New Zealand Gazette – 1976 – No. 88

Page 1860

✨ Financial Summary and Audit Report



SUMMARY OF BALANCES

At ACCOUNT At
30 JUNE 1975 30 JUNE 1976
$ $
Dr. 149,480,374 CONSOLIDATED REVENUE ACCOUNT* Dr. 107,808,320
24,518,897 WORKS AND TRADING ACCOUNT . . 14,821,924
130,786,184 LOANS REDEMPTION ACCOUNT 308,881,993
32,239,835 NATIONAL DEVELOPMENT LOANS ACCOUNT* 109,928,825
Dr. 7,832,697 NATIONAL ROADS FUND 3,180,977
106,972,879 RESERVE FUND 2,651,783
105,494,109 SUSPENSE ACCOUNT† 157,619,719
60,741,483 TRUST ACCOUNT 60,026,932
$303,440,316 Total $549,303,833

*Included in the balance of Consolidated Revenue Account is a temporary transfer from National Development Loans Account of $55,000,000, made on 31 March 1976 in terms of section 40, Public Revenues Act 1953. In accordance with subsection (2) the transfer was required to be repaid to National Development Loans Account not later than 30 June 1976. The transfer was not repaid but validating legislation for the non-repayment is being sought in clause 3 of the Finance Bill now before Parliament.

†Cash received but not yet allocated.

COMPOSITION OF BALANCES

At At
30 JUNE 1975 30 JUNE 1976
$ $
Dr. 216,960,671 CASH Dr. 15,112,210
265,776,851 IMPRESTS 326,248,241
26,773,938 INVESTMENTS—
227,850,198 IN NEW ZEALAND 11,154,459
OVERSEAS 227,013,343
238,167,802
$303,440,316 Total $549,303,833

H. G. LANG,
Secretary to the Treasury.
20 July 1976.

R. G. DE JARDINE,
Director (Finance), Treasury.
20 July 1976.

REPORT OF THE AUDIT OFFICE

The Audit Office has audited the foregoing summary of the receipts and payments of the Public Account for the quarter ended 30 June 1976 and, having made such examination as was considered necessary in terms of section 20, Public Revenues Act 1953, is of the opinion that the summary properly reflects the financial transactions of the Public Account for the quarter.

A. C. SHAILES,
Controller and Auditor-General,
3 August 1976.


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✨ LLM interpretation of page content

💰 Summary of Account Payments and Balances (continued from previous page)

💰 Finance & Revenue
20 July 1976
Financial Summary, Account Balances, Cash, Investments, Imprests
  • H. G. Lang, Secretary to the Treasury
  • R. G. De Jardine, Director (Finance), Treasury

💰 Audit Office Report on Financial Transactions

💰 Finance & Revenue
3 August 1976
Audit Report, Financial Transactions, Public Account
  • A. C. Shailes, Controller and Auditor-General