Table 3 provides a summary of the department's financial performance for 2010-11.
|Total cost of services (expense limit) (details from Statement of Comprehensive Income)||$165,223 (3)||$175,905||$10,682|
|Net cost of services (details from Statement of Comprehensive Income)||$122,582 (4)||$124,298||$1,716|
|Total equity (details from Statement of Financial Position)||$70,963||$68,894||($2,069)|
|Net increase/(decrease) in cash held (details from Statement of Cash Flows)||$101||$3,842||$3,741 (a)|
|Approved full time equivalent (FTE) staff level||1,028||882||146 (b)|
Explanations of variances provided in Table 3 are as follows:
The variance is due to unspent funding relating to COAG reforms and the Gas Rectification Programme.
The variance is due to the FTEs for Real Estate and Business Agents Supervisory Board and Settlement Agents Supervisory Board being included in the ‘Target’ figures contained in the 2010-11 Budget Papers but not being included in the ‘Actual’; the difficulty in attracting and retaining employees in inspectorate areas; not filling of positions in the anticipation those positions would transfer to the Commonwealth; and utilising externally procured contractors for information technology capital works programs relating to COAG reforms.