Document ID: chunk:federal_register_of_legislation:F2013C00209:body:0:p7
Version: federal_register_of_legislation:F2013C00209
Segment Type: other
Provision Reference: 
Character Range: 15019–17701

February.

For example: Where a funding recipient wants to receive a Roads to Recovery payment in the quarter 1 October to 31 December 2010, it must submit a quarterly report in respect of the previous quarter (1 July to 30 September 2010) and that report must be submitted by 31 October 2010.

Note: Where a funding recipient does not wish to receive a Roads to Recovery payment during a particular quarter, it is not required to provide a quarterly report in respect of the previous quarter.  However, it is strongly encouraged to do so, to enable the Department to monitor progress on individual projects.

5.9 The funding recipient must in each quarterly report submitted specify in respect of each project:

(a) the amount of Roads to Recovery payments spent during the period commencing on 1 July 2009 and ending on the last day of the quarter to which the quarterly report relates; and

(b) the amount of Roads to Recovery payments which the funding recipient intends to spend on that project in the following quarter.

             Note: The figures in the quarterly reports can be prepared on a cash or an accrual basis.

Part 6: Accountability
6.1 A funding recipient must properly account for Roads to Recovery payments.

Annual report

6.2 For each financial year in which a funding recipient receives, spends or retains any Roads to Recovery payment, the Chief Executive Officer of the funding recipient must give to the Department by 31 October after the end of the financial year:

(a) a written financial statement in the form set out in Schedule 1 as to:

(i) the amount of Roads to Recovery payments which remained unspent from the previous financial year;

 Note: This amount is to be shown in column 1 of the Chief Executive Officer's financial statement as 'Amount brought forward from the previous financial year'.

(ii) the amount of Roads to Recovery payments received by the funding recipient in the year to which the report relates;

(iii) the amount of Roads to Recovery payments available for expenditure by the funding recipient on the construction or maintenance of roads in the financial year to which the statement relates;

(iv) the amount spent by the funding recipient during that year out of Roads to Recovery payments available for expenditure by the funding recipient during that year;

(v) the amount (if any) retained at the end of the year by the funding recipient out of Roads to Recovery payments available for expenditure by the funding recipient during that year and which remain unspent at the end of that year; and

 Note to clause 6.2(a)(v): This amount is to be shown in column 5 of the Chief Executive Officer's financial statement