3.7 Budget and financial management

The NBA is an Australian Government agency that must comply with the Financial Management and Accountability Act 1997. During the year, the NBA met all of the Department of Finance and Deregulation’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 2007–08, the NBA implemented an integrated data management system. The system provides the NBA with an integrated capability for facilitating the supply management of blood and blood-related products across core functional areas including:

The integrated data management system has been designed to facilitate further development of the National Supply Plan and Budget process and move towards multiyear budgeting and demand and supply planning.

Financial statements

The NBA aspires to produce unqualified financial statements each year with categories that are rated no higher than B. This year, the NBA has unqualified statements and no Category B findings.

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