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Financial and asset outlook

Table 1: DGS operating statement – estimates ($ million)

 Itemactualbudgetrevised (a)budget (b)
Net result from continuing operations    
Income from transactions    
Output appropriations....252468
Interest income....4480
Sales of goods and services....130271
Grants....111
Other revenue and income....1145
Total revenue and income from transactions....447866
Expenses from transactions    
Employee benefits....173333
Depreciation....3143
Interest expense....12
Grant expense....116214
Other operating expenses....179251
Total expenses from transactions....500843
Net result from transactions (net operating balance)....(53)23
Other economic flows included in net result    
Net gain/(loss) on disposal of non‑financial assets......1
Net gain/(loss) on financial instruments and statutory receivables/payables....5..
Total other economic flows included in net result....51
Net result....(48)24
Other economic flows – Other comprehensive income    
Other......(2)
Total other economic flows – Other comprehensive income......(2)
Comprehensive result....(48)22

Notes for table:

(a)The Department of Government Services commenced operations on 1 January 2023 and the 2022-23 revised budget represents part-year results.

(b)The 2023-24 budget reflects the impact of the machinery of government changes effective from 1 January 2023.

Table 2: Summary of 2022–23 Victorian Budget funding for assets ($ million)

AssetTotal estimated investmentEst expenditure to 30 Jun 2023Estimated expenditure 2023‑24Remaining expenditureEstimated completion date
Accommodation Management Efficiency Program (Melbourne)2 365..2 365..qtr 4 2023‑24
Centralised Accommodation Management (Melbourne)9 810..9 810..qtr 4 2023‑24
Digital Victoria – Driving modern and sustainable management of digital (statewide)39 80517 05722 748..qtr 4 2023‑24
Service Victoria: enhancing customer experience with more digital services for Victorians (statewide)13 2845 1848 100..qtr 4 2023‑24
Total existing projects65 26422 24143 023.. 
Total Government Services projects65 26422 24143 023.. 
Other capital expendituren.a.n.a.(4 317)n.a.various
Total 2023‑24 Government Services capital expenditure  38 706  

Notes for table:

Accommodation Management Efficiency Program (Melbourne): The TEI has decreased by $0.277 million due to realised cost efficiencies. The estimated completion date has been revised to quarter 4 2023‑24 in line with a revised project schedule. The initiative moved from the Department of Treasury and Finance to the Department of Government Services due to machinery of government changes.

Centralised Accommodation Management (Melbourne): The estimated completion date has been revised to quarter 4 2023‑24 in line with a revised project schedule. The initiative moved from the Department of Treasury and Finance to the Department of Government Services due to machinery of government changes.

Digital Victoria – Driving modern and sustainable management of digital (statewide): The initiative moved from the Department of Premier and Cabinet to the Department of Government Services due to machinery of government changes.

Service Victoria: enhancing customer experience with more digital services for Victorians (statewide): The initiative moved from the Department of Premier and Cabinet to the Department of Government Services due to machinery of government changes.

Other capital expenditure: Other capital expenditure includes offsets by factors such as funding held in contingency pending confirmation of project implementation planning and funding from other sources.

Updated

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