Annual Report 2000/2001 Territory Housing
Tabled paper 154
Tabled Papers for 9th Assembly 2001 - 2005; Tabled papers for 9th Assembly 2001 - 2005; Tabled papers; ParliamentNT
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Territory Housin Notes to and forming part of the Financial Statements For the Year ended 30 June 2001. Note 1 Statement of Accounting Policies 1.1 Accounting Entity Territory Housing is a separate administrative unit o f the Northern Territory Government. Monies received and paid are made on behalf o f the Government. 1.2 Basis of Accounting (a) Receipts and Expenditure Statements The accounting records have been kept on a cash basis and represents monies paid o r received during the financial year This policy has been consistently applied. (b) Debtors Statement The statement has been prepared on an accrual basis. It represents credit billing issued by the Department that are outstanding as at 30 June 2001. (c) Creditors and Accruals Statement The statement has been prepared on an accrual basis. It represents unpaid invoices and non-invoiced orders fo r goods and services received, as at 30 June 2001. Note 2 Variations 2 .1 Expenditure by Activity and Program (a) Housing Funding This program represents funding to Territory Housing under the Commonwealth State Housing Agreement and paid to Territory Housing Business Services.The higher amount in 2000-2001 results from a three year increase to Commonwealth State Housing Agreement funding effective from I July 2001. (b) Housing Business Services The variation between years is primarily due to a transfer o f functions and resources to Territory Housing Business Services.
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