Figure E1
Public private partnerships
Public private Partnership |
Responsible agency |
Description |
|---|---|---|
Barwon Water Biosolids Management |
Barwon Region Water Corporation and the Department of Environment and Primary Industries |
Responsibility on public sector entities to achieve their objectives, with regard to reliability of financial reporting, effectiveness and efficiency of operations, compliance with applicable laws, and reporting to interested parties.
The systematic allocation of the depreciable amount of an intangible asset over its expected useful life.
Entity |
Reporting framework |
Audit opinions |
Finalised within statutory time frame | |||
|---|---|---|---|---|---|---|
The indicators used in the financial sustainability analysis—Part 3—are shown in Figure B1.
Figure B1
Four core indicators of financial sustainability
|
Indicator |
Formula |
Description |
|---|---|---|
|
Underlying result (%) |
Figure A1
VAGO reports on the results of the 2013–14 financial audits
Report |
Description |
|---|---|
Information and Communication Technology Controls Report 2013–14 |
This Part reviews the delivery of, and accounting for, public private partnerships (PPPs). It also analyses and comments on the total cost of PPPs to the state, and provides additional comment on three PPPs.
At 30 June 2014, 21 facilities in Victoria were operating or being built under a PPP arrangement. The total nominal cost of these PPPs over the remaining life of the contracts was $36.6 billion, payable over the period to 2041–42.
This Part details the progress of significant projects underway at 30 June 2014.
With the exception of Western Highway upgrades, the significant projects reviewed are progressing on time and within budget as at 30 June 2014.
This Part analyses the financial results and financial sustainability risk of the five Victorian alpine resorts for the five years ended 31 October 2013.
The financial statements of the majority of alpine resorts for the year-ended 31 October 2014 were not complete at the time of preparing this report.
Infringement notices are issued by enforcement agencies—such as Victoria Police—to persons who have committed an offence. In 2013–14, 3.1 million fines were issued for mobile and fixed traffic camera offences, tollway offences and 'on-the-spot' offences compared with 3.5 million in 2012–13. Fines can be cancelled, withdrawn or written off under certain circumstances.
The Prudential insurance standards for Victorian Government insurance agencies (the Standard), issued by the Department of Treasury and Finance (DTF), establishes a policy framework for the prudential management of Victoria's insurance schemes. The Standard specifically applies to the Transport Accident Commission, the Victorian WorkCover Authority and the Victorian Managed Insurance Authority (the agencies).