Finances and Contracts
The Audit Office generates revenue in excess of $30 million per annum and has more than 400 clients ranging from large statutory authorities and departments to small subsidiary companies.
The main income of the Audit Office is earned from financial audit fees with the largest expenditure item being salaries and related expenses. The Audit Office's performance audits are reimbursed directly by Treasury as are the costs of production and production and publication of the Auditor-General's Reports to Parliament. For further information on our finances please refer to our latest annual report.
The Government Information (Public Access) Act 2009 (GIPA Act) requires the Audit Office of New South Wales to maintain a publicly available register detailing contracts worth more than $150,000 between us and a private sector body.
The contracted private body must have agreed to:
- undertake a specific project (for example, construction, infrastructure or property development)
- provide specific goods or services (for example, information technology services)
- transfer real property to another party in the contract, or
- a lease of real property.
Contracts that are not required to be recorded on the register include:
- contracts entered into before 1 July 2010
- contracts between the Audit Office and other government agencies
- contracts with a value less than $150, 000
- employment contracts.
Current contracts with the private sector
To make the people of New South Wales proud of the work we do.
To help parliament hold government accountable for its use of public money.
Purpose – we have an impact, are accountable and work as a team.
People – we trust and respect others, and have a balanced approach to work.
Professionalism – we are recognised for our independence and integrity and the value we deliver.
In 2012 we won both a Gold Australasian Reporting Award and Governance Reporting Special Award.