Agency Additional Estimates Statements
Department of the Treasury
Section 1: Agency overview and resources
1.1 Strategic direction
There has been no significant change to the strategic direction of the Department of the Treasury (the Treasury) from that outlined in the Portfolio Budget Statements 2009-10 (pages 15-17).
The Treasury is seeking an additional $0.1 million in departmental outputs through Appropriation Bill (No. 3) 2009-10. This relates to an additional $1.0 million for strengthening Australia's relationship with India offset by a reduction of $0.9 million for the whole-of-government departmental efficiencies.
The Treasury is also seeking an additional $0.1 million as an equity injection through Appropriation Bill (No. 4) 2009-10 for strengthening Australia's relationship with India.
1.2 Agency resource statement
Table 1.1 shows the total resources from all origins. The table summarises how resources will be applied by outcome and departmental classification.
Table 1.1: Department of the Treasury resource statement —
additional estimates for 2009-10 as at Additional Estimates November 2009
Table 1.1: Department of the Treasury resource statement —
additional estimates for 2009-10 as at Additional Estimates November 2009 (continued)
1. Appropriation Bill (No. 3) 2009-10.
2. Appropriation Bill (No. 4) 2009-10.
1.3 Agency measures table
Table 1.2 summarises new Government measures taken since the 2009-10 Budget.
Table 1.2: Agency Measures since Budget
Note: Details of these measures are in the Mid-Year Economic and Fiscal Outlook 2009-10.
1. This measure was agreed after the Mid-Year Economic and Fiscal Outlook.
1.4 Additional estimates and variations
Table 1.3 details the additional estimates and variations resulting from new measures since the 2009-10 Budget.
Table 1.3: Additional estimates and variations to outcomes from measures since 2009-10 Budget
Note: These figures represent the fiscal balance impact.
Table 1.4: Additional estimates and variations to outcomes from other variations
The Treasury does not have any other variations since the 2009-10 Budget that affect Appropriation Bills No. 3 and No. 4.
1.5 Breakdown of additional estimates by Appropriation Bill
The following tables detail the additional estimates sought for the Treasury through Appropriation Bills No. 3 and No. 4.
Table 1.5: Appropriation Bill (No. 3) 2009-10
Note: These figures represent the resourcing impact.
Table 1.6: Appropriation Bill (No. 4) 2009-10
Section 2: Revisions to agency outcomes and planned performance
2.1 Resources and performance information
There has been no change to outcomes or the outcome strategy for the Treasury from that included in the Portfolio Budget Statements 2009-10 (pages 33-34).
There has been no change to the program objective, expenses, deliverables or key performance indicators for program 1.2 and programs 1.4 to 1.10 that affect Appropriation Bills No. 3 and No. 4.
For program 1.3, the program objective, expenses, deliverables and key performance indicators have been amended to remove the Australian Business Investment Partnership as legislation was not passed.
Programs 1.4 to 1.10 relate to Australia's Federal Relations. Further details of Australia's Federal Relations are on pages 70 to 128 of the Mid-Year Economic and Fiscal Outlook 2009-10.
Table 2.1: Budgeted expenses and resources for Outcome 1
Program 1.1: Department of the Treasury
There has been no change to the program objective, deliverables or key performance indicators from that included in the Portfolio Budget Statements 2009-10.
Table 2.2: Program resources
Section 3: Explanatory tables and budgeted financial statements
3.1 Explanatory tables
3.1.1 Estimates of special account flows
There has been no change to special account flows that affect Appropriation Bills No. 3 and No. 4.
3.2 Budgeted financial statements
3.2.1 Analysis of budgeted financial statements
The Department of the Treasury is budgeting for a departmental breakeven operating result for 2009-10.
The Department of the Treasury has a sound financial position and currently has sufficient cash reserves to fund provisions and payables, and asset replacement, as they fall due.
3.2.2 Budgeted financial statements
Table 3.2.1: Budgeted departmental comprehensive income statement
(for the period ended 30 June)
Prepared on Australian Accounting Standards basis.
Table 3.2.2: Budgeted departmental balance sheet
(as at 30 June)
Prepared on Australian Accounting Standards basis.
Table 3.2.3: Budgeted departmental statement of cash flows
(for the period ended 30 June)
Prepared on Australian Accounting Standards basis.
Table 3.2.4: Departmental statement of changes in equity —
summary of movement (budget year 2009-10)
Prepared on Australian Accounting Standards basis.
Table 3.2.5: Departmental capital budget statement
Prepared on Australian Accounting Standards basis.
Table 3.2.6: Statement of asset movements — Departmental (2009-10)
Prepared on Australian Accounting Standards basis.
Table 3.2.7: Schedule of budgeted income and expenses administered
on behalf of Government (for the period ended 30 June)
Prepared on Australian Accounting Standards basis.
Table 3.2.8: Schedule of budgeted assets and liabilities administered
on behalf of Government (as at 30 June)
Prepared on Australian Accounting Standards basis.
Table 3.2.9: Schedule of budgeted administered cash flows
(for the period ended 30 June)
Prepared on Australian Accounting Standards basis.
Table 3.2.10: Schedule of Administered Capital Budget
Prepared on Australian Accounting Standards basis.
Notes to the financial statements
The Treasury's budgeted statements are prepared on an accrual basis in accordance with:
- the Government's financial budgeting and reporting framework; and
- Australian Accounting Standards and Interpretations issued by the Australian Accounting Standards Board.
Under the Government's accrual budgeting framework, and consistent with Australian Accounting Standards, transactions that departments control (departmental transactions) are separately budgeted for, and reported on, from transactions departments do not have control over (administered transactions). This ensures that departments are only held accountable for the transactions over which they have control.
Departmental assets, liabilities, revenues and expenses are controlled by the department. Departmental expenses include employee and supplier expenses and other administrative costs, which are incurred by the department in providing goods and services.
Administered items are revenues, expenses, assets or liabilities which are managed by the department on behalf of the Government according to set government directions. Administered expenses include subsidies, grants and personal benefit payments, and administered revenues include taxes, fines and excises.
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