House of Representatives Annual Report 2002-03

Annual Report 2002–03

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Departmental Overview

Financial performance

Overview

The 2002–03 Financial Statements show a surplus of $1.17 million. However, the surplus was achieved as a result of a technical accounting issue of bringing into the accounts the balances in two trust funds that previously were regarded as separate from the department's account. Without this additional revenue, there would have been a loss. The underlying loss resulted from increased expenses associated with the introduction of additional security measures at Parliament House, in response to the changed security environment, and the additional demand for departmental services that is usual in a non-election year. We expect the surplus of $4.5 million made in financial year 2001–02, when the federal election resulted in a reduced demand for our services, to offset the loss made in 2002–03. Although our budgetary position will be tight next financial year as legislative and committee activity reaches a peak at the end of the Fortieth Parliament, we expect to break even over the term of the Fortieth Parliament.

The capital use charge was abolished in 2002–03. This will result in a future reduction in revenue of approximately $1.7 million.

Figure 4 provides comparative information on the department's financial performance for the period 1999–2000 to 2002–03. Table 1 provides a summary of the department's financial resources for 2002–03.

Figure 4 Financial performance 1999–2000 to 2002–03

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Oracle Financials, the department's new financial management information system, was implemented during the financial year. Ongoing enhancements will assist managers with their decision making.

Table 1 Summary of resources for Outcome 1
	Budget 2002–03 $'000	Actual 2002–03 $'000	Variance $'000
Total administered expenses	20,477	21,477	1,000
Price of departmental outputs
Output groups
1. Chamber, Main Committee and community awareness	5,246	3,563	(1,683)
2. Committee services and parliamentary relations	9,856	10,001	145
3. Members' services	13,770	16,697	2,927
Revenue from Government (Appropriations) for departmental Outputs	28,872	30,261	1,389
Revenue from other sources	555	414	(141)
Resources received free of charge	3,849	4,860	1,011^(a)
Total price of departmental outputs	33,276	35,535	2,259
TOTAL FOR OUTCOME^(a)	53,753	57,012	3,259
	Budget 2002–03	Actual 2002–03
Total Staff	232	225	(7)

^(a) Actual resources received free of charge calculated differently in 2002–03.

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