Note 14: Transactions and balances relating to a trustee or agency agreement

14.1 Administered appropriation revenue

Revenue from appropriations includes revenue from appropriations, appropriations carried forward under section 8A of the Public Account Act 1986 and Items Reserved by Law.

The budget information is based on original estimates and has not been subject to audit.

	2007 $’000	2006 $’000
Recurrent appropriation	40,944	37,911
Total administered revenue from government	40,944	37,911

top

14.2 Administered grants

General Grants
Australian Government recurrent receipts (Schools)	61,166	58,798
Australian Government recurrent receipts (TAFE)	27,054	26,766
Australian Government capital receipts (Schools)	8,070	7,884
Australian Government capital receipts (TAFE)	4,420	4,420
Australian Government capital receipts (Child care)	249	228
Subtotal general grants	100,959	98,096
Specific Grants
Australian Government Department of Education, Science and Training (DEST) allocations for non-government schools in Tasmania	122,998	113,258
Australian Government Investing in Our Schools	7,530	11,150
Subtotal specific grants	130,528	124,408
Total	231,487	222,504

top

14.3 Administered sales of goods and services

Archives services	34	42
Curriculum services	129	123
Computer services	42	40
State Library services	115	113
Other	19	18
Total	339	336

14.4 Administered fees and fines

Group Assurance Commission	25	19
Total	25	19

14.5 Other administered revenues

Other	88	71
Total	88	71

top

14.6 Administered grants and subsidies expenses

Accommodation allowances for tertiary students	1,126	1,242
Australian Governments grants to non-government schools	122,922	113,258
Non-government schools: Grants by state government	38,169	35,286
Non-government schools: Capital assistance	1,000	1,000
Non-government schools: Student assistance	327	383
Non-government schools: Investing in Our Schools	345	1,067
Total	163,889	152,236

top

14.7 Administered supplies and consumables

Other supplies and consumables	13,408	-
Total	13,408	-

14.8 Administered cash and deposits

T511 - Department of Education Operating Account	4,650	6,814
School bank accounts	-	3,650
Total	4,650	10,464

top

14.9 Reconciliation of administered equity

Equity	Accumulated results		Total equity
	2007 $’000	2006 $’000	2007 $’000	2006 $’000
Balance at 1 July	10,464	377	10,464	377
Net surplus/(deficit)	(5,814)	10,087	(5,814)	10,087
Balance as at 30 June	4,650	10,464	4,650	10,464

14.10 Administered cash and cash equivalents

	2007 $’000	2006 $’000
Cash and deposits (as per Balance Sheet)	4,650	10,464
Cash and cash equivalents in Cash Flow Statement	4,650	10,464

top

14.11 Reconciliation of administered operating surplus to net cash from administered operating activities

Reconciliation of administered operating surplus to net cash provided by administered operating activities:
Net surplus/(deficit)	(5,814)	10,087
Decrease/(increase) in receivables	-	12
Net cash provided/(used) by operating activities	(5,814)	10,099

14.12 Risk exposures (administered)

a) Risk management policies

The department does not administer any derivative financial instruments.

b) Credit risk exposures

The financial assets administered the department are cash and receivables where there is no credit risk. The department earns interest on nominal account balances for select accounts held at the Department of Treasury and Finance and on school bank account balances. Interest earned on these respective accounts during 2006-07 ranged from 0% to 6.08%.

top