Section 2: Resources for 2007-08
2.1 Appropriations and other resources
The total capital appropriation for the Royal Australian Mint (Mint) in the 2007-08 Budget is $15.1 million. This appropriation represents the capital funding for refurbishment, the purchase of plant and equipment and internal security and upgrade of associated systems. The total resources (including capital appropriation) required for the Mint’s operations in 2007-08 is estimated to be $71.2 million.
Table 2.1 shows the total resources from all origins for 2007-08, including appropriations. The table summarises how resources will be applied by outcome, administered and departmental classification.
Table 2.1: Appropriations and other resources 2007-08
2.2 2007-08 Budget measures
The following table summarises the Mint’s Budget measures as explained in Budget Paper No. 2, Budget Measures 2007-08.
Table 2.2: Royal Australian Mint measures
2.3 Other resources available to be used
The following table provides details of resources obtained by the Mint for provision of goods or services. These resources are approved for use by the Mint and are also included in Table 2.1.
The use of a special account established under the Financial Management and Accountability Act 1997 (FMA Act) enables the Mint to fund its operations relating to the production of circulating coin from the revenue received from the Reserve Bank of Australia (RBA). As such, funds are received indirectly via the amounts retained from seigniorage for the production of circulating coin.
The Mint uses the revenue relating to the sales of numismatic coins and like products to fund its other operations.
Table 2.3: Other resources available to be used
2.4 Movement of administered funds
Table 2.4: Movement of administered funds between years
The Mint does not have any movement of administered funds.
2.5 Special appropriations
Table 2.5: Estimates of expenses from special appropriations
The Mint does not have any special appropriations.
2.6 Movements in special accounts
Special accounts provide a means to set aside and record amounts used for specified purposes. Table 2.6 shows the expected additions (credits) and reductions (debits) for each account used by the Mint. The Mint uses a special account for all of its operations.
Table 2.6: Estimates of special account cash flows and balances
Note: This special account is departmental in nature and is established under section 20 of the Financial Management and Accountability Act 1997.