Annual Report 2017-2018 OmbudsmanNT
Tabled paper 934
Tabled Papers for 13th Assembly 2016 - 2020; Tabled Papers; ParliamentNT
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OMBUDSMANS OFFICE NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2018 107 1. OBJECTIVES AND FUNDING The Ombudsmans role is to receive, investigate and resolve complaints made about administrative action to which the Ombudsman Act applies and to foster excellence in public sector services. The Ombudsmans Office is predominantly funded by, and is dependent on, the receipt of Parliamentary appropriations. The financial statements encompass all funds through which the agency controls resources to carry on its functions and deliver outputs. For reporting purposes, outputs delivered by the agency are summarised into two output groups, Ombudsman Operations and Corporate and Governance. Note 3 provides summary financial information in the form of a Comprehensive Operating Statement by output group. Additional information in relation to the Ombudsmans Office and its principal activities may be found in the Ombudsmans Annual Report. 2. STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES a) Statement of compliance The financial statements have been prepared in accordance with the requirements of the Financial Management Act and related Treasurers Directions. The Financial Management Act requires the Ombudsmans Office to prepare financial statements for the year ended 30 June based on the form determined by the Treasurer. The form of agency financial statements should include: (i) a certification of the financial statements (ii) a comprehensive operating statement (iii) a balance sheet (iv) a statement of changes in equity (v) a cash flow statement and (vi) applicable explanatory notes to the financial statements. b) Basis of accounting The financial statements have been prepared using the accrual basis of accounting, which recognises the effect of financial transactions and events when they occur, rather than when cash is paid out or received. As part of the preparation of the financial statements, all intra-agency transactions and balances have been eliminated. Except where stated, the financial statements have also been prepared in accordance with the historical cost convention. The form of the agency financial statements is also consistent with the requirements of Australian Accounting Standards. The effects of all relevant new and revised Standards and Interpretations issued by the Australian Accounting Standards Board (AASB) that are effective for the current annual reporting period have been evaluated.
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