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[email protected] -J ^¡Ctoria ON THE MOVE Annual Report 1993/1994 ;.. ¿s> ®'(?• 0 G3 K> % @J For furthct information please contact: Department of Finance, 9th Fkjjir, 35 Spring Street, Melbourne. Ph. (03) 651 3329 Department of Finance VICTORIA 8th Floor, 35 Spring Street. Melbourne. Vic 3000 Telephone; (03) 651 3100 Facsimile; (03) 654 8528 DX 21 14 September 1994 The Honourable Ian Smith MP Minister for Finance 9th Floor 35 Spring Street MELBOURNE VIC 3000 Dear Minister I have pleasure in submitting to you a report on the operations and financial statements of the Department of Finance, in accordance with section 8 of the Annual Reporting Act 1983, for the period 1 July 1993 to 30 June 1994, for presentation to Parliament. The 1993 -94 financial year presented a number of challenges for the Department of Finance. As the key advisor to the Victorian Government on the management of its finances, assets and liabilities, the Department has been at the forefront of reforms to bring the public sector's accounting and financial practices into line with commercial business. Such major strategic initiatives as the staged introduction of whole-of-government reporting and accrual accounting will see more financial responsibility devolved to Departments and Agencies within a framework that improves the value and integrity of the Government's accounts. Within the Department itself, the public sector management reform process is equally being applied. Many activities and functions have been subject to comprehensive review and to reforms intended to lift efficiency and effectiveness.