Legislative Assembly for the ACT: 2008 Week 1 Hansard (14 February) . . Page.. 275..
MR STANHOPE (continuing):
I ask leave to make a statement in relation to the papers.
MR STANHOPE: Madam Temporary Deputy Speaker, section 16B, rollover of undispersed appropriation, of the Financial Mangement Act allows appropriation to be preserved from one financial year to the next as outlined in instruments signed by the Treasurer. As required under the act, I table a copy of authorisations made to roll over undispersed appropriation for 2006-07 to 2007-08. The appropriation being rolled was not dispersed during 2006-07 and is still required in 2007-08 for completion of projects identified and instruments provided.
These rollovers have been made as the appropriation clearly relates to project funds required where commitments have been entered into but the cash has not yet been used, for example capital works projects or initiatives for which the timing of delivery has changed or been delayed or outstanding contractual or pending claims exist.
The first instance authorises the rollover of $11.937 million in capital injection for the Department of Territory and Municipal Services. Significant rollovers include: $1.2 million for the International Arboretum due to a review of the strategic basis of the project; $1.9 million for the National Convention Centre due to a timing difference between completion of works and the receipted invoices; $1.7 million for expansion of the speed camera network due to longer than anticipated onsite testing and evaluation as well as the delayed shipping of equipment; and $1.7 million for action safety and security measures.
The second instrument authorises the rollover of $411,000 in government payments for outputs for the ACT Planning and Land Authority for the sustainable transport initiative stage one. Details for AUBs and the remaining rollovers are provided in the instrument, and I commend the papers to the Assembly.
Financial Management Act--consolidated financial report
Paper and statement by minister
MR STANHOPE (Ginninderra—Chief Minister, Treasurer, Minister for Business and Economic Development, Minister for Indigenous Affairs, Minister for the Environment, Water and Climate Change, Minister for the Arts): For the information of members, I present the following paper:
Financial Management Act, pursuant to section 26—Consolidated Financial Report for the financial quarter and year-to-date ending 31 December 2007.
I ask leave to make a statement in relation to the paper.
MR STANHOPE: Madam Temporary Deputy Speaker, I present to the Assembly the December quarter 2007 financial report for the territory, as required under section 26 of the Financial Management Act. At the end of December 2007, the net operating