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2002-03 Financial Statements

Department of Defence
Notes To And Forming Part Of The Financial Statements
for the year ended 30 June 2003
Note 28: Special Accounts

Special Public Monies
For a number of years the Department has consistently reported on two special accounts, namely Projects for Other Governments and International Bodies and Services for Non-Departmental Bodies. However, the original determination issued by the Department of Finance and Administration in 1997 did not include the Projects for Other Governments and International Bodies Account. To ratify this problem, the Secretary of the Department of Defence advised the Secretary of the Department of Finance and Administration on 15 May 2003 that there was one account, Services for Other Government and Non-Departmental Bodies. As the accounts were operated on the basis that each was funded by a separate appropriation, it is considered that the Department breached section 48 of the Financial Management and Accountability Act 1997. Therefore the 2002-03 Financial Statements now reports on one account, Services for Other Governments and Non-Agency Bodies Account.
2002-03 2001-02
$ $
Defence - Services for Other Governments and Non-Agency Bodies*
Legal Authority: Financial Management and Accountability Act 1997 s20  
Purpose: Payment for all costs in connection with specified activities on behalf of other governments and international bodies  
Balance carried forward from previous years 69,324,157 102,255,954
Less adjustment of opening balance (1,266,885) (329,942)
Restated cash balance from previous year 68,057,272 101,926,012
Receipts during the year 90,685,870 44,832,264
Available for payments 158,743,142 146,758,276
Payments made 90,343,346 77,434,119
Balance carried forward to next year 68,399,796 69,324,157
* This account was in prior years disclosed under two separate headings as follows:
- Defence - Projects for other governments and international bodies
- Defence - Services for non-departmental bodies
Other Trust Monies
Legal Authority: Financial Management and Accountability Act 1997 s20  
Purpose: For receipt of money temporarily held in trust  
Balance carried forward from previous years 10,554,869 2,399,262
Receipts during the year 1,111,948 8,642,153
Available for payment 11,666,817 11,041,415
Payments made 781,506 486,546
Balance carried forward to next year 10,885,311 10,554,869
Young Endeavour Youth Scheme Operating Fund
Legal Authority: Financial Management and Accountability Act 1997 s20  
Purpose: For the receipt and payment of money in connection with the operations and activities of the STS Young Endeavour, as specified by the Young Endeavour Youth Program Board of Management or by the Commonwealth.  
Balance carried forward from previous years 1,503,529 932,784
Receipts during the year 648,744 676,028
Available for payments 2,152,273 1,608,812
Payments made 116,910 105,283
Balance carried forward to next year 2,035,363 1,503,529
Defence - Endowments
Assets Held in Trust
Legal Authority: Financial Management and Accountability Act 1997 s20  
Purpose: For application in accordance with the conditions of each endowment.  
Balance carried forward from previous years 565,838 551,875
Receipts during the year 14,276 18,150
Prior year adjustments (294,506) -
Available for payments 285,608 570,025
Payments made 21,700 4,187
Balance carried forward to next year 263,908 565,838
Fedorczenko Legacy Fund
Legal Authority: Financial Management and Accountability Act 1997 s20  
Purpose: Residue of the estate of the late Petro Fedorczenko which is to be used for the defence of Australia.  
Balance carried forward from previous years 152,451 149,812
Receipts during the year 6,259 11,087
Available for payments 158,710 160,899
Payments made 10,300 8,448
Balance carried forward to next year 148,410 152,451
Comcare Trust Account
Legal Authority: Financial Management and Accountability Act 1997 s20  
Purpose: Monies held in trust and advanced to Defence by Comcare for the purpose of distributing compensation payments made in accordance with the Safety Rehabilitation and Compensation Act 1998.  
Balance carried forward from previous years 1,001,415 852,839
Receipts during the year 2,667,053 2,961,002
Available for payments 3,668,468 3,813,841
Payments made - 2,812,426
Balance carried forward to next year 3,668,468 1,001,415
Defence Support Centre - Woomera Account
This account has a nil balance as at 30 June 2003. There has been no movement in this account since 2000-01. On 25 June 2003, the Minister for Finance and Administration made a determination under sub-section 20(3) of the Financial Management and Accountability Act 1997 that this account be abolished.