Budget portfolio outcomes The following budget portfolio outcomes statements are not subject to audit by the Victorian The budget portfolio outcomes statements provide a AuditorGeneral’s Office. They are not prepared on the comparison between the actual financial information same basis as the Department’s financial statements of all general government entities within the portfolio as they include the consolidated financial information and the forecasted financial information published in of Essential Services Commission and CenITex in the budget papers. The budget portfolio outcomes addition to that of the Department. Essential Services comprise the comprehensive operating statement, Commission and CenITex are not consolidated in the balance sheet, statement of changes in equity, cash Department’s audited financial statements enclosed flow statement, and administered items statement. within this annual report, as they prepare separate annual reports for tabling in Parliament. Further, the The budget portfolio outcomes have been prepared on Department’s audited financial statements include a consolidated basis and include all general certain whole of government transactions, as referred government entities within the portfolio. Financial to in Note 22. Otherwise, albeit in different format, the transactions and balances are classified into either following statements are reflective of the audited controlled or administered, consistent with the financial statements. published statements in the budget papers.
Budget portfolio outcomes The budget portfolio outcomes statements provide a comparison between the actual financial information of all general government entities within the portfolio and the forecasted financial information published in the budget papers. The budget portfolio outcomes comprise the comprehensive operating statement, balance sheet, statement of changes in equity, cash flow statement, and administered items statement. The budget portfolio outcomes have been prepared on a consolidated basis and include all general government entities within the portfolio. Financial transactions and balances are classified into either controlled or administered, consistent with the published statements in the budget papers. The following budget portfolio outcomes statements are not subject to audit by the Victorian AuditorGeneral’s Office. They are not prepared on the same basis as the Department’s financial statements as they include the consolidated financial information of Essential Services Commission and CenITex in addition to that of the Department. Essential Services Commission and CenITex are not consolidated in the Department’s audited financial statements enclosed within this annual report, as they prepare separate annual reports for tabling in Parliament. Further, the Department’s audited financial statements include certain whole of government transactions, as referred to in Note 22. Otherwise, albeit in different format, the following statements are reflective of the audited financial statements.
DTF-Annual-Report-2015-16.docx