❓ Hon. Norman Moore questions the Treasurer about the allocation of surplus funds to the New MetroRail and Fiona Stanley Hospital projects, specifically regarding the accounting treatment of these allocations. The Treasurer's representative provides references to specific sections of the 2006-07 Annual Report on State Finances.
AnsweredQoN 465Legislative Council
QuestionView source ↗
FUNDING ALLOCATIONS — STATE BUDGET
(1) Will the Treasurer identify the line items and years in the general government operating cash flow statements showing the surpluses from previous years allocated as funding for the New MetroRail and Fiona Stanley Hospital? (2) Why were both funding exercises not treated the same in the accounts? Hon KATE DOUST
(1) Will the Treasurer identify the line items and years in the general government operating cash flow statements showing the surpluses from previous years allocated as funding for the New MetroRail and Fiona Stanley Hospital? (2) Why were both funding exercises not treated the same in the accounts? Hon KATE DOUST
AnswerView source ↗
I thank the honourable member for some notice of this question. (1) The funding allocated to the New MetroRail and Fiona Stanley Hospital projects came from the consolidated account surplus. The consolidated account is a subset of the general government sector, and is not disclosed separately in the operating and cash flow statements. The application of surplus consolidated account cash since 2003-04 is detailed in table 9 on page 24 of the 2006-07 annual report on state finances. Footnote (a) to table 7.1 on page 139 of the 2006-07 ARSF identifies the consolidated account cash surplus for 2005-06 and 2006-07 at $1 408 million and $1 314 million respectively. (2) The treatment of the two exercises was in accordance with the circumstances prevailing at the time of the decision to use surplus cash.
(2) Why were both funding exercises not treated the same in the accounts? Hon KATE DOUST replied: I thank the honourable member for some notice of this question. (1) The funding allocated to the New MetroRail and Fiona Stanley Hospital projects came from the consolidated account surplus. The consolidated account is a subset of the general government sector, and is not disclosed separately in the operating and cash flow statements. The application of surplus consolidated account cash since 2003-04 is detailed in table 9 on page 24 of the 2006-07 annual report on state finances. Footnote (a) to table 7.1 on page 139 of the 2006-07 ARSF identifies the consolidated account cash surplus for 2005-06 and 2006-07 at $1 408 million and $1 314 million respectively. (2) The treatment of the two exercises was in accordance with the circumstances prevailing at the time of the decision to use surplus cash.
Hon KATE DOUST replied: I thank the honourable member for some notice of this question. (1) The funding allocated to the New MetroRail and Fiona Stanley Hospital projects came from the consolidated account surplus. The consolidated account is a subset of the general government sector, and is not disclosed separately in the operating and cash flow statements. The application of surplus consolidated account cash since 2003-04 is detailed in table 9 on page 24 of the 2006-07 annual report on state finances. Footnote (a) to table 7.1 on page 139 of the 2006-07 ARSF identifies the consolidated account cash surplus for 2005-06 and 2006-07 at $1 408 million and $1 314 million respectively. (2) The treatment of the two exercises was in accordance with the circumstances prevailing at the time of the decision to use surplus cash.
I thank the honourable member for some notice of this question. (1) The funding allocated to the New MetroRail and Fiona Stanley Hospital projects came from the consolidated account surplus. The consolidated account is a subset of the general government sector, and is not disclosed separately in the operating and cash flow statements. The application of surplus consolidated account cash since 2003-04 is detailed in table 9 on page 24 of the 2006-07 annual report on state finances. Footnote (a) to table 7.1 on page 139 of the 2006-07 ARSF identifies the consolidated account cash surplus for 2005-06 and 2006-07 at $1 408 million and $1 314 million respectively. (2) The treatment of the two exercises was in accordance with the circumstances prevailing at the time of the decision to use surplus cash.
(1) The funding allocated to the New MetroRail and Fiona Stanley Hospital projects came from the consolidated account surplus. The consolidated account is a subset of the general government sector, and is not disclosed separately in the operating and cash flow statements. The application of surplus consolidated account cash since 2003-04 is detailed in table 9 on page 24 of the 2006-07 annual report on state finances. Footnote (a) to table 7.1 on page 139 of the 2006-07 ARSF identifies the consolidated account cash surplus for 2005-06 and 2006-07 at $1 408 million and $1 314 million respectively. (2) The treatment of the two exercises was in accordance with the circumstances prevailing at the time of the decision to use surplus cash.
(2) The treatment of the two exercises was in accordance with the circumstances prevailing at the time of the decision to use surplus cash.
(2) Why were both funding exercises not treated the same in the accounts? Hon KATE DOUST replied: I thank the honourable member for some notice of this question. (1) The funding allocated to the New MetroRail and Fiona Stanley Hospital projects came from the consolidated account surplus. The consolidated account is a subset of the general government sector, and is not disclosed separately in the operating and cash flow statements. The application of surplus consolidated account cash since 2003-04 is detailed in table 9 on page 24 of the 2006-07 annual report on state finances. Footnote (a) to table 7.1 on page 139 of the 2006-07 ARSF identifies the consolidated account cash surplus for 2005-06 and 2006-07 at $1 408 million and $1 314 million respectively. (2) The treatment of the two exercises was in accordance with the circumstances prevailing at the time of the decision to use surplus cash.
Hon KATE DOUST replied: I thank the honourable member for some notice of this question. (1) The funding allocated to the New MetroRail and Fiona Stanley Hospital projects came from the consolidated account surplus. The consolidated account is a subset of the general government sector, and is not disclosed separately in the operating and cash flow statements. The application of surplus consolidated account cash since 2003-04 is detailed in table 9 on page 24 of the 2006-07 annual report on state finances. Footnote (a) to table 7.1 on page 139 of the 2006-07 ARSF identifies the consolidated account cash surplus for 2005-06 and 2006-07 at $1 408 million and $1 314 million respectively. (2) The treatment of the two exercises was in accordance with the circumstances prevailing at the time of the decision to use surplus cash.
I thank the honourable member for some notice of this question. (1) The funding allocated to the New MetroRail and Fiona Stanley Hospital projects came from the consolidated account surplus. The consolidated account is a subset of the general government sector, and is not disclosed separately in the operating and cash flow statements. The application of surplus consolidated account cash since 2003-04 is detailed in table 9 on page 24 of the 2006-07 annual report on state finances. Footnote (a) to table 7.1 on page 139 of the 2006-07 ARSF identifies the consolidated account cash surplus for 2005-06 and 2006-07 at $1 408 million and $1 314 million respectively. (2) The treatment of the two exercises was in accordance with the circumstances prevailing at the time of the decision to use surplus cash.
(1) The funding allocated to the New MetroRail and Fiona Stanley Hospital projects came from the consolidated account surplus. The consolidated account is a subset of the general government sector, and is not disclosed separately in the operating and cash flow statements. The application of surplus consolidated account cash since 2003-04 is detailed in table 9 on page 24 of the 2006-07 annual report on state finances. Footnote (a) to table 7.1 on page 139 of the 2006-07 ARSF identifies the consolidated account cash surplus for 2005-06 and 2006-07 at $1 408 million and $1 314 million respectively. (2) The treatment of the two exercises was in accordance with the circumstances prevailing at the time of the decision to use surplus cash.
(2) The treatment of the two exercises was in accordance with the circumstances prevailing at the time of the decision to use surplus cash.
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