Department of Transport Annual Report 2010 - 2011

Taxi Industry Development Account
2011
$ 000
2010
$ 000
Opening balance 17 667 13 065
Receipts:
Licence fees 7 585 6 909
Interest income 932 526
Other revenue 1 046 1 562
9 563 8 997
Payments:
Consultants’ fees (1 282) (1 133)
Other payments (4 487) (3 262)
(5 769) (4 395)
Closing balance 21 461 17 667
The purpose of this Account is to hold funds received by the Department for the
purposes of the Taxi Act 1994.
41. Special purpose accounts (continued)
Receipts in Suspense
Opening balance 4 235 3 424
Receipts credited to suspense account 16 616 9 353
Receipts transferred from suspense account (16 658) (8 542)
Closing balance 4 193 4 235
Pursuant to section 26 (2) of the Financial Management Act, the purpose of this
Account is to hold funds pending identification of the purpose for which these
monies were received.
42. Supplementary financial information
Write-offs
2011
$ 000
2010
$ 000
During the Financial Year, assets valued at $ 7,055
were written off the Department’s asset register
under the authority of:
The Accountable Authority 7 12
Losses through theft, defaults and other causes
The Department suffered no losses of public money or other property through theft,
defaults or other causes during the current financial period.
Gifts of public property
The Department provided no gifts of public property during the current financial
period.
43. Indian Ocean Territories Service Level Agreement
The provision of services to the Indian Ocean
territories are recouped from the Commonwealth
government.
2011
$ 000
2010
$ 000
Balance at the start of the year 6 -
Receipts 105 94
Payments ( 114) ( 88)
Balance at the end of the year ( 3) 6
91