Note 4 Funding
This section identifies AFMA's funding structure.
Note 4.1 Appropriations | |||||
Note 4.1A: Annual Appropriations ('Recoverable GST exclusive') | |||||
Annual Appropriations for 2020 | |||||
Appropriation applied in 2020 (current and prior years) | |||||
Annual Appropriation | Adjustments to appropriation | Total Appropriation | Variance 1 | ||
$'000 | $'000 | $'000 | $'000 | $'000 | |
Departmental | |||||
Ordinary annual services | 19,890 | 0 | 19,890 | 19,890 | 0 |
Departmental Capital Budget 2 | 455 | 0 | 455 | 455 | 0 |
Equity injections | 0 | 0 | 0 | 0 | 0 |
Total departmental | 20,345 | 0 | 20,345 | 20,345 | 0 |
Administered | |||||
Ordinary annual services | |||||
Administered items 1 | 5,588 | 0 | 5,588 | 700 | 4,888 |
Total administered | 5,588 | 0 | 5,588 | 700 | 4,888 |
Notes | |||||
1The variance of $4,888,000 for Administered funds remained as unspent and will be returned to consolidated revenue. 2Departmental Capital Budgets are appropriated through Appropriation Acts (No 1, 3, 5). They form part of ordinary annual services and are not separately identified in the Appropriation Acts. | |||||
Annual Appropriations for 2019 | |||||
Appropriation applied in 2019 (current and prior years) | |||||
Annual Appropriation | Adjustments to appropriation | Total appropriation | Variance 1 | ||
$'000 | $'000 | $'000 | $'000 | $'000 | |
Departmental | |||||
Ordinary annual services | 19,908 | 0 | 19,908 | 19,908 | 0 |
Departmental Capital Budget 2 | 781 | 0 | 781 | 972 | -191 |
Equity injections | 0 | 0 | 0 | 150 | -150 |
Total departmental | 20,689 | 0 | 20,689 | 21,030 | -341 |
Administered | |||||
Ordinary annual services | |||||
Administered items 1 | 5,506 | 0 | 5,506 | 437 | 5,069 |
Total administered | 5,506 | 0 | 5,506 | 437 | 5,069 |
Notes: | |||||
1The variance of $5,069,000 for Administered funds remained as unspent and will be returned to consolidated revenue. In 2018-19 AFMA spent available DCB from current and previous years, including unspent equity injections on the Majura Park office fit-out. 2Departmental Capital Budgets are appropriated through Appropriation Acts (No 1, 3, 5). They form part of ordinary annual services and are not separately identified in the Appropriation Acts. | |||||
Note 4.1B: Unspent Annual Appropriations ('Recoverable GST exclusive') | |||||
2020 | 2019 | ||||
$'000 | $'000 | ||||
Departmental | |||||
Cash and Cash equivalents | 435 | 298 | |||
Total departmental | 435 | 298 | |||
Administered | |||||
Appropriation Act (No. 1) 2019-20 | 2,931 | 0 | |||
Supply Act (No. 1) 2019-20 | 2,329 | 0 | |||
Appropriation Act (No. 1) 2018-19 | 4,697 | 5,069 | |||
Appropriation Act (No. 1) 2017-18 | 4,334 | 4,334 | |||
Appropriation Act (No. 1) 2016-17 | 0 | 648 | |||
Supply Act (No. 1) 2016-17 | 1,464 | ||||
Total administered | 14,291 | 11,515 | |||
Note 4.1C: Special Appropriations ('Recoverable GST exclusive') | |||||
Appropriation applied | |||||
2020 | 2019 | ||||
Authority | Type | Purpose | $'000 | $'000 | |
Assistance for Severely Affected Regions (Special Appropriation) (Coronavirus Economic Response Package) Act 2020. | Limited Amount | An Act to appropriate money for community, regional and industry support as part of the Coronavirus Economic Response, and for related purposes | 10,334 | 0 | |
Total | 10,334 | 0 | |||
Note 4.2: Special Accounts | |||||
AFMA Special Account (Departmental)1 | AFMA Services for Other Entities and Trust Moneys Special Account (Special Public Money)2 | ||||
2020 | 2019 | 2020 | 2019 | ||
$'000 | $'000 | $'000 | $'000 | ||
Balance brought forward from previous period | 8,959 | 14,238 | 311 | 254 | |
Increases: | |||||
Appropriation for reporting period | 20,345 | 21,030 | 0 | 0 | |
Levies and Licensing Charges (Fisheries Administration Act 1991 - Section 94C) | 6,886 | 13,888 | 0 | 0 | |
Special appropriation (Assistance for Severely Impacted Regions) | 10,334 | 0 | 0 | 0 | |
Other receipts | 4,367 | 7,532 | 0 | 66 | |
Total increases | 41,932 | 42,450 | 0 | 66 | |
Available for payments | 50,891 | 56,688 | 311 | 320 | |
Decreases: | |||||
Employee payments | -19,605 | -20,472 | 0 | 0 | |
Supplier payments | -19,053 | -21,106 | 0 | 0 | |
Interest payments on lease liabilities | -108 | 0 | 0 | 0 | |
Purchase of property, plant and equipment | -634 | -6,151 | 0 | 0 | |
Principal repayments on lease liabilities | -884 | ||||
Repayments debited from the special account | 0 | 0 | -75 | -9 | |
Total decrease | -40,285 | -47,729 | -75 | -9 | |
Total balance carried to the next period | 10,606 | 8,959 | 236 | 311 | |
Balance represented by: | |||||
Cash - held in the Official Public Account | 10,171 | 8,661 | 0 | 0 | |
Cash - held by the agency | 435 | 298 | 236 | 311 | |
Total balance carried to the next period | 10,606 | 8,959 | 236 | 311 | |
1. Appropriation: Public Governance, Performance and Accountability Act 2013; section 80. Establishing Instrument: Fisheries Administration Act 1991; section 94B. Purpose: Payment or discharge of the costs, expenses or other obligations incurred in the performance or exercise of the functions and powers of the Authority.
2. Appropriation: AFMA Services for Other Entities and Trust Moneys Special Account (Special Public Money) Establishing Instrument: Public Governance, Performance and Accountability Act 2013; section 78. Purpose: For amounts that are held on trust or otherwise for the benefit of a person other than the Commonwealth.
3. The closing balance of AFMA Services for Other Entities and Trust Moneys Special Account represents amounts held in trust. See 7.2A Assets Held in Trust for more information.
Note 4.3 Regulatory Charging Summary | ||
2020 | 2019 | |
$'000 | $'000 | |
Amounts applied | ||
Departmental | ||
Special appropriations (including special accounts) | 15,361 | 14,830 |
Total amounts applied | 15,361 | 14,830 |
Expenses | ||
Departmental | 14,089 | 14,887 |
Total expenses | 14,089 | 14,887 |
Revenue | ||
Departmental | 15,361 | 14,830 |
Total revenue | 15,361 | 14,830 |
Cost recovered activities:
AFMA undertakes cost recovered activities for the provision of Fisheries Management functions within the Commonwealth fisheries sector, including the following activities:
- Management of Domestic Commercial Fisheries
- Data collection and management
- Research
- Licensing/Registration and Revenue Collection
- Policy Support
AFMA’s Cost Recovery Implementation Statement (CRIS) describes how AFMA will charge fishing concession holders for the management of Commonwealth fisheries. The AFMA CRIS can be found at www.afma.gov.au.
Note 4.4: Net Cash Appropriation Arrangements
2020 | 2019 | |
$’000 | $’000 | |
Total comprehensive income less depreciation/amortisation expenses previously funded through revenue appropriations | 3,158 | -2,685 |
Plus: depreciation/amortisation expenses previously funded through revenue appropriation 1 | 748 | 717 |
Plus: depreciation right-of-use assets | 1,089 | - |
Less: principal repayments - leased assets | -884 | - |
Total comprehensive surplus/(deficit) as per the Statement of Comprehensive Income | 2,205 | -3,403 |
1Depreciation and amortisation expenditure represented above refers to the government funded portion of AFMA's total depreciation and amortisation charges. In 2019-20 AFMA received $289,000 (2018-19: $401,000) in funding for depreciation and amortisation through cost recovery arrangements.
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.
Visit
https://www.transparency.gov.au/annual-reports/australian-fisheries-management-authority/reporting-year/2019-20-43