Fiscal Reporting
Scope of Appropriation
This output class is limited to preparing fiscal forecasts, monitoring of and reporting on fiscal conditions, preparing the Financial Statements of Government, providing advice on the application and development of generally accepted accounting practice as it applies to the Crown and monitoring the adequacy of departmental financial management controls.
Significant Work Completed During 2009/10
- Prepared the annual and monthly Financial Statements of Government, Fiscal Forecasts and monthly Controller Reports in accordance with the Public Finance Act 1989.
- Provided central government leadership on accounting standard setting frameworks including representation on international and domestic accounting standard setting boards. This work included significant input into the release of discussion documents on the statutory framework for financial reporting in New Zealand.
| Performance Dimensions | Target | Performance for 2009/10 | ||||
|---|---|---|---|---|---|---|
| All policy outputs comply with the Treasury's Quality Standards for Policy Advice, as assessed by the Minister three times during the year. | Rated as meeting and frequently exceeding expectations |
Not assessed in 2009/10. Refer to page 60 for further information on the application of the policy standard during 2009/10. |
||||
|
Production of advice that provides options which allow the Government to deliver a credible fiscal strategy consistent with the fiscal prudence provisions of the Public Finance Act 1989. Where this advice is underpinned by modelling, the models are externally quality assured and, where appropriate, assumptions are tested with suitably qualified external experts. |
Achieved |
Achieved. Advice was provided on the actual fiscal position and forecast outlook to support the Government to develop its BPS and FSR in accordance with the principles of responsible fiscal management. |
||||
| Audit opinion issued by the Controller and Auditor-General on the Financial Statements of Government. | Unqualified |
Achieved. An unqualified opinion was achieved for the Financial Statements of Government for the year ended 30 June 2009. |
||||
| 2009/10 Actual $000 |
Supp. Estimates - Voted $000 |
Main Estimates $000 |
2008/09 Actual $000 |
|
|---|---|---|---|---|
| Expenses | 3,606 | 3,708 | 3,570 | |
| Funded by: | ||||
| Revenue Crown | 3,545 | 3,650 | 3,504 | |
| Other Revenue | 61 | 58 | 66 |
