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5. Funding

This section identifies the funding structure of ACIAR.

5.1 Appropriations

5.1A Annual appropriations

Annual appropriations for 2020 (recoverable GST exclusive)

Annual appropriation1

Section 74 adjustments to appropriation

Total appropriation

Appropriation applied in 2020 (current and prior years)

Variance2

$'000

$'000

$'000

$'000

$'000

DEPARTMENTAL

Ordinary annual services

9,312

2,230

11,542

11,313

229

Capital budget3

243

-

243

243

-

Total departmental

9,555

2,230

11,785

11,556

229

ADMINISTERED

Ordinary annual services

Administered items

92,151

-

92,151

91,625

526

Total administered

92,151

-

92,151

91,625

526

1In 2019–20, there were no appropriations quarantined.

2In 2019–20, Departmental variance relates to the movement in appropriation receivable between the current and prior financial year, and Administered variance is not considered material.

3Departmental and Administered capital budgets are appropriated through Appropriation Acts (No.1,3). They form part of ordinary annual services, and are not separately identified in the Appropriation Acts.

Annual appropriations for 2019

Annual appropriation1

Section 74 adjustments to appropriation

Total appropriation

Appropriation applied in 2019 (current and prior years)

Variance2

$'000

$'000

$'000

$'000

$'000

DEPARTMENTAL

Ordinary annual services

9,302

2,650

11,952

12,266

(314)

Capital budget3

245

-

245

252

(7)

Total departmental

9,547

2,650

12,197

12,518

(321)

ADMINISTERED

Ordinary annual services

Administered items

97,965

-

97,965

97,612

353

Total administered

97,965

-

97,965

97,612

353

1In 2018–19, there was an unspent 2015-16 equity injection ($131K) which expired on 1 July 2018.

2In 2018–19, the variances reflect:

  • Ordinary annual services- ACIAR use of available appropriation for the upgrade of aged IT hardware.
  • Capital budget - the overspend is offset by a corresponding underspend in 2017-18 financial years.

3Departmental and Administered capital budgets are appropriated through Appropriation Acts (No.1,3). They form part of ordinary annual services, and are not separately identified in the Appropriation Acts.

5.1B Unspent annual appropriations

Unspent annual appropriations (recoverable GST exclusive)

Authority

2020

2019

$’000

$’000

DEPARTMENTAL

Appropriation Act (No 1) 2018–19

-

3,231

Appropriation Act (No 1) 2019–20

3,460

-

Cash on hand or on deposit

12

12

Total

3,472

3,243

ADMINISTERED

Appropriation Act (No 1) 2017–18

416

416

Appropriation Act (No 1) 2018–19

141

2,360

Appropriation Act (No 1) 2019–20

2,745

-

Cash on hand or on deposit

10

10

Total

3,312

2,786

5.2 Special accounts

Special accounts (recoverable GST exclusive)

ACIAR Special Account1

2020

2019

$’000

$’000

Balance brought forward from previous period

8,851

13,171

Increases

Other receipts

11,460

13,257

Total increases

11,460

13,257

Available for payments

20,311

26,428

Decreases

Administered

Payments made to suppliers

(12,802)

(17,577)

Total administered

(12,802)

(17,577)

Total decreases

(12,802)

(17,577)

Total balance carried to the next period

7,509

8,851

Balance represented by:

Cash held in the Official Public Account

7,509

8,851

Total balance carried to the next period

7,509

8,851

1Appropriation: Public Governance, Performance and Accountability Act 2013 section 80

Establishing Instrument: Australian Centre for International Agricultural Research Act 1982 section 33

Purpose: For crediting amounts received from time to time to cover the discharge of costs.

5.3 Net cash appropriation arrangements

2020

2019

$’000

$’000

Total comprehensive loss as per statement of comprehensive income

(274)

(373)

Plus: depreciation/amortisation expenses previously funded through revenue appropriation

610

482

Plus: depreciation right-of-use assets

800

-

Less: principal repayments - leased assets

(684)

-

Total comprehensive income less expenses previously funded through revenue appropriations

452

109

Change in asset revaluation reserve

(133)

49

Surplus attributable to the Australian Government less expenses previously funded through revenue appropriation

319

158

From 2010-11, the Government introduced net cash appropriation arrangements, where revenue appropriations for depreciation/amortisation expenses ceased. Entities now receive a separate capital budget provided through equity appropriations. Capital budgets are to be appropriated in the period when cash payment for capital expenditure is required.

The inclusion of depreciation/amortisation expenses related to ROU leased assets and the lease liability principle repayment amount reflects the cash impact on implementation of AASB 16 Leases, it does not directly reflect a change in appropriation arrangements.