FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 1997
16. Notes to the Statement of Cash Flows (a) Reconcilitation of Cash
1997 1996
$'000 $'000
559 559
559 559
1071 1628
2188 2746
For the purposes of the statement of cash flows, cash includes cash on hand, cash at bank, and investments in money market instruments. Cash at the end of the reporting period as shown in the Statement of Cash Flows is reconciled to the related items in the Statement of Financial Position as follows:
1997 1996
$'000 $'000 Cash and deposits include:
Cash on hand and at bank 1852 348
Investments 1596 1800
3448 2148
(b) Reconciliation of Net Cash used in Operating Activities to Operating Result
1997 1996
$'000 $'000
Operating result after abnormal items 1753 55
Depreciation 205 165
Provision for doubtful debts 46 —
Non-cash abnormal items (185) 127
Changes in assets and liabilities:
Decrease (Increase) in prepayments 4 (21)
Decrease in receivables 1 72
Increase in creditors and accruals 29 177
(Decrease) Increase in employee entitlements (77) 194
Increase in replacement teachers 259 37
Net Cash provided by Operating Activities
To the best of our knowledge and belief the foregoing Operating Statement, Statement of Financial Position, Statement of Cash Flows, and Notes to the Financial Statements present fairly, in accordance with
Statements of Accounting Concepts, applicable Australian Accounting Standards, Urgent Issues Group Consensus Views, and the Treasurer's Instructions and Accounting Policy Statements issued pursuant to the Public Finance and Audit Act 1987, the financial position of the Board as at 31 December 1997 and the results of its operations and cash flows for the year ended 31 December 1997.
ѓ )' ѓ (_ v. Кѓ
Patrick White Janet V. Keightley David J. Whitmore
Presiding Member Chief Executive Manager, Business Services
2035 806
Auditor-General's Department
INDEPENDENT AUDIT REPORT
THE PRESIDING MEMBER
SENIOR SEC0NDARY ASSESSMENT BOARD OF SOUTH AUSTRALIA
SCOPĘ
As required by section 31 of the Public Finance and Audit Act 1987 and section 19 of the Senior Secondary Assessment Board of South Australia Act 1983, I have audited the financial report of the Senior Secondary Assessment Board of South Australia (the Board) for the year ended 31 December 1997. The financial report comprises:
• An Operating Statement;
• A Statement of Financial Position;
• A Statement of Cash Flows;
• Notes to and forming part of the Financial Statements; and
• Certificate by the Presiding Member, Chief Executive and the Manager, Business Services.
The members of the Board are responsible for the preparation and presentation of the financial report and the information contained therein. I have conducted an independent audit of the financial report in order to express an opinion on them to the Presiding Member.
The audit has been conducted in accordance with the requirements of the Public Finance and Audit Act 1987 and Australian Auditing Standards to provide reasonable assurance that the financial report is free of material misstatement.
Audit procedures included examination, on a test basis, of evidence supporting the amounts and other disclosures in the financial report and the evaluation of accounting policies and significant accounting estimates. Those procedures were undertaken to form an opinion whether, in all material respects, the financial report is presented fairly in accordance with Treasurer's Instructions promulgated under the provisions of the Public Finance and Audit Act 1987, appropriate Australian Accounting Standards and other mandatory professional reporting requirements (Urgent Issues Group Consensus Views) so as to present a view which is consistent with my understanding of the Board's financial position, the results of its operations and its cash flows.
The audit opinion expressed in this report has been formed on the above basis.
QUALIFICATION
The Statement of Financial Position includes an amount of $875,000 as a liability for Replacement Teachers.
The liability represents amounts owed to organisations for reimbursement of costs incurred in providing staff in a temporary capacity to the Board. The claims for reimbursement have been outstanding for periods up to thirty six months. Refer Note 11 to the Financial Statements.
q:lssabsall. coiraspопdenetaudit opinion.doс
9th Floor. State Administration Centre. 200 Victoria Square, Adelaide. South Australia 5000 Telephone +61 +8 8226 9640 Facsimile +61 +8 8226 9688 DX 56208 Victoria Square
Evidence available from the accounting records of the Board indicate that it is highly unlikely that the Board will be required to make payments with respect to claims not submitted for reimbursement after a twelve month period. As such, in my opinion, claims not submitted for reimbursement within a twelve month period should not be recognised as a liability.
The recognition of claims greater than 12 months has had the effect of increasing liabilities by $550,000, and reducing the operating surplus by $550,000.
QUALIFIED AUDIT OPINION
In my opinion, except for the effect on the financial report of the matter referred to in the qualification paragraph, the financial report presents fairly in accordance with the Treasurer's Instructions promulgated under the provisions of the Public Finance and Audit Act 1987, applicable Australian Accounting Standards and other mandatory professional reporting requirements, the financial position of the Senior Secondary Assessment Board of South Australia as at 31 December 1997, the results of its operations and its cash flows for the year ended 31 December 1997.
19 February 1999 кiМасРНERSON
AUDITOR -GENERAL
APPENDIX I
Organisation of the Board
The Board and its Committees The SSABSA Board comprises twenty-seven members (including the Chief Executive) and deputy members (see Appendix II). Members are appointed by the Governor for a three-year term.
A new Board was appointed in June 1997.
In 1997, the Board met on the fourth Wednesday of each month, with the exceptions of April, May, July, and October. Deputy board members normally attend Board meetings only in the absence of their designated board members.
Board seminars were held in July and October.
Associate Professor Alan Reid of the Faculty of Education at the University of South Australia presented 'A Critique of Current Assessment Practices in South Australia' to the July seminar, and Professor Sue Willis, Dean of Education at Murdoch University, took a leadership role in the equity seminar on `Future Curriculum Development
— Four Perspectives on Disadvantage' in October.
Board members represent the various education systems and sectors, parent groups, employer and employee associations, the Australian Education Union (SA Branch), and the Commissioner for Equal Opportunity (see Figure 3 in Appendix II).
All have formal and informal networks for consultation, to ensure that a broad range of opinions underlie Board decisions. In addition, specially formed consultative groups provide advice to the Authority.
Three standing committees help in the organisation of business. EDSC is responsible for the key result areas of curriculum, assessment, research, and equity. EQSC is responsible for the key result areas of equity and research. OPSC is responsible for the key result areas of management, research, systems, provision of information, equity, and income generation. A small Executive Group arranges the business of the Board. The members of these four groups are listed in Appendix IV.
The Board has established a curricuIum committee structure to advise on matters relating to its extended subject frameworks and syllabuses. A number of SACS report through the Chief Executive to EDSC.
CPGs are established by the Authority for specific tasks identified by the Board, the SACS, or the Authority.
The committee structure is shown in Appendix IV, where committee members are listed.
Member Deputy Member Mr J.L. Dellit
Mr G.W. Warnes Ms T. Sizer Ms N. Schupelius
Ms T. Rogers Ms J. Scott Ms B. Rogers Mr M. Williams Mrs C.M. Harrison Mr R. Osborne
Vacant
Dr R.J. Crewther Prof. R.G. Storer Dr R. Murray-Harvey Assoc. Prof. E.M. Ramsay Prof. S. Morris
Mr B.M. Eckermann Mr B.C. Huppatz
Ms K. McEvoy Assoc. Prof. N. Harvey Prof. K.O. Cox
Assoc. Prof. H. Silins Ms A. Scarino Mr L.H. Colgan Ms G. Smith Ms K. McEvoy
Ms W.G. Engliss Mr N. Howard Ms J. Lundberg
Mr R. Nelson Mr G. Horsell, јP
Mrs J.M. Bundy
Ms V.M. Farrall Mr M. Karpinski Mr P. Endersby Mr C.M. Lamshed Mrs G. Woolford Mr G.R. Palmer
Ms L. Pryzibilla Ms S.A. Frazer Mr P.K. Wright Mr R.E. Johnson
Mr B. Meatheringham Ms P. Walsh
Ms K.P. Moyle Mr G. Seidel Mr J.W. Howard, RFD
Mr A.M. Gleeson
Ms R.J. Wallage Mr I. Harrison Com. L.R. Matthews Ms R.E. Blenkiron
Dr H.G. Payne Ms H. Sjoberg