645
241,023
8,004,553
2,049,866
644
21,504
1,438,366
2,894
20,698
2,586,591
2,911
20,689
2,869,089
2,927
20,691
2,557,763
2,944
20,691
165,692
271,528
2
5,257
106
2,503
106
2,457
106
2,407
11,013,243
10,549,506
10,766,920
11,209,249
11,058,132
16,457
484,603
1,457,615
4,440
1,963,115
4,688
571,685
1,442,228
21,843
2,040,444
4,688
524,484
1,395,682
20,845
1,945,699
4,688
606,100
1,342,505
19,833
1,973,126
4,688
669,576
1,294,374
19,559
1,988,197
1,963,115
2,040,444
1,988,197
1,973,126
1,945,699
Table continues on next page
Actual
EXPENSES ADMINISTERED ON
BEHALF OF GOVERNMENT
Employee benefits
Suppliers
Superannuation 1
Distributions from the
Investment Funds 2
Grants
Depreciation and amortisation
Write-dow n and impairment
of assets
Other expenses
Total expenses adm inistered
on behalf of Governm ent
LESS:
INCOME
Revenue
Non-taxation revenue
Rendering of services
Interest and dividends 3
Superannuation contributions
Other revenue
Total non-taxation revenue
Total revenue adm inistered
on behalf of Governm ent
4
54
Finance Additional Estimates Statements
Table 3.2.7: Schedule of Budgeted Income and Expenses Administered on
Behalf of Government for the period ended 30 June (continued)
Actual
2013-14
$'000
Revised
budget
2014-15
$'000
Forw ard
estimate
2015-16
$'000
Forw ard
estimate
2016-17
$'000
Forw ard
estimate
2017-18
$'000
290,867
206,202
5,633,828
57,433
66,574
73,703
497,069
5,633,828
57,433
66,574
73,703
Total incom e
2,460,184
7,674,272
2,003,132
2,039,700
2,061,900
Net cost of (contribution by)
services
8,553,059
2,875,234
8,763,788
9,169,549
8,996,232
(2,875,234)
(8,763,788)
(9,169,549)
(8,996,232)
Gains
Gains on sale of investments
Other gains 5
Total gains adm inistered
on behalf of Governm ent
Total com prehensive
incom e (loss)
(8,553,059)
Prepared on Australian Accounting Standards basis.
1.
The 2013-14 Actual was calculated using the discount rate based on the long-term Government bond rate as
at the end of the financial year in accordance with accounting standards. The 2014-15 estimate is based on
the discount rate as at 1 July 2014 as per Accounting Standards. The forward year estimates are calculated
using the discount rate applied in preparing the Long Term Cost Reports.
2.
Expenses incurred from the Investment Funds represent estimates of expenses to be transferred from the
Funds. This item includes expenses, but not equity payments.
3.
Estimates of interest include interest earnings for the Australian Government Investment Funds. For more
detail on the earnings for each fund refer to Tables 3.1.1.1, 3.1.1.2, 3.1.1.3, 3.1.1.4, 3.1.1.5 and 3.1.1.6.
Dividend revenue represents revenue from Commonwealth companies which are treated as administered
assets of the department.
4.
Principally CSS and PSS employer contributions.
5.
Other gains for 2014-15 primarily represents proceeds from sale of Medibank Private Ltd.
55
Finance Additional Estimates Statements
Table 3.2.8: Schedule of Budgeted Assets and Liabilities Administered on Behalf
of Government as at 30 June
Actual
Forward
estimate
2015-16
$'000
Forward
estimate
Forward
estimate
2013-14
$'000
Revised
budget
2014-15
$'000
2016-17
$'000
2017-18
$'000
4,920
183,124
162,883
157,030
150,820
144,189
14,255,610
55,681
14,499,335
16,348,432
47,962
16,559,277
19,332,340
47,962
19,537,332
21,566,739
47,962
21,765,521
23,221,008
47,962
23,413,159
99,518
2,491
3,615
105,624
95,402
2,491
3,615
101,508
90,546
2,491
3,615
96,652
85,605
2,491
3,615
91,711
80,753
2,491
3,615
86,859
ASSETS
Financial assets
Cash and cash equivalents 1
Trade and other receivables
Investments 2
Other financial assets
Total financial assets
Non-financial assets
Property, plant and equipment
Intangibles
Other non-financial assets
Total non-financial assets
Total assets administered
on behalf of Government
LIABILITIES
P ayables
Suppliers
3
Other payables
Total payables
14,604,959
16,660,785
19,633,984
21,857,232
23,500,018
96,462
11,403
11,403
11,403
11,403
15,900
112,362
15,900
27,303
15,900
27,303
15,900
27,303
15,900
27,303
P rovisions
Employees
4
234,396
234,396
234,396
234,396
234,396
Superannuation
Other provisions
Total provisions
138,661,191
18,240
138,913,827
103,699,911
16,110
103,950,417
107,021,519
15,368
107,271,283
110,316,036
14,549
110,564,981
113,596,262
13,448
113,844,106
Total liabilities administered
on behalf of Government
139,026,189
103,977,720
107,298,586
110,592,284
113,871,409
(87,316,935)
(87,664,602)
(88,735,052)
(90,371,391)
5
Net assets (liabilities)
(124,421,230)
Prepared on Australian Accounting Standards basis.
1.
The 2013-14 figure for cash and cash equivalents excludes cash held in the Official Public Account as this is
not included as part of our estimates.
2.
Represents investments in the Australian Government Investment Funds. Also represented are investments
in Commonwealth companies that are 100% owned by the Australian Government and assets of former
superannuation schemes administered by the Australian Government.
3.
The 2013-14 figure for other payables does not include overnight cash balance payable, as this is not
included as part of Finance’s estimates.
4.
Represents Life Gold Pass Holders liabilities, severance traveller liabilities, employee provisions for staff
employed under the MOP(S) Act, and former Prime Ministers’ entitlements.
5.
Represents the unfunded liabilities for the Australian Government’s civilian superannuation schemes. The
superannuation liabilities estimates are based on the Long Term Cost Report.
56
Finance Additional Estimates Statements
Table 3.2.9: Schedule of Budgeted Administered Cash Flows
for the period ended 30 June
Actual
2013-14
$'000
Revised
Forward
Forward
Forward
budget
estimate
estimate
estimate
2014-15
$'000
2015-16
$'000
2016-17
$'000
2017-18
$'000
OP ERATING ACTIVITIES
Cash received
Rendering of services
Interest and dividends
1
Superannuation contributions
- employers
13,551
4,688
4,688
4,688
4,688
593,846
566,204
519,037
600,709
664,263
1,458,182
1,438,374
1,440,709
1,338,921
1,290,921
1,836,607
1,724,959
1,851,887
1,992,448
2,263,053
393,329
16,843
15,845
14,833
14,559
4,295,515
3,751,067
3,832,166
3,951,599
4,237,484
2
Superannuation funds
contributions
3
Other
Total cash received
Cash used
Employees 4
258,751
237,285
224,863
227,334
228,583
Suppliers
219,523
221,162
236,372
245,497
244,254
2,049,866
1,438,366
2,586,591
2,869,089
2,557,763
644
2,894
2,911
2,927
2,944
5,580,524
5,771,111
6,021,024
6,297,981
6,791,895
Distributions from the
Investment Funds
5
Grants
Superannuation
6
Other
Total cash used
272,056
5,155
2,503
2,457
2,407
8,381,364
7,675,973
9,074,264
9,645,285
9,827,846
(4,085,849)
(3,924,906)
(5,242,098)
(5,693,686)
(5,590,362)
-
-
-
-
-
14,311,181
10,858,541
3,102,946
4,749,635
6,975,873
-
5,678,699
-
-
-
14,046
11,728
12,550
11,601
13,415
14,325,227
3,251,656
19,800,624
3,115,496
4,761,236
6,989,288
Net cash from (used by)
operating activities
INVESTING ACTIVITIES
Cash received
Proceeds from sale of
property, plant and equipment
Proceeds from sales of
investments
7
Proceeds from asset sales program 8
Repayments of loans
8
Other
Total cash received
Cash used
Purchase of property, plant
and equipment
6,439
4,420
4,314
4,306
4,332
Purchase of buildings
4,077
12,162
11,719
11,644
11,707
Purchase of intangibles
Purchase of investments 7
Other 8
Total cash used
11
-
-
-
-
12,451,879
17,018,809
6,034,669
6,921,458
8,561,908
-
3,251,656
-
-
-
12,462,406
20,287,047
6,050,702
6,937,408
8,577,947
Net cash from (used by)
investing activities
1,862,821
57
(486,423)
(2,935,206)
(2,176,172)
(1,588,659)
Table continues on next page
Finance Additional Estimates Statements
Table 3.2.9: Schedule of Budgeted Administered Cash Flows
for the period ended 30 June (continued)
Actual
2013-14
$'000
Revised
budget
2014-15
$'000
Forward
estimate
2015-16
$'000
Forward
estimate
2016-17
$'000
Forward
estimate
2017-18
$'000
1,839,869
1,839,869
16,722,132
1,740,621
18,462,753
5,553,753
1,863,849
7,417,602
6,358,273
2,004,414
8,362,687
7,934,557
2,275,287
10,209,844
15,693
15,693
9,409,176
9,409,176
501,891
501,891
1,865,771
1,865,771
4,402,863
4,402,863
1,824,176
9,053,577
6,915,711
6,496,916
5,806,981
(398,852)
4,642,248
(1,261,593)
(1,372,942)
(1,372,040)
beginning of reporting period
12,149
Cash from Official Public Account
for Appropriations
4,219,167
Cash to Official Public Account
for Appropriations
(3,827,544)
Cash and cash equivalents at the
end of the reporting period
4,920
Prepared on Australian Accounting Standards basis.
4,920
-
-
-
7,754,226
4,625,393
4,772,957
4,995,588
(12,401,394)
(3,363,800)
(3,400,015)
(3,623,548)
FINANCING ACTIVITIES
Cash received
Contributions to the
Investment Funds
Appropriations - contributed equity
Total cash received
Cash used
Expenses paid from
the Investment Funds 5
Total cash used
Net cash from (used by)
financing activities
Net increase (decrease) in
cash held
Cash and cash equivalents at
8
-
-
-
1.
Estimates of interest include interest earnings for the Australian Government Investment Funds. For more
detail on the interest estimates for each fund refer to tables 3.1.1.1, 3.1.1.2, 3.1.1.3, 3.1.1.4, 3.1.1.5 and
3.1.1.6.
2.
Primarily represents CSS and PSS employer contributions.
3.
Primarily represents offsets from the CSS and PSS funds and return of overpaid benefits.
4.
Represents expenditure on staff employed under the MOP(S) Act.
5.
Distributions from the Investment Funds represents estimates of cash payments from the Funds to other
entities and the Consolidated Revenue Fund.
6.
Represents expenditure associated with unfunded liabilities for the Australian Government’s civilian
superannuation schemes.
7.
The 2013-14 figure relates to turnover of investments held relating to the Australian Government Investment
Funds. Estimates from 2014-15 onwards do not include an estimate of the turnover as this is not possible to
estimate.
8.
The 2013-14 figures for cash at the beginning and end of the reporting period excludes cash held in the
Official Public Account as this is not included as part of our estimates.
58
-
Finance Additional Estimates Statements
Table 3.2.10: Schedule of Administered Capital Budget
for the period ended 30 June
Actual
New capital appropriations
Administered Capital Budget (ACB) - Act 1
Administered Assets and
Liabilities - Act 2 2
Special capital appropriation 3
Total new capital appropriations
Provided for
Purchase of non-financial assets
Other
Total
2013-14
$'000
Revised
budget
2014-15
$'000
Forw ard
estimate
2015-16
$'000
Forw ard
estimate
2016-17
$'000
Forw ard
estimate
2017-18
$'000
7,890
4,810
4,842
4,944
5,033
8,967
1,643,914
1,660,771
1,556
1,720,499
1,726,865
1,606
1,847,074
1,853,522
1,684
1,987,643
1,994,271
1,853
2,258,258
2,265,144
16,203
1,644,568
1,660,771
5,673
1,721,192
1,726,865
5,705
1,847,817
1,853,522
5,807
1,988,464
1,994,271
5,896
2,259,248
2,265,144
4,307
4,810
4,842
4,944
5,033
674
6,128
11,109
863
10,909
16,582
863
10,328
16,033
863
10,143
15,950
863
10,143
16,039
1
Purchase of non-financial assets
Funded by ACB - Act 1
Funded by Administered Assets and
Liabilities - Act 2
Funded by special appropriations
Total purchase of non-financial assets
Reconciliation of cash used to acquire
assets to asset m ovem ent table
Total assets additions
11,109
16,580
16,034
15,948
Total cash used to
acquire assets
11,109
16,582
16,033
15,950
1.
The ACB is used to fund the replacement of assets purchased through Administered Act 1 appropriations.
2.
Administered Assets and Liabilities includes a capital injection for Acts of Grace liabilities and an injection for
capital works on ICON, which is offset through entity contributions that are returned to the budget.
3.
Represents appropriation to pay unfunded component of superannuation benefits under the PSS and CSS.
59
16,038
16,039
Finance Additional Estimates Statements
Table 3.2.11: Statement of Administered Asset Movements (2014-15)
Buildings
$'000
As at 1 July 2013
Gross book value
Accumulated depreciation/amortisation
and impairment
Opening net book balance
CAPITAL ASSET ADDITIONS
Estim ated expenditure on
new or replacem ent assets
By purchase - appropriation equity
By purchase - appropriation ordinary
annual services
By purchase - special appropriations
Total additions
Other m ovem ents
Depreciation/amortisation expense
Disposals
Total other m ovem ents
Asset Category
Other Intangibles
property,
plant and
equipment
$'000
$'000
A
Total
$'000
43,129
75,400
3,153
121,682
(16,423)
26,706
(2,588)
72,812
(662)
2,491
(19,673)
102,009
-
863
-
863
3,424
8,738
12,162
1,386
2,171
4,420
-
4,810
10,909
16,582
(12,142)
(12,142)
(8,556)
(8,556)
-
(20,698)
(20,698)
As at 30 June 2014
Gross book value
55,291
Accumulated depreciation/amortisation
and impairment
(28,565)
Closing net book balance
26,726
Prepared on Australian Accounting Standards basis.
60
79,820
3,153
138,264
(11,144)
68,676
(662)
2,491
(40,371)
97,893
AUSTRALIAN ELECTORAL COMMISSION
Section 1: Entity Overview and Resources .............................................................. 63
1.1
Strategic Direction .......................................................................................... 63
1.2
Entity Resource Statement ............................................................................. 63
1.3
Australian Electoral Commission Measures Table ......................................... 66
1.4
Additional Estimates and Variations ............................................................... 66
1.5
Breakdown of Additional Estimates by Appropriation Bill ............................... 67
Section 2: Revisions to Entity Resources and Planned Performance .................. 68
2.1
Resources and Performance Information ....................................................... 68
Section 3: Explanatory Tables and Budgeted Financial Statements ..................... 71
3.1
Explanatory Tables ......................................................................................... 71
3.2
Budgeted Financial Statements ...................................................................... 72
61
AUSTRALIAN ELECTORAL COMMISSION
Section 1: Entity Overview and Resources
1.1
Strategic Direction
No changes have occurred that impact on the AEC’s Strategic Direction since the issue
of the 2014-15 PB Statements.
1.2
Entity Resource Statement
The Entity Resource Statement details the resourcing for the AEC at Additional
Estimates. Table 1.1 outlines the total resourcing available from all sources for the
2014-15 Budget year, including variations through Appropriation Bills Nos. 3 and 4,
Special Appropriations and Special Accounts.
63
AEC Additional Estimates Statements
Table 1.1: Australian Electoral Commission Resource Statement - Additional
Estimates for 2014-15 as at Additional Estimates February 2015
Ordinary annual services 1
Departm ental appropriation
Prior year departmental appropriation
Departmental appropriation 3
s74 retained revenue receipts 4
Total
Total ordinary annual services
Total
available
appropriation
Estimate as
at Budget
2013-14
$'000
2014-15
$'000
2
13,113
275,365
19,542
308,020
109,546
16,613
126,159
2,282
(1,092)
1,190
A
308,020
126,159
1,190
111,828
15,521
127,349127,349
1,254
3,992
5,246
-
-
--
5,246
-
-
--
313,266
126,159
1,190
127,349-
60,984
9,000
69,984
9,000
9,000
-
9,000
9,000-
383,250
135,159
1,190
136,349
Other services 5
Departm ental non-operating
Prior year equity injections
Equity injections
Total
Total other services
B
Total available annual
appropriations
Special appropriations
Special appropriations lim ited
by criteria/entitlem ent
Commonwealth Electoral Act 1918 (A)
Commonwealth Electoral Act 1918 (D)
Total special appropriations
C
Total appropriations excluding
Special Accounts
+
Proposed
Additional
Estimate
2014-15
$'000
Total
estimate
at Additional
Estimates
2014-15
$'000
Table continues on next page
64
AEC Additional Estimates Statements
Table 1.1: Australian Electoral Commission Resource Statement - Additional
Estimates for 2014-15 as at Additional Estimates February 2015 (continued)
Special Accounts
Opening balance 6
Non-appropriation receipts to
Special Accounts
Total Special Account
Total resourcing
A+B+C+D
Less appropriations draw n from
annual or special appropriations above
and credited to special accounts
Total net resourcing for AEC
Total
available
appropriation
Estimate as
at Budget
2013-14
$'000
2014-15
$'000
+
Proposed
Additional
Estimate
Total
estimate
2014-15
$'000
2014-15
$'000
-
-
-
-
2,424
2,424
-
-
--
385,674
135,159
1,190
136,349
-
-
-
-
385,674
135,159
1,190
136,349
D
(A) = Administered
(D) = Departmental
1.
Appropriation Act (No. 1) 2014-15 and Appropriation Bill (No. 3) 2014-15.
2.
Estimated adjusted balance carried from previous year for annual appropriations.
3.
Includes an amount of $7.3m in 2014-15 for the Departmental Capital Budget (refer to table 3.2.10 for further
details). For accounting purposes this amount has been designated as 'contributions by owners'.
4.
Estimated retained revenue receipts under section 74 of the Public Governance, Performance and
Accountability (PGPA) Act 2013.
5.
Appropriation Act (No. 2) 2014-15 and Appropriation Bill (No. 4) 2014-15.
6.
Estimated opening balance for special accounts. For further information on Special Accounts see Table 3.1.1.
65
AEC Additional Estimates Statements
1.3
Australian Electoral Commission Measures Table
There are no measures in the 2014-15 Portfolio Additional Estimates for the AEC.
1.4
Additional Estimates and Variations
The following tables detail the changes to the resourcing for the AEC at Additional
Estimates, by outcome. Table 1.3 details the Additional Estimates and variations
resulting from new measures since the 2014-15 Budget in Appropriation Bills Nos. 3
and 4. Table 1.4 details Additional Estimates or variations through other factors, such
as parameter adjustments.
Table 1.3: Additional Estimates and Variations to Outcomes from Measures
since 2014-15 Budget
There are no measures in the 2014-15 Portfolio Additional Estimates for the AEC.
Table 1.4: Additional Estimates and Variations to Outcomes from Other
Variations
Program
impacted
2014-15
$'000
2015-16
$'000
1,059
2,285
2016-17
$'000
2017-18
$'000
Program 1.1
Increase in estimates (departmental)
Redistributions
Decrease in estimates (departmental)
Economic Parameter Adjustments
Net im pact on estim ates
for Outcom e 1 (departm ental)
-
(106)
1,059
2,179
-
-
112
-
(225)
(157)
(113)
(157)
Program 1.2
Increase in estimates (departmental)
2016 Federal Election Adjustment
Decrease in estimates (departmental)
Economic Parameter Adjustments
Net im pact on estim ates
for Outcom e 1 (departm ental)
610
-
-
(75)
(157)
(109)
-
(75)
453
(109)
(133)
(22)
(132)
(45)
(133)
(32)
(155)
(177)
(165)
Program 1.3
Decrease in estimates (departmental)
Communications Savings
Economic Parameter Adjustments
Net im pact on estim ates
for Outcom e 1 (departm ental)
(67)
.
(67)
66
AEC Additional Estimates Statements
1.5
Bill
Breakdown of Additional Estimates by Appropriation
The following tables detail the Additional Estimates sought for the AEC through
Appropriation Bills Nos. 3 and 4.
Table 1.5 - Appropriation Bill (No. 3) 2014-15
DEPARTMENTAL PROGRAMS
Outcom e 1
Maintain an impartial and
independent electoral system for
eligible voters through active
electoral roll management,
efficient delivery of polling
services, and targeted
education and public aw areness
programs
Total departm ental
2013-14
Available
$'000
2014-15
Budget
$'000
248,547
109,546
111,828
2,282
-
248,547
109,546
111,828
2,282
-
67
2014-15
Revised
$'000
Additional
Estimates
$'000
Reduced
Estimates
$'000
AEC Additional Estimates Statements
Section 2: Revisions to Entity Resources and Planned
Performance
2.1
Resources and Performance Information
The AEC has not made any changes to the objectives, deliverables and key
performance indicators of any program since the 2014-15 PB statements. The following
tables provide an update of the 2013-14 actual expenses by program and the updated
2014-15 estimated expenses incorporating the measures and estimates variations
provided in Section 1 of this document.
Table 2.1 Budgeted Expenses and Resources for Outcome 1
Outcom e 1: Maintain an im partial and independent electoral
system for eligible voters through active electoral roll
m anagem ent, efficient delivery of polling services, and
targeted education and public aw areness program s
2013-14
Actual
expenses
$'000
Program 1.1: Electoral Roll Managem ent
Departmental expenses
Departmental appropriation 1
Special appropriations
Expenses not requiring appropriation in the Budget year
2014-15
Revised
Estimated
expenses
$'000
38,060
9,000
3,581
63,233
9,000
4,009
50,641
76,242
60,957
-
206,403
4,884
44,095
3,115
272,244
47,210
20,735
924
12,721
1,004
21,659
13,725
60,957
-
265,198
9,000
9,389
120,049
9,000
8,128
Total expenses for Outcom e 1
344,544
137,177
Average Staffing Level (num ber)
2013-14
1,084
2
Total for Program 1.1
Program 1.2: Election Managem ent and Support Services
Administered expenses
Special appropriations
Departmental expenses
Departmental appropriation 1
Expenses not requiring appropriation in the Budget year 2
Total for Program 1.2
Program 1.3: Education and Com m unication
Departmental expenses
Departmental appropriation 1
Expenses not requiring appropriation in the Budget year
2
Total for Program 1.3
Outcom e 1 Totals by appropriation type
Administered Expenses
Special appropriations
Departmental expenses
Departmental appropriation 1
Special appropriations
Expenses not requiring appropriation in the Budget year
2
2014-15
863
1.
Departmental Appropriation combines "Ordinary annual services (Appropriation Act No. 1 and Bill No. 3)" and
revenue receipts under s 74 of the Public Governance, Performance and Accountability (PGPA) Act 2013.
2.
Expenses not requiring appropriation in the Budget year is made up of depreciation expense, amortisation
expense, makegood expense and audit fees.
68
AEC Additional Estimates Statements
Program Expenses 1.1 Electoral Roll Management
2013-14
Actual
2014-15 2015-16 2016-17 2017-18
Revised Forw ard Forw ard Forw ard
budget
year 1
year 2
year 3
$'000
$'000
$'000
$'000
$'000
Special Appropriations:
Commonwealth Electoral Act 1918 (D)
9,000
9,000
9,000
9,000
9,000
Annual departmental expenses:
Electoral roll management
38,033
61,966
54,944
47,182
57,499
Support services for electoral distributions
27
1,267
2,291
140
207
Expenses not requiring appropriation in
3,581
4,009
3,709
3,358
4,090
the Budget year 1
Total program expenses
50,641
76,242
69,944
59,680
70,796
(D) = Departmental
1.
Expenses not requiring appropriation in the Budget year is made up of depreciation expense, amortisation
expense, makegood expense and audit fees.
Program Expenses 1.2 Election Management and Support Services
2013-14
Actual
2014-15 2015-16 2016-17 2017-18
Revised Forw ard Forw ard Forw ard
budget
year 1
year 2
year 3
$'000
$'000
$'000
$'000
$'000
Special Appropriation
Commonwealth Electoral Act 1918 (A)
60,957
76,000
Annual departmental expenses:
Federal Elections, By-Elections and Referendums
191,638
27,992
30,949 160,087
27,776
Party registrations
332
310
310
310
310
Funding and disclosure services
1,624
1,515
1,515
1,515
1,515
Fee-for-Service
4,266
5,681
3,816
4,096
5,691
Industrial and Torres Strait Regional Authority
3,966
4,891
5,066
3,893
4,794
(TSRA) Elections
Advice and assistance in overseas elections
4,576
3,706
4,086
3,429
3,369
Expenses not requiring appropriation in
4,884
3,115
3,217
4,580
3,177
the Budget year 1
Total program expenses
272,244
47,210
48,959 253,910
46,632
(A) = Administered
1.
Expenses not requiring appropriation in the Budget year is made up of depreciation expense, amortisation
expense, makegood expense and audit fees.
69
AEC Additional Estimates Statements
Program Expenses 1.3 Education and Communication
2013-14
Actual
2014-15 2015-16 2016-17 2017-18
Revised Forw ard Forw ard Forw ard
budget
year 1
year 2
year 3
$'000
$'000
$'000
$'000
$'000
Annual departmental expenses:
Electoral eduction and communication
1,838
1,675
2,553
1,354
1,570
Communication strategies and services
14,607
6,556
8,599
5,369
6,530
Community strategies
4,290
4,490
3,687
3,573
4,472
Expenses not requiring appropriation in
924
1,004
1,154
866
1,024
the Budget year 1
Total program expenses
21,659
13,725
15,993
11,162
13,596
1.
Expenses not requiring appropriation in the Budget year is made up of depreciation expense, amortisation
expense, makegood expense and audit fees.
70
AEC Additional Estimates Statements
Section 3: Explanatory Tables and Budgeted Financial
Statements
3.1
Explanatory Tables
Estimates of Special Account Flows
Special Accounts provide a means to set aside and record amounts used for specified
purposes. Table 3.1.1 shows the expected additions (receipts) and reductions
(payments) for each account used by the AEC. The corresponding table in the
2014-15 PB Statements is Table 3.1.2.
Table 3.1.2: Estimates of Special Account Flows and Balances
Other Trust Monies
Total Special Accounts
2014-15 Budget estim ate
Total Special Accounts
2013-14 actual
Opening
balance
2014-15
2013-14
Outcome
$'000
1
1,504
-
Closing
Receipts Payments Adjustments balance
2014-15 2014-15
2014-15 2014-15
2013-14 2013-14
2013-14 2013-14
$'000
$'000
$'000
$'000
(1,504)
2,424
(920)
1,504
1,504
-
-
2,424
71
(920)
(1,504)
-
1,504
AEC Additional Estimates Statements
3.2
Budgeted Financial Statements
3.2.1
Analysis of Budgeted Financial Statements
No major changes have occurred in the budgeted financial statements since the
2014-15 PB Statements. The only minor changes reflect additional funding received for
the conducting redistributions in 2014-15, a reduction in expected revenue from other
sources and economic parameter adjustments as outlined in Section 1 of the
2014-15 PB statements.
72
AEC Additional Estimates Statements
3.2.2
Budgeted Financial Statements
Departmental Financial Statements
Table 3.2.1 Budgeted Departmental Comprehensive Income Statement (Showing
Net Cost of Services) for the period ended 30 June
Actual
EXPENSES
Employee benefits
Suppliers
Depreciation and amortisation
Receivables - Bad and Doubtful Debts
Other expenses
Borrow ing costs and Other
Total expenses
LESS:
OWN-SOURCE INCOME
Ow n-source revenue
Sale of goods and rendering of services
Other
Total ow n-source revenue
Gains
Other gains
Total gains
Total ow n-source incom e
2013-14
$'000
Revised
budget
2014-15
$'000
Forw ard
estimate
2015-16
$'000
Forw ard
estimate
2016-17
$'000
Forw ard
estimate
2017-18
$'000
149,336
124,827
9,389
1
34
283,587
78,651
50,398
8,043
85
137,177
74,751
52,064
7,995
85
134,895
131,630
108,319
8,719
85
248,753
75,519
47,214
8,206
85
131,024
18,406
100
18,506
15,521
15,521
10,841
10,841
10,952
10,952
11,038
11,038
62
62
85
85
85
85
85
85
85
85
18,568
15,606
10,926
11,037
11,123
Net cost of (contribution by)
services
265,019
121,571
123,969
237,716
119,901
Revenue from Government
276,066
113,528
115,974
228,997
111,695
Surplus (Deficit) before incom e tax
11,047
Income tax expense
-
(8,043)
-
(7,995)
-
(8,719)
-
(8,206)
-
Surplus (Deficit) after incom e tax
11,047
(8,043)
(7,995)
(8,719)
(8,206)
Total com prehensive incom e (loss)
attributable to the Australian
Governm ent
11,047
(8,043)
(7,995)
(8,719)
(8,206)
Note: Im pact of Net Cash Apppropriation Arrangem ents
Total Com prehensive Incom e
(loss) including depreciation/
am ortisation expenses
previously funded through
revenue appropriations.
20,436
less depreciation/amortisation expenses
previously funded through revenue
appropriations
Total Com prehensive Incom e
(loss) - as per the Statem ent of
Com prehensive Incom e
Prepared on Australian Accounting Standards basis.
-
-
-
(9,389)
(8,043)
(7,995)
(8,719)
(8,206)
11,047
(8,043)
(7,995)
(8,719)
(8,206)
73
AEC Additional Estimates Statements
Table 3.2.2: Budgeted Departmental Balance Sheet as at 30 June
Actual
2013-14
$'000
Revised
budget
2014-15
$'000
Forw ard
estimate
2015-16
$'000
Forw ard
estimate
2016-17
$'000
Forw ard
estimate
2017-18
$'000
ASSETS
Financial assets
Cash and cash equivalents
Trade and other receivables
Total financial assets
1,518
48,207
49,725
1,518
48,422
49,940
1,518
47,682
49,200
1,518
47,682
49,200
1,518
47,682
49,200
Non-financial assets
Land and buildings
Property, plant and equipment
Intangibles
Inventories
Other non-financial assets
Total non-financial assets
12,062
7,227
14,413
1,898
1,689
37,289
11,405
6,236
16,353
1,898
1,689
37,581
12,375
7,243
17,867
1,898
1,689
41,072
11,985
6,324
16,670
1,898
1,689
38,566
11,098
8,210
15,639
1,898
1,689
38,534
Total assets
87,014
87,521
90,272
87,766
87,734
LIABILITIES
Payables
Suppliers
Other payables
Total payables
7,679
5,124
12,803
8,229
5,124
13,353
7,930
5,124
13,054
7,930
5,124
13,054
7,930
5,124
13,054
Provisions
Employee provisions
Other provisions
Total provisions
24,778
1,577
26,355
25,478
1,577
27,055
25,478
1,577
27,055
25,478
1,577
27,055
25,478
1,577
27,055
Total liabilities
39,158
40,408
40,109
40,109
40,109
Net assets
47,856
47,113
50,163
47,657
47,625
35,890
18,952
43,190
18,952
54,235
18,952
60,448
18,952
68,622
18,952
(6,986)
(15,029)
(23,024)
(31,743)
(39,949)
47,856
47,113
50,163
47,657
47,625
EQUITY
Contributed equity
Reserves
Retained surplus
(accumulated deficit)
Total Equity
Prepared on Australian Accounting Standards basis.
74
AEC Additional Estimates Statements
Table 3.2.3: Departmental Statement of Changes in Equity — Summary of
Movement (Budget Year 2014-15)
Retained
Asset Contributed
earnings revaluation
equity/
reserve
capital
$'000
$'000
$'000
Total
equity
$'000
Opening balance as at 1 July 2014
Balance carried forw ard from
previous period
Adjusted opening balance
(6,986)
(6,986)
18,952
18,952
35,890
35,890
Com prehensive incom e
Surplus (deficit) for the period
(8,043)
-
-
(8,043)
Total com prehensive incom e
(8,043)
-
-
(8,043)
-
7,300
7,300
7,300
7,300
18,952
43,190
47,113
Transactions w ith ow ners
Contributions by ow ners
Equity Injection - Appropriation
Departmental Capital Budget (DCBs)
Sub-total transactions w ith ow ners
Closing balance
as at 30 June 2015
(15,029)
Prepared on Australian Accounting Standards basis
75
47,856
47,856
AEC Additional Estimates Statements
Table 3.2.4: Budgeted Departmental Statement of Cash Flows as at 30 June
Actual
Revised
budget
2014-15
$'000
Forw ard
estimate
2015-16
$'000
Forw ard
estimate
2016-17
$'000
Forw ard
estimate
2017-18
$'000
OPERATING ACTIVITIES
Cash received
Appropriations
252,436
Sale of goods and rendering of services
20,727
GST
9,514
Cash Received - Other
495
Total cash received
283,172
113,528
15,521
129,049
115,974
10,841
126,815
228,997
10,952
239,949
111,695
11,038
122,733
Cash used
Employees
Suppliers
Total cash used
82,716
45,333
128,049
74,301
52,073
126,374
131,630
108,319
239,949
75,519
47,214
122,733
1,000
441
-
-
4,177
4,177
8,300
8,300
11,486
11,486
6,213
6,213
8,174
8,174
2013-14
$'000
Net cash from (used by)
operating activities
INVESTING ACTIVITIES
Cash used
Purchase of property, plant,
equipment and intangibles
Total cash used
Net cash from (used by)
investing activities
149,468
133,821
283,289
(117)
(4,177)
(8,300)
(11,486)
(6,213)
(8,174)
FINANCING ACTIVITIES
Cash received
Departmental capital budget
Total cash received
4,123
4,123
7,300
7,300
11,045
11,045
6,213
6,213
8,174
8,174
Net cash used by
financing activities
4,123
7,300
11,045
6,213
8,174
-
-
-
-
1,518
1,518
1,518
1,518
1,518
1,518
1,518
1,518
Net increase (decrease)
in cash held
(171)
Cash and cash equivalents at the
beginning of the reporting period
1,689
Cash and cash equivalents at the
end of the reporting period
1,518
Prepared on Australian Accounting Standards basis.
76
AEC Additional Estimates Statements
Table 3.2.5: Capital Budget Statement — Departmental
for the period ended 30 June
Actual
NEW CAPITAL APPROPRIATIONS
Departmental capital budget (DCB) - Act 1
Equity injections - Act 2
Total new capital appropriations
Provided for:
Purchase of non-financial assets
Total Item s
PURCHASE OF NON-FINANCIAL
ASSETS
Funded by DCB - Act 1 1
Funded by equity injections - Act 2
Funded internally from
departmental resources 3
TOTAL AMOUNT SPENT
2
2013-14
$'000
Revised
budget
2014-15
$'000
Forw ard
estimate
2015-16
$'000
Forw ard
estimate
2016-17
$'000
2,869
1,254
4,123
7,300
7,300
11,045
11,045
6,213
6,213
8,174
8,174
4,177
4,177
7,300
7,300
11,045
11,045
6,213
6,213
8,174
8,174
1,308
2,869
7,300
-
11,045
-
6,213
-
8,174
-
54
4,231
1,000
8,300
441
11,486
6,213
8,174
RECONCILIATION OF CASH
USED TO ACQUIRE ASSETS
TO ASSET MOVEMENT TABLE
Total purchases
4,231
8,300
11,486
6,213
Total cash used to
acquire assets
4,231
8,300
11,486
6,213
1.
Does not include annual finance lease costs. Include purchase from current and previous years' DCBs.
2.
Includes both current and prior Act 2 and Bills 4/6 appropriations and special capital appropriations
3.
Includes the following sources of funding:
current and prior year Act 1 and Bills 3/5 appropriations (excluding amounts from the DCB).
donations and contributions
gifts
internally developed assets
s74 relevant entity receipts
proceeds from the sale of assets.
77
Forw ard
estimate
2017-18
$'000
8,174
8,174
AEC Additional Estimates Statements
Table 3.2.6: Statement of Asset Movements (2014-15)
Computer
Other property,
plant and softw are and
intangibles
equipment
$'000
$'000
$'000
Buildings
As at 1 July 2014
Gross book value
Accumulated depreciation/amortisation
and impairment
12,529
7,227
Total
$'000
49,257
69,013
(34,844)
(35,311)
12,062
7,227
14,413
33,702
-
-
-
-
-
1,985
1,985
1,576
1,576
4,739
4,739
8,300
8,300
Other m ovem ents
Depreciation/amortisation expense
Other movements
(2,642)
-
(2,602)
35
(2,799)
-
(8,043)
35
Total other m ovem ents
(2,642)
(2,567)
(2,799)
(8,008)
14,514
8,838
53,996
77,348
(3,109)
11,405
(2,602)
6,236
(37,643)
16,353
(43,354)
33,994
Opening net book balance
CAPITAL ASSET ADDITIONS
Estim ated expenditure on
new or replacem ent assets
By purchase - appropriation equity
By purchase - appropriation ordinary
annual services
Total additions
As at 30 June 2015
Gross book value
Accumulated depreciation/amortisation
and impairment
Closing net book balance
(467)
Prepared on Australian Accounting Standards basis.
78
-
AEC Additional Estimates Statements
Schedule of Administered Activity
Table 3.2.7: Schedule of Budgeted Income and Expenses Administered on
Behalf of Government for the period ended 30 June
Actual
2013-14
$'000
EXPENSES ADMINISTERED ON
BEHALF OF GOVERNMENT
Refunds - electoral fines/penalties
Election public funding
Total expenses adm inistered
on behalf of Governm ent
Revised
budget
2014-15
$'000
Forw ard
estimate
2015-16
$'000
Forw ard
estimate
2016-17
$'000
Forw ard
estimate
2017-18
$'000
27
60,957
-
-
76,000
-
60,984
-
-
76,000
-
LESS:
INCOME
Revenue
Non-taxation revenue
Other taxes, fees and fines
Total non-taxation revenue
2,242
2,242
66
66
33
33
2,000
2,000
66
66
Total revenue adm inistered
on behalf of Governm ent
2,242
66
33
2,000
66
Total incom e adm inistered
on behalf of Governm ent
2,242
66
33
2,000
66
58,742
(66)
(33)
74,000
(66)
(58,742)
66
33
(74,000)
66
Net Cost of (contribution by)
services
Total com prehensive incom e (loss)
Prepared on Australian Accounting Standards basis.
Table 3.2.8: Schedule of Budgeted Assets and Liabilities Administered on Behalf
of Government as at 30 June
The AEC has no budgeted assets and liabilities administered on behalf of Government.
79
AEC Additional Estimates Statements
Table 3.2.9: Schedule of Budgeted Administered Cash Flows
for the period ended 30 June
Actual
2013-14
$'000
OPERATING ACTIVITIES
Cash received
Taxes
Total cash received
Cash used
Refunds - electoral fines/penalties
Election public funding
Total cash used
Net cash used by
operating activities
Revised
budget
2014-15
$'000
Forw ard
estimate
2015-16
$'000
Forw ard
estimate
2016-17
$'000
Forw ard
estimate
2017-18
$'000
2,242
2,242
66
66
33
33
2,000
2,000
66
66
27
60,957
60,984
-
-
76,000
76,000
-
66
33
(74,000)
66
66
33
(74,000)
66
-
-
-
-
-
-
76,000
-
(58,742)
Net increase (decrease) in
cash held
(58,742)
Cash and cash equivalents at
beginning of reporting period
Cash from Official Public Account for:
- Appropriations
60,984
Cash to Official Public Account for:
- Appropriations
(2,242)
Cash and cash equivalents at end
of reporting period
Prepared on Australian Accounting Standards basis.
(66)
(33)
-
(2,000)
-
-
(66)
-
Table 3.2.10: Schedule of Administered Capital Budget
for the period ended 30 June
The AEC does not administer capital on behalf of Government.
Table 3.2.11: Statement of Administered Asset Movements (2014-15)
The AEC has no budgeted assets and liabilities administered on behalf of Government.
80
GLOSSARY
Term
Meaning
Accumulated
Depreciation
The aggregate depreciation recorded for a particular
depreciating asset.
Acts of Grace
payments
The primary method of providing compensation to persons
who have been unfairly disadvantaged by the
Commonwealth but who have no legal claim against it.
Administered
Items
Expenses, revenues, assets or liabilities managed by entities
on behalf of the Commonwealth. Entities do not control
administered items. Administered expenses include grants,
subsidies and benefits. In many cases, administered
expenses fund the delivery of third party outputs.
Additional
Estimates
Where amounts appropriated at Budget time are
insufficient, Parliament may appropriate more funds to
portfolios through the Additional Estimates Acts.
Additional
Estimates Bills or
Acts
These are Appropriation Bills Nos. 3 and 4, and a separate
Bill for the Parliamentary Departments (Parliamentary
Departments Bill No.2). These Bills are introduced into
Parliament after the Budget Bills.
Appropriation
An authorisation by Parliament to spend monies from the
Consolidated Revenue Fund for a particular purpose.
Annual
Appropriation
Two appropriation Bills are introduced into Parliament in
May and comprise the Budget. Further Bills are introduced
later in the financial year as part of the Additional
Estimates. Parliamentary departments have their own
appropriations.
CAC Act
Commonwealth Authorities and Companies Act 1997.
Capital
Expenditure
Expenditure by an entity on capital projects, for example
purchasing a building.
Charter of Budget
Honesty Act
The Charter of Budget Honesty Act 1998 provides a legislative
framework for the conduct and reporting of fiscal policy.
81
Portfolio Glossary
Term
Meaning
Consolidated
Revenue Fund
s.81 of the Constitution stipulates that all revenue raised or
money received by the Commonwealth forms the one
Consolidated Revenue Fund (CRF). The CRF is not a bank
account. The Official Public Account reflects most of the
operations of the CRF.
Departmental
Items
Assets, liabilities, revenues and expenses that are controlled
by the entity in providing its outputs. Departmental items
would generally include computers, plant and equipment
assets used by entities in providing goods and services and
most employee expenses, supplier costs and other
administrative expenses incurred.
Depreciation
Apportionment of an asset’s capital value as an expense
over its estimated useful life to take account of normal
usage, obsolescence, or the passage of time.
Equity or Net
Assets
Residual interest in the assets of an entity after deduction of
its liabilities.
Expense
Total value of all of the resources consumed in producing
goods and services or the loss of future economic benefits in
the form of reductions in assets or increases in liabilities of
an entity.
Fair Value
Valuation methodology: The amount for which an asset
could be exchanged, or a liability settled, between
knowledgeable and willing parties in an arm’s length
transaction. The fair value can be affected by the conditions
of the sale, market conditions and the intentions of the asset
holder.
FMA Act
Financial Management and Accountability Act 1997.
Measure
A new policy or savings decision of the government with
financial impacts.
Operating Result
Equals income less expense.
Outcomes
The government's objectives in each portfolio area.
Outcomes are desired results, impacts or consequences for
the Australian community influenced by the actions of the
Australian Government. Actual outcomes are the results or
impacts actually achieved.
82
Portfolio Glossary
Term
Meaning
Portfolio
A Minister’s area of responsibility as a member of Cabinet.
A portfolio consists of one or more Departments of State
(aka the Portfolio Departments) and a number of entities
with similar general objectives and outcomes.
Program
Entities deliver programs which are the government actions
taken to deliver the stated outcomes. Entities are required to
identify the programs which contribute to government
outcomes over the Budget and forward years.
Revenue
Total value of resources earned or received to cover the
production of goods and services or increases in future
economic benefits in the form of increases in assets or
reductions in liabilities of an entity.
Special Accounts
Balances existing within the CRF that are supported by
standing appropriations. Special accounts allow money in
the CRF to be acknowledged as set-aside (hypothecated) for
a particular purpose. Amounts credited to a special account
may only be spent for the purposes of the special account.
special accounts can only be established by a written
determination of the Finance Minister or through an Act of
Parliament.
Special
Appropriations
(including Standing
Appropriations)
An amount of money appropriated by a particular Act of
Parliament for a specific purpose and number of years. For
special appropriations the authority to withdraw funds
from Consolidated Revenue Fund does not generally cease
at the end of the financial year.
Standing appropriations are a sub-category consisting of
ongoing special appropriations – the amount appropriated
will depend on circumstances specified in the legislation.
83
ACRONYMS
Acronym
Description
AAO
Administrative Arrangements Order
AO
Officer of the Order of Australia
AEC
Australian Electoral Commission
ANAO
Australian National Audit Office
APS
Australian Public Service
ASIO
Australian Security Intelligence Organisation
BAF
Building Australia Fund
CAC Act
Commonwealth Authorities and Companies Act 1997
Charter of Budget Honesty
Charter of Budget Honesty Act 1998
CPI
Consumer Price Index
CSS
Commonwealth Superannuation Scheme
CSS Act
Superannuation Act 1976
DCAF
DisabilityCare Australia Fund
DCB
Departmental Capital Budget
DFRDB
Defence Force Retirement and Death Benefits
EIF
Education Investment Fund
ERC
Expenditure Review Committee
FFMA
Future Fund Management Agency
Finance
Department of Finance
Finance Minister
Minister for Finance
FMA Act
Financial Management and Accountability Act 1997
85
Acronyms
Acronym
Description
GBEs
Government Business Enterprises
HHF
Health and Hospitals Fund
ICON
Intra-Government Communications Network
ICT
Information and Communications Technology
JSCEM
Joint Standing Committee on Electoral Matters
MoP(S) Act
Members of Parliament (Staff) Act 1984
MP
Member of Parliament
MSBS
Military Superannuation and Benefits Scheme
MYEFO
Mid-Year Economic Fiscal Outlook
NBF
Nation Building Funds
OPA
Official Public Account
PAES
Portfolio Additional Estimates Statements
PB Statements
Portfolio Budget Statements
PCSS
Parliamentary Contributory Superannuation Scheme
PGPA
Public Governance, Performance and Accountability Act
2013
PSM
Public Service Medal
PSS
Public Sector Superannuation Scheme
PSS Act
Superannuation Act 1990
PSSap
Public Sector Superannuation Accumulation Plan
SMOS
Special Minister of State
SPPs
Special Purpose Payments
86