Annual report 2010 - 2011, Northern Territory Grants Commission
Northern Territory Grants Commission reports; Reports; PublicationNT
2011-10
Made available via the Publications (Legal Deposit) Act 2004 (NT).
Date:2011-10
English
Northern Territory Grants Commission -- Periodicals; Local government -- Northern Territory -- Periodicals; Local finance -- Northern Territory -- Periodicals; Grants-in-aid -- Northern Territory -- Periodicals; Revenue sharing -- Northern Territory -- Periodicals
Northern Territory Grants Commissions
Darwin
https://hdl.handle.net/10070/247588
https://hdl.handle.net/10070/575435
45 Annual Report N O R TH ER N TER R ITO R Y G R A N TS CO M M ISSIO N Notes to and forming part of the financial statements are attached. Statement by accountable officer In my opinion: (i) The accompanying income statement presents fairly Northern Territory Grants Commissions transactions for the reporting year ended 30 June 2011. The financial statements are based on proper accounts and records and are in agreement with the accounts and have been properly drawn up so as to present fairly the transactions of the Northern Territory Grants Commission for the reporting year ended 30 June 2011 and its financial position at that date. (ii) The accompanying balance sheet presents fairly the Northern Territory Grants Commissions state of affairs at the end of the reporting year; and (iii) The financial statements are in accordance with applicable accounting standards. Peter Thornton Accountable Officer 12 October 2011 NORTHERN TERRITORY GRANTS COMMISSION Balance sheet as at 30 June 2011 2010 ($) 2011 ($) Assets Nil Nil Liabilities Nil Nil Income statement for the year ended 30 June 2011 Income Nil Nil Expenditure Nil Nil Notes to and forming part of the financial statements for the year ended 30 June 2011. 1. The Commission was established under the provision of the Local Government Grants Commission Act, which came into operation on 1 July 1986, in order to comply with the requirements of the then Local Government (Financial Assistance) Act 1986. 2. The Commissions activity is to make recommendations to the Minister for Local Government, in respect of the amounts of money to be allocated to local governing bodies from the money provided to the Territory under the Commonwealths Local Government (Financial Assistance) Act 1995. Funds for this purpose were appropriated to the Northern Territory Department of Housing, Local Government and Regional Services. Allocations of general purpose grants and road grants recommended for distribution were: 3. The costs of operation of the Commission, which are met from the funds appropriated to the Department of Housing, Local Government and Regional Services, were $209 824.75 (2009-10: $183 697.47). An allowance has been made for the salary cost of administrative support provided by the Department of Housing, Local Government and Regional Services. 4. The Commission did not acquire any assets during the period covered by the financial statements. Recommendation for distribution in 2010-11 Less advance payment of 2011-12 paid in 2010-11 Total recommendation for 2011-12 Recommendation for distribution in 2010-11 General Purpose Grants 15 332 751 3 817 631 11 515 120 14 833 353 Road Grants 15 542 123 3 863 110 11 679 013 14 993 953 Total $30 874 874 $7 680 741 $23 194 133 $29 827 306