Page 4033 - Week 15 - Wednesday, 16 December 1992
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DEPARTMENT OF URBAN SERVICES - REPORT FOR 1991-92
Paper and Ministerial Statement
MR CONNOLLY (Attorney-General, Minister for Housing and Community Services and Minister for Urban Services): Madam Speaker, for the information of members, I present the revised annual report of the Department of Urban Services and seek leave to make a short statement.
Leave granted.
MR CONNOLLY: Madam Speaker, I present the revised edition of the Department of Urban Services annual report for 1991-92, including the financial statements and Auditor-General's report, and the financial statements and audit report for ACTION's ACT Transport Trust Account. The initial version of the report which was tabled in the Assembly on 22 October 1992 contained draft financial statements for the department. These statements and those for ACTION were subject to auditing by the Auditor-General. Audit certificates have since been issued and the final statements are included in this annual report.
The audit of ACTION's financial statements resulted in a number of accounting changes to the final result for 1991-92. The increased deficit at page 16 reflects the adjustments to previous years in the accounting treatment of the depreciation of buses in line with accounting standard AAS10, the revised accounting treatment of bus refurbishment costs and the write-back of occupational superannuation liability. The 1991-92 accounts also include a number of new costs as a result of the transfer of the personnel unit from the Corporate Services Bureau, amounting to $0.36m, an increase in the level of ACT petroleum franchise payments of $0.56m and payment for the first time of the fringe benefits tax of $50,000 which was previously paid centrally.
The accounting adjustments which are not funded increased the 1991-92 ACTION deficit from the initially reported $74.492m to $76.184m. The actual government contribution to ACTION, however, remains unchanged at $46.16m. In real terms, and taking out the first-time costs, this is a reduction of $1.63m or 3.5 per cent when compared to 1990-91. Adding the savings in the cost of school bus services worth $0.3m in 1991-92, the total saving achieved in 1991-92 is $1.93m.
PLANNING, DEVELOPMENT AND INFRASTRUCTURE -
STANDING COMMITTEE
Report on Casino Premium - Government Response
MS FOLLETT (Chief Minister and Treasurer) (5.51): Madam Speaker, I ask for leave of the Assembly to make a ministerial statement on the Government's response to the report of the Standing Committee on Planning, Development and Infrastructure on the possible use of the $19m casino premium.
Leave granted.
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