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Art Gallery Board (Art Gallery)

Financial statistics
Net cost of providing services: $3.6 million
   
Revenues from SA Government: $12.2 million
   
Value of heritage collections: $753 million
   
Number of FTEs: 69.8
   
Number of visitors: 1 029 536

Significant events and transactions
  • The Art Gallery's heritage collections were revalued as at 30 June 2016 resulting in a revaluation increase of $135 million.
  • Record numbers attended the 2016 Adelaide Biennial of Art: Magic Object, with more than 220 000 visitors to the exhibition between February 2016 and May 2016, doubling the attendance figures of the 2014 Biennial.
  • Funding of $200 000 was received from the SA Government to identify a preferred solution for the future storage of the Art Gallery's collection.

Financial statement opinion
Unmodified

Financial controls opinion
Modified
Key issues:
  • Incomplete service level agreement with the Department of State Development
  • No risk management procedure in place detailing the Art Gallery's approach to risk management
  • Untimely review of bona fide and leave reports