The Victorian public sector includes 11 portfolio departments
and 201 associated entities through which the government delivers
its policy objectives, services and public infrastructure. This
report covers the outcomes and observations from the external
fiancial audit of these 212 entities.
At the date of preparation of this report, clear audit opinions
had been issued for all 11 portfolio departments and the 183
associated entities who had completed their financial
For the 46 self-funded entities, the most significant challenge
facing their finanical sustainability is self-financing, with 23
entities generating insufficient cash from operations to fund new
assets and asset renewals. Twelve entities were rated as a high
financial sustainability risk.
Leave management and grant management practices in the 11
portfolio departments were adequate.
Weaknesses were identified in IT change management at the 11
portfolio departments, CenITex and Shared Business Systems.
Similarly, management, governance and oversight of IT security was
adequate at the portfolio departments, CenITex and Shared Business
Systems. However, IT security policies could be stengthened.