Page 5517 - Week 14 - Thursday, 30 November 2017
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(8) As at 30 June 2017, when the fund stood at $36.9 million, how much was held in (a) bank accounts and (b) in investments.
(9) Were the bank accounts interest-bearing.
(10) What was the nature of investments held.
(11) How much was spent from the fund, during 2016-17, on (a) fees for attendance at professional development courses and conferences, (b) travel, accommodation and out-of-pocket expenses associated with attendance at professional development courses and conferences, (c) research grants, (d) staffing costs and (e) other costs.
(12) What was the nature of “other costs” referred to in part (11).
(13) What are the acquittal requirements for grants.
(14) What benefits have grant-funded research projects brought directly to service delivery outcomes at ACT hospitals.
Ms Fitzharris: The answer to the member’s question is as follows:
1. a) The responsibility for the administration and b) financial management of the Private Practice Funds are held within the Strategic Finance Branch of ACT Health.
2. The committees who oversee the Private Practice Funds (from private practice work) and Medical Education Expenses funding approvals is made up of three biannually peer elected staff specialists and an ACT Health delegate.
3. a) The current staffing structure is an ASO5, two ASO4 and a SOGB part time role; b) 3 FTE is allocated for administration; c) No volunteers are involved.
4. The fund has been in existence since the early 1980’s after the introduction of Medicare.
5. As per the annual report over the past 3 years the average cash receipts has been $27.902 million and the average cash payments has been $24.424 million.
6. All accounts are included in the annual audit by the ACT Audit Office.
7. There are not separately audited financial statements. Information on the fund is disclosed in a note in the annual report.
8. The funds as at 30 June 2017 were held in; a) bank accounts $22.102 million and b) investments $15.632 million.
9. Yes.
10. The investments are managed by ACT Treasury.
11. During 2016-17 expenditure from the funds was:
a and b) $3.629 million was the combined costs to attend conferences and related professional development for staff specialists and non-staff specialists. This amount includes the estimated costs for approved support that has not yet been acquitted.
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