The budget portfolio outcomes statements provide a comparison between the actual financial information of all general government entities within DPC’s portfolio and the forecast financial information published in the State Budget Papers.
These statements include:
- Comprehensive operating statement
- Balance sheet
- Cash flow statement
- Statement of changes in equity
- Administered items statement.
Prepared on a consolidating basis, the budget portfolio outcomes statements include all general government entities within DPC’s portfolio. In alignment with the budget papers, financial transactions and balances are classified as either ‘controlled’ or ‘administered’.
It is important to note that the budget portfolio outcomes statements are not subject to audit by the Victorian Auditor-General’s Office. Additionally, they are not prepared on the same basis as DPC’s financial statements, as they also include the consolidated financial information of the following entities:
- VEC
- VPSC.
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