National Capital Authority
Section 3: Explanatory tables and budgeted financial statements
Estimates of special account flows and balances
The NCA does not maintain Special Accounts.
3.2.1: Analysis of budgeted financial statements
An analysis of the NCA's financial position, as reflected in the budgeted departmental financial statements and administered schedules for 2015–16, is provided below.
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. The cost recovery fee for works approval increased effective 1 December 2015 (last reviewed in 1992). The projections for 2015-16 show that the number of high value projects will increase resulting in an increase in other revenue.
Departmental capital budget statement
An increase in current year appropriation moved from forward year's, will be expended during the year against the development of the NCA's new website and integration works for the new works approval e-lodgement project.
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
Revenue from administered activities primarily includes pay parking revenue, lease revenue on diplomatic land and user charges returned to the Budget.
Reduction in revenue since budget 2015-16 is as a result of lower occupancy rate for pay parking.
Schedule of budgeted assets and liabilities administered on behalf of 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.