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Financials
Board Budget
|
Actual
2000/2001
$000 |
Estimated
2001/2002
$000 |
Actual
2001/2002
$000 |
Estimated
2002/2003
$000 |
| Income |
|
|
|
|
| Practising licenses |
1,626 |
1,640 |
1,833 |
1,593 |
| Examination / registration
fees |
202 |
181 |
261 |
238 |
| Sale of publications |
113 |
122 |
133 |
121 |
| Miscellaneous revenue |
98 |
310 |
28 |
278 |
| Certificates of compliance |
743 |
754 |
749 |
779 |
| Total income |
2,782 |
3,007 |
3,004 |
3,009 |
| Expenditure |
|
|
|
|
| Personnel |
748 |
700 |
647 |
672 |
| Operating |
1,490 |
1,699 |
1,437 |
1,331 |
| Depreciation |
53 |
39 |
59 |
212 |
| Capital charge |
1 |
10 |
8 |
7 |
| Support services |
354 |
397 |
672 |
623 |
| Total expenditure |
2,646 |
2,845 |
2,823 |
2,845 |
| Surplus (deficit) from
operations |
136 |
162 |
181 |
164 |
Accumulated Surpluses
|
Actual
2001/2002
$000 |
Estimated
2002/2003
$000 |
| Opening balance |
249 |
430 |
| Add surplus (deficit) |
181 |
0 |
| Closing balance |
430 |
430 |
Revenue
Miscellaneous revenue incorporates fines and sundry income.
Unbudgeted practising licence renewals, previously allocated
to Miscellaneous Revenue, are now included in Practising
Licence Revenue giving rise to the annual differentials.
Expenditure
Personnel costs have decreased by $101,000, and it is
expected that more savings will be made in the future due to
the introduction of the Board's Strategic Plan.
Depreciation has increased by $6,000 for the year and it is
expected to increase a further $153,000 in 2002/2003. This
increase is due to the introduction of the Board's web enabled
databases.
Support services have increased by $318,000 for the year.
This increase is made up of costs associated with aligning the
Board's personnel structure with the strategy contained in the
Board's Strategic Plan.
Operating costs have reduced by $53,000 for the year.
The information contained in these statements forms part of
the Ministry of Economic Development consolidated statements
audited by Audit New Zealand. These accounts are GST
exclusive.
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