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Performance information – Output Group 1
 
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Table 2.2:

Performance information – Output Group 1


Performance measure
Unit
2006–07 actual
2007–08 actual
2008–09 target
2009–10 target
Proportion of financial reports receiving an unqualified audit opinion 1
%
100
100
100
100
Stakeholder satisfaction rating of the quality of services 2
%
na
69
na
>80
Treasury-managed property vacancy rate 3
%
0.4
0.4
<1.5
<1.5
State Service workers’ compensation contributions as a percentage of the average premium charged by private insurers 4
%
61
69
<69
<69
Proportion of financial reports published by the required date 5
%
100
100
100
100
Variance between Budget estimate and actual GBE/SOC returns 6
%
14.3
10.5
<5.0
<5.0

Notes to Table 2.2

1. An unqualified audit opinion from the Auditor-General indicates that the financial reports are a true and accurate reflection of the Government’s finances.

2. The satisfaction rating is obtained from the results of the Department’s Stakeholder Survey in relation to the quality and appropriateness of advice and accessibility and responsiveness of officers in the Budget and Finance Division. This survey is undertaken every two years.

3. The vacancy rate is the proportion of all owned and leased office space managed by the Department that is currently vacant and available for occupation.

4. The Tasmanian Risk Management Fund, which is managed by the Department, includes a self insurance scheme for the workers’ compensation liabilities of participating agencies. An indication of the relative efficiency of the Fund can be obtained by comparing the workers’ compensation contributions paid by agencies to the Fund with the workers’ compensation premiums charged by private insurers. The measure is calculated by comparing average agency workers’ compensation contributions, as a proportion of salaries, with the contribution rate of private insurers.

5. The whole-of-government financial reports, published each year in accordance with legislative deadlines, include the Mid-Year Financial Report, the Preliminary Outcomes Report and the Treasurer’s Annual Financial Report.

6. Returns from Government businesses and State-owned companies comprise dividends, tax equivalent payments, rate equivalent payments and guarantee fees.
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