Section 3: Budgeted financial statements
Section 3 presents budgeted financial statements which provide a comprehensive snapshot of IA's finances for the 2019–20 Budget year, including the impact of Budget measures and resourcing on financial statements.
3.1 Budgeted financial statements
3.1.1 Explanatory notes and analysis of budgeted financial statements
Budgeted departmental income statement
IA is budgeting for an operating loss of $1.0m in 2018-19 resulting from expenses associated with the work being undertaken on the Australian Infrastructure Audit.
IA's expected expense budget is $11.6m in 2019–20.
In 2019–20, IA will continue to develop its corporate capability to support the provision of independent advice.
The expense budget reflects the work programs for IA in 2019–20, including the provision of advice on nationally significant infrastructure matters, evaluation of project proposals and development of further research regarding the identification and application of best practice planning delivery and operation of Australia's infrastructure networks.