Financial Performance and Information and Communication Technology
This chapter highlights Finance’s financial performance during 2008-09 for both departmental activities and for administered activities that Finance oversees on the government’s behalf. The chapter also outlines the department’s key achievements in 2008-09 related to ICT. Financial performance and ICT contribute to Finance’s Corporate Plan in the Key Performance Area, financial performance.
With the falling value of the Australian property market because of the global financial crisis, Finance recorded an operating deficit of $49.3 million in 2008-09 compared to an operating surplus of $129.7 million in 2007-08. Finance has budgeted for an operating surplus of $24.1 million in 2009-10. The department's financial statements are presented in this report. The Australian National Audit Office issued an unqualified audit opinion for these statements on 17 August 2009.
A summary of Finance’s financial performance and the department’s Agency Resource Statement are presented here. A resource summary for each outcome can be found at the end of each of Chapters 4 to 7.
During 2008-09, Finance staff continued to express a high level of satisfaction with the department’s ICT support services. The department upgraded a number of core management applications, whole-of-government network services and elements of the Central Budget Management System.