Appendix C. Milestone dates
Figure C1
Material entity milestone dates
Department of Treasury and Finance AFR production milestone for finalising the financial report including audit opinion |
||
|---|---|---|
Material entity |
Met |
Not met |
Appendix B. Material entities
Figure B1
Material entities for the 2012–13 year
General government sector |
|
|---|---|
Alfred Health |
|
Austin Health |
|
Barwon Health |
|
Country Fire Authority |
|
Department of Business and Innovation |
Appendix A. VAGO reports on the results of financial audits
Figure
A1
VAGO reports on the results of the 2012–13 financial audits
Report |
Description |
|---|---|
Auditor-General's Report on the Annual Financial Report of the State of Victoria, 2012–13 This report. |
5 Public private partnerships
At a glance
Background
This Part analyses and comments on two significant public private partnerships (PPP) under construction, and another in its operating phase. We summarise the total cost to the state for each of the three PPPs, drawing together contract payments as well as additional costs incurred directly by the state, to provide a level of transparency that is not available in general purpose financial statements.
4 Significant projects and developments
At a glance
Background
This Part details the progress of significant projects underway at 30 June 2013. It also discusses changes to the provision of public information on project costs and the challenges that presents.
3 The state's financial result
At a glance
Background
This Part analyses and comments on the state's financial position and performance for 2012–13 by interpreting the results reported to Parliament in the Annual Financial Report of the State of Victoria, 2012–13 (AFR).
Conclusion
This Part analyses and comments on the state's financial position and performance for 2012–13 by interpreting the results reported to Parliament in the Annual Financial Report of the State of Victoria, 2012–13 (AFR).
2 Annual Financial Report of the State of Victoria audit result
At a glance
Background
This Part reports on the results of the Annual Financial Report of the State of Victoria, 2012–13 (AFR) financial statement audit.
Conclusion
The Auditor-General issued a clear audit opinion on the AFR, providing reasonable assurance that the AFR was reliable, accurate, and prepared in accordance with the requirements of the Financial Management Act 1994 and Australian accounting standards and interpretations.
1 Background
1.1 Introduction
The Financial Management Act 1994 (FMA) governs the financial administration, accountability and reporting of the Victorian public sector. It requires the annual preparation of a consolidated financial report of the state, known as the Annual Financial Report of the State of Victoria (AFR).
Audit summary
At 30 June 2013 the State of Victoria controlled net assets of $123 632 million and during 2012–13 collected revenue of $54 203 million. Public accountability for the collection, spending and management of the state's resources is fundamental to good government. In Victoria the legislative framework requires the government to report on the state's finances, and the Auditor-General to audit that report.
Auditor-General’s Report on the Annual Financial Report of the State of Victoria, 2012–13: Message
Ordered to be printed
VICTORIAN GOVERNMENT PRINTER November 2013
PP No 279, Session 2010–13