❓ Mr. Wyatt questions the significant increase in receivables for the Office of the Auditor General (OAG) and its capacity to manage them. The Treasurer explains the change is due to a new funding model and assures there are no anticipated collection problems.
AnsweredQoN 3344Legislative Assembly
QuestionView source ↗
Page 162 of the 2010–2011 State Budget Paper No. 2 shows the balance of receivables for the Office of the Auditor General (OAG) was budgeted in 2009–2010 to be $624,000 and is estimated to be $5.2 million in 2010–2011. I ask:
(a) why are receivables estimated to increase significantly;
(b) what is the current capacity of the OAG to manage receivables;
(c) what is the OAG’s capacity to manage receivables throughout 2010–2011; and
(d) does the Treasurer anticipate any collection problems with this increase in receivables?
(a) why are receivables estimated to increase significantly;
(b) what is the current capacity of the OAG to manage receivables;
(c) what is the OAG’s capacity to manage receivables throughout 2010–2011; and
(d) does the Treasurer anticipate any collection problems with this increase in receivables?
AnswerView source ↗
Answered
10 August 2010
Response time
48 days
(a) Receivables primarily relate to the fees collected from Government agencies for our audit work. These were previously reported as administered transactions however in 2009-10 we moved to a net appropriation funding model which results in the receivables being included in the balance sheet for the Office of the Auditor General.
(b) The OAG has strong capacity to manage receivables. The receivables for the Office are primarily from government agencies and as such there is no expectation of default.
(c) The OAG has strong capacity to manage receivables throughout 2010-11. Due to the nature of the debtors there is no expectation of default.
(d) No, there is no expectation of any collection problems with the increase in receivables.
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(b) The OAG has strong capacity to manage receivables. The receivables for the Office are primarily from government agencies and as such there is no expectation of default.
(c) The OAG has strong capacity to manage receivables throughout 2010-11. Due to the nature of the debtors there is no expectation of default.
(d) No, there is no expectation of any collection problems with the increase in receivables.
Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on
http://www.rtlib.com
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