Australian Capital Territory
Financial Management Amendment Guidelines 2005 (No 1)
Disallowable Instrument DI 2005–50
made under the  
Financial Management Act 1996, s67 (Guideline-making power)

The Treasurer makes the following guidelines under the Financial Management Act 1996, section 67 (Guideline-making power)
Dated  27 April 2005.

TED QUINLAN  MLA
Treasurer

Australian Capital Territory
Financial Management Amendment Guidelines 2005 (No 1)
Disallowable instrument DI2005–50
made under the  
Financial Management Act 1996, s67 (Guideline-making power)

1	Name of guidelines
These guidelines are the Financial Management Amendment Guidelines 2005 (No 1).
2	Commencement
(1)	Sections 5 and 7 commence on 1 July 2005.
(2)	The remaining provisions commence on the day after the notification day for the guidelines.
Note	The naming and commencement provisions automatically commence on the notification day (see Legislation Act, s 75 (1)).
3	Guidelines amended
These guidelines amend the Financial Management Guidelines 2002.
4	Sections 6, 7 and 8
substitute
6	Financial statements for Territory budgets‑Act, s 11 (1) (e)
The following financial statements are required:
(a)	an operating statement estimated for the Territory for the year;
(b)	a balance sheet for the Territory at the beginning of the year or, if the proposed budget is presented to the Legislative Assembly before the beginning of the year, a balance sheet that the Territory is expected to have at the beginning of the year;
(c)	a balance sheet that it is planned that the Territory will have at the end of the year;
(d)	a statement of changes in equity estimated for the Territory for the year;
(e)	a cash flow statement estimated for the Territory for the year.
7	Financial statements for departmental budgets‑Act, s 12 (1) (a)
(1)	The following financial statements are required:
(a)	an operating statement estimated for the department for the year;
(b)	a balance sheet for the department at the beginning of the year or, if the proposed budget is presented to the Legislative Assembly before the beginning of the year, a balance sheet that the department is expected to have at the beginning of the year;
(c)	a balance sheet that it is planned that the department will have at the end of the year;
(d)	a statement of changes in equity estimated for the department for the year;
(e)	a cash flow statement estimated for the department for the year.
(2)	An operating statement mentioned in subsection (1) (a) must include-
(a)	an operating statement estimated for each appropriation unit proposed for the department; and
(b)	an operating statement estimated for each class of outputs which it is proposed that the department is to provide during the year.
(3)	Subsection (2) (b) does not apply to the Legislative Assembly Secretariat.
8	Financial statements for public trading enterprise budgets‑Act, s 12A (1)
The following financial statements are required:
(a)	an operating statement estimated for the public trading enterprise for the year;
(b)	a balance sheet for the public trading enterprise at the beginning of the year or, if the proposed budget is presented to the Legislative Assembly before the beginning of the year, a balance sheet that the public trading enterprise is expected to have at the beginning of the year;
(c)	a balance sheet that it is planned that the public trading enterprise will have at the end of the year;
(d)	a statement of changes in equity estimated for the public trading enterprise for the year;
(e)	a cash flow statement estimated for the public trading enterprise for the year.
5	Sections 8B, 8C, 8D, 9, 10 and 11
substitute
8B	Amendment of budgets—Act, s 19F (5)
A budget for a department for a financial year may be amended by amendments of any of the following:
(a)	the amount shown as the expected total income of the department for the year;
(b)	the amount shown as the expected total expenses of the department for the year;
(c)	the amount shown as the expected operating surplus or deficit of the department for the year;
(d)	the amount shown as the expected total value of the assets of the department at the end of the year;
(e)	the amount shown as the expected total liabilities of the department at the end of the year;
(f)	the amount shown as the expected value of the net assets of the department at the end of the year;
(g)	the amount shown as the expected net increase or decrease in cash held by the department at the end of the year;
(h)	the classes of outputs to be provided by the department during the year and amounts shown for classes of outputs as—
(i)	the expected total income of the department for each class of outputs; and
(ii)	the expected total expenses of the department for each class of outputs; and
(iii)	the expected operating surplus or deficit of the department for each class of outputs.
8C	Financial statements for budget review-general government sector‑Act, s 20B (3) (a)
The following updated financial statements are required:
(a)	an operating statement estimated for the general government sector for the year;
(b)	a balance sheet that it is planned that the general government sector will have at the end of the year;
(c)	a statement of changes in equity estimated for the general government sector for the year;
(d)	a cash flow statement estimated for the general government sector for the year.
8D	Financial statements for pre-election budget update‑Act, s 20D (3) (a)
The following updated financial statements are required:
(a)	an operating statement estimated for the year;
(b)	a balance sheet that it is planned for the end of the year;
(c)	a statement of changes in equity estimated for the year;
(d)	a cash flow statement estimated for the year.
9	Annual financial statements of the Territory‑Act, s 22 (2) (a)
The following financial statements are required:
(a)	an operating statement for the Territory for the year;
(b)	a balance sheet for the Territory at the end of the year;
(c)	a statement of changes in equity for the Territory for the year;
(d)	a cash flow statement for the Territory for the year;
(e)	a statement of appropriation for the Territory for the year.
10	Periodic financial statements of the Territory‑Act, s 26 (2)
(1)	The financial statements for the quarter must include the following:
(a)	an operating statement for the quarter-
(i)	in relation to the Territory; and
(ii)	in relation to the general government sector; and
(iii)	in relation to the public trading enterprise sector;
(b)	a cash flow statement for the quarter-
(i)	in relation to the Territory; and
(ii)	in relation to the general government sector; and
(iii)	in relation to the public trading enterprise sector.
(2)	The financial statements for the period from the beginning of the financial year until the end of the quarter must include the following:
(a)	an operating statement for the period-
(i)	in relation to the Territory; and
(ii)	in relation to the general government sector; and
(iii)	in relation to the public trading enterprise sector;
(b)	a balance sheet at the end of the period-
(i)	in relation to the Territory; and
(ii)	in relation to the general government sector; and
(iii)	in relation to the public trading enterprise sector;
(c)	a statement of changes in equity for the period-
(i)	in relation to the Territory; and
(ii)	in relation to the general government sector; and
(iii)	in relation to the public trading enterprise sector;
(d)	a cash flow statement for the period-
(i)	in relation to the Territory; and
(ii)	in relation to the general government sector; and
(iii)	in relation to the public trading enterprise sector.
11	Annual financial statements of departments‑Act, s 27 (3) (a)
(1)	The following financial statements are required:
(a)	an operating statement for the department for the year;
(b)	a balance sheet for the department at the end of the year;
(c)	a statement of changes in equity for the department for the year;
(d)	a cash flow statement for the department for the year;
(e)	a statement of appropriation for the department for the year.
(2)	An operating statement mentioned in subsection (1) (a) must include-
(a)	an operating statement for each appropriation unit for the department for the year; and
(b)	an operating statement for each class of outputs for the department for the year.
(3)	Subsection (2) (b) does not apply to the Legislative Assembly secretariat.
6	Section 12
substitute
12	Financial statements for Territory authorities-statements of intent‑Act, s 58 (3) (a)
The following financial statements are required:
(a)	an operating statement estimated for the authority for the year;
(b)	a balance sheet for the authority at the beginning of the year or, if the statement of intent is required to be provided before the beginning of the year, a balance sheet that the authority is expected to have at the beginning of the year;
(c)	a balance sheet that it is planned that the authority will have at the end of the year;
(d)	a statement of changes in equity estimated for the authority for the year;
(e)	a cash flow statement estimated for the authority for the year.
7	Section 13
substitute
13	Annual financial statements for Territory authorities‑Act, s 59 (3) (a)
The following financial statements are required:
(a)	an operating statement for the authority for the year;
(b)	a balance sheet for the authority at the end of the year;
(c)	a statement of changes in equity for the authority for the year;
(d)	a cash flow statement for the authority for the year.
Ted Quinlan MLA
Treasurer
	2005