Judicial Commission of NSW Annual Report 2017-18

Judicial Commission of NSW — Annual Report 2017–18 90 Our finances $ Results, challenges and strategic direction in brief Results 2017–18 Challenges 2017–18 Strategic direction 2018–19 Strong, consistent support from the NSW government: $6.609 million revenue, including $5.568 million in government funding: see p 91. Proactive in finding other income streams: $1,041,000 self generated revenue from other sources: see p 91. Successful in providing innovative services: $999,000 from goods and services compared to last financial year’s $812,000: see p 91. Effectively contained our financial deficit: $248,000 deficit compared to a budgeted deficit of $238,000: see p 91. Received less government funding as we have now relocated our office: 12.8% decrease in revenue compared to last financial year’s 68.7% increase: see p 91 Keeping our expense increase steady from year to year: 8.2% increase in expenses compared to last financial year’s 8.5% increase: see p 91. Modest decrease in our total assets due to normal operations: $285,000 decrease in total assets compared to last financial year’s $1.648 million: see p 91. Receipt of an unmodified report for our financial statements from the NSW Auditor-General: see p 93. Maintaining operations and service levels in an environment of tight budgetary restraint. Continuing to generate significant revenue to make up for the shortfall between government contribution and expenses. Photo previous page: (l–r) Jenny Zhang, Finance and Payroll Analyst and Annie Wang, Management Accountant. We will continue to generate revenue through contractual arrangements for goods and services for computerised case management, software development and educational services.