Territory Stories

Annual Report 2016-2017 Department of the Legislative Assembly

Details:

Title

Annual Report 2016-2017 Department of the Legislative Assembly

Other title

Tabled paper 405

Collection

Tabled papers for 13th Assembly 2016 - 2020; Tabled papers; ParliamentNT

Date

2017-10-10

Description

Deemed

Notes

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.

Language

English

Subject

Tabled papers

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Details/C2019C00042

Parent handle

https://hdl.handle.net/10070/272314

Citation address

https://hdl.handle.net/10070/428605

Page content

DLA Annual Report 2016-17 Page 21 Financial Statement Overview For the Year Ended 30 June 2017 OVERVIEW The 2016-17 financial statements and notes for the Department of the Legislative Assembly have been prepared on an accrual basis in accordance with the Northern Territory Financial Management Framework and the Australian Accounting Standards. The Departments financial performance in 2016-17 and comparatives for 2015-16 are reported in four financial statements: the Comprehensive Operating Statement, Balance Sheet, Statement of Changes in Equity and Cash Flow Statement. Comprehensive Operating Statement The comprehensive operating statement provides information on the financial performance of the Department for the financial year. 201617 $000 201516 $000 Variation $000 Operating Income 28,408 25,983 2,425 Operating Expenses 31,433 29,046 2,387 Net Operating Surplus/(Deficit) 25,821 (13,110) 38,931 (3,025) (3,063) 38 Other Comprehensive Income 28,884 28,884 Comprehensive Surplus/(Deficit) (3,025) 25,821 22,796 For the year ended 30 June 2017, the Department reported a net operating deficit of $3.025 million. The operational deficit for the year was largely attributed to $3.549 million in depreciation being non-cash in nature and unfunded expenditure under the annual appropriation, offset by the under expenditure of $0.496 million against the Repairs and Maintenance budget. The Departments total income in 2016-17 was $28.408 million, an increase of $2.425 million primarily due to increased Output Appropriation resulting from increased of Members entitlements following the annual review of the Remuneration Tribunal Determination and resettlement allowance payment for Members of the Legislative Assembly and termination payments for Electorate Officers following the August 2017 General Election. The Department also recognises notional revenue of $2.34 million for goods and services received free of charge, which includes Information Technology, Procurement and Payroll. This income is offset by notional expenditure to the same value. Expenditure of $31.433 million in 2016-17 is $2.387 million higher than the 2015-16 expenditure predominantly due to a $1.9 million increase in entitlements and salaries for Members of the Legislative Assembly and a $0.6 million increase in repair and maintenance expense.


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