New Zealand Gazette – 1970 – No. 32

Page 980

✨ Financial Summary and Audit Report



980
THE NEW ZEALAND GAZETTE
No. 32
SUMMARY OF BALANCES
At
31 MARCH 1969
ACCOUNT
$30,169,285 CONSOLIDATED REVENUE ACCOUNT
18,522,770 WORKS AND TRADING ACCOUNT ..
46,358,610 LOANS REDEMPTION ACCOUNT ...
62,035,711 NATIONAL DEVELOPMENT LOANS ACCOUNT ..
1,566,919 NATIONAL ROADS FUND ..
44,136,448 RESERVE FUND ..
287,574 SUSPENSE ACCOUNT
22,967,757 TRUST ACCOUNT
$226,045,074
At
31 MARCH 1970
$37,538,398
23,681,641
45,001,605
49,109,984
3,662,704
44,892,631
254,345
24,694,963
Total ..
$228,836,271
Cash received but not yet allocated.
COMPOSITION OF BALANCES
At
31 MARCH 1969
$
57,485,504 CASH ..
8,239,278 IMPRESTS
79,832,767 INVESTMENTS--
IN NEW ZEALAND
80,487,525 OVERSEAS
$226,045,074
At
31 MARCH 1970
$$
69,502,841
11,333,432
60,498,313
87,501,685
147,999,998
$228,836,271
Total ..
H. G. LANG,
Secretary to the Treasury.
7 May 1970.
L. G. DURBIN,
Finance Officer, Treasury.
7 May 1970.
REPORT OF THE AUDIT OFFICE
The Audit Office has audited the foregoing summary of the receipts and payments
of the Public Account for the year ended 31 March 1970 and, having made such
examination as was considered necessary in terms of Section 20, Public Revenues
Act 1953, is of opinion that, subject to the following comment, the summary
properly reflects the financial transactions of the Public Account for the year.
The limit of 1½% placed on unauthorised expenditure by Section 51 (4) of the Public
Revenues Act 1953 has been exceeded but a Public Revenues Amendment Bill,
seeking to authorise this over-expenditure retrospectively, has been introduced into
Parliament.
B. D. A. GREIG,
Controller and Auditor-General.
21 May 1970.
Price 10c
BY AUTHORITY: A. R. SHEARER, GOVERNMENT PRINTER, WELLINGTON, NEW ZEALAND--1970
76347--70 G


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✨ LLM interpretation of page content

💰 Summary of Balances of the Public Account

💰 Finance & Revenue
7 May 1970
Public Account, Financial Balances, Revenue, Loans, Reserve Fund, Suspense Account, Trust Account, Cash, Imprests, Investments
  • H. G. Lang, Secretary to the Treasury
  • L. G. Durbin, Finance Officer, Treasury

💰 Audit Office Report on Public Account Financial Transactions

💰 Finance & Revenue
21 May 1970
Audit Office, Public Account, Financial Transactions, Public Revenues Act 1953, Unauthorised Expenditure, Parliament
  • B. D. A. Greig, Controller and Auditor-General