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Appendix K: Expense & resources outcome, agency resource statement & financial performance analysis
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Outcome 1: Simple, fair and flexible workplace relations for employees and employers through the exercise of powers to set and vary minimum wages and modern awards, facilitate collective bargaining, approve agreements and deal with disputes. |
Budget* |
Actual expenses |
Variation |
|---|---|---|---|
|
2015–16 |
2015–16 |
2015–16 |
|
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Programme 1: Dispute resolution, minimum wages, orders and approval of agreements |
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Departmental expenses |
|
|
|
|
Departmental appropriation1 |
81,979 |
82,574 |
(595) |
|
Expenses not requiring appropriation in the budget year2 |
4,583 |
3,076 |
1,507 |
|
Total for programme and outcome |
86,562 |
85,650 |
912 |
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Outcome 1: Totals by Appropriation Type |
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|
Departmental expenses |
|
|
|
|
Departmental appropriation1 |
81,979 |
82,574 |
(595) |
|
Expenses not requiring appropriation in the budget year2 |
4,583 |
3,076 |
1,507 |
|
Total for programme and outcome |
86,562 |
85,650 |
912 |
|
Average staffing level (number) |
336 |
343 |
(7) |
* Full year budget, including any subsequent adjustments made to the 2015-16 Budget
1 Departmental Appropriation combines 'Ordinary annual services (Appropriation Bill No. 1)' and 'Revenue from independent sources.'
2 Expenses not requiring appropriation in the Budget year is made up of Depreciation Expense, Amortisation Expense, Makegood Expense, and Audit Fees.
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|
Actual available appropriation for |
Payments made or repealed |
Balance remaining |
|
|---|---|---|---|---|
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|
|
2015–16 |
2015–16 |
2015–16 |
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Ordinary annual services1 |
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Departmental appropriation |
|
|
|
|
|
Prior year departmental appropriation2 |
40,301 |
40,301 |
0 |
|
|
Departmental appropriation3 |
81,968 |
46,964 |
35,004 |
|
|
s.74 retained revenue receipts4 |
2,809 |
2,809 |
0 |
|
|
Total ordinary annual services |
125,078 |
90,074 |
35,004 |
|
|
Departmental non operating1 |
||||
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Equity injections |
|
0 |
0 |
0 |
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Total Departmental non-operating |
0 |
0 |
0 |
|
|
Total available annual appropriations |
125,078 |
90,074 |
35,004 |
|
|
Total net resourcing for the Fair Work Commission |
125,078 |
90,074 |
35,004 |
|
- Appropriation Bill (No. 1) 2015–16. Including the balance of prior year Departmental appropriations.
- Estimated adjusted balance carried forward from previous year.
- Includes an amount of $2.418 m for the Departmental Capital Budget. For accounting purposes this amount has been designated 'contributions by owners.'
- Retained Revenue receipts under s.74 of the PGPA Act.
Table 68 shows the total resources from all origins. The table summarises how resources will be applied by outcome and by administered and departmental classification.
Financial performance analysis
The Commission is a non-corporate entity under the PGPA Act. The Commission's audited financial statements for 2015–16 are at Appendix G.
The Commission's operating revenue from government for the 2015–16 financial year was $79.550 million. The Commission received own source revenue of $2.866 million, primarily represented by sub lease rental income.
Operating expenses decreased in 2015–16 to $85.650 million ($86.150 million in 2014–15). The major expenses in 2013–14 were $51.821 million in respect of employee expenses, $30.804 million relating to supplier payments and $3 million in asset depreciation, amortisation and related expenses.
The Commission is likely to face some budget pressure in the 2016-17 year with the reduction of funding as a result of the abolition of the Road Safety Remuneration Tribunal on 21 April 2016. At the same time, other work, such as that associated with the referrals from the Trade Union Royal Commission, has required additional staffing and legal resources. To manage the impact of these factors in the year ahead, a number of staff accepted voluntary redundancies at the end of the 2015 16 financial year. Consequently, in 2015–16 the Commission ran a funded loss excluding depreciation and amortisation of $211,000, compared with a surplus in 2014–15 of $764,000.
Performance against budget and comparison to the 2014–15 year is presented for both operating and administered activities in the primary financial statements included in the annual report at Appendix G. Commentary is also provided to explain major variances to budget.
A summary table of resources for outcome, including total administered expenses, revenue from government (appropriations) for outputs and the total price of outputs can be found on Table 67 of this report. An agency resource statement table providing information about funding sources drawn upon by the Commission is at page 223 (see Table 68) of this report.