Annual Report 2006 (main body) - RTA - NSW Government

FINANCIAL OVERVIEW
RISK MANAGEMENT
Details on risk management can be found in the Governance and risk management section of the Value for money chapter, pages
63 to 66.
OFFICE ACCOMMODATION
The RTA 2006–2009 Office Accommodation Strategy submitted to the NSW Government Asset Management Committee covers 25
leased and owned premises, the current average space density ratio of office space for these sites is approximately 14.4m 2 per person,
which complies with the NSW Government accommodation guidelines.
PROPERTY MANAGEMENT
The RTA’s portfolio consists of property acquired for road construction and operational assets which are used to deliver the
organisation’s works and services.The portfolio is reviewed regularly. Property not required for road construction or operations and
related purposes was either disposed of or leased in accordance with government policy.
A significant focus continued on identifying, implementing and protecting the RTA’s commercial opportunities, particularly in the
development of the advertising strategy to optimise returns on appropriate sites in the road reserve. Revenues from advertising for
2005–06 were $3.2 million. Revenues from the leasing or sale of property were above budget (gross revenue for 2005–06 was
$52.9 million).
INTERNAL AUDIT
The Control Management Services Branch provided a high-quality, cost-effective auditing service across the full range of the RTA’s
activities.The branch also provided a range of other services whose major focus was to ensure that controls are in place to address the
organisation’s major risks in the future.These services included risk management, corruption prevention and investigation. See the section
on Governance and risk management on page 63 to 66 for full details.
CASHBACK SCHEME
The RTA administers the Cashback scheme that allows drivers of NSW privately registered motor vehicles using the M4 and M5
motorways to be eligible for a quarterly refund of tolls paid on these roads. Some 198,000 Cashback customers lodged 580,000 claims
in 2005–06. The total cost of the scheme, including administration, was $81.8 million. The scheme is funded from consolidated revenue.
FUTURE CHALLENGES
Enhanced revenue opportunities for the RTA to consolidate non-Budget funding.
A financial management structure reflecting the priorities of the NSW State Plan.
14 FINANCIAL OVERVIEW