New Zealand Gazette – 1971 – No. 41

Page 1094

✨ Financial Statements and Audit Report



SUMMARY OF BALANCES

At ACCOUNT At
31 MARCH 1970 31 MARCH 1971
$ $
37,538,398 CONSOLIDATED REVENUE ACCOUNT 42,866,916
23,681,641 WORKS AND TRADING ACCOUNT .. 7,530,292
45,001,605 LOANS REDEMPTION ACCOUNT ... 53,807,533
49,109,984 NATIONAL DEVELOPMENT LOANS ACCOUNT 53,749,323
3,662,704 NATIONAL ROADS FUND 787,734
44,892,631 RESERVE FUND 59,231,051
254,345 SUSPENSE ACCOUNT* 264,633
24,694,963 TRUST ACCOUNT .. 25,675,780
$228,836,271 Total ... $243,913,262

*Cash received but not yet allocated.

COMPOSITION OF BALANCES

At At
31 MARCH 1970 31 MARCH 1971
$ $
69,502,841 CASH 72,913,436
11,333,432 IMPRESTS 13,246,532
INVESTMENTS— $
60,498,313 IN NEW ZEALAND 40,468,465
87,501,685 OVERSEAS 117,284,829
157,753,294
$228,836,271 Total ... $243,913,262

H. G. LANG,

Secretary to the Treasury.

6 May 1971.

L. G. DURBIN,

Finance Officer, Treasury.

6 May 1971.

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 1971 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.

Expenditure of $1,172,211 previously brought to charge during the year from
imprests was re-transferred to imprests outstanding. But for this transaction the
unauthorised expenditure would not have been within the limit imposed by section 51 (4),
Public Revenues Act 1953.

K. GILLIES,

Controller and Auditor-General.

19 May 1971.


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✨ LLM interpretation of page content

💰 Summary of Balances for Consolidated Revenue, Works and Trading, Loans Redemption, National Development Loans, National Roads, Reserve, Suspense, and Trust Accounts

💰 Finance & Revenue
6 May 1971
Financial balances, revenue accounts, trading accounts, loan accounts, reserve fund, trust accounts, public account
  • H. G. Lang, Secretary to the Treasury
  • L. G. Durbin, Finance Officer, Treasury

💰 Audit Report on Public Account Financial Transactions for Year Ended 31 March 1971

💰 Finance & Revenue
19 May 1971
Audit report, public account, financial transactions, imprests, unauthorised expenditure, Public Revenues Act
  • K. Gillies, Controller and Auditor-General