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Financial result

In 2019–20, the ABCC had a strong focus on financial management to ensure efficient and effective use of resources. The total income for the agency was $33.365 million for 2019–20, which included appropriation funding of $33.162 million. The agency incurred total expenses of $33.043 million. As a result, the ABCC recorded a surplus of $0.322 million in 2019–20.

Major expenses for the agency include employee benefits (58 per cent), legal expenses (14 per cent) and information and communications technology (6 per cent), which represented a similar expenditure pattern to 2018-19. Although the cost of employee benefits is relatively predictable, the legal expenses category is subject to volatility depending on the number, nature and complexity of legal matters. Legal expenses decreased by $0.034 million compared to 2018–19 and remained within budget.

The agency resource statement (Table 23) summarises the total resources in comparison to the total payments made during the year. The expenses and resources table (Table 24) details the expenses by outcome.

Table 23: Agency resource statement

Actual available appropriation for 2019–20

$’000

(a)

Payments made 2019–20

$’000

(b)

Balance remaining 2019–20

$’000

(a - b)

Ordinary annual services*

Departmental appropriation^

79,359

31,174

48,185

Total ordinary annual services

79,359

31,174

48,185

Other services

Departmental non-operating

Equity injections

-

-

-

Total other services

-

-

-

Total available annual appropriations

79,359

31,174

48,185

Total net resourcing for the ABCC

79,359

31,174

48,185

*Appropriation Act (No.1) 2019–20. This may also include prior-year departmental appropriation and section 74 retained revenue receipts.

^Includes an amount of $0.440 million in 2019–20 for the departmental capital budget. For accounting purposes, this amount has been designated as ‘contributions by owners’.

Table 24: Expenses and resources for Outcome 1

Outcome 1: Enforce workplace relations laws in the building and construction industry and ensure compliance with those laws by all participants in the building and construction industry through the provision of education, assistance and advice.

Budget

2019–20

$’000

(a)

Actual expenses

2019–20

$’000

(b)

Variation

$’000

(a - b)

Program 1.1: Education, compliance and enforcement - to educate building industry participants in order to promote compliance with workplace laws.

Departmental expenses

Departmental appropriation*

33,162

29,276

3,886

Section 74 Retained revenue receipts (a)

405

203

202

Expenses not requiring appropriation in the budget year

1,305

3,564

(2,259)

Total for Program 1.1

34,872

33,043

1,829

Total expenses for Outcome 1

34,872

33,043

1,829

2019–20

Average staffing level (number)

142

* Budget information reflects budgets as set out in the Portfolio Budget Statements 2019–20 (Table 2.1.1).