Page 4536 - Week 10 - Thursday, 23 September 2010
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(4) What were the top ten program overspending programs in the 2009-10 financial year.
(5) Where was funding allocated from to accommodate the overspend.
(6) What adjustments have been made to the 2010-11 budget as a result of the overspend and by how much and in what areas have adjustments been made.
Mr Stanhope: The answer to the member’s question is as follows:
Details of appropriation rollover instruments prepared under the Financial management Act 1996 are tabled by the Treasurer from time to time. The Treasurer tables information on funds allocated from the Treasurer’s advance in accordance with Financial Management Act 1996 from time to time. Details of programs requiring additional funding are disclosed in the Budget paper in the event additional funding is provided (as occurred in the 2010-11 Budget). In addition agency annual financial statements and management, discussion and analysis (MD&A) explain significant variances between budgeted appropriation and appropriation drawn, budgeted expenditure and actual expenditure. Agency statements of Performance include actual GPO and cost by output together with variance explanations where there is a material variance from budget. Annual reports for 2009-2010, which include agency financial statements, MD&A and statement of performance, will be tabled shortly in accordance with established procedures.
Finance—government assets and liabilities
(Question No 1152)
Mr Seselja asked the Minister for Planning, upon notice, on 26 August 2010:
(1) For each portfolio area, what were the top ten assets as at 30 June 2010 and what was their value, broken down by specific asset, not asset class.
(2) What were the top ten liabilities as at 30 June 2010 and what was their value, broken down by each specific liability.
Mr Barr: The answer to the member’s question is as follows:
The Government does not account for assets and liabilities by portfolio. Details of the assets and liabilities are published in agency financial statements in accordance with Generally Accepted Accounting Principles (GAAP) as required by the Financial Management Act 1996.
Under GAAP, departments are required to disclose their assets and liabilities by output class where it is feasible to do so. Annual Reports for 2009-10, which include agency financial statements, will be tabled shortly in accordance with established procedures.
Finance—government assets and liabilities
(Question No 1158)
Mr Seselja asked the Treasurer, upon notice, on 26 August 2010:
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