Vote Serious Fraud - Supplementary Estimates 2018/19

Vote Serious Fraud#

APPROPRIATION MINISTER(S): Minister of Police (M51)

APPROPRIATION ADMINISTRATOR: Serious Fraud Office

RESPONSIBLE MINISTER FOR SERIOUS FRAUD OFFICE: Minister of Police

Details of Appropriations and Capital Injections#

Annual Appropriations and Forecast Permanent Appropriations#

Titles and Scopes of Appropriations by Appropriation Type	Estimates Budget $000	Supplementary Estimates Budget $000	Total Budget $000
	2018/19
Departmental Output Expenses
*Investigation and Prosecution of Serious Financial Crime (M51)* This appropriation is limited to detecting, investigating and prosecuting serious financial crimes by the Serious Fraud Office, and includes activities directed at making the commission of financial crimes more difficult, and detection and prosecution more effective.	9,614	1,128	10,742
Total Departmental Output Expenses	9,614	1,128	10,742
Departmental Capital Expenditure
*Serious Fraud Office - Capital Expenditure PLA (M51)* This appropriation is limited to the purchase or development of assets by and for the use of the Serious Fraud Office, as authorised by section 24(1) of the Public Finance Act 1989.	140	110	250
Total Departmental Capital Expenditure	140	110	250
Total Annual Appropriations and Forecast Permanent Appropriations	9,754	1,238	10,992

Capital Injection Authorisations#

	2018/19
	Estimates Budget $000	Supplementary Estimates Budget $000	Total Budget $000
Serious Fraud Office - Capital Injection (M51)	-	-	-

Supporting Information#

Part 1 - Vote as a Whole#

1.2 - Trends in the Vote#

Summary of Financial Activity

	2018/19
		Supplementary Estimates
	Estimates $000	Departmental Transactions $000	Non-Departmental Transactions $000	Total Transactions $000	Total $000
Appropriations
Output Expenses	9,614	1,128	-	1,128	10,742
Benefits or Related Expenses	-	N/A	-	-	-
Borrowing Expenses	-	-	-	-	-
Other Expenses	-	-	-	-	-
Capital Expenditure	140	110	-	110	250
Intelligence and Security Department Expenses and Capital Expenditure	-	-	N/A	-	-
Multi-Category Expenses and Capital Expenditure (MCA)
Output Expenses	-	-	-	-	-
Other Expenses	-	-	-	-	-
Capital Expenditure	-	N/A	-	-	-
Total Appropriations	9,754	1,238	-	1,238	10,992
Crown Revenue and Capital Receipts
Tax Revenue	-	N/A	-	-	-
Non-Tax Revenue	-	N/A	-	-	-
Capital Receipts	-	N/A	-	-	-
Total Crown Revenue and Capital Receipts	-	N/A	-	-	-

Part 2 - Details of Departmental Appropriations#

2.1 - Departmental Output Expenses#

Investigation and Prosecution of Serious Financial Crime (M51)

Scope of Appropriation

This appropriation is limited to detecting, investigating and prosecuting serious financial crimes by the Serious Fraud Office, and includes activities directed at making the commission of financial crimes more difficult, and detection and prosecution more effective.

Expenses and Revenue

	2018/19
	Estimates $000	Supplementary Estimates $000	Total $000
Total Appropriation	9,614	1,128	10,742
Revenue from the Crown	9,529	581	10,110
Revenue from Others	85	547	632

Reasons for Change in Appropriation

This appropriation increased by $1.128 million to $10.742 million for 2018/19 due to:

Additional revenue from the Crown

$490,000 to fund a national Anti-Corruption Work Programme. This includes $100,000 transferred from 2017/18
$91,000 transferred from 2017/18 due to a delay in the New Zealand contribution to the International Anti-Corruption Co-Ordination Centre.

Additional revenue from Others

$250,000 for assistance to the Vanuatu Office of Public Prosecutions, funded by the Ministry of Foreign Affairs and Trade
$133,000 to host the SFO International Fraud and Corruption Conference and the Economic Crime Agency Network meeting, funded by sponsorships and attendance fee income
$116,000 for the SFO to employ an Electronic Forensic Investigator to provide services to multiple agencies. This position is funded by Immigration New Zealand, Financial Markets Authority and the Commerce Commission
$48,000 for an employee seconded to another government agency, funded by the Financial Markets Authority.

2.3 - Departmental Capital Expenditure and Capital Injections#

Serious Fraud Office - Capital Expenditure PLA (M51)

Scope of Appropriation

This appropriation is limited to the purchase or development of assets by and for the use of the Serious Fraud Office, as authorised by section 24(1) of the Public Finance Act 1989.

Capital Expenditure

	2018/19
	Estimates $000	Supplementary Estimates $000	Total $000
Forests/Agricultural	-	-	-
Land	-	-	-
Property, Plant and Equipment	130	110	240
Intangibles	10	-	10
Other	-	-	-
Total Appropriation	140	110	250

Reasons for Change in Appropriation

This appropriation increased by $110,000 to $250,000 for 2018/19 due to:

$75,000 for new computers in accordance with the asset replacement programme
$20,000 for new desktop equipment for a new Electronic Forensic Investigator. This equipment included both hardware and software
$15,000 new stab resistant body armour.

Capital Injections and Movements in Departmental Net Assets

Serious Fraud Office

Details of Net Asset Schedule	2018/19 Main Estimates Projections $000	2018/19 Supplementary Estimates Projections $000	Explanation of Projected Movements in 2018/19
Opening Balance	1,112	1,112	Supplementary Estimates opening balance reflects the audited results as at 30 June 2018.
Capital Injections	-	-
Capital Withdrawals	-	-
Surplus to be Retained (Deficit Incurred)	-	-
Other Movements	-	-
Closing Balance	1,112	1,112