DisabilityCare Australia Fund of the Australian three month bank bill swap rate plus 0.3% per annum, calculated on a rolling 12 month basis while minimising the probability of capital loss over a 12 month horizon. Section 3: Explanatory Tables and Budgeted Financial Statements Section 3 presents explanatory tables and budgeted financial statements which provide a comprehensive snapshot of entity finances for the 2015-16 Budget Year. It explains how budget plans are incorporated into the financial statements and provides further details of the reconciliation between appropriations and programme expenses, movements in administered funds, special accounts and government indigenous expenditure. 3.1 3.1.1 Movement of Administered Funds Between Years Table 3.1.1 is not included as there is no movement of administered fund between years. 3.1.2 Special Accounts Special Accounts provide a means to set aside and record amounts used for specified purposes. Special Accounts can be created by a Finance Minister’s Determination under section 78 of the PGPA Act or under separate enabling legislation (section 80 of the PGPA Act refers). Table 3.1.2 shows the expected additions (receipts) and reductions (payments) for each account used by FFMA. Table 3.1.2: Estimates of Special Account Flows and Balances Opening Closing balance Receipts Payments Adjustments balance 2015-16 2015-16 2015-16 2015-16 2015-16 2014-15 2014-15 2014-15 2014-15 2014-15 Outcome $'000 $'000 $'000 $'000 $'000 Future Fund Special 1 - 666,450 (666,450) - - Account (A)(D) - 705,042 (705,042) - - Total special accounts 2015-16 Budget estimate - 666,450 (666,450) - - Total special accounts 2014-15 estimated actual - 705,042 (705,042) - - (A) = Administered (D) = Departmental
DisabilityCare Australia Fund of the Australian three month bank bill swap rate plus 0.3% per annum, calculated on a rolling 12 month basis while minimising the probability of capital loss over a 12 month horizon. Section 3: Explanatory Tables and Budgeted Financial Statements Section 3 presents explanatory tables and budgeted financial statements which provide a comprehensive snapshot of entity finances for the 2015-16 Budget Year. It explains how budget plans are incorporated into the financial statements and provides further details of the reconciliation between appropriations and programme expenses, movements in administered funds, special accounts and government indigenous expenditure. 3.1 3.1.1 Movement of Administered Funds Between Years Table 3.1.1 is not included as there is no movement of administered fund between years. 3.1.2 Special Accounts Special Accounts provide a means to set aside and record amounts used for specified purposes. Special Accounts can be created by a Finance Minister’s Determination under section 78 of the PGPA Act or under separate enabling legislation (section 80 of the PGPA Act refers). Table 3.1.2 shows the expected additions (receipts) and reductions (payments) for each account used by FFMA. Table 3.1.2: Estimates of Special Account Flows and Balances Opening Closing balance Receipts Payments Adjustments balance 2015-16 2015-16 2015-16 2015-16 2015-16 2014-15 2014-15 2014-15 2014-15 2014-15 Outcome $'000 $'000 $'000 $'000 $'000 Future Fund Special 1 - 666,450 (666,450) - - Account (A)(D) - 705,042 (705,042) - - Total special accounts 2015-16 Budget estimate - 666,450 (666,450) - - Total special accounts 2014-15 estimated actual - 705,042 (705,042) - - (A) = Administered (D) = Departmental
future-fund-management-agency.docx