Our finances – a summary

The Financial Statements of the Department comprise two divisions – Treasury and Finance Division, and Finance-General Division.

This means that we prepare two sets of financial statements – one classified as controlled and one classified as administered.

The controlled and administered expense summaries are based on ordinary expenditure before transfers to the Government, so Transfers to the Consolidated Fund are excluded from the charts below.

Treasury and Finance Division

The resources of the Department are managed through the Treasury and Finance Division. The set of statements classified as controlled encompasses all funds through which the Department controls its resources to carries out its functions.




Finance-General Division

The set of statements that are classified as administered encompass all activities of the Finance-General Division that are administered on behalf of Government. The revenue and expenditure that are managed through the Finance-General Division reflect whole-of-government activities.

These include:

• management of the Government’s financial assets and liabilities;
• accounting for State taxation and Australian Government receipts;
• meeting the Government’s pension and other superannuation commitments;
• administration of the Tasmanian Risk Management Fund;
• management of the Government’s light vehicle fleet and property portfolio; and
• transactions with Government businesses.