Treasurers Annual Financial Report and results of General Government - - PowerPoint PPT Presentation

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Treasurers Annual Financial Report and results of General Government - - PowerPoint PPT Presentation

Dec 07, 2023 374 likes •593 views

Report of the Auditor-General 2016-17 Financial Audits Volume 1 Treasurers Annual Financial Report and results of General Government Sector Entities 2016-17 Presentation to Members of Parliament 30 November 2017 Report contents

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Report of the Auditor-General 2016-17 Financial Audits Volume 1

Treasurer’s Annual Financial Report and results of General Government Sector Entities 2016-17

Presentation to Members of Parliament 30 November 2017

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Report contents

  • Treasurer’s Annual Financial Report (TAFR)
  • Brief summaries for:

– Government Departments – Tasmanian Health Service (THS) – other General Government Sector (GGS) Entities and other State entities

  • Disposal of firearms and ammunition audit

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Presentation

Today’s presentation will cover:

  • Entities within the report
  • Developments within the sector
  • Submission and certification details
  • Audit Findings
  • Discussion of financial results at GGS and TSS level
  • Disposal of firearms and ammunition

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Entities within the report

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Developments within the sector

  • Mersey Community Hospital Transfer
  • Tasmanian Government Superannuation Reform
  • Related Parties Disclosure
  • Financial Management Act 2016

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Submission of reports and timeliness

  • f opinions

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Certification of submitted financial reports

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Findings from audits

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Findings from audits

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GGS Underlying net operating balance (4-Year trend)

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TSS Underlying net operating balance (4-Year trend)

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GGS Revenue (4-Year trend)

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Australian Government funding as a % of revenue (4-Year trend)

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GGS Capital investment

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GGS % of Capital spend against budget

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Net worth and Net debt

  • GGS Net worth to $9.68bn (35%)
  • GGS Net debt

to negative $0.79bn (6%)

  • TSS Net worthto

$9.68bn (35%)

  • TSS Net debt to negative $0.81bn (514%)

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Fiscal strategies

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No. Strategy 2016-17 1 Annual growth in GGS operating expenses < average growth in revenue. 2 Debt and defined benefit superannuation liabilities annual servicing cost < 6.0% of GGS receipts. 5 Infrastructure investment > depreciation expense.

฀ ฀ X

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GGS Defined benefit superannuation liability

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GGS Defined benefit superannuation liability

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Disposal of firearms and ammunition

  • DPFEM – has responsibility under the Firearms Act 1996
  • Audit indicated that:

– Act was complied with in relation to the disposal of firearms – Unable to express an opinion on ammunition

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Thank you

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