Operating statement
The operating statement provides an estimate for the period from 2024–25 to 2027–28, with the estimates below representing the allocation of resources that support the delivery of DPC’s key priorities and outputs.
We are forecasting an operating deficit of $1.9 million for 2024–25. This deficit is primarily due to the utilisation of funds from existing trust balances to support various initiatives. For 2024–25, the special appropriation for DPC and our agencies has increased, mainly to support the Victorian Electoral Commission in conducting the 2024 Local Council elections.
Our output appropriation funding for 2024–25 includes $69.9 million provided through the 2024–25 State Budget. The government’s 2024–25 budget decisions that relate to DPC are detailed on pages 3–7 and 73–74 of the Victorian Budget 2024–25: Budget Paper No. 3 Service Delivery.
Comprehensive operating statement
($ million)
| Net result from continuing operations | 2024–25 | 2025–26 | 2026–27 | 2027–28 |
|---|---|---|---|---|
| Income from transactions | ||||
| Output appropriations | 387.6 | 291.1 | 268.3 | 215.3 |
| Special appropriations | 103.7 | 65.2 | 63.5 | 63.5 |
| Sales of goods and services | 11.0 | 9.8 | 9.8 | 9.8 |
| Grants and other transfers | 24.7 | 16.0 | 9.2 | 1.5 |
| Fair value of assets and services received free of charge or for nominal consideration | 9.6 | 9.6 | 9.6 | 9.6 |
| Other revenue and income | 0.7 | 0.7 | 0.7 | 0.7 |
| Total income from transactions | 537.4 | 392.4 | 361.0 | 300.3 |
| Expenses from transactions | ||||
| Employee benefits | 236.9 | 202.9 | 194.9 | 170.5 |
| Depreciation and amortisation | 7.2 | 8.3 | 8.6 | 8.3 |
| Grants and other transfers | 174.5 | 109.0 | 84.5 | 55.7 |
| Other operating expenses | 120.6 | 74.1 | 75.0 | 67.2 |
| Total expenses from transactions | 539.3 | 394.3 | 363.0 | 301.8 |
| Net result from transactions (net operating balance) | (1.9) | (1.9) | (1.9) | (1.5) |
Source: Victorian Budget 2024–25: Budget Paper No. 5 Statement of Finances
Capital program 2024–25
New projects
($ million)
| 2024–25 | 2025–26 | 2026–27 | 2027–28 | Total estimated investment | |
|---|---|---|---|---|---|
| Delivering safe and self‑governing Aboriginal Trusts (Lake Tyers / Framlingham)* | 10.2 | .. | .. | .. | 10.2 |
| Total new projects | 10.2 | .. | .. | .. | 10.2 |
* As at 6 August 2024 this item is under consideration for a transfer from capital to output appropriation under the provisions of section 30 of the Financial Management Act 1994.
Source: Victorian Budget 2024–25: Budget Paper No. 4 State Capital Program
Existing projects
($ million)
| Total estimated investment | Estimated expenditure 2023–24 | Estimated expenditure 2024–25 | Estimated completion date | |
|---|---|---|---|---|
| Total existing projects | .. | .. | .. | |
| Total projects | 10.2 | .. | 10.2 | |
| Other capital expenditure* | n.a. | n.a. | 4.5 | n.a. |
| Total 2024–25 capital expenditure | 14.7 |
* Other capital expenditure includes offsets by factors such as funding held in contingency pending confirmation of project implementation planning and funding from other sources.
Source: Victorian Budget 2024–25: Budget Paper No. 4 State Capital Program
Updated