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Funding

This section identifies the Infrastructure and Project Financing Agency's funding structure.

Note 3.1 Appropriations

Note 3.1A: Annual Appropriations (‘Recoverable GST exclusive’)

Annual Appropriations for 2020

Annual Appropriation 1

$

Adjustments to appropriation

$

Total appropriation

$

Appropriation applied in 2020

$

Variance 2

$

Departmental

Ordinary Annual Services

5,725,000

-

5,725,000

5,150,000

575,000

Total departmental

5,725,000

-

5,725,000

5,150,000

575,000

1. No amount of the appropriation has been quarantined for administrative purposes.

2. Variance in the appropriation applied primarily due to timing issues associated with the establishment of IPFA during 2017-18.

3. Departmental 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.

Appropriations for 2019

Annual Appropriation 1

$

Adjustments to appropriation

$

Total appropriation

$

Appropriation applied in 2020

$

Variance 2

$

Departmental

Ordinary Annual Services

4,962,000

-

4,962,000

5,083,000

(121,000)

Total departmental

4,962,000

-

4,962,000

5,083,000

(121,000)

1. No amount of the appropriation has been quarantined for administrative purposes.

2. Variance in the appropriation applied primarily due to timing issues associated with the establishment of IPFA during 2017-18.

3. Departmental 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 3.1B: Unspent Annual Appropriations (‘Recoverable GST exclusive’)

2020

$

2019

$

Departmental

Appropriation Act (No.1) 2019-20

1,339,000

-

Appropriation Act (no. 3) 2018-19

-

764,000

Total departmental

1,339,000

764,000

Note 3.2 Net Cash Appropriation Arrangements

2020

$

2019

$

Total comprehensive income/(loss) less depreciation/amortisation expenses previously funded through revenue appropriations

(337,531)

(118,938)

Total comprehensive income less depreciation/amortisation expenses previously funded through revenue appropriations

-

-

Plus: depreciation/amortisation expenses previously funded through revenue appropriation

(52,457)

(82,992)

Plus: depreciation right-of-use assets

(363,284)

-

Less: principal repayments - leased assets

325,242

-

Total comprehensive income - as per the Statement of Comprehensive Income

(428,029)

(201,930)

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.