Page 5292 - Week 13 - Tuesday, 15 November 2011
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outlined in instruments signed by me as Treasurer. As required by the act, I table a copy of a recent authorisation made to the rollover appropriation from the 2010-11 to 2011-12 financial years.
This package includes one instrument signed under section 16B. The appropriation being rolled over was not disbursed in the 2010-11 financial year and is still required in the 2011-12 financial year for the completion of the projects identified in the instrument. The instrument authorises the rollover of $692,000 in a controlled capital injection for the Exhibition Park Corporation. This rollover relates to capital works projects for which the timing of delivery has been delayed, specifically the installation of the electronic billboard and the project to use non-potable water to irrigate the Exhibition Park venue.
Specific details relating to this rollover are provided in the instrument. I commend the papers to the Assembly.
Financial Management Act—consolidated financial report
Paper and statement by minister
MR BARR (Molonglo—Deputy Chief Minister, Treasurer, Minister for Economic Development, Minister for Education and Training and Minister for Tourism, Sport and Recreation)(3.14): For the information of members, I present the following paper:
Financial Management Act, pursuant to section 25—Consolidated Annual Financial Statements, including audit opinion—2010-2011 financial year, dated 26 and 28 September 2011.
I ask leave to make a statement in relation to the paper.
Leave granted.
MR BARR: I am pleased to present to the Assembly the 2010-11 consolidated annual financial statements for the territory. I am pleased to advise that the consolidated statements have again received an unqualified opinion from the Auditor-General.
The final 2010-11 headline debt operating balance for the general government sector is a surplus of $22.9 million. This is a positive outcome for the territory, again highlighting the government’s disciplined approach to the management of the territory’s finances and a commitment to financial control across the sector.
This result broadly aligns with the estimated outcome of the budget.
Mr Smyth interjecting—
MR ASSISTANT SPEAKER (Mr Hargreaves): Order, members! Mr Smyth, you may be amused but do not share it, please.
MR BARR: Key financial indicators in the balance sheet demonstrate the continued strength of the territory’s financial position, as indicated by net worth, which has
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