Chapter 10: Financial Statements

How we are Funded

How we are Funded

Parliament, via the Appropriation Acts, provides PM&C with two types of funding: departmental and administered.

PM&C use departmental resources to deliver services (programs). We also administer payments, revenues and other resources on behalf of government, which controls how we use them and requires us to account for them separately.

PM&C's resources are outlined in Figure 10.3 and the allocation to outputs and administered items for 2009-10 is detailed in Figure 10.4. A shaded background indicates that information relates to an administered resource, both in the table and in the formal financial statements that follow it.

How we measure our performance

We published detailed financial forecasts in the Portfolio Budget Statements, released on budget night.

Our overall focus is on providing accurate estimates and achieving a balanced financial outcome.