New Zealand Gazette – 1979 – No. 74

Page 2366

✨ Financial Summary and Audit Report



2366 THE NEW ZEALAND GAZETTE No. 74

SUMMARY OF BALANCES

At 30 June 1978 Account At 30 June 1979
$(000) $(000)
Dr. 414,675 Consolidated Account Dr. 561,570
273,885 Loans Account 673,442
116,660 Loans Redemption Account Dr. 149,943
5,311 National Roads Fund 9,078
187,308 Reserve Account 98,715
195,132 Suspense Account* 542,294†
82,180 Trust Account 47,016
$445,801 Total $659,032

*Cash received but not yet allocated.

†Includes proceeds from cash loans raised and Treasury bills issued amounting to $342,277,889 lodged to Public Account by the Reserve Bank of New Zealand during the quarter.

COMPOSITION OF BALANCES

At 30 June 1978 At 30 June 1979
$(000) $(000)
Dr. 73,330 Cash 47,635
225,550 Imprests 195,145
Investments—
14,789 In New Zealand 17,220
278,792 Overseas 399,032
416,252
$445,801 Total $659,032

Note: The figures shown in this summary do not reflect the required changes in balances of investments and imprests arising from the devaluation of the New Zealand dollar with effect from 22 June 1979.

N. V. Lough,
Secretary to the Treasury.
20 July 1979.

R. G. de Jardine,
Director (Finance), Treasury.
20 July 1979.

REPORT OF THE AUDIT OFFICE

The Audit Office, having been appointed in terms of section 25 of the Public Finance Act 1977, has audited the foregoing summary of the receipts and payments of the Public Account for the quarter ended 30 June 1979. In terms of section 67 of that Act, the Audit Office is of the opinion that the summary, subject to the above note, properly reflects the financial transactions of the Public Account for the quarter.

J. T. Chapman,
Deputy Controller and Auditor-General.
31 July 1979.

Price 30c BY AUTHORITY: P. D. HASSELBERG, GOVERNMENT PRINTER, WELLINGTON, NEW ZEALAND—1979

31032A—79G


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✨ LLM interpretation of page content

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

💰 Finance & Revenue
Financial summary, Public account, Receipts, Payments, Three months ended 30 June 1979

💰 Summary of Balances and Composition of Balances

💰 Finance & Revenue
20 July 1979
Financial balances, Consolidated Account, Loans Account, Reserve Account, Trust Account
  • N. V. Lough, Secretary to the Treasury
  • R. G. de Jardine, Director (Finance), Treasury

💰 Report of the Audit Office

💰 Finance & Revenue
31 July 1979
Audit report, Public Finance Act 1977, Financial transactions, Public Account
  • J. T. Chapman, Deputy Controller and Auditor-General