National Capital Authority
Section 3: Explanatory tables and budgeted financial statements
Section 3 presents explanatory tables and budgeted financial statements which provide a comprehensive snapshot of entity finances for the 2015–16 budget year. It explains how budget plans are incorporated into the financial statements and provides further details of the reconciliation between appropriations and programme expenses, movements in administered funds, special accounts and government Indigenous expenditure.
3.1: Explanatory tables
3.1.1: Movement of administered funds between years
This table is not provided as the NCA does not have any movement of administered funds between years to report.
3.1.2: Special Accounts
This table is not provided as the NCA does not maintain Special Accounts.
3.1.3: Australian Government Indigenous Expenditure
This table is not provided as the NCA does not have any Indigenous specific expenses.
3.2.1: Differences in entity resourcing and financial statements
The entity resource statement (Table 1.1) provides a consolidated view of all the resources available to the entity in 2015–16. This includes operating appropriation, equity injections and appropriation receivable that is yet to be drawn down to cover payables and provisions on the balance sheet. For departmental items, operating appropriation is shown as Revenue from Government in the Comprehensive Income Statement (Table 3.2.1), while equity injections are shown as a capital budget in the Statement of Changes in Equity (Table 3.2.3).
3.2.2: Analysis of budgeted financial statements
Departmental comprehensive income statement
The NCA is budgeting for a break-even operating result, adjusted for depreciation and amortisation expense, in 2015–16 and the forward years.
Revenue from Government in 2015–16 remains relatively consistent from 2014–15 reflecting decisions of the Government.
Revenue from other sources principally reflects the recovery of costs for the provision of services and rental income.
Budgeted departmental balance sheet
The reduction in NCA's departmental budgeted net asset position in 2015–16 and forward years is largely due to higher depreciation expenses on capital assets than the funding received for asset replacement.
Schedule of budgeted income and expenses administered on behalf of Government
In 2015–16 the NCA will receive appropriation of:
- $13.8 million for activities it administers on behalf of the Government. This appropriation is directly linked to the administered capital budget and will be used to replace and upgrade existing administered assets; and
- $2.9 million for supplier expenses including the insurance premium for risks associated with assets on National Land and operating expenses associated with the administration of the pay parking programme.
In 2015–16, revenue from administered activities primarily includes pay parking revenue, lease revenue on diplomatic land and user charges returned to the Budget
Schedule of budgeted assets and liabilities administered on behalf of the Government
The reduction in NCA's administered net asset position in 2015–16 and forward years is largely due to higher depreciation expenses than the funding received to replace and upgrade existing assets.