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QUEENSLAND ART GALLERY ANNUAL REPORT 2007–08
APPENDIXES
80
BOARD OF TRUSTEES COSTS
In 2007–08, meeting fees and travel costs of Board members
totalled $23 889.
VOLUNTARY EARLY RETIREMENT (VER)
During 2007–08, two staff accepted VER packages totalling
$375 320.
MAJOR INVESTMENTS AND BORROWINGS
There were no major investments or borrowings during the
year.
FINANCIAL AND OPERATIONAL PERFORMANCE SYSTEMS
The Gallery's financial systems and their uses are as follows:
l
Finance 1 and Microsoft Dynamics GP are used primarily
for processing financial data and obtaining reports.
l
Whole-of-government financial information is reported
using the Queensland Government's Tridata system.
l
The Gallery Store uses Booknet as its point-of-sale system.
Reports on operational performance against declared goals,
strategies and benchmarks are prepared and presented at
each meeting of the Board of Trustees. Quarterly, non-
financial performance reports measured against declared
targets are submitted to Arts Queensland and Queensland
Treasury.
ENTITIES CONTROLLED
The Queensland Art Gallery Foundation was established in
1979 by the Queensland Art Gallery Board of Trustees to raise
corporate and private funding to support the growth of the art
collection and exhibition programs. The Gallery provides all
the infrastructure support and meets all operational costs of
the Foundation. For the purposes of the
Financial
Administration and Audit Act 1977
, the Foundation is an
entity controlled by the Queensland Art Gallery Board of
Trustees.
Financial reports are prepared by the Gallery for submission
to the Foundation's Council. The Foundation produces its own
annual report and its books and accounts were audited by the
Queensland Audit Office.