Legislative Assembly for the ACT: 2015 Week 01 Hansard (Thursday, 12 February 2015) . . Page.. 290 ..
MR BARR: Madam Speaker, I present to the Assembly the December quarter 2014 consolidated financial report for the territory, a requirement of section 26 of the Financial Management Act.
The December quarter headline net operating balance for the general government sector was a deficit of $62.7 million. This result was $17 million higher than the year to date budget deficit of $45.7 million. Total revenue for the general government sector for the quarter to December 2014 was $2,357.5 million. This is $3.7 million higher than the December year to date budget.
Major increases in total revenue included higher than expected sales of goods and services revenue of $24.2 million, mainly due to higher than budgeted sales of land rent blocks; higher than anticipated commonwealth grants of $22.1 million, mainly due to the timing of payments of GST and an increase in healthcare grants associated with higher activity funding; and higher dividends and income tax equivalents income of $10.8 million from the public trading enterprise sector.
These increases were largely offset by lower than expected gains from contributed assets of $0.6 million associated with the timing of the transfer of assets from the Land Development Agency and external developers.
Total expenses of $2,468.1 million were $19.7 million higher than the December year to date budget. Major increases in total expenses include higher other operating expenses of $29.9 million, of which $18.8 million is due to higher than budgeted sales of land rent blocks; and higher grants and purchased services of $20.8 million, mainly due to the timing of insurance and Comcare payments for ACTION, Calvary Hospital and Clare Holland House.
These increases were partially offset by lower supplies and services expenses of $31.8 million, which mainly reflects the timing of project payments as procurement processes are completed and other project delays. The general government sector balance sheet remains strong, represented by key indicators such as net financial liabilities and net worth.
I commend the December quarterly report to the Assembly.
MR GENTLEMAN (Brindabella—Minister for Planning, Minister for Roads and Parking, Minister for Workplace Safety and Industrial Relations, Minister for Children and Young People and Minister for Ageing) (3.34), by leave: As the Minister for Children and Young People, I present the following paper:
Youth justice—Ministerial statement, 12 February 2015.
I thank the Assembly for the opportunity to speak today about the ongoing achievements occurring across the youth justice system. As members would be aware,