Community Support Fund financial overview 2022-23

Financial overview of income and expenditure, and total outstanding commitments for 2022-23.

In 2022-23, the CSF received $166.97 million in revenue and incurred $96.33 million in grant payments as reported in the

Annual Report.

Funding from the CSF was provided to support various projects with community benefits that align with the CSF funding objectives legislated in the Gambling Regulation Act 2003.

During the 2022-23 financial year the CSF trust had an opening cash balance of $119.34 million, with net cash movement of $60.08 million resulting in a closing cash balance of $187.42 million.

Below is a percentage breakdown of the CSF 2022-23 grant expenditure by funding purpose:

  • 42.32 per cent of the CSF funding was allocated for tackling problem gambling which is one of the top priorities for the CSF.
  • 20.89 per cent of the CSF funding was allocated to community services related projects.
  • 16.87 per cent of the CSF funding was allocated to arts, tourism and youth related projects.
  • The remaining 19.92 per cent of funding was allocated across various other funding objectives.

Community Support Fund 2022-23 grant expenditure by funding purpose

Table 1: CSF 2022-23 Operating Statement

2022-23$ million
Revenue
from the operation of electronic gaming machines166.94
from interest received from deposits0.00
from forfeited winnings0.03
Total revenue166.97
Expenditure
total grant expenditure in 2022-2396.33
administration costs0.60
Total expenditure96.93
Net surplus70.04

Departmental grant expenditure breakdown for 2022-23

A breakdown of grant expenditure to individual Departments is provided in CSF Expenditure to Departments by Project in 202223.

CSF Expenditure to Department by Project in 2022-23
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New CSF projects approved in 2022-23

There were 22 new CSF projects approved in 2022-23. These projects support a wide range of community organisations and councils to build strong and sustainable communities across Victoria.

Details of the new CSF projects can be found in in CSF New Project Approvals in 2022-23.

CSF New Project Approvals in 2022-23
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Final outcomes summary for the CSF projects completed in 2022-23

There have been 24 CSF projects completed in 2022-23. The relevant government portfolio departments have administered the delivery of these projects and provided the final outcomes summary on these projects.

A summary of these completed projects can be found in CSF Final report outcomes 2022-23.

CSF Final Report Outcomes 2022-23
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Updated