Auditor-General's Department South Australia Logo

Adelaide Festival Corporation

Functional responsibility

The Adelaide Festival Corporation (the Corporation) is a body corporate established pursuant to the Adelaide Festival Corporation Act 1998 (AFC Act). The Corporation is an instrumentality of the Crown. The Board of the Corporation is responsible to the Minister for the Arts.

The main function of the Corporation is to conduct the Adelaide Festival of Arts. For details of the Corporation’s functions refer note 1 of the financial report.


Financial statistics
Net cost of services: $8.6 million
Total appropriation: $8.3 million
   
Number of FTEs: 24.2*
  • Base level of staff as at 30 June 2015 as the Corporation is only in the preparatory stage for the 2016 Adelaide Festival of Arts.

Financial statement opinion
Unmodified

Financial controls opinion
Modified
Key issue:
  • Bank account reconciliations not always regularly performed and independently reviewed