than the budgeted movement, there will be no amount entered in the column ‘Movements’ and the budgeted closing balance will be included in the Balances’ column. ‘Residual Residual Balances The amount to enter in the Published Budget Balances’ column is the difference ‘Residual between the Published Budget closing balance in the SDS (related to that function) and the amounts in the Published Budget column of the form, so that the sum of the ‘Movements’ two columns adds to the Published Budget balance (see example below). Alternatively, the Residual Balances will equal the Published Budget opening balance plus the actual movements to the effective MOG date. The net assets and liabilities amount being transferred is to be entered against the Non-appropriated equity line. It is unlikely that the Published Budget residual balances to transfer will equal the actual asset and liability balances as at the date of the MOG, since the Published Budget Balance Sheet is often derived from an estimated opening balance position, rather than the actual opening balance from the previous year’s audited closing position. Example For MOG transfer form Published Actual at MOG Movement Residual Budget date Buildings Opening Balance 25,020 26,000 Purchases 3,000 2,000 1,000 Revaluation 600 - 600 Balance 28,620 28,000 1,600 27,020 28,620 = Adjusted Budget Estimated Actual columns The adjustments to the Estimated Actual columns of the MOG sign-off form will be used to prepare the Estimated Actual column of the next SDS. Movements The amounts to enter in the Estimated Actual column of the form is the ‘Movements’ difference between the Latest Budget estimates approved in the ATM for the current year (Published Budget plus subsequent adjustments approved) and the actual movements as at the effective date of the MOG. This applies to the cash appropriation, Operating Statement and Balance Sheet items. These amounts are also used to derive the Estimated Actuals Cash Flow Statement in the SDS. Where adjustments have been approved after the Published Budget, amounts in the Estimated Actual column will be different to the Published Budget ‘Movements’ column. ‘Movements’ Balances at MOG date
than the budgeted movement, there will be no amount entered in the ‘Movements’ column and the budgeted closing balance will be included in the ‘Residual Balances’ column. Residual Balances The amount to enter in the Published Budget ‘Residual Balances’ column is the difference between the Published Budget closing balance in the SDS (related to that function) and the amounts in the Published Budget ‘Movements’ column of the form, so that the sum of the two columns adds to the Published Budget balance (see example below). Alternatively, the Residual Balances will equal the Published Budget opening balance plus the actual movements to the effective MOG date. The net assets and liabilities amount being transferred is to be entered against the Non-appropriated equity line. It is unlikely that the Published Budget residual balances to transfer will equal the actual asset and liability balances as at the date of the MOG, since the Published Budget Balance Sheet is often derived from an estimated opening balance position, rather than the actual opening balance from the previous year’s audited closing position. Example For MOG transfer form Published Budget Actual at MOG date Movement Residual Buildings Opening Balance 25,020 26,000 Purchases 3,000 2,000 1,000 Revaluation 600 - 600 Balance 28,620 28,000 1,600 27,020 28,620 = Adjusted Budget Estimated Actual columns The adjustments to the Estimated Actual columns of the MOG sign-off form will be used to prepare the Estimated Actual column of the next SDS. Movements The amounts to enter in the Estimated Actual ‘Movements’ column of the form is the difference between the Latest Budget estimates approved in the ATM for the current year (Published Budget plus subsequent adjustments approved) and the actual movements as at the effective date of the MOG. This applies to the cash appropriation, Operating Statement and Balance Sheet items. These amounts are also used to derive the Estimated Actuals Cash Flow Statement in the SDS. Where adjustments have been approved after the Published Budget, amounts in the Estimated Actual ‘Movements’ column will be different to the Published Budget ‘Movements’ column. Balances at MOG date
MOG-Changes-Guidelines-January-2018.docx