Australian Capital Territory
Financial Management (Budget Financial Statements) Guidelines 2009
Disallowable instrument DI2009–57
made under the
Financial Management Act 1996, s133 (Guideline-making power)
EXPLANATORY STATEMENT

Outline
These guidelines are issued in accordance with section 133 of the Financial Management Act 1996 (the Act).
This instrument, Financial Management (Budget Financial Statements) Guidelines 2009, prescribes the level of reporting required in the Budgeted financial statements.  Due to a change in the financial accounting standards for financial reporting commencing 1 July 2009, the Territory is required to include a separate Statement of Changes in Equity for the whole of government reporting.
Also the guideline clarifies that a prescribed Territory authority is required to include an operating statement for each class of outputs in their Budgeted financial statements.  This requirement is already reflected in the Financial Management (Periodic and Annual Financial Statements) Guidelines 2008.
This guideline replaces Financial Management (Budget Financial Statements) Guidelines 2008, notified on legislation register on 5 May 2008.
Details of the Financial Management (Budget Financial Statements) Guidelines 2009
Clause 1	Name of Act
This clause is a formal provision setting out the name of the proposed Act.
Clause 2 	Commencement
The Guideline commence date is the day after notification.
Clauses 3 to 6 prescribes the level of Budget reporting required by the Territory, departments and territory authorities.
Clause 7 revokes the Financial Management (Budget Financial Statements) Guidelines 2008, which is replaced by provisions made under this guideline.
End