Department of Corrective Services
Notes to and forming part of the Financial Statements 03-04
Objectives of the Department
The Departmentís objectives are community safety and crime prevention through an integrated correctional
system delivering humane containment, supervision and interventions for offenders.
This will be achieved through the following objectives:
- increased participation in, and effectiveness of offender, educational and employment programs to reduce recidivism
- a safe and secure correctional system
- reduced representation of Indigenous offenders in custody
- an offender-centred system where rehabilitation targets risks and needs
- increased judicial confidence and community participation in corrective services
- a safe and healthy environment for all staff and offenders
- an integrated system of resource management and planning.
1. Summary of significant accounting policies
(a) Basis of accounting
This financial report is a general purpose financial report that has been prepared in accordance with applicable
Australian Accounting Standards (principally AAS 29 Ė Financial Reporting by Government Departments
the Treasurerís Financial Reporting Requirements for Queensland Government Agencies for the year ending
30 June 2004, and other authoritative pronouncements.
Except where stated, the historical cost convention is used.
The accounting policies adopted by the Department are materially consistent with those for the previous year.
(b) The reporting entity
The financial statements include the value of all revenues, expenses, assets, liabilities and equities
of the Department and the entities that it controls, where these entities are material.
In the process of reporting the Department as a single economic entity, all transactions with entities
controlled by the Department have been eliminated (where material).
The outputs/major activities undertaken by the Department are disclosed in paragraph (v).
(c) Administered transactions and balances
The Department administers, but does not control, certain resources on behalf of the Government. In doing so,
it has responsibility and is accountable for administering related transactions and items, but does
not have the discretion to deploy the resources for the achievement of the Departmentís objectives.
Administered transactions and balances are disclosed in Note 31. These transactions and balances are not
significant in comparison to the Departmentís overall financial performance/financial position.
(d) Trust and agency transactions and balances
The Department undertakes certain trustee transactions on behalf of prisoners and also performs certain
As the Department acts only in a custodial role in respect of these transactions and balances, they are not
recognised in the financial statements, but are disclosed in Note 32. Applicable audit arrangements also are shown.