Australian Office of Financial Management

Section 1: Overview, variations and measures

Agency overview

There has been no change to the overview included in the 2004-05 Portfolio Budget Statements (page 105).

Additional estimates and variations to outcomes

The following variations contributed to a net increase in agency outputs of $0.022 million for the Australian Office of Financial Management (AOFM).

Measures

The AOFM has no measures since the 2004-05 Budget.

Other variations to appropriations

The AOFM is seeking additional price of outputs funding of $0.022 million in 2004-05 for wage cost indexation.

Map 2: Outcomes and output groups for the agency

Breakdown of additional estimates by appropriation bill

Table 1.2: Appropriation Bill (No. 3) 2004-05

Table 1.3: Appropriation Bill (No. 4) 2004-05

Summary of staffing changes

Table 1.4: Average staffing level (ASL)

Variations to revenue from other sources through net annotated (Section 31) receipts

An estimated increase in net annotated (section 31) receipts of $0.020 million is expected due to the cost recovery of inscribed stock registry fees.

Table 1.5: Changes to net annotated appropriations (Section 31) receipts

Agency and administered revenues

Table 1.6: Revenue from independent sources

(1) Comprises foreign denominated bonds only.

Estimates of expenses from special appropriations

Table 1.7: Estimates of expenses from special appropriations

Estimated special account flows

Table 1.8: Estimated special account flows

(1) The revised opening balance for 2004-05 (reference A) is the same as the final actual closing balance for 2003-04 (reference B). This balance may have changed from that shown in the 2004-05 Portfolio Budget Statements as the actual for 2003-04 will have been updated to reflect the final budget outcome for the year.

(2) This special account is administered in nature and is governed by the Financial Agreement Act 1994.

---