Families, housing, community services and indigenous affairs portfolio
Section 3: Explanatory tables and budgeted financial statements
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- Navigate this page:
- 3.1.1 Movement of administered funds between years
- 3.2 Budgeted financial statements
- Budgeted comprehensive income statement
- Budgeted departmental balance sheet
- Budgeted departmental statement of cash flows
- 3.2.3 Budgeted financial statements tables
- 3.2.4 Notes to the financial statements
- Departmental financial statements and schedule to administered activity
- Revenue from government – ordinary annual appropriations
- Financial assets – cash This includes notes and coins held and deposits at call. Financial assets – receivables
Section 3: Explanatory tables and budgeted financial statementsSection 3 presents explanatory tables and budgeted financial statements that provide a comprehensive snapshot of agency finances for the 2013–14 budget year. It explains how budget plans are incorporated into the financial statements and provides further details of the reconciliation between appropriations and program expenses, movements in administered funds, special accounts and government Indigenous expenditure. 3.1 Explanatory tables3.1.1 Movement of administered funds between yearsTSRA does not have any administered funds. 3.1.2 Special accountTSRA does not have any special accounts. 3.1.3 Australian Government Indigenous ExpenditureTable 3.1.3: Australian Government Indigenous Expenditure 
3.2 Budgeted financial statements3.2.1 Differences in agency resourcing and financial statementsThere are no differences between TSRA’s Portfolio Budget Statements and the Commonwealth’s Budget Management System. 3.2.2 Analysis of budgeted financial statementsDepartmentalBudgeted comprehensive income statementThis statement provides a picture of the expected financial results for the TSRA by identifying full accrual expenses and revenues, which highlights whether the TSRA is operating at a sustainable level. TSRA is forecasting income of $56 million and expenditure of $56 million resulting in a breakeven result for the 2013–14 fiscal year. Budgeted departmental balance sheetThis statement shows the financial position of the TSRA. It helps decision-makers to track the management of assets, liabilities and equity. TSRA’s forecast balance sheet for the fiscal year ending June 2014 shows TSRA with total assets of $80.1 million and liabilities of $17 million, resulting in a net asset position of $63.2 million. Budgeted departmental statement of cash flowsThe budgeted cash flows, as reflected in the statement of cash flows, provide important information on the extent and nature of cash flows by categorising them into expected cash flows from operating activities, investing activities and financing activities. Predicted departmental cash flows have been adjusted to reflect the anticipated impact on cash after taking into account the forecast movements in the balance sheet and comprehensive income statement. The agency is forecasting a favourable cash position of $16.6 million for the fiscal year ending June 2014. The favourable cash position is due to the timing across fiscal years between receipt of income and program expenditure commitments. 3.2.3 Budgeted financial statements tablesTable 3.2.1: Comprehensive income statement (showing net cost of services) (for the period ended 30 June) 
Table 3.2.2: Budgeted departmental balance sheet (as at 30 June) 
Table 3.2.3: Departmental statement of changes in equity – summary of movement (budget year 2013–14) 
Table 3.2.4: Budgeted departmental statement of cash flows (for the period ended 30 June) 
Table 3.2.5: Departmental capital budget statement 
Table 3.2.6: Statement of asset movements (2013–14) 
3.2.4 Notes to the financial statementsBasis of accountingThe budgeted financial statements have been prepared in accordance with the requirements of the Finance Minister’s Orders issued by the Minister for Finance and Deregulation. Amounts in these statements are rounded to the nearest thousand dollars. Departmental financial statements and schedule to administered activityUnder the Australian Government’s financial budget and reporting framework, transactions that agencies control (departmental transactions) are separately budgeted for and reported on from transactions agencies do not have control over (administered transactions). This ensures that agencies are only held fully accountable for the transactions over which they have control. Departmental items are those assets, liabilities, revenues and expenses in relation to an agency or authority that are controlled by the agency. Departmental expenses include employee and supplier expenses and other administrative costs, which are incurred by the agency in providing its goods and services. TSRA has no administered items.
Expenses – depreciationProperty, plant and equipment assets are written-off to their estimated residual values over their estimated useful lives, using in all cases the straight-line method of depreciation. Asset valuationAll assets are initially recorded at cost. Property, plant and equipment and other infrastructure assets are periodically revalued at their fair value. Financial assets – cashThis includes notes and coins held and deposits at call. Financial assets – receivablesThis includes loans and advances made by the TSRA to clients in the delivery of its programs, in addition to amounts owing to the TSRA for delivery of goods and services. Loans receivable are measured at amortised cost using the effective interest method less impairment. Workplace Gender Equality Agency Agency Resources and Planned Performance Workplace Gender Equality Agency Section 1: Agency overview and resources 309 1.1 Strategic direction statement 309 1.2 Agency resource statement 310 1.3 Budget measures 311 Section 2: Outcomes and planned performance 312 2.1 Outcomes and performance information 312 Section 3: Explanatory tables and budgeted financial statements 320 3.1 Explanatory tables 320 3.2 Budgeted financial statements 320
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