Parks Victoria - Annual Report 2009-10

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SUPPORTING HEALTHY PARKS HEALTHY PEOPLEENVIRONMENTAL PERFORMANCEElectricity consumptionin kilowatt hours per FTEStatewide metered waterin ‘000 litres per FTE,000430030042002504100200400015039003800100370050360007/0808/0909/10007/0808/0909/10Parks Victoria continued to participate in theGovernment’s Resource Smart program. ResourceSmart provides an environmental management system,establishing targets and actions to reduce energy andwater consumption and landfill.Overall electricity consumption increased by 5 percent on the previous year. However, consumption perfulltime employee fell by 7 per cent. The increase can,in part, be attributed to the addition of a new workcentre at Point Nepean Quarantine Station and the newcommercial facility at the 12 Apostles.Overall water consumption decreased by 21 per centand consumption per full time employee decreased by30 per cent. The downward trend can be attributed,in part, to water saving initiatives such as stormwaterdiversion at Albert Park and the installation of watertanks at various sites.Parks Victoria’s sustainability achievementsin 2009-10 include:❚ Reducing paper forms following the introduction ofthe new Finance and People system. The new systemalso allows for more accurate reporting of waterconsumption and greenhouse gas emissions❚ A 20 to 25 per cent reduction in water usageat Tidal River following the introduction of awater-conservation plan.❚ Improving the energy efficiency of the Tidal Riverstore, reducing the demand for off-grid powerand introducing biodegradable and recyclablefood packaging.48 Parks Victoria - Annual Report 2009-10
FINANCIAL PERFORMANCEFive year financial summary($ thousand)2010 2009 2008 2007 2006Revenue from Government 92,089 83,067 66,920 65,389 61,940Total income from transactions 199,551 184,535 166,964 158,863 148,785Total expenses from transactions 204,476 184,807 170,134 162,892 176,371*Net result from transactions (4,925) (273) (2,923) (4,029) (3,034)Net result for the period (7,726) (1,452) (3,170) (4,029) (27,586)Net cash flow from operating activities 35,859 17,926 31,677 (1,678) 9,620Total assets 1,569,068 1,283,020 1,265,084 1,020,278 948,770Total liabilities 128,066 87,494 72,844 49,020 43,702* Includes Rosebud foreshore assets of $24.6M transferred to the Mornington Peninsula Shire.OverviewBoth revenue and expenses from transactions havebeen increasing at a steady rate for the last five years.This year, revenue reached $200 million for the firsttime. An increasing proportion of this revenue is fortied initiatives delivered across a number of yearssuch as major capital works and fire prevention andrecovery programs. In 2009-10, Parks Victoria recordeda net result from transactions deficit of $4.9 millioncompared to a deficit of $0.3 million in 2008-09,reflecting largely depreciation expenses.Cost pressures such as labour, fuel, electricity, waterand insurance have continued to increase.Parks Victoria continues to record small deficit resultsfrom transactions between zero and $5 million. Asa government agency, Parks Victoria seeks to spendits full revenue. The final result reflects depreciationon assets. Parks Victoria relies on cyclical governmentinitiative funding for maintenance and replacementof assets.Total assets grew to $1,569 million and this was due toa significant transfer of assets and liabilities for a net$242 million for the Yarra Bend Park.Parks Victoria has significant cash and investmentbalances of $96.5 million. However, these funds arecommitted to specific initiatives and assets programs.Financial performance and business reviewRevenue from transactions increased by $15 millionon last year and the five year average growth is 7 percent per annum. This growth in revenue is mainly frominitiative funding, which comes from many sourcesincluding federal and state government and catchmentmanagement authorities. This initiative fundingis tied to specific programs or projects. Recurrent,discretionary funding for core services has been underpressure for a number of years.Financial position – balance sheetTotal assets have increased by $286 million to $1,569million. Parks Victoria was appointed as committee ofmanagement for the Yarra Bend Park during the year,and all the assets and liabilities transferred across toParks Victoria at a net $242 million.While Parks Victoria shows $1.6 billion of assets in itsfinancial accounts, this only reflects assets that are onland where Parks Victoria is appointed committee ofmanagement by government. This represents only asmall proportion of public land and associated assetsthat Parks Victoria manages. More than $2.5 billion inassets are recorded in DSE’s financial accounts that aremanaged by Parks Victoria including national parks,state parks and conservation reserves.Parks Victoria - Annual Report 2009-10 49
Page 3 and 4: CONTENTSREPORT OF OPERATIONSChairma
Page 5: CHIEF EXECUTIVE’S MESSAGEParks Vi
Page 8 and 9: ABOUT PARKS VICTORIAParks Victoria
Page 10 and 11: ABOUT PARKS VICTORIATotal meeting a
Page 12 and 13: ABOUT PARKS VICTORIAThe Year in Rev
Page 14 and 15: HEALTHY PARKSNew River Red Gum park
Page 17 and 18: ❚ Treating more than 6,000 hectar
Page 19: For the first time, Parks Victoria
Page 22 and 23: HEALTHY PEOPLEQueenscliffHarbour.Im
Page 24 and 25: HEALTHY PEOPLEParklands to EastLink
Page 26 and 27: HEALTHY PEOPLECurriculum-based prog
Page 28 and 29: eakout overset copyHEALTHY PEOPLEco
Page 30 and 31: HEALTHY PEOPLECULTURAL HERITAGEFor
Page 32 and 33: HEALTHY PEOPLEPROM’S RICH HISTORY
Page 35 and 36: SUPPORTING HEALTHY PARKS HEALTHY PE
Page 37 and 38: SIGNS OF RECOVERY AT KINGLAKE NATIO
Page 39 and 40: COMMERCIAL OPERATIONSParks Victoria
Page 41 and 42: RESPONSIBLY MANAGING OUR RESOURCESP
Page 43 and 44: Workforce dataEmployee(Headcount)On
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Page 47: CORPORATE PERFORMANCEIndicator2005-
Page 51 and 52: FINANCIAL REPORTCOMPREHENSIVE OPERA
Page 53 and 54: BALANCE SHEETAs at 30 June 2010Note
Page 55 and 56: CASH FLOW STATEMENTFor The Financia
Page 57 and 58: Note 14Note 15Note 16Note 17Note 18
Page 59 and 60: NOTES TO THE FINANCIAL STATEMENTSFo
Page 79 and 80: Piers, Jetties andRiver Improvement
Page 97 and 98: RISK MANAGEMENT ATTESTATIONRISK MAN
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AUDITOR’S REPORTParks Victoria -
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NOTESParks Victoria - Annual Report
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SIGNS OF RECOVERY - KINGLAKE NATION
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Parks Victoria - Annual Report 2009-10

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