Legislative and policy compliance legal and compliance risks system to monitor compliance with relevant laws, regulations and associated government policies compliance with international conventions annual certificate of compliance report Internal audit monitoring of internal audit’s coverage and its alignment to the assessment of key risks monitoring of the Audit Committee’s annual work plan adequacy of internal audit resources audit program monitoring of management’s implementation of audit recommendations review of all audit reports and provision of advice to the Accountable Authority review of Audit Committee performance External audit financial statement and performance audit coverage review of external audit plans and reports regarding planned or completed audits monitoring of management’s response on implementation of audit recommendations Governance arrangements periodic review of governance arrangements Other responsibilities parliamentary committee reports and external reviews performance reporting framework. Responsibilities of committee members Members of the audit committee are expected to understand and observe the legal requirements of the Public Governance, Performance and Accountability Act 2013 and regulations. Members are also expected to: act in the best interests of the Great Barrier Reef Marine Park Authority apply good analytical skills, objectivity and good judgement express opinions constructively and openly, raise issues that relate to the Audit Committee’s responsibilities and pursue independent lines of enquiry contribute the time required to review meeting papers provided. Table 21: Meetings of the Great Barrier Reef Marine Park Authority Audit Committee 2014–15 Meeting Date Location Attendance AC 64 27 August 2014 Townsville Roy Peterson; Phillip Fogarty; Margie McKenzie Michael O’Keeffe AC 65 20 November 2014 Townsville Roy Peterson; Phillip Fogarty; Margie McKenzie Michael O’Keeffe Michael O’Keeffe AC 66 19 February 2015 Townsville Roy Peterson; Phillip Fogarty; Margie McKenzie Michael O’Keeffe AC 67 20 May 2015 Townsville Roy Peterson; Phillip Fogarty; Margie McKenzie Michael O’Keeffe Internal audit reports During 2014–15 internal audits were undertaken in the following areas of operation: income
Cash Flow Statement for the period ended 30 June 2015 OPERATING ACTIVITIES Cash received Appropriations Notes 2015 $'000 27,145 2014 $'000 28,412 Receipts from Government 11,478 12,524 Permit assessment fees 350 341 Reef HQ admission fees 1,363 1,449 GST received 112 164 Payments from Queensland Government for Field Management Program 8,372 8,372 Section 72 receipts transferred from OPA 1,303 - Other 1,957 3,269 Total cash received 52,080 54,531 Cash used Grants 12 42 Employees 21,899 22,712 Suppliers 16,250 16,231 GST paid 1,525 1,398 Payments to Queensland Government for Field Management Program 12,457 12,282 Section 72 receipts transferred to OPA - 1,748 Total cash used 52,143 54,413 Net cash from/(used by) operating activities 12 (63) 118 INVESTING ACTIVITIES Cash used Purchase of property, plant and equipment 904 1,154 Total cash used 904 1,154 Net cash from/(used by) investing activities (904) (1,154) FINANCING ACTIVITIES Cash received Contributed equity 775 880 Total cash received 775 880 Net Cash from/(used by) Financing activities 775 880 Net increase/(decrease) in cash held (192) (156) Cash and cash equivalents at the beginning of the reporting period 324 480 Cash and cash equivalents at the end of the reporting period 8A 132 324 The above statement should be read in conjunction with the accompanying notes.
Administered Schedule of Assets and Liabilities as at 30 June 2015 Notes 2015 $'000 ASSETS Financial Assets Cash and cash equivalents 20 - Receivables - Environmental management charge 20 1,649 Receivables - GST input tax credits 20 - Receivables - CDPP Court ordered fines 20 729 Total financial assets 2,378 Non-Financial Assets Island properties 21A,B 3,880 Total non-financial assets 3,880 Total assets administered on behalf of Government 6,258 LIABILITIES Payables Suppliers 22 - Environmental management charge payable to Commonwealth 22 1,649 CDPP court ordered fines payable to Commonwealth 22 729 Other payables 22 - Total payables 2,378 Total liabilities administered on behalf of Government 2,378 Net assets/(liabilities) 3,880 The above schedule should be read in conjunction with the accompanying notes. 2014 $'000 132 1,008 23 732 1,895 9,150 9,150 11,045 155 1,008 732 - 1,895 1,895 9,150
Administered Reconciliation Schedule 2015 $'000 Opening assets less liabilities as at 1 July 9,150 Net (cost of)/contribution by services Income 6,137 Expenses - Transfers (to)/from the Australian Government: Appropriation transfers from Official Public Account Annual appropriations - Appropriation transfers to Official Public Account Transfers to OPA (6,137) Administered revaluations taken to reserves (5,270) Closing assets less liabilities as at 30 June 3,880 The above schedule should be read in conjunction with the accompanying notes. 2014 $'000 9,150 5,739 (900) 900 (5,739) - 9,150
Note 17: Administered - Expenses Note 17: Suppliers Notes 2015 2014 $'000 $'000 Goods and services supplied or rendered Suppliers - 900 Total good and services supplied or rendered - 900 Goods and services supplied in connection with 900 External parties - Total goods and services supplied - 900 Total suppliers - 900 Note 18: Administered - Income REVENUE Notes 2015 2014 $'000 $'000 Non-Taxation Revenue Note 18: Sale of Goods and Rendering of Services Rent from island properties 245 297 Infringement notices - external parties 232 98 Environmental management charge - external parties 5,660 5,344 Total sale of goods and rendering of services 6,137 5,739
Note 22: Administered - Payables Note 22: Suppliers Trade creditors and accruals Environmental management charge payable to Commonwealth CDPP court ordered fines payable to Commonwealth Other payables Total suppliers Supplier payables expected to be settled within 12 months Related entities External parties Total supplier Settlement was usually made within 30 days (2014: 30 days) Notes 2015 $'000 - 1,649 729 - 2,378 2,378 - 2,378 2014 $'000 155 1,008 732 - 1,895 1,740 155 1,895 Note 23: Administered - Cash Flow Reconciliation Reconciliation of cash and cash equivalents as per administered schedule of assets and liabilities to administered Cash Flow Statement Cash and cash equivalents as per Schedule of administered cash flows Schedule of administered asset and liabilities Discrepancy Reconciliation of net cost of services to net cash from/(used by) operating activities Net (cost of)/contribution by services Changes in assets / liabilities Assets (Increase)/Decrease in net receivables Liabilities Increase/(Decrease) in supplier payables Increase/(Decrease) in environmental management charge payable to Commonwea Increase/(Decrease) in CDPP Court order fines payable to Commonwealth Increase/(Decrease) in other payables Net cash from/(used by) operating activities Notes 20B 22 lth 22 22 22 2015 $'000 - - - 6,137 (615) (155) 641 (3) - 6,005 2014 $'000 132 132 - 4,839 149 98 (106) (58) (5) 4,917