Australian Capital Territory
Financial Management (Budget Financial Statements) Guidelines 2016
Disallowable instrument DI2016—71
made under the
Financial Management Act 1996, s133 (Guideline-making power)

The Treasurer makes the following guidelines under the Financial Management Act 1996, section 133 (Guideline-making power).
Dated:          1 June 2016

ANDREW BARR MLA
Treasurer

Australian Capital Territory
Financial Management (Budget Financial Statements) Guidelines 2016
Disallowable instrument DI2016—71
made under the  
Financial Management Act 1996, s133 (Guideline-making power)

1	Name of guidelines
These guidelines are the Financial Management (Budget Financial Statements) Guidelines 2016.
2	Commencement
These guidelines commence on 1 July 2016.
3	Financial statements for Territory budgets‑Act, s 11 (1) (e)
The following financial statements are required in relation to the Territory, general government sector and public trading enterprise sector:
(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.
4	Financial statements for directorate budgets‑Act, s 12 (1) (a)
(1)	The following financial statements are required:
(a)	an operating statement estimated for the directorate for the year;
(b)	
a balance sheet for the directorate 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 directorate is expected to have at the beginning of the year;
(c)	a balance sheet that it is planned that the directorate will have at the end of the year;
(d)	a statement of changes in equity estimated for the directorate for the year;
(e)	a cash flow statement estimated for the directorate for the year.
(2)	An operating statement mentioned in subsection (1) (a) must include
(a)	an operating statement (excluding other comprehensive income) estimated for each class of outputs which it is proposed that the directorate is to provide during the year.  Where a directorate has only one output class, a separate operating statement for the output class is not required.
(3)	Subsection (2) does not apply to the Legislative Assembly Secretariat or an officer of the Assembly.
5	Financial statements for territory authority  and  statements of intent‑Act, s 61 (5)(a)
(1)	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 presented to the Legislative Assembly 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.
(2)	For a prescribed territory authority, an operating statement mentioned in subsection 1 (a) must include an operating statement (excluding other comprehensive income) for each class of outputs for the year.  Where a prescribed territory authority has only one output class, a separate operating statement for the output class is not required.
6	Financial statements for territory-owned corporation budgets‑Act, s 12A (1) (a)
The following financial statements are required:
(a)	an operating statement estimated for the corporation for the year;
(b)	a balance sheet for the corporation 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 corporation is expected to have at the beginning of the year;
(c)	a balance sheet that it is planned that the corporation will have at the end of the year;
(d)	a statement of changes in equity estimated for the corporation for the year;
(e)	a cash flow statement estimated for the corporation for the year.
7	Revocation
DI2011-168 notified on the legislation register on 30 June 2011 is revoked.