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3.6 Budget and financial management

'Over the last four years, the National Blood Authority on behalf of all Australian governments has spent over $2 billion on the supply of blood and blood-related products.'

The National Blood Authority is an Australian Government agency that must comply with the Financial Management and Accountability Act 1997. During the year, the National Blood Authority met all of the Department of Finance and Administration's monthly reporting deadlines and implemented policies and procedures to further improve budgeting processes as specified by the department. These included:

Integrated Data Management System

In 2006–07 the National Blood Authority made significant progress in implementing an Integrated Data Management System. The system will provide the National Blood Authority with an integrated capability for facilitating the supply management of blood and blood-related products across core functional areas including:

The project development schedule for the Integrated Data Management System has been revised to include an additional period for design validation. A significant part of this project has been data cleansing and system design, which has been time consuming but essential to ensure the accuracy of the forecasting capability.

The Integrated Data Management System has been designed to facilitate further development of the National Supply Plan and Budget process and move towards multi-year budgeting and demand and supply planning.

Financial statements

The National Blood Authority aspires to produce unqualified financial statements each year, with categories that are rated no higher than B. This year the National Blood Authority has unqualified statements and one category B finding.

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