The 2017-18 Annual Budget is the Government’s key policy statement and financial plan for the upcoming financial year and forward estimates period for the Territory and the territory entities. The Budget Papers are presented on an accrual accounting basis. Accrual accounting discloses the full cost of providing government services and indicates the ability of government to deliver services into the future. This data contains operating statements, balance sheets, cash flow statements, taxes, revenue, grants, expenditure, purchases, and economic indicators.
In accordance with the Government Procurement Act 2001, from 1 July 2015, the Government is publishing relevant information about its notifiable invoices. The requirement is consistent with Open Government and applies to all Territory entities. The Notifiable Invoices Register, in conjunction with the ACT Government Contracts Register provides transparency about Government purchasing to the community.
Notifiable Invoices are invoices with a value of $25,000 or more for goods, services or works received by the Territory or a Territory entity. The Territory publishes details of notifiable invoices within 21 days after the end of the month in which the invoice was paid.
For reporting from July 1 2017, the Territory will be including date invoice received in the notifiable invoices register. A number of points should be taken into account when using this information:
- For the June 2017 reporting period, this field is the date that a valid invoice was received by the responsible Territory entity, however in small number of cases, it relates to the date the invoices was initially entered into the financial processing system of the Territory entity where known.
- A small proportion of notifiable invoices do not have date received information recorded. This is due to a variety of reasons including some cases of scheduled payments under agreements or contracts not having an explicit invoice received date, and several reporting entities not yet being able to transmit to the Territory central finance system the date invoice received.