Territory Stories

Budget 2011-12 Budget Paper No.3 The Budget



Budget 2011-12 Budget Paper No.3 The Budget

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Tabled paper 1279


Tabled papers for 11th Assembly 2008 - 2012; Tabled papers; ParliamentNT




Tabled By Delia Lawrie


Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.




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5 Overview The focus is on identifying important resource issues relating to the agencys key functional responsibilities and strategic issues, as well as recording additional funding for initiatives in 201112, and significant initiatives approved since the 201011 Budget. For 201112, budget highlights are now aligned to the Governments Territory 2030 Strategic Plan action areas. Outputs, Business Lines and Performance This section is structured so that detailed information on each output group is provided in the form of output statements (business line statements for government business divisions). These statements describe outcomes, outputs and keyvariations in output costs between the published 201011 Budget figures, the revised 201011 Estimate, and the 201112 Budget. For government business divisions, this section describes financial performance that focuses on key variations between the years. Keydeliverables are listed for the outputs, with estimates identified for each measure. For comparative purposes, where available, updated measures for the 201011 year are provided, including for the final estimate and the original estimate as included in the 201011Budget Papers. To enable meaningful comparisons where measures have changed, agencies and business divisions have recast key deliverables and estimates to be on a basis consistent with information presented for 201112. Where measures have been modified and 201011 data is not available, no estimate is provided. As a result of the review of Budget Paper No. 3, a number of changes to the presentation of this section have been implemented. These changes include: output group expense figures and key variations are now presented within each output group statement, to provide ease of reference for the reader. Previously this information was provided separately to the description of output groups and outputs; and performance measures have been renamed key deliverables, and focus on those measures most relevant to assessing the achievement of the output. In addition, a number of new measures are included that focus on key deliverables associated with national agreements. The transition from performance measures to key deliverables will be further developed during 201112, with a focus on presenting key deliverable measures that are both meaningful and nationally consistent. Financial Statements A set of financial statements Operating Statement, Balance Sheet and Cash Flow Statement is presented on an accrual basis for each agency and government business division for both 201011 and 201112. Operating Statement presents an agencys expenses, revenues, gains and net result. It excludes payments and receipts of a capital nature, as these only impact the Balance Sheet and Cash Flow Statement. With appropriation covering only cash costs, most agencies will show a deficit due to their depreciation and amortisation expenses being unfunded. Agencies may also show a surplus or deficit in relation to the transfer of expenditure between years due to the treatment of these timing differences in the Accounting Standards. Therefore, where a receipt is received in one year but not spent until the following financial year, a surplus will be shown in the first year and a deficit in the second. This surplus or deficit is either offset or increased by the depreciation expense.

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