Go to top of page

Administered Reconciliation Schedule

for the period ended 30 June 2018

2018

2017

$'000

$'000

Opening assets less liabilities as at 1 July

20,541,182

24,467,322

Net (cost of)/contribution by services

Income

1,956,257

2,231,669

Expenses

Payments to entities other than corporate Commonwealth entities

(133,947,239)

(94,493,707)

Payments to corporate Commonwealth entities

-

-

Other comprehensive income

Revaluations transferred to reserves

3,464,067

(2,170,851)

Transfers (to)/from Australian Government

Appropriation transfers from OPA

Administered assets and liabilities appropriations

-

-

Annual appropriation for administered expenses

Payments to entities other than corporate Commonwealth entities

24,348

40,527

Payments to corporate Commonwealth entities

-

-

Special appropriations (limited)

Payments to entities other than corporate Commonwealth entities

-

-

Special appropriations (unlimited)

Payments to entities other than corporate Commonwealth entities

87,987,721

81,633,062

Special accounts - COAG Reform Fund

11,061,506

12,456,508

Special accounts - Medicare Guarantee Fund

34,774,894

-

Refunds of receipts (s77 PGPA)

9

2

Appropriation transfers to OPA

Transfers to OPA - appropriations

(1,493,880)

(3,533,098)

Transfers to OPA - special accounts

(494,898)

(90,252)

Restructuring

-

-

Closing assets less liabilities as at 30 June

23,873,967

20,541,182

The above 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 Treasury for use by the Government rather than the Treasury 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 appropriations on behalf of the Government. These transfers to and from the OPA are adjustments to administered cash held by the Treasury on behalf of the Government and reported as such in the schedule of administered cash flows and in the administered reconciliation schedule.