Section 5: Budgeted financial statements

5.1 Analysis of budgeted financial statements

For 2007-08, the office of the Inspector-General of Taxation (IGT) is expected to consist of a statutory office holder and six staff. The IGT relies upon the support and contribution to reviews of many in the private sector, particularly professional associations and business groups. The cooperation and support of relevant Government agencies is also very important to the achievement of the outcome.

Budgeted departmental financial statements

It is expected that for 2007-08, approximately 50 per cent of the budget allocation will be expended on employee costs, 25 per cent on office accommodation and corporate overheads, and 25 per cent on direct costs associated with completion of the work programme. It is expected that this expenditure pattern will also continue in future years.

5.2 Budgeted financial statements tables

Table 5.1: Budgeted departmental income statement
(for the period ended 30 June)

Table 5.1: Budgeted departmental income statement(for the period ended 30 June)

Table 5.2: Budgeted departmental balance sheet (as at 30 June)

Table 5.3: Budgeted departmental statement of cash flows
(for the period ended 30 June)

Table 5.3: Budgeted departmental statement of cash flows(for the period ended 30 June)

Table 5.4: Departmental statement of changes in equity — summary of movement
(Budget year 2007-08)

Table 5.4: Departmental statement of changes in equity — summary of movement (Budget year 2007-08)

Table 5.5: Departmental capital budget statement

Table 5.6: Departmental property, plant, equipment and intangibles — summary of movement (Budget year 2007-08)

Table 5.7: Schedule of budgeted income and expenses administered on behalf of government
(for the period ended 30 June)