Before the Victorian Government funds a public sector project, agencies must show that they have examined the need for the investment, understood the underlying context of the need, and can propose strategic interventions and project options to solve the problem and deliver benefits to the community and the economy.

This strategic conceptualising and planning process helps agencies to develop a detailed business case, which is the typical vehicle used to seek government approval and funding of a project.

Melbourne's train patronage has been growing faster than the metropolitan system's ability to cope with demand.

The aim of the Melbourne Metro Tunnel Project is to free up Melbourne's central rail system by removing three of the city's busiest train lines—Pakenham, Cranbourne and Sunbury—from the City Loop. This will create capacity to run more trains across the metropolitan rail network and increase service reliability.

Independent assurance report to Parliament

Ordered to be published

VICTORIAN GOVERNMENT PRINTER June 2019

PP No 38, Session 2018–19

Ordered to be published

VICTORIAN GOVERNMENT PRINTER May 2019

PP No 32, Session 2018–19

Our dashboard is interactive visualisation tool summarising the financial statement data for all Victorian technical and further education (TAFE) institutes.

Do you need help using the dashboard? Read our dashboard instructions.

Accountability

Responsibility of public-sector entities to achieve their objectives in the reliability of financial reporting; effectiveness and efficiency of operations; compliance with applicable laws; and reporting to interested parties.

Amortisation

The systematic allocation of the depreciable amount of an intangible asset over its expected useful life.

Asset

An item or resource controlled by an entity that will be used to generate future economic benefits.

Figure E1 shows indicators used in assessing the financial sustainability risks of TAFE institutes. These indicators should be considered collectively and are more useful when assessed over time as part of a trend analysis.

Figure E1
Financial sustainability risk indicators, formulas and descriptions

Figures D1 shows the performance statement indicators, description and methodology, while Figures D2–D13 show each TAFE institute's reported performance against the four indicators for 2016 to 2018.

Figure D1
Performance statement indicators and formula