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Australian Office of Financial management
Section 1: Overview, additional estimates and variations to outcomes
Overview
There has been no change to the overview included in the 2000-01 Portfolio Budget Statements.
Additional estimates and variations to outcomes
Measures
The Australian Office of Financial Management (AOFM) has no additional measures since the 2000-01 Portfolio Budget Statements.
Other variations to appropriations
The AOFM will be returning a saving of $0.749 million. This saving is a result of the withdrawal of the AOFM's agency loan. The loan was to be repaid over seven years and was to be drawn on for the acquisition of leasehold improvements. Agency cash reserves will now be used to fund this acquisition. It should be noted that the change to the estimates will not affect the capacity of the AOFM to deliver its outcome and output.
The variation in the AOFM's net annotated appropriations (Section 31) receipts (see Table 1.5) is as a result of the review of offsetting arrangements under the Agency Banking Incentive Scheme. The new estimate of interest earnings for the AOFM is $20,000.
Chart 4: Australian Office of Financial Management outcomes and outputs
Breakdown of additional estimates by appropriation bill
Table 1.3: Appropriation Bill (No. 4) 2000-01
Summary of agency savings
The saving of $0.749 million represents the withdrawal of the AOFM's agency loan in 2000-01.
Variations to revenue from other sources through net annotated appropriations (section 31) receipts
Table 1.5: Changes to net annotated appropriations (section 31) receipts
