Next page . . . . Previous page . . . . Speeches . . . . Contents . . . . Debates(HTML) . . . .

Legislative Assembly for the ACT: 1999 Week 6 Hansard (22 June) . . Page.. 1718 ..

Chapter 5-Treasurer

INTRODUCTION

The Treasury is responsible for the development, coordination and implementation of ACT financial and budget strategies, intergovernmental financial arrangements, administration of the capital works program and collection of taxes and municipal rates.

Treasury did not fully reconcile its bank accounts during 1993-94;

$252,646 remains outstanding from Departments as reimbursement to the 'Credit Card Settlement Account' for expenditure incurred by departments from 1989 to 1992 through the use of credit cards. If reimbursement is not obtained from the departments, then alternate funding of this liability needs to be obtained, such as through a special appropriation;

the Treasury financial statements were the most untimely, in both

drafting and completion, of all departmental financial statements for

1993-94; and

there is a limited number of qualified accounting officers in Treasury in the areas which are responsible for matters relating to the performance of accounting and financial reporting functions.

The 1993-94 financial statements for Treasury were signed by the Under-Treasurer on 19 October 1994. A qualified audit opinion was provided to the Treasurer on 19 October 1994. The Treasury Annual Report which included the audited financial statements was provided to Legislative Assembly Members on 20 October 1994.