Memorandum accounts
Memorandum accounts are notional accounts to record the accumulated balance of surpluses and deficits incurred for outputs operating on a full cost recovery basis. They are intended to provide a long-run perspective to the pricing of outputs.
| |
2005/06
Actual
$000 |
2006/07
Budget
$000 |
2006/07
Estimated
Actual
$000 |
2007/08
Budget
$000 |
Building controls
|
| Opening balance at 1 July |
(2,996) |
(29) |
1,685 |
(165) |
| Revenue |
19,067 |
18,072 |
18,490 |
18,214 |
| Expenses |
(14,386) |
(16,552) |
(20,340) |
(14,824) |
| Closing balance at 30 June |
1,685 |
1,491 |
(165) |
3,225 |
| |
Occupational licensing - building practitioners
|
|
|
|
|
| Opening balance at 1 July |
(1,537) |
(4,375) |
(4,346) |
(8,706) |
| Opening balance adjustment to remove costs not recoverable under terms of the Building Act 2004 |
- |
- |
1,181 |
- |
| Revenue |
6 |
1,399 |
36 |
2,834 |
| Expenses |
(2,815) |
(4,678) |
(5,577) |
(4,850) |
| Closing balance at 30 June |
(4,346) |
(7,654) |
(8,706) |
(10,722) |
| |
Occupational licensing - electrical workers
|
| Opening balance at 1 July |
- |
- |
- |
1,932 |
| Transfer deficit from Ministry of Economic Development |
- |
1,868 |
1,868 |
- |
| Revenue |
- |
3,372 |
3,372 |
4,089 |
| Expenses |
- |
(3,308) |
(3,308) |
(4,021) |
| Closing balance at 30 June |
- |
1,932 |
1,932 |
2,000 |