Notes to the Financial Statements
For the year ended 30 June 2004
1. Departmental mission and funding
The Department's mission is to lead in creative and sustainable solutions for land, transport and infrastructure planning and delivery, for the benefit of the community.
The Department is predominantly funded by Parliamentary appropriations but is also able to retain some monies collected through its operations. The financial statements encompass all funds through which the Department controls resources to carry on its functions.
On 1 July 2003, the Public Transport Services Division of the Department, which included the bus and ferry passenger transport operations and the associated assets and liabilities were transferred to the newly created Public Transport Authority. Effective the same date, the Land Administration Services functions of the Department of Land Information were transferred to this Department.
In the process of reporting on the Department as a single entity, all intra-entity transactions and balances have been eliminated.
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