Berry Street Web Docs Annual Report 2016 | Page 50

Financial summary

INFORMATION ON BERRY
STREET VICTORIA INC
FINANCIAL SUMMARY
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this Annual Report has been derived
from the Financial Report of Berry
Street Victoria Inc. for the year
ended 30 June 2016.
The discussion, together with
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included to provide members
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performance of Berry Street Victoria
Inc. for the year ended 30 June
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30 June 2016.
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and auditor’s report is available, free
of charge, upon request.

OVERVIEW
2015–2016 was another
demanding year resulting in a
surplus from continuing operations
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from continuing operations of
$1.2 million the previous year.
While there was an increase in
operating income throughout the
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also an increase in both program
activities and expenditure. The main
source of the increase in operating
income was an additional $3 million
in Government funding.

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in our Strategic Initiatives and in
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investment increased to $3.7 million.
Our key focus still continues to be:
Strengthening the quality,
consistency and integration of
our services
Achieving policy and system
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areas of: innovation — education,
foster and kinship care,
therapeutic care, early years,
leaving care, family violence,
keeping siblings together and
placed-based community
strengthening
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Street Childhood Institute
Working with our Aboriginal
colleagues and others to grow
the authority and resources for
Aboriginal Community Controlled
Organisations

INVESTMENTS
Berry Street segregates an amount
of long term assets for investment
(akin to an endowment) which
is invested and managed to
ensure that:
6% per annum is returned back to
operations; and
Where the endowment earns
more than 6% per annum, the
excess amount is reinvested to
grow the