Department of the Treasury
Section 1: Agency overview and resources	11
1.1	Strategic direction	11
1.2	Agency resource statement	12
1.3	Agency measures table	14
1.4	Additional estimates and variations	15
1.5	Breakdown of additional estimates by Appropriation Bill	16
Section 2: Revisions to agency outcomes and planned performance	17
2.1	Resources and performance information	17
Section 3: Explanatory tables and budgeted financial statements	19
3.1	Explanatory tables	19
3.2	Budgeted financial statements	19

Department of the Treasury
Section 1: Agency overview and resources
1.1	Strategic direction
There has been no significant change to the strategic direction of the Department of the Treasury (the Treasury) from that outlined in the Portfolio Budget Statements 2010-11 (pages 15‑17).
As a result of Administrative Arrangements Orders after the 2010 election, the sustainable population strategy function transferred from the Treasury to the Department of Sustainability, Environment, Water, Population and Communities.
The Treasury is seeking an additional $1.1 million in departmental outputs through Appropriation Bill (No. 3) 2010-11. This relates to an additional $0.9 million for the tax forum and $0.3 million for the banking reform education and awareness campaign, offset by a saving of $0.1 million for the termination of the Financial Reporting Panel.
The Treasury is also seeking an additional $16.5 million in administered expenses through Appropriation Bill (No. 3) 2010-11.  This relates to an additional $9.9 million for the banking reform education and awareness campaign and $6.6 million for the education tax refund information campaign.  The education tax refund information campaign will be offset by redirecting funding from the Australian Taxation Office’s Private Health Insurance and Superannuation media campaigns.

1.2	Agency resource statement
Table 1.1 shows the total resources from all origins. The table summarises how resources will be applied by outcome and departmental classification.
Table 1.1: Department of the Treasury resource statement — additional estimates for 2010-11 as at Additional Estimates February 2011

Table 1.1: Department of the Treasury resource statement — additional estimates for 2010-11 as at Additional Estimates February 2011 (continued)

1	Includes the transfer of $0.938 million under section 32 of the Financial Management and Accountability Act 1997 to the Department of Sustainability, Environment, Water, Population and Communities.
2	Appropriation Bill (No. 3) 2010-11.

1.3	Agency measures table
Table 1.2 summarises new Government measures taken since the 2010-11 Budget.
Table 1.2: Agency Measures since Budget

Note: Details of these measures are in the Mid-Year Economic and Fiscal Outlook 2010-11.
(a)	Measures that impact on Appropriation Bills No. 3 and No. 4 that were agreed after the Mid-Year Economic and Fiscal Outlook.

1.4	Additional estimates and variations
Table 1.3 details the additional estimates resulting from new measures since the 2010‑11 Budget.
Table 1.3: Additional estimates and variations to outcomes from measures since 2010-11 Budget

Note:  These figures represent the fiscal balance impact.

Table 1.4: Additional estimates and variations to outcomes from other variations
The Treasury does not have any other variations since the 2010-11 Budget that affect Appropriation Bills No. 3 and No. 4.

1.5	Breakdown of additional estimates by Appropriation Bill
The following table details the additional estimates sought for the Treasury through Appropriation Bill No. 3. The Treasury is not seeking funding through Appropriation Bill No. 4.
Table 1.5: Appropriation Bill (No. 3) 2010-11

Note: The 2010-11 budget figure for departmental items includes the transfer of $0.938 million under section 32 of the Financial Management and Accountability Act 1997 to the Department of Sustainability, Environment, Water, Population and Communities.

Section 2: Revisions to agency outcomes and planned performance
2.1	Resources and performance information
There has been no change to outcomes or the outcome strategy for the Treasury from that included in the Portfolio Budget Statements 2010-11 (pages 24-25).
There has been no change to the program objective, expenses, deliverables or key performance indicators for programs 1.2 to 1.10 that affect Appropriation Bills No. 3 and No. 4.
Programs 1.4 to 1.10 relate to Australia’s Federal Relations. Further details of Australia’s Federal Relations are on pages 61 to 126 of the Mid‑Year Economic and Fiscal Outlook 2010-11.
Table 2.1: Budgeted expenses and resources for Outcome 1

Program 1.1: Department of the Treasury
There has been no change to the program objective, deliverables or key performance indicators from that included in the Portfolio Budget Statements 2010-11.
Table 2.2: Program resources

Section 3: Explanatory tables and budgeted financial statements
3.1	Explanatory tables
3.1.1	Estimates of special account flows
Special accounts provide a means to set aside and record amounts used for specific purposes. Table 3.1.1 shows the expected additions (receipts) and reductions (payments) for each account used by the Treasury.
Table 3.1.1: Estimates of special account cash flows and balances

(A) Administered.
(D) Departmental.

3.2	Budgeted financial statements
3.2.1	Analysis of budgeted financial statements
The Department of the Treasury is budgeting for a departmental breakeven operating result for 2010-11.
The Department of the Treasury has a sound financial position and currently has sufficient cash reserves to fund provisions and payables, and asset replacement, as they fall due.
3.2.2	Budgeted financial statements
Table 3.2.1: Budgeted departmental comprehensive income statement 
(for the period ended 30 June)

Prepared on Australian Accounting Standards basis.

Table 3.2.2: Budgeted departmental balance sheet
(as at 30 June)

Prepared on Australian Accounting Standards basis.

Table 3.2.3: Budgeted departmental statement of cash flows
(for the period ended 30 June)

Prepared on Australian Accounting Standards basis.

Table 3.2.4: Departmental statement of changes in equity — summary of movement (budget year 2010-11)

Prepared on Australian Accounting Standards basis.

Table 3.2.5: Departmental capital budget statement

Prepared on Australian Accounting Standards basis.

Table 3.2.6: Statement of asset movements — Departmental (2010-11)

Prepared on Australian Accounting Standards basis.

Table 3.2.7: Schedule of budgeted income and expenses administered on behalf of Government (for the period ended 30 June)

Prepared on Australian Accounting Standards basis.

Table 3.2.8: Schedule of budgeted assets and liabilities administered on behalf of Government (as at 30 June)

Prepared on Australian Accounting Standards basis.

Table 3.2.9: Schedule of budgeted administered cash flows
(for the period ended 30 June)

Prepared on Australian Accounting Standards basis.

Table 3.2.10: Schedule of Administered Capital Budget

Prepared on Australian Accounting Standards basis.

Notes to the financial statements
The Treasury’s budgeted statements are prepared on an accrual basis in accordance with:
•	the Government’s financial budgeting and reporting framework; and
•	Australian Accounting Standards and Interpretations issued by the Australian Accounting Standards Board.
Under the Government’s accrual budgeting framework, and consistent with Australian Accounting Standards, transactions that departments control (departmental transactions) are separately budgeted for, and reported on, from transactions departments do not have control over (administered transactions). This ensures that departments are only held accountable for the transactions over which they have control.
Departmental assets, liabilities, revenues and expenses are controlled by the department. Departmental expenses include employee and supplier expenses and other administrative costs, which are incurred by the department in providing goods and services.
Administered items are revenues, expenses, assets or liabilities which are managed by the department on behalf of the Government according to set government directions. Administered expenses include subsidies, grants and personal benefit payments, and administered revenues include taxes, fines and excises.