Statement of trust money

Annual Report for the year ended 30 June 2009.

for the year ended 30 June 2009

On 1 November 1996, the Office was appointed Secretary-General of the Pacific Association of Supreme Audit Institutions (PASAI). PASAI exists to encourage, promote, and advance co-operation among its public audit members.

A trust account records the financial transactions the Office carries out on behalf of PASAI. All trust money transactions are recorded on a cash basis.

None of the transactions associated with the PASAI trust account are recorded within the Statement of financial performance or the Statement of financial position.

22 Opening balance at 1 July 22
2 Receipts 60
(2) Payments (71)
22 Closing balance at 30 June 11

The accompanying notes form part of these financial statements.

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