Annual Report 2016-2017 Department of the Legislative Assembly
Tabled paper 405
Tabled Papers for 13th Assembly 2016 - 2020; Tabled Papers; ParliamentNT
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DEPARTMENT OF THE LEGISLATIVE ASSEMBLY NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2017 DLA Annual Report 2016-17 Page 29 1. OBJECTIVES AND FUNDING The Department of the Legislative Assembly provides operational support and professional advice to Members of the Northern Territory Legislative Assembly and other clients, and promotes community understanding of the work of the Assembly and its committees. The key functional responsibilities of the agency are: Facilitating the effective operation of the Assembly to ensure compliance with parliamentary practice, law and procedure; Managing the Parliament House facility; Providing administrative services and advice relating to Members salaries, allowances and entitlements, Members electorate offices and electorate office staff; Promoting community awareness and understanding of representative parliamentary democracy and the work of the Legislative Assembly; and Providing administrative and research support to the parliamentary standing and sessional committees. The Department 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 several output groups. Note 3 provides summary financial information in the form of a Comprehensive Operating Statement by output group. 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 Department of the Legislative Assembly to prepare financial statements for the year ended 30 June 2017 based on the form determined by the Treasurer. The form of agency financial statements is to 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.