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Administered schedules

Administered Schedule of Comprehensive Income for the period ended 30 June 2021

Notes

2021

2020

Original Budget1

$'000

$'000

$'000

NET COST OF SERVICES

EXPENSES

Political Party / nominations refunds / Non Voter Fines Refunds

505

0

0

Total expenses

505

0

0

INCOME

Revenue

Non-taxation revenue

Electoral fines/penalties

169

2,847

33

Political Party funding

181

9,017

0

Other

44

5

0

Total non-taxation revenue

394

11,869

33

Total revenue

394

11,869

33

Net contribution by services

-111

11,869

33

(Deficit) / Surplus

-111

11,869

33

This schedule should be read in conjunction with the accompanying notes.

Budget Variances Commentary

The AEC's administered expenses and revenue were higher than anticipated due to the two by-elections conducted during the financial year.

Administered Schedule of Assets and Liabilities as at 30 June 2021

There are no assets and liabilities as at 30 June 2021 (2020: Nil).

This schedule should be read in conjunction with the accompanying notes.

Administered Reconciliation Schedule

Administered Reconciliation Schedule

Notes

2021

2020

Original Budget1

$'000

$'000

$'000

Opening assets less liabilities as at 1 July

0

-24,704

0

Net cost of/(contribution by) services:

Income

394

11,869

0

Less: Expenses

505

0

0

Transfers (to)/from the Australian Government:

Appropriation transfers from Official Public Account

Special appropriations (limited)

505

15,984

0

Appropriation transfers to OPA

Transfers to OPA

-394

-3,149

0

Closing assets less liabilities as at 30 June

0

0

This schedule should be read in conjunction with the accompanying notes.

Accounting Policy

Administered Cash Transfers to and from the Official Public Account

Revenue collected by the AEC for use by the Government rather than the AEC is administered revenue. Collections are transferred to the Official Public Account (OPA) maintained by the Department of Finance. Conversely, cash is drawn from the OPA to make payments under Parliamentary appropriation on behalf of Government. These transfers to and from the OPA are adjustments to the administered cash held by the entity on behalf of the Government and reported as such in the schedule of administered cash flows and in the administered reconciliation schedule.

Administered Cash Flow Statement

Notes

2021

2020

$'000

$'000

OPERATING ACTIVITIES

Cash received

Electoral fines/penalties

169

2,847

Political Party funding

181

0

Other

44

5

Total cash received

394

2,852

Cash used

Political Party / nominations refunds

505

15,689

Total cash used

505

15,689

Net cash flows (used by) / from operating activities

-111

-12,837

Cash from Official Public Account

Appropriations

505

15,984

Total cash from official public account

505

15,984

Cash to Official Public Account

Appropriations

-394

-3,149

Total cash to official public account

-394

-3,149

Cash and cash equivalents at the beginning of the reporting period

0

2

Cash and cash equivalents at the end of the reporting period

0

0

This schedule should be read in conjunction with the accompanying notes.