National Capital Authority

Section 3: Explanatory tables and budgeted financial statements

3.1: Explanatory tables

Estimates of special account flows and balances

The NCA does not maintain Special Accounts.

3.2: Budgeted financial statements

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 2016–17, is provided below.

Departmental
Departmental comprehensive income statement

Revenue from Government over the budget and forward years has been adjusted to take account of indexation and efficiency dividends plus other decisions of government. Revenue from other sources principally reflects the recovery of costs for the provision of services and lease rental income.

Funds received from a settlement during 2015-16 were recognised as revenue, resulting in an increased surplus for that period. Expenditure of the funds will occur during 2016–17 and two forward years, producing an operating loss for those periods. As a result, the NCA is budgeting for an operating loss of $0.2m in 2016–17, adjusted for depreciation and amortisation expense.

Budgeted departmental balance sheet

The reduction in the NCA’s departmental budgeted net asset position in 2016–17 and forward years is largely due to higher depreciation expenses on capital assets than the funding received for asset replacement.

Administered
Schedule of budgeted income and expenses administered on behalf of government

Revenue from administered activities primarily includes pay parking revenue, lease rentals on diplomatic land and user charges returned to the Budget.

The reduction in revenue since budget 2016–17 is as a result of ongoing reductions of parking spaces and generally lower occupancy rates for pay parking across the Parliamentary Triangle.

The NCA has an additional $0.935m available to its administered operations in 2016–17 as a result of unexpended funding moved forward from 2015–16 relating to the pay parking program.

Schedule of budgeted assets and liabilities administered on behalf of government

The reduction in the NCA’s administered net asset position in 2016–17 and forward years is largely due to higher depreciation expenses than the funding received to replace and upgrade existing assets.

3.2.2: Budgeted financial statements tables

Table 3.2: Comprehensive income statement (showing net cost of services) (for the period ended 30 June)

Table 3.3: Budgeted departmental balance sheet (as at 30 June)

Table 3.4: Departmental statement of changes in equity—summary of movement (Budget year 2016–17)

Table 3.5: Budgeted departmental statement of cash flows (for the period ended 30 June)

Table 3.6: Departmental capital budget statement (for the period ended 30 June)

 Table 3.7: Statement of asset movements (Budget year 2016–17)

Table 3.8:  Schedule of budgeted income and expenses administered on behalf of Government (for the period ended 30 June)

Table 3.9:  Schedule of budgeted assets and liabilities administered on behalf of Government (as at 30 June)

Table 3.10:  Schedule of budgeted administered cash flows (for the period ended 30 June)

Table 3.11:  Administered capital budget statement (for the period ended 30 June)

Table 3.12:  Schedule of administered asset movements (Budget year 2016–17)

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