Financial Statements

Statement by the Inspector-General of Intelligence and Security and Principal Executive Officer

Certification

We certify that the financial statements are in agreement with the office's accounts and records and, in our opinion, the statements have been prepared in accordance with the Financial Statements Guidelines for Departmental Secretaries.

Signed

N D McInnes
Inspector-General of
Intelligence and Security

29 August 1989

Signed

P S Moss
Principal Executive Officer

29 August 1989

Aggregate statement of transactions by fund for the year ended 30 June 1989

This statement shows aggregate cash transactions, for which the Office is responsible, for each of the three Funds comprising the Commonwealth Public Account (CPA). The Office does not operate on the Loan Fund or the Trust Fund.

Consolidated Revenue Fund	1987-88 Actual $	1988-89 Budget $	1988-89 Actual $
Receipts	Nil	Nil	Nil
Expenditure from Annual Appropriations	264,019	289,000	293,000
Loan Fund	Nil
Trust Fund	Nil

Detailed statement of transactions by fund for the year ended 30 June 1989

Consolidated revenue fund

The CRF is the main working fund of the Commonwealth and consists of all current moneys received by the Commonwealth (excluding loan raisings and moneys received by the Trust Fund). The Office does not have receipt items. The Constitution requires that an appropriation of moneys by the Parliament is required before any expenditure can be made from the CRF. Appropriations follow two forms:

special (or standing) appropriations, which the Office does not have; and
annual appropriations.

The Office is responsible for the following expenditure items.

Special Appropriations	1987-88 Actual $	1988-89 Approp.	1988-89 Expend.	Notes
Remuneration Tribunals Act Holders of Public Office Inspector-General of Intelligence and Security	99,806	Nil	Nil	3
Annual Appropriations
Appropriation Act No 1	164,213	289,000)
		)	293,000
Appropriation Act No 3		4,000)
Total Expenditure from Annual Appropriations	264,019	293,000	293,000
Total Expenditure from CRF	264,019		293,000

Detailed program Summary for the year ended 30 June 1989

This Statement shows the outlays for the sub-program administered by the Office and reconciles the Office's total outlays to total expenditure from appropriations.

'Expenditure' refers to the actual amount of resources used by the sub-program.

This Statement has not been subject to audit.

Expenditure	1987-88 Actual $'000	1988-89 Budget $'000	1988-89 Actual $'000
Outlays
3. Public Administration and Accountability
3.4 Office of the Inspector-General of Intelligence and Security	264	293	293
Total Outlays	264	293	293
Total expenditure from appropriations	264	293	293

Statement of supplementary financial information as at 30 June 1989

This Statement has not been subject to audit.

Non-current assets	As at 30 June 1989 $'000
Computer and office equipment	41

Notes to the financial statements for the year ended 30 June 1989

Note 1 - Statement of significant policies

The financial statements have been prepared in accordance with the 'Financial Statements Guidelines for Departmental Secretaries' issued by the Minister for Finance.
The financial statements have been prepared on a cash basis with the exception of the Statement of Supplementary Financial Information which includes certain accrual-type information.
1. The financial statements have been prepared in accordance with the historical cost convention and do not take account of changing money values or, except where stated, current values of non-current assets.
Amounts shown in the Aggregate Statement of Transactions by Fund and the Detailed Statement of Transactions by Fund have been rounded to the nearest $1; other amounts have been rounded to the nearest $1000.
Minor assets having a unit cost less than $1,060 have not been accounted for in the Statement of Supplementary Information.
Salaries, wages and related benefits payable to officers and employees of the Office have not been accounted for in the balance of creditors in the Statement of Supplementary Financial Information.

Note 2 - Resources received free of charge

During 1988-89 financial year, a number of Commonwealth Departments and agencies provided standard services to the Office without charge. They were the Department of Administrative Services, the Australian Audit office, the Attorney-Generalls Department and the Department of the Prime Minister and Cabinet. Expenditures for these services were met from those Departments' appropriations.

Note 3

Payments to Holders of Public Office were paid formerly by Special Appropriation. These payments now form part of running costs.

Office of the Inspector-General of Intelligence and Security Audit Report on Financial Statement

In accordance with subsection 50(1) of the Audit Act 1901, the Inspector-General of Intelligence and Security has submitted for my report the financial statement of the Office of the Inspector-General of Intelligence and Security for the year ended 30 June 1989.

Subsection 50(2) of the Act provides that the financial statement shall be prepared in accordance with the financial statement guidelines laid down and shall set out:

particulars of the receipts and expenditures of the Consolidated Revenue Fund, the Loan Fund and the Trust Fund during the financial year in respect of the Department; and
such other information (if any) relating to the financial year as is required by the financial statements guidelines to be included in the statement.

The part of the financial statement prepared in accordance with paragraph 50(2)(b) of the Act is not subject to audit examination and report unless the Minister for Finance has declared that it is to be subject to full examination. At the date of this report the Minister had not made a declaration in respect of the Office of the Inspector-General of Intelligence and Security.

The part of the financial statement prepared in accordance with paragraph 50(2)(a) of the Act which is subject to audit has been prepared in accordance with the policies outlined in Note 1 and has been audited in conformance with the Australian Audit Office Auditing Standards.

In accordance with subsection 51(1) of the Act, I now report that the part of the statement prepared in accordance with subsection 50(2)(a) is, in my opinion:

in agreement with the accounts and records kept in accordance with section 40 of the Act; and
in accordance with the financial statements guidelines made by the Minister for Finance.

D.S. Lennie
Acting Senior Assistant Auditor-General
29 August 1989

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