Overview and administrative arrangements
This section presents an overview of DPC’s financial results, detailing its operational and budgetary objectives. It includes an analysis of DPC’s operating results and financial position, highlighting significant factors that affect DPC’s financial information.
The results and information have been prepared on the same basis as DPC’s financial statements, which are available in Section 4 of this report.
Financial performance - operating statement
DPC recorded a net surplus result from operations of $1.5 million in 2024-25. The result is primarily due to the timing of trust funds operations, where funds received during 2024-25 will be expended in future years.
The sources of income available to DPC during 2024-25 are demonstrated in the chart below. DPC’s main source of income in 2024-25 was from government appropriations, which accounted for 94% of income. The balance was derived from resources received free of charge, government grants, and services.
Compared with 2023–24, the increase in DPC’s income in 2024–25 is primarily due to additional funding for higher election activity at the VEC, including the conduct of local government elections. This resulted in higher government appropriations.
The chart below shows the distribution of DPC’s expenses in delivering the department’s services.
DPC’s total expenses increased by $100.5 million in 2024-25 compared with 2023-24. This is mainly due to a full year of operating costs for Multicultural Affairs, compared with only five months in 2023–24 following the transfer of these functions from DFFH on 1 February 2024. Expenses have also risen due to higher election costs associated with local government elections held during the period.
Financial position - balance sheet
DPC’s net assets increased in 2024-25 due to a higher valuation of buildings and movements in working capital during the financial year.
Cash flows
DPC has a net cash outflow from operating activities of $5.1 million in 2024-25, a decrease of $9.1 million compared with 2023-24. The decrease is mainly due to the timing of trust fund receipts from the Community Support Fund to deliver commitments to Victoria’s multicultural communities, and the settlement of outstanding liabilities from the prior year.
Subsequent events
Refer to the section on subsequent events at Note 8.11 in DPC’s financial statements.
Capital projects / asset investment programs
During 2024–25, DPC did not have any capital projects, reaching practical or financial completion, that met the disclosure threshold of $10 million or greater.
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