PBS: Treasury - Section 3: Budget Financial Statements

	Document Index Portfolio Budget Statements Department of the Treasury

Section 3: Budget Financial Statements

Budget Statement of Revenue and Expenses (Budget Operating Statement)
Budget Statement of Assets and Liabilities (Budget Balance Sheet)
Budget Cash Flow Statement
Capital Budget
Non-financial Assets -- Summary of Movement

The budget financial statements will form the basis of the financial statements that will appear in the Department's 1999-2000 Annual Report, and form the basis for the input into the Whole of Government Accounts.

Budget Statement of Revenue and Expenses (Budget Operating Statement)

This statement provides a picture of the expected financial results for the Department of the Treasury by identifying full accrual expenses and revenues, which highlights whether the Department is operating at a sustainable level.

Budget Statement of Assets and Liabilities (Budget Balance Sheet)

This statement shows the financial position of the Department. It enables decision makers to track the management of the Department's assets and liabilities.

Budget Cash Flow Statement

This statement identifies expected cash flows from operating activities, investing activities and financing activities.

Capital Budget

This statement shows all proposed capital expenditure funded through the Budget as appropriations or from internal resources.

Non-financial Assets -- Summary of Movement

This statement shows the movement in the Department's non-financial assets over the Budget year 1999-2000.

Table 3.1: Budget Statement of Revenue and Expenses

	Estimated Actual		Estimated
	1998-99 $'000	1999-00 $'000	2000-01 $'000	2001-02 $'000	2002-03 $'000
Departmental Revenue and Expenses
Revenue
Revenue from government
Ordinary annual appropriations (net appropriations)	53,352	65,300	67,143	64,107	64,256
Revenue from other sources
Sales of goods and services	27,671	34,492	25,419	25,427	25,435
Other revenue from other sources	405	478	4,453	635	646
Total Revenue	81,428	100,270	97,015	90,169	90,337
Expenses
Employees	39,518	46,820	45,997	43,779	42,999
Depreciation and amortisation	2,377	2,760	4,308	5,619	5,634
Other costs of providing goods and services	36,807	49,001	37,528	35,618	36,311
Other	82	150	914	546	546
Total Expenses	78,784	98,731	88,747	85,562	85,490
Operating Result before Capital User Charge	2,644	1,539	8,268	4,607	4,847
Capital User Charge	-	1,539	2,367	2,607	2,847
Transfers and Dividends
Accumulated Results at Year End	2,644	-	5,901	2,000	2,000
Administered Revenue and Expenses
Revenue
Taxation Revenue	-6,638,273	-6,750,888	-347,761	-	-
Interest and dividends	4,649,944	5,672,087	3,823,590	4,037,970	5,474,823
Other sources of non-taxation revenue	447,616	775,778	237,373	220,481	210,598
Appropriations	33,109,304	33,703,047	9,202,499	9,524,606	8,469,182
Total Revenue	31,568,591	33,400,024	12,915,701	13,783,057	14,154,603
Expenses
Other costs of providing goods and services	84,972	573,982	90,219	88,810	89,967
Grants	17,186,302	17,915,593	654,437	2,096,317	1,409,436
Interest and other financing costs	9,059,596	8,495,877	7,609,012	6,693,289	6,107,608
Total Expenses	26,330,870	26,985,452	8,353,668	8,878,416	7,607,011
Net contribution to government	5,237,721	6,414,572	4,562,033	4,904,641	6,547,592
Cash transfers to/from DoFA	-10,014,860	-8,046,910	-7,014,795	-7,104,266	-7,941,194
Accumulated Results After Transfers	-4,777,139	-1,632,338	-2,452,762	-2,199,625	-1,393,602

Table 3.2: Budget Statement of Assets and Liabilities

	Estimated Actual		Estimated
	1998-99 $'000	1999-00 $'000	2000-01 $'000	2001-02 $'000	2002-03 $'000
Departmental Assets and Liabilities
Debt	1,634	13,476	13,374	11,687	10,000
Total Debt	1,634	13,476	13,374	11,687	10,000
Provisions and Payables
Employees	12,497	12,863	12,963	13,016	13,150
Suppliers	882	886	909	930	952
Other	1,147	1,146	1,175	1,202	1,229
Total Provisions and Payables	14,526	14,895	15,047	15,148	15,331
Total Liabilities	16,160	28,371	28,421	26,835	25,331
Equity
Accumulated results	9,421	9,421	15,322	17,322	19,322
Reserves	4,463	4,463	4,463	4,463	4,463
Total Equity	13,884	13,884	19,785	21,785	23,785
Total Liabilities and Equity	30,044	42,255	48,206	48,620	49,116
Financial Assets
Cash	786	2,663	9,815	18,307	24,089
Receivables	4,575	1,375	1,408	1,441	1,475
Investments	1,500	3,000	2,000	-	-
Total Financial Assets	6,861	7,038	13,223	19,748	25,564
Non-financial Assets
Infrastructure, plant and equipment	6,899	6,958	20,835	15,631	11,233
Intangibles	1,681	1,777	1,447	1,067	856
Other	14,603	26,482	12,701	12,174	11,463
Total Non-financial Assets	23,183	35,217	34,983	28,872	23,552
Total Assets	30,044	42,255	48,206	48,620	49,116
Administered Assets and Liabilities
Debt
Government securities	87,321,732	64,143,148	62,540,772	38,429,303	9,257,119
Loans	4,168,999	4,156,748	4,149,422	4,143,077	4,138,368
Other debt	2,777,095	3,025,575	2,888,903	2,453,192	2,243,396
Total Debt	94,267,826	71,325,471	69,579,097	45,025,572	15,638,883
Provisions and Payables
Grants	25,000	22,500	20,000	17,500	15,000
Other	3,000,999	2,735,852	2,270,773	2,329,838	2,456,514
Total Provisions and Payables	3,025,999	2,758,352	2,290,773	2,347,338	2,471,514
Total Liabilities	97,293,825	74,083,823	71,869,870	47,372,910	18,110,397
Equity
Accumulated results	-82,760,836	-59,610,078	-56,659,809	-32,381,518	-2,077,725
Reserves	8,039,640	8,039,640	8,039,640	8,039,640	8,039,640
Total Equity	-74,721,196	-51,570,438	-48,620,169	-24,341,878	5,961,915
Total Liabilities and Equity	22,572,629	22,513,385	23,249,701	23,031,032	24,072,312

Table 3.2: Budget Statement of Assets and Liabilities (continued)

	Estimated Actual		Estimated
	1998-99 $'000	1999-00 $'000	2000-01 $'000	2001-02 $'000	2002-03 $'000
Financial Assets
Cash	198,132	803,979	1,550,770	2,600,472	3,630,497
Receivables	6,394,117	5,689,973	5,701,317	4,396,605	4,344,691
Investments	15,896,674	15,904,849	15,904,849	15,904,849	15,904,849
Accrued revenues	71,520	105,520	86,520	124,520	188,520
Total Financial Assets	22,560,443	22,504,321	23,243,456	23,026,446	24,068,557
Other non-financial assets	12,186	9,064	6,245	4,586	3,755
Total Non-financial Assets	12,186	9,064	6,245	4,586	3,755
Total Assets	22,572,629	22,513,385	23,249,701	23,031,032	24,072,312

Table 3.3: Budget Cash Flow Statement

	Estimated Actual		Estimated
	1998-99 $'000	1999-00 $'000	2000-01 $'000	2001-02 $'000	2002-03 $'000
Departmental Cash Flows
Operating Activities
Cash Received
Appropriations	53,995	65,300	67,143	64,107	64,256
Sales of goods and services	27,699	34,491	25,418	25,426	25,434
Other	405	450	553	591	600
Total Cash Received	82,099	100,241	93,114	90,124	90,290
Cash Used
Employees	41,937	49,503	45,954	43,779	42,917
Suppliers	36,797	48,706	34,924	32,932	35,532
Other	-	150	896	546	546
Total Cash Used	78,734	98,359	81,774	77,257	78,995
Net Cash from Operating Activities	3,365	1,882	11,340	12,867	11,295
Investing Activities
Cash Received
Proceeds from sale of property, plant and equipment	30	40	42	44	46
Total Cash Received	30	40	42	44	46
Cash Used
Purchase of property, plant and equipment	4,229	13,547	5,660	125	1,025
Total Cash Used	4,229	13,547	5,660	125	1,025
Net Cash from Investing Activities	-4,199	-13,507	-5,618	-81	-979
Financing Activities
Cash Received
Proceeds from borrowings	-	1,524	-	-	-
Other	1,634	13,821	5,485	-	-
Total Cash Received	1,634	15,345	5,485	-	-
Cash Used
Capital user charge paid	-	1,539	2,367	2,607	2,847
Repayment of borrowings	24	303	303	303	303
Other	-	-	1,384	1,384	1,384
Total Cash Used	24	1,842	4,054	4,294	4,534
Net Cash from Financing Activities	1,610	13,503	1,431	-4,294	-4,534
Net increase/decrease in cash held	776	1,878	7,153	8,492	5,782
Add cash as at 1 July	10	786	2,664	9,816	18,308
Cash as at 30 June	786	2,664	9,817	18,308	24,090

Table 3.3: Budget Cash Flow Statement (continued)

	Estimated Actual		Estimate
	1998-99 $'000	1999-00 $'000	2000-01 $'000	2001-02 $'000	2002-03 $'000
Administered Cash Flows
Operating Activities
Cash Received
Taxes fees and fines	-6,638,273	-6,750,888	-347,761	-	-
Interest and dividends	4,583,902	5,633,266	3,908,772	3,962,039	5,353,129
Appropriation receipts	26,284,571	26,346,609	8,101,188	8,476,906	7,442,162
Other	397,145	736,342	220,397	206,192	200,753
Total Cash Received	24,627,345	25,965,329	11,882,596	12,645,137	12,996,044
Cash Used
Grants	17,188,802	17,918,093	656,937	2,098,817	1,411,936
Interest and other financing costs	8,990,554	8,334,056	7,353,194	6,288,358	5,940,913
Cash to CRF	-1,837,800	-986,830	3,027,858	3,120,531	4,526,862
Other	105,215	94,460	91,057	89,731	89,313
Total Cash Used	24,446,771	25,359,779	11,129,046	11,597,437	11,969,024
Net Cash from Operating Activities	180,574	605,550	753,550	1,047,700	1,027,020
Investing Activities
Cash Received
Equity instruments	12,880	-	-	-	-
Repayment of advances	161,621	-	476,190	1,118,642	-
Consolidated Revenue Fund	5,315,912	1,831,395	3,580,818	2,178,429	2,519,796
Other	4,866,306	1,663,351	2,396,771	1,817,393	2,387,312
Total Cash Received	10,356,719	3,494,746	6,453,779	5,114,464	4,907,108
Cash Used
Advances made	651,498	-	1,118,642	-	-
Purchase of equity instruments	517,245	8,175	-	-	-
Consolidated Revenue Fund	5,027,927	1,663,351	2,872,961	2,936,035	2,387,312
Other	4,147,169	1,823,220	2,462,176	2,178,429	2,519,796
Total Cash Used	10,343,839	3,494,746	6,453,779	5,114,464	4,907,108
Net Cash from Investing Activities	12,880	-	-	-	-
Financing Activities
Cash Received
Proceeds from borrowings	60,969	640,382	486,395	151,329	35,300
Consolidated Revenue Fund	11,879,701	22,951,701	1,822,213	24,299,487	29,177,599
Total Cash Received	11,940,670	23,592,083	2,308,608	24,450,816	29,212,899

Table 3.3: Budget Cash Flow Statement (continued)

	Estimated Actual		Estimated
	1998-99 $'000	1999-00 $'000	2000-01 $'000	2001-02 $'000	2002-03 $'000
Cash Used
Consolidated Revenue Fund	-	13,951	12,665	-	-
Repayment of borrowings	11,054,942	23,565,584	2,295,376	24,442,469	29,205,184
Other	892,483	12,251	7,326	6,345	4,710
Total Cash Used	11,947,425	23,591,786	2,315,367	24,448,814	29,209,894
Net Cash from Financing Activities	-6,755	297	-6,759	2,002	3,005
Net increase/decrease in cash held	186,699	605,847	746,791	1,049,702	1,030,025
Add cash as at 1 July	11,433	198,132	803,979	1,550,770	2,600,472
Cash as at 30 June	198,132	803,979	1,550,770	2,600,472	3,630,497

CAPITAL BUDGET

Table 3.4: Capital Budget

		Estimated
Capital Appropriation	1999-00 $'000	2000-01 $'000	2001-02 $'000	2002-03 $'000
Departmental
Total Loans	1,524	-	-	-
previous year's carryover	3,200	-	-	-
Total Capital Appropriations	4,724	-	-	-
Represented by
Purchase of non-current assets	1,524	-	-	-
Other	3,200	-	-	-
Total Departmental	4,724	-	-	-
Administered
Total Equity Injections	93,295	1,200,546	104,000	-
Total Loans	-	-	-	-
Total Capital Appropriations	93,295	1,200,546	104,000	-
Represented by
Purchase of non-current assets	2,895	504	-	-
Other	90,400	1,200,042	104,000	-
Total Items	93,295	1,200,546	104,000	-
Administered Financial Assets Funded by Special Appropriations
Administered Capital	24,689,801	4,202,485	26,373,916	31,697,395
Represented by
Purchase of non-current assets	-	-	-	-
Other	24,689,801	4,202,485	26,373,916	31,697,395
Total Items	24,689,801	4,202,485	26,373,916	31,697,395

The Department of the Treasury will receive the previous year's carryover of $3.2 million and a departmental loan of $1.5 million in 1999-2000. The loan relates to costs associated with the establishment of the Australian Office of Financial Management and costs associated with the Corporations and Securities Panel.

The Department of the Treasury will receive administered capital appropriations of $93.3 million in 1999-2000, $1,200.5 million in 2000-01 and $104.0 million in 2001-02. This includes equity injections of $2.9 million in 1999-2000 and $0.5 million in 2000-01 for the purchase of capital items relating to administered expenses for the Australian Office of Financial Management. Treasury's administered capital special appropriations relate to financial assets.

		Estimated
Purchase of Departmental Non-current Assets	1999-00 $'000	2000-01 $'000	2001-02 $'000	2002-03 $'000
Funded by capital appropriations	1,524	-	-	-
Funded internally by Departmental resources	12,023	5,660	125	1,025
Total	13,547	5,660	125	1,025

Note: Refer to non-financial assets movement summary under additions for detail of breakdown.

		Estimated
Purchase of Administered Non-current Assets	1999-00 $'000	2000-01 $'000	2001-02 $'000	2002-03 $'000
Funded by capital appropriations	2,895	504	-	-
Funded internally by Departmental resources	-	-	-	-
Total	2,895	504	-	-

Table 3.5: Non-financial Assets -- Summary of Movement
Budget Year 1999-2000

	Land $'000	Buildings $'000	Total Land and Buildings $'000	Other Infrastructure, Plant and Equipment $'000	Total Infrastructure, Plant and Equipment $'000	Intangibles $'000	Total $'000
Gross Value
As at 1 July 1999 (opening)	-	-	-	13,954	13,954	2,485	16,439
Additions	-	-	-	2,426	2,426	500	2,926
Disposals	-	-	-	-108	-108	-57	-165
Other movements	-	-	-	-	-	-	-
As at 30 June 2000	-	-	-	16,272	16,272	2,928	19,200
Accumulated Depreciation	-	-	-	-	-	-	-
As at 1 July 1999 (opening)	-	-	-	7,055	7,055	804	7,859
Disposals	-	-	-	-96	-96	-57	-153
Charge for the reporting period	-	-	-	2,356	2,356	404	2,760
Other movements	-	-	-	-	-	-	-
As at 30 June 2000	-	-	-	9,315	9,315	1,151	10,466
Net Book Value as at 30 June 2000 (Closing Book Value)	-	-	-	6,957	6,957	1,778	8,735
Net Book Value as at 1 July 1999 (Opening Book Value)	-	-	-	6,899	6,899	1,681	8,580

Total Additions

Self funded	-	-	-	11,523	11,523	500	12,023
Appropriations	-	-	-	1,524	1,524	-	1,524
Total	-	-	-	13,047	13,047	500	13,547

NOTES TO THE FINANCIAL STATEMENTS

Budget Statement of Revenues and Expenses

Departmental

Appropriations

The introduction of several budget measures in 1999-2000 is reflected in the higher level of appropriations for the budget and outyears.

Revenues from Other Sources -- Sales of Goods and Services

This revenue stream is directly related to the operations of the Royal Australian Mint. The increase in 1999-2000 reflects activities associated with the Sydney Olympics.

Revenues from Other Sources -- Other Revenue from Other Sources

The increase recorded in 2000-01 is attributable to a one-off receipt of $3.9 million in the form of a discount to the Department from the Treasury Building owners, associated with the take-up of tenancy in the refurbished building. These funds will be attributed to the cost of the fitout in the refurbished building.

Expenses

The increase in expenses in 1999-2000 is mainly due to the budget measures (see Table 1.2), coupled with increased production by the Royal Australian Mint.

Accumulated Results at Year End

The Department plans to achieve a zero result for the year ended 1999-2000. The $5.9 million operating surplus anticipated for 2000-2001 is due to the accounting treatment of the $3.9 million received (in the form of an incentive) from the Department of Finance and Administration -- Property Group associated with the take-up of tenancy in the refurbished building. The balances in that year and subsequent outyears are due to planned activities in the Royal Australian Mint.

Administered

Taxation Revenue

This item reflects revenue collected by the Commonwealth on behalf of the States and Territories as a result of a legal ruling which cast doubt on the constitutional validity of State business franchise fees.

At the request of the States and Territories, the Commonwealth put in place `safety net' arrangements to protect State and Territory finances, whereby the Commonwealth raises additional customs and excise duty on tobacco and petroleum products and sales tax on alcohol and returns the additional revenue to the States and Territories. These arrangements replace revenue from previous business franchise fees. The amounts involved are recorded as negative revenue in the accounts and detailed in the following table. These arrangements will be superseded by arrangements agreed at the 1999 Premiers' Conference.

	Estimated Actual		Estimated
	1998-99 $'000	1999-00 $'000	2000-01 $'000	2001-02 $'000	2002-03 $'000
Sales tax	-997,400	-1,051,500	-87,635	-	-
Excise duty -- petroleum products	-2,516,317	-2,604,525	-200,348	-	-
Excise duty -- tobacco	-2,947,161	-2,918,969	-56,134	-	-
Customs duty	-177,395	-175,894	-3,644	-	-
Total Taxation Revenue	-6,638,273	-6,750,888	-347,761	-	-

A range of other items are disaggregated as follows:

Interest and Dividends

	Estimated Actual		Estimated
	1998-99 $'000	1999-00 $'000	2000-01 $'000	2001-02 $'000	2002-03 $'000
Interest on housing agreements	223,542	175,153	172,262	169,249	166,110
Interest on state and territory debt	183,551	153,045	74,944	38,226	31,800
Interest and dividends from other sources	4,242,851	5,343,889	3,576,384	3,830,495	5,276,913
Total Interest and Dividends	4,649,944	5,672,087	3,823,590	4,037,970	5,474,823

Interest and dividends from other sources include interest from swaps, investments and dividend revenues from related parties.

Other Sources of Non-taxation Revenue

	Estimated Actual		Estimated
	1998-99 $'000	1999-00 $'000	2000-01 $'000	2001-02 $'000	2002-03 $'000
Royal Australian Mint and Coinage Trust Account -- Moneys in excess of requirements	62,500	98,200	61,700	52,000	52,000
Banking Act 1959 -- Unclaimed moneys	18,000	18,000	18,000	18,000	18,000
Fiscal contributions by State Governments	199,559	-	-	-	-
Housing Loans Insurance Corporation -- Premiums and recoveries	56,466	42,138	26,736	12,286	6,841
International Monetary Fund -- Remuneration	57,417	69,345	69,345	69,345	69,345
Receipt of SDR allocation under the International Monetary Agreements Act 1947	-	474,335	-	-	-
Financial sector supervisory levies	59,985	72,702	67,522	66,022	60,583
Other revenue	-6,311	1,058	-5,930	2,828	3,829
Total Other Sources of Revenue	447,616	775,778	237,373	220,481	210,598

Other Costs of Providing Goods and Services

	Estimated Actual		Estimated
	1998-99 $'000	1999-00 $'000	2000-01 $'000	2001-02 $'000	2002-03 $'000
Housing Loans Insurance Corporation -- Payments in respect of insurance claims	27,483	24,286	15,162	15,079	16,653
Foreign exchange loss	-499,950	-	-	-	-
Banking Act 1959	11,387	15,000	15,000	15,000	15,000
Community education and information programme on the tax system	19,443	-	-	-	-
International Monetary Agreements Act 1947	39,579	528,869	55,984	55,984	55,984
Early debt repayment adjustment	180,411
Australian National Railways Commission -- debt assumption	300,300	-	-	-	-
Other	6,319	5,827	4,073	2,747	2,330
Total Other Goods and Services	84,972	573,892	90,219	88,810	89,967

Grants

	Estimated Actual		Estimated
	1998-99 $'000	1999-00 $'000	2000-01 $'000	2001-02 $'000	2002-03 $'000
Grants to State and Territory Governments	17,183,505	17,913,579	652,410	2,094,256	1,407,361
Grants to other sectors	2,797	2,014	2,027	2,061	2,075
Total Grants	17,186,302	17,915,593	654,437	2,096,317	1,409,436

Interest and Other Financing Costs

	Estimated Actual		Estimated
	1998-99 $'000	1999-00 $'000	2000-01 $'000	2001-02 $'000	2002-03 $'000
Interest on government securities	7,361,216	6,655,089	5,702,528	5,104,014	4,601,691
Interest on Swaps	1,314,412	1,435,162	1,201,953	1,237,481	1,468,223
Interest on other debt	50,460	13,900	6,600	16,000	-
Net repurchase premia	330,000	387,000	693,000	331,000	33,000
Other financing costs	3,508	4,726	4,931	4,794	4,694
Total Interest and Other Costs	9,059,596	8,495,877	7,609,012	6,693,289	6,107,608

Budget Statement of Assets and Liabilities

Departmental

The $12.2 million increase in Total Liabilities and Equity, estimated to take effect in 1999-2000, is due to recording a work in progress liability for the Department's fitout in the refurbished Treasury Building.

The planned increase in annual cash holdings (from $0.8 million in 1998-99 up to $24.1 million in 2002-03) is mainly due to the Royal Australian Mint decreasing their holdings of inventories and non-financial investment levels.

	Estimated Actual		Estimated
	1998-99 $'000	1999-00 $'000	2000-01 $'000	2001-02 $'000	2002-03 $'000
International Monetary Fund -- SDR allocation	1,045,656	1,519,991	1,519,991	1,519,991	1,519,991
Swaps principal	1,731,439	1,505,584	1,368,912	933,201	723,405
Total Other Debt	2,777,095	3,025,575	2,888,903	2,453,192	2,243,396

Other Provisions and Payables

	Estimated Actual		Estimated
	1998-99 $'000	1999-00 $'000	2000-01 $'000	2001-02 $'000	2002-03 $'000
Interest payable	2,845,522	2,620,343	2,183,161	2,257,092	2,390,787
Provision for unclaimed moneys	39,779	41,779	43,779	45,779	47,779
Provision for insurance claims	21,386	15,655	9,494	4,914	2,736
Provision for unearned premiums	87,918	48,780	25,044	12,758	5,917
Other	6,394	9,295	9,295	9,295	9,295
Total Other Provisions and Payables	3,000,999	2,735,852	2,270,773	2,329,838	2,456,514

Receivables

	Estimated Actual		Estimated
	1998-99 $'000	1999-00 $'000	2000-01 $'000	2001-02 $'000	2002-03 $'000
Loans to State and Territory Governments	5,777,458	5,068,493	5,622,209	4,279,566	4,169,958
Other advances and loans	476,190	476,190	-	-	-
Other receivables	140,469	145,290	79,108	117,039	174,733
Total Receivables	6,394,117	5,689,973	5,701,317	4,396,605	4,344,691

Investments

	Estimated Actual		Estimated
	1998-99 $'000	1999-00 $'000	2000-01 $'000	2001-02 $'000	2002-03 $'000
International Financial Institutions	665,034	673,209	673,209	673,209	673,209
International Monetary Fund	7,192,000	7,192,000	7,192,000	7,192,000	7,192,000
Commonwealth Authorities	8,039,640	8,039,640	8,039,640	8,039,640	8,039,640
Total Investments	15,896,674	15,904,849	15,904,849	15,904,849	15,904,849

Appendix 1

Non-Appropriation Departmental and Administered Revenue^(a)

	Estimated Revenue	Estimated Revenue
	1998-99 $'000	1999-00 $'000
Departmental Revenue
Departmental Section 31 receipts	648	753
Royal Australian Mint revenue	27,428	34,217
Total Non-appropriation Departmental Revenue	28,076	34,970
Appropriations	53,352	65,300
Total Departmental Revenue	81,428	100,270
Administered Revenue
Advances to the Australian Capital Territory -- Interest	3,321	2,484
Advances to the States under the Housing Agreements -- Interest	133,121	101,814
Advances to the Northern Territory for Housing -- Interest	1,591	1,574
Advances to the States under the Housing Assistance Act 1973 -- Interest	188	151
Advances to the States under the States (Works and Housing Assistance) Acts -- Interest	88,184	71,185
Advances to the States under the War Service Lands Settlements Acts -- Interest	458	429
Banking Act 1959 -- Unclaimed moneys	18,000	18,000
Bank dividends	2,726,000	3,200,000
Fiscal contributions by State Governments	199,559	-
Housing Loans Insurance Corporation -- Recoveries from old book stock and premiums	56,466	42,138
Interest paid by States and the Northern Territory on other loans	180,230	150,561
Interest on financial assets	-	416,000
Loan management expenses -- Recoveries from the States and the Northern Territory	44	38
Loans Securities Amendment Act 1998 -- Swaps	1,515,088	1,690,151

Non-Appropriation Departmental and Administered Revenue (continued)^(a)

	Estimated Revenue	Estimated Revenue
	1998-99 $'000	1999-00 $'000
Receipts under the International Monetary Agreements Act 1947 (previously International Monetary Fund -- Remuneration)	59,180	581,419
Royal Australian Mint and Coinage Trust Account -- Moneys in excess of requirements	62,500	98,200
Seignorage payments -- Gold Corporation	295	617
States Grants (General Purposes) Act 1994 -- Revenue Replacement Payments	-6,638,273	-6,750,888
Financial sector supervisory levies	59,985	72,702
Miscellaneous -- Treasury Department	105	105
Other	-6,755	297
Total Non-appropriation Administered Revenue	-1,540,713	-303,023
Appropriations	33,109,304	33,703,047
Total Administered Revenue	31,568,591	33,400,024

Includes Appropriations to allow easier reconciliation to Total Departmental and Administered Revenue.

Appendix 2

Estimates of Expenses from Special Appropriations

	Estimated Expense	Estimated Expense
	1998-99 $'000	1999-00 $'000
Airports (Transitional) Act 1996 -- Former debts of the Federal Airports Corporation -- Interest	53,000	45,000
Commonwealth Inscribed Stock Act 1911, Loans Securities Act 1919, Loans Redemption and Conversion Act 1921	7,524,056	7,261,994
Loans Securities Amendment Act 1988 (Swaps) -- Interest	1,314,412	1,435,162
Financial Agreement Act 1994 -- Assistance for debt redemption	81,700	59,610
Loans Redemption and Conversion Act 1921	5	5
Loans Securities Amendment Act 1988 (Swaps) -- Principal	-441,821	-
Moomba -- Sydney Pipeline System Sale Act 1994	2,070	-
Financial Agreement Act 1994 -- Commonwealth Contribution to Debt Retirement Reserve Trust Account on State and Northern Territory Debt	5,189	4,998
Financial Agreement Act 1994 -- Interest on Debt Retirement Reserve Trust Account Balances	829	829
States Grants (General Purposes) Act 1994	16,943,326	17,706,357
Asian Development Bank (Additional Subscription) Act 1995	-	-
Banking Act 1959	11,387	15,000
Commonwealth Inscribed Stock Act 1911, Treasury Bills Act 1914 -- Payment of Special Bond premiums on redemption	5	5
International Monetary Agreements Act 1947	-18,550	528,869
Multilateral Investment Guarantee Agency Act 1997	-	-
Qantas Sale Act 1992 -- Qantas debt servicing	33,284	1,820
Early debt repayment adjustment	180,411	-
Loans Redemption and Conversion Act 1921	-29,400	-128,600
Loan Flotation Expenses	161	563
Loan Consolidation and Investment	-186,460	-605,550
Loans Redemption and Conversion Act 1921 -- Net repurchase premia	330,000	387,000
Total Estimated Expenses	25,803,604	26,713,062