FINANCIAL RESULT
The ABCC recorded an operating surplus of $4.150 million for 2011-12. The operating surplus reflects the full 2011-12 year departmental appropriation of the ABCC which is required to be treated as revenue in the ABCC financial statements as required by Australian Accounting Standards and the Finance Minister’s Orders (FMOs).
Accordingly, the actual surplus for the 11 months to 31 May 2012 was considerably less.
Refer to part 4 of this report for the ABCC financial statements.
Table 3.1 summarises the total resources in comparison to the total payments made during the year.
TABLE 3.1 ABCC RESOURCE STATEMENT 2011-12
|
Actual available appropriation for 2011-12 |
Payments |
Balance |
Ordinary annual services |
|
|
|
Prior year departmental appropriation |
38,249 |
28,634 |
9,615 |
Departmental appropriation1 |
36,006 |
– |
36,006 |
s.31 FMA Act Relevant Agency Receipts |
576 |
– |
576 |
Total ordinary annual services |
74,831 |
28,634 |
46,197 |
Total Net Resourcing for the |
74,831 |
28,634 |
46,197 |
TABLE 3.2 ABCC EXPENSES AND RESOURCES FOR OUTCOME
Outcome 1 |
Budget* |
Actual |
Variation |
Program 1.1: Workplace relations |
|
|
|
Departmental expenses: |
|
|
|
Ordinary annual services |
33,622 |
28,859 |
4,763 |
Expenses not requiring |
1,759 |
1,173 |
586 |
Total for Program 1.1 |
35,381 |
30,032 |
5,349 |
Outcome 1 Totals by Appropriation Type |
|
|
|
Departmental expenses: |
|
|
|
Ordinary annual services |
33,622 |
28,859 |
4,763 |
Expenses not requiring |
1,759 |
1,173 |
586 |
Total expenses for Outcome 1 |
35,381 |
30,032 |
5,349 |
* FULL YEAR BUDGET, INCLUDING ANY SUBSEQUENT ADJUSTMENT MADE TO THE 2011-12 BUDGET.
TABLE 3.3 ABCC STAFFING LEVELS
|
2011-12 |
2012-13 |
Average Staffing Level (number) |
152.09 |
– |
Table 3.2 summarises the expenses and resources the ABCC required to achieve its outcome, i.e. enforcing workplace relations laws in the building and construction industry.