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Museum Board (Museum)

Financial statistics
Net cost of providing services: $9.9 million
   
Total revenues from SA Government: $11.5 million
   
Value of heritage collections: $288 million
   
Number of FTEs: 76
   
Number of visitors: 730 223

Significant events and transactions
  • The Museum’s heritage collections were revalued as at 30 June 2016 resulting in a revaluation decrease of $79 million.
  • Opals, a major exhibition, was held at the Museum from September 2015 to February 2016. Following this exhibition, a number of significant opals were donated to the Museum’s heritage collections.

Financial statement opinion
Unmodified

Financial controls opinion
Modified
Key issues:
  • Incomplete service level agreement with the Department of State Development
  • Non-compliance with aspects of Treasurer's Instruction 28 'Financial Management Compliance Program'
  • Untimely review of bona fide and leave taken reports
  • Significant delay in request for funding under a subcontract agreement