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Agency resource statement and resources for outcomes

Table 14: Expenses and resources for Outcome 1

Outcome 1: The advancement of macroeconomic

growth and stability and the effective operation

of financial markets, through issuing debt, investing in

financial assets and managing debt, investments and cash

for the Australian Government

Budget(a)

2019-20

$'000

Actual

Expenses

2019-20

$'000

Variation

$'000

Program1.1: Australian Office of Financial Management

Departmental expenses

Departmental appropriation and other receipts

14,190

10,343

3,847

Expenses not requiring appropriation in the
Budget year

870

986

(116)

Administered expenses before
re-measurements

Expenses not requiring appropriation (b)

786,746

543,062

243,684

Special appropriations expenses

Commonwealth Inscribed Stock Act 1911

17,031,587

16,773,803

257,784

Australian Business Securitisation Fund Act 2019

325

-

325

Structured Finance Support (Coronavirus Economic Response Package) Act 2020

(Coronavirus Economic Response Package) Act 2020

-

-

-

Financial Agreement Act 1994

8

8

-

Total expenses for program1.1

17,833,726

17,328,202

505,524

2019-20

2019-20

Average staffing level (number)

47

40

7

(a) The Budget figure for 2019–20 is the estimated expenses reported in Table 2.1 of the 2019–20 Portfolio Budget Statements.

(b) Expenses not requiring an appropriation for 2019‑20 include accounting losses on write‑off of Tasmanian Government housing advances and debt repurchases.

Table 15: AOFM Resource statement

Actual available 2019-20

Net Payments made 2019-20

Appropriations extinguished 2019-20

2019-20

$'000

$'000

$'000

$'000

Ordinary annual services

Departmental appropriation(a)(b)

42,208

11,053

3,038

28,117

Receipts from other sources (s74)(c)

384

-

-

384

Total departmental

42,592

11,053

3,038

28,501

Administered expenses

Total administered

-

-

-

-

Total ordinary annual services

A

42,592

11,053

3,038

28,501

Other services

Departmental non-operating

-

-

-

-

Total other services

B

-

-

-

-

Total available annual appropriations (A+B)

42,592

11,053

3,038

28,501

Special appropriations - operating

Commonwealth Inscribed Stock Act 1911

19,201,734

19,201,734

-

-

Financial Agreement Act 1994

8

8

-

-

Financial Management and Accountability Act 1997

Subtotal

19,201,742

19,201,742

-

-

Special appropriations - investing and financing

Commonwealth Inscribed Stock Act 1911

77,785,341

77,785,341

-

-

Public Governance, Performance and Accountability Act 2013

1,816,365,550

1,816,365,550

Loans Securities Act 1919

-

-

-

Subtotal

1,894,150,891

1,894,150,891

-

-

Total special appropriations

C

1,913,352,633

1,913,352,633

-

-

Total appropriations excluding special accounts (A + B + C)

1,913,395,225

1,913,363,686

3,038

28,501

Special Accounts

Debt Retirement Reserve Trust

45

-

-

45

Structured Finance Support Fund (d)

15,000,000

1,683,985

-

13,316,015

Australian Business Securitisation Fund (e)

250,000

14,686

-

235,314

Total Special Account

D

15,250,045

1,698,671

-

13,551,374

Total net resourcing and

payments for AOFM (A + B + C + D)

1,928,645,270

1,915,062,357

3,038

13,579,875

(a) Actual available appropriation comprises Appropriation Bill (No.1) 2019‑20 plus carried forward appropriation balances as at 1 July 2019.

(b) Includes capital budget appropriation for 2019‑20 of $0.359 million.

(c) Receipts received under section 74 of the Public Governance, Performance and Accountability Act 2013.

(d) Structured Finance Support Fund Special Account was established in March 2020. The special account received its statutory funding of $15 billion on 25 March 2020.

(e) Australian Business Securitisation Fund Special Account was established in April 2019. The special account received its first credit of funding of $250 million on 1 July 2019.