Previous audits have identified that many departments and agencies need to improve their asset management practices. The AMAF has a strong focus on continuously improving asset management. Departments need well-planned approaches to use the AMAF to improve their practices, and departmental staff need to be well organised and clear about their roles.
Many public services rely on public assets such as trains, roads and schools to support their delivery. The Treasurer's 2017–18 Financial Report identifies that the State of Victoria controlled a total of $265 billion of non-financial assets at 30 June 2018. Inadequate management of these assets can affect the services these assets provide or support, and, therefore, the quality of life for all Victorians.
Victoria's roads, railways, schools and hospitals form part of $265 billion of non-financial assets that government departments and agencies manage. These assets support the delivery of services that affect all Victorians, so it is important to manage them well. Having up-to-date knowledge of assets and their condition helps government agencies get the best value from their asset-related investments, make good decisions about when to acquire, renew or divest assets, be responsive to changes in demand or use, and provide better services.
| AIMS | Asset Information Management System |
| AMAF | Asset Management Accountability Framework |
| DEDJTR | Department of Economic Development, Jobs, Transport and Resources |
| DELWP | Department of Environment, Land, Water and Planning |
| DET | Department of Education and Training |
| DHHS | Department of Health and Human Services |
Independent assurance report to Parliament
Ordered to be published
VICTORIAN GOVERNMENT PRINTER May 2019
PP No 27, Session 2018–19
Dear Presiding Officers
Figures H1 and H2 show spend and benefits for 2012–13 to 2016–17 reported by lead agencies DTF and DPC across all SPCs they lead.
Figure H1
DTF spend and benefits, 2012–13 to 2016–17
Figures G1 to G3 provide a breakdown of goods and services spend by the seven department by ANZSIC subdivision, group and class categories for 2016–17.
Figure G1
Goods and services spend of more than $5 million by ANZSIC subdivision categories, 2016–17
|
Subdivision categories |
|---|
Figure F1 provides ANZSIC division descriptions.
Figure F1
ANZSIC division descriptions
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Division |
Descriptions |
|
|---|---|---|
|
A |
Agriculture, Forestry and Fishing | |
The scope of data for the audit included expenditure from the seven departments for the financial years 2014–15, 2015–16 and 2016–17.
We used this expenditure data to perform the following tests:
Figures D1 and D2 provide examples of the type of information publicly available in the WA Department of Finance dashboard.
Figure D1
WA agency expenditure by the United Nations Standard Products and Services Code, 2016–17