The Government’s financial year end is 31 March. The Treasury produces two sets of annual accounts, reporting revenue (income and expenditure), capital and fund transactions for each year.
The first of these (‘Detailed Government Accounts’) are detailed, unaudited accounts for Government Departments and Offices but not the non-revenue funded Statutory Boards (Isle of Man Post, Isle of Man Water Authority, Manx Electricity Authority) or Government owned companies. They are produced in time for the May sitting of Tynwald.
The second of these (‘Isle of Man Government Accounts’) are a summarised set of accounts and are subject to external audit. Key changes to the audited accounts in recent years are as follows:
- 2008-09: group accounts include transactions and balances for companies owned by Government (in addition to those of the revenue-funded Statutory Boards).
- 2007-08: prepared and audited in accordance with the Audit Act 2006 and the Accounts and Audit Regulations 2007 (as amended) and includes group accounts consolidating transactions and balances of the revenue-funded Statutory Boards.
- 2006-07 and previous: required to comply with the Audit Act 1983.
In addition to the above, the Treasury also collates a publishes a document (‘Financial Information and Miscellaneous Accounts’) which provides additional information which was not included in the published Annual Accounts of the Isle of Man Government. and presents other audited and unaudited annual accounts, such as of Amenity Funds, Gifts and Donations Accounts, Endowment Accounts, Trust Funds and other deposited funds which are held by Government Departments on behalf of third parties.
Details of the Government’s annual Budget can be found here.
The Accounts of the non-revenue funded Statutory Boards can be obtained from the Statutory Boards as follows: