Reports
Actions for Volume Twelve 2015 Part One Trade & Investment and TAFE
Volume Twelve 2015 Part One Trade & Investment and TAFE
Serious system limitations prevented TAFE NSW from providing sufficient and appropriate evidence to support recorded student revenue of $477 million, student receivables and accrued income of $47.6 million and unearned revenue of $398 million.
These limitations resulted in:
- a qualified audit opinion being issued for TAFE NSW;
- delays in enrolling students;
- inability to fully reconcile cash balances;
- difficulties in reconciling student enrolments with revenues recorded in the financial statements;
- large volumes of manual processing.
Actions for Volume Twelve 2015 Part Two Water
Volume Twelve 2015 Part Two Water
The distributions to the NSW Government increased from $690 million in 2013-14 to $1.0 billion in 2014-15. The increase was largely due to a higher dividend from Sydney Water Corporation.
Actions for Volume Eight 2015 Family and Community Services
Volume Eight 2015 Family and Community Services
Placement reviews are not undertaken for all children and young people in statutory care. Caseworkers are required to review placements annually to assess the health, wellbeing, education and social life of the child. Over three-quarters of children and young people received placement reviews in 2014-15 compared to about half of them in the previous twelve months.
Actions for Volume Five 2015 Premier and Cabinet
Volume Five 2015 Premier and Cabinet
Volume Five 2015 covered Premier and Cabinet agencies such as the Department of Premier and Cabinet, Office of Sport, Venues NSW, Barangaroo Delivery Authority and Infrastructure NSW.
Actions for Volume Two 2015 focusing on Universities
Volume Two 2015 focusing on Universities
Generally, NSW universities are in a sound financial position, but average operating margins are falling and operating expenditure is growing faster than operative revenue.
The university sector’s average operating margin fell from 6.6 per cent in 2013 to 4.8 per cent in 2014 and combined operating expenditure grew 0.9 per cent more than operating revenue. Employee expenses in 2014 increased by an average of 5.1 per cent and other expenses by 5.8 per cent.
Operating expenditure grew at a faster pace than operating revenue at six of the ten NSW universities.
Actions for Areas of focus from 2014
Areas of focus from 2014
Actions for Volume Fourteen 2014 Focusing on Trade and Investment
Volume Fourteen 2014 Focusing on Trade and Investment
There are 63 agencies in the DTIRIS cluster. These agencies include nine electricity and eight water agencies that were reported in the NSW Auditor-General’s report to Parliament Volume Five 2014 on 11 November 2014. Commentary in this volume is on the remaining 46 DTIRIS cluster agencies. The findings found the quality of financial statements in the trade and investment cluster needs to improve.
Actions for Volume Thirteen 2014 Focusing on Education and Communities
Volume Thirteen 2014 Focusing on Education and Communities
The quality of financial statements in the education and communities cluster continues to improve with fewer reported misstatements over the last three years. The financial statements of all agencies within this cluster received unqualified audit opinions. The Department of Education and Communities has 24 performance targets for early childhood through to tertiary education. Seven of these are either not being achieved or unlikely to be achieved.
Actions for Volume Eleven 2014 Focusing on Planning and Environment
Volume Eleven 2014 Focusing on Planning and Environment
The quality of financial reporting in the planning and environment cluster continues to improve with fewer reported misstatements over the last two years. The financial statements of all agencies within this cluster received unqualified audit opinions, except for one small agency where the audit is incomplete. Many cluster agencies’ actual revenues, expenses, assets and liabilities varied from budget by more than five per cent, suggesting financial management and budgetary controls could be improved.
Actions for Volume Nine 2014 Focusing on Family and Community Services
Volume Nine 2014 Focusing on Family and Community Services
The quality of agencies’ financial statements in the Family and Community Services cluster continues to improve with the number of misstatements identified during audit steadily decreasing over the past five years. The financial statements of all cluster agencies were submitted on time and received unqualified audit opinions. Family and Community Services finds it difficult to fill all funded caseworker positions, with an average ten per cent vacancy rate for the past five years.