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Financial Statements
Certification
We certify that the attached financial statements, for the year ended 30 June 1990, are in agreement with the Office of the Inspector-General of Intelligence and Security's accounts and records and, in our opinion, the statements have been prepared in accordance with the Financial Statements Guidelines for Departmental Secretaries issued in May 1990.
| Signed | Signed |
| |
|
| Roger Holdich | Philip Moss |
| Inspector-General of Intelligence and Security | Principal Executive Officer |
| 5 September 1990 | 5 September 1990 |
Aggregate Statement of Transactions by fund for the year ended 30 June 1990
This statement shows aggregate cash transactions, for which the Office is responsible, for the Commonwealth Public Account (CPA). The Office does not operate on the Loan Fund or the Trust Fund.
| Consolidated Revenue Fund | 1988-89 Actual $ |
1989-90 Budget $ |
1989-90 Actual $ |
|---|---|---|---|
| Recipts | Nil | Nil | Nil |
| Expenditure from Special Appropriations | Nil | Nil | Nil |
| Expenditure from Annual Appropriations | 293,000 | 345,500 | 355,000 |
| Loan Fund | 1988-89 Actual $ |
1989-90 Budget $ |
1989-90 Actual $ |
|---|---|---|---|
| Nil | Nil |
| Trust Fund | 1988-89 Actual $ |
1989-90 Budget $ |
1989-90 Actual $ |
|---|---|---|---|
| Nil | Nil |
Detailed Statement of Transactions by fund for the year ended 30 June 1990
This statement shows details of cash transactions, for which the Office is responsible, for the Consolidated Revenue Fund (CRF). The Office was not responsible for any transactions of the Loan Fund or the Trust Fund.
Consolidated Revenue Fund
Receipts to CRF
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.
Expenditure from CRF
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.
| Annual Appropriations | 1988-89 Actual $ |
1989-90 Approp. $ |
1989-90 Expend. $ |
|---|---|---|---|
| (Appropriation Act No. 1 | 289,000 | 345,500) | |
| (Appropriation Act No. 3 | 4,000 | 15,000) | 354,741 |
| Division 518 - Office of the Inspector-General of Intelligence and Security | - | - | |
| Total Expenditure from Annual Appropriations | 293,000 | 360,500 | 354,741 |
| Total Expenditure from CRF | 293,000 | 354,741 |
Program Summary for the year ended 30 June 1990
This Statement shows the outlays for the sub-program administered by the Office and reconciles the Office's total outlays to total expenditure from the Consolidated Revenue Fund (CRF). "Expenditure" refers to the actual amount of resources consumed by the sub-program whereas "outlays" refers to the "net" amount of resources consumed, after offsetting associated receipts and other items.
The Statement also reconciles the total receipts classified as revenue (i.e. receipts not offset within outlays or classified as financing transactions) for the sub-program, with "Receipts to CRF".
| Expenditure | 1988-89 Actual $'000 |
1989-90 Budget $'000 |
1989-90 Actual $'000 |
|---|---|---|---|
| Outlays | |||
| 1. Office of the Inspector-General of Intelligence and Security | 293 | 346 | 355 |
| Total Outlays | 293 | 346 | 355 |
| Receipts | NIL | NIL | NIL |
| Total Receipts to CRF | NIL | NIL | NIL |
Program Statement for the year ended 30 June 1990
This Statement shows details of expenditure from annual appropriations for the sub-program administered by the Office and reconciles the Office's total outlays to total expenditure from appropriations.
A detailed explanation of the sub-program is provided in the annual report.
| 1. Public Administration and Accountability | 1988-89 Actual $'000 |
1989-90 Budget $'000 |
1989-90 Actual $'000 |
|---|---|---|---|
| 3.4 Office of the Inspector-General of Intelligence and Security | |||
| Running costs (518) | |||
| Salaries | 202 | 244 | 250 |
| Administrative Expenses | 91 | 102 | 105 |
| Expenditure from Appropriations | 293 | 346 | 355 |
| Outlays | 293 | 346 | 355 |
Statement of Supplementary Financial Information as at 30 June 1990
| Current Assets | 1988-89 $'000 |
1989-90 $'000 |
|---|---|---|
| Cash on hand and at bank | Nil | 1 |
| Non-Current Assets | ||
| Computer and office equipment | 41 | 61 |
Notes to the Financial Statements for the year ended 30 June 1990
Note 1 - Statement of Significant Accounting Practices
- 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 on a cash basis with the exception of the Statement of Supplementary Financial Information which includes certain accrual-type information.
- 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 $1,000.
- Minor assets having a unit cost less than $2,000 have not been accounted for in the Statement of Supplementary Information.
- Administrative expenses shown in the Program Statement include minor capital expenditure items as they are considered part of ordinary annual services for the purposes of the Appropriation Acts. "Minor capital expenditure" includes items of capital expenditure costing less than $250,000.
- 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.
- The 1988-89 figures relating to the Program Statement and the Statement of Supplementary Financial Information were not subject to audit.
Note 2 - Forward Obligations
The Office has not entered into any forward obligation as at 30 June.
Note 3 - Act of Grace Payments
There were no payments made during the financial year 1989-90, pursuant to authorisations given under section 34A of the Audit Act 1901.
Note 4 - Waiver of Rights to Payment of Moneys
No payments were waived during the financial year 1989-90 under sub-section 7OC(2) of the Audit Act 1901.
Note 5 - Amounts Written Off
No amounts were written off during the financial year 1989-90 under sub-section 7OC(1) of the Audit Act 1901.
Note 6 - Losses and Deficencies etc in Public Moneys and Other Property
No action was taken during the financial year 1989-90 under Part XII of the Audit Act 1901.
Note 7 - Resources received free of charge
During the 1989-90 financial year, a number of Commonwealth Departments and agencies provided standard services to the Office without charge. Expenditures for the services were met from those Departments' appropriations. The major services received include the following:
Attorney -General's Department
The provision of legal services.
Australian National Audit Office
Auditing services as required by the Audit Act 1901. The estimated value of this service for 1989-90 is $2,515.
Department of Finance
The provision of accounting and budgetary services in the form of computerised Finance Ledger and payroll services.
Department of the Prime Minister and Cabinet
The provision of assistance relating to the personnel, accounting and administrative functions.