In 2020-21, the CSF received $79.79 million in revenue and incurred $46.63 million in expenditure. 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.
Revenue received in 2020-21 financial year was lower than that of previous years due to public health restrictions being in place in hotels to help slow the spread of COVID-19.
During the 2020-21 financial year the CSF trust has an opening cash balance of $27.16 million, with net cash movement of $28.05 million resulting in a closing cash balance of $55.21 million as reported in the 2020-21 DTF Annual Report.
Below is a percentage breakdown of the CSF 2020-21 grant expenditure by funding purpose:
- 80 per cent of the CSF funding in 2020-21 was allocated for tackling problem gambling which is one of the top priorities for the CSF.
- the remaining 20 per cent of funding was allocated across various other funding objectives.
Community Support Fund 2020-21 grant expenditure by funding purpose
Table 1: CSF 2020-21 Operating Statement
|
2020-21 |
$ million |
|
Revenue |
|
|
from the operation of electronic gaming machines |
79.76 |
|
from interest received from deposits |
0.00 |
|
from forfeited winnings |
0.03 |
|
Total revenue |
79.79 |
|
|
|
|
Expenditure |
|
|
total grant expenditure in 2020-21 |
46.23 |
|
administration costs |
0.40 |
|
Total expenditure |
46.63 |
|
Net surplus |
33.16 |
Departmental grant expenditure breakdown for 2020-21
A breakdown of grant expenditure to individual Departments is provided in CSF Expenditure to Department by Project in 2020‑21.
Several CSF initiatives contain multiple projects within. A breakdown of the departmental grant expenditure is provided on these CSF initiatives for 2020-21 in CSF Combined Projects in 2020‑21.
New CSF projects approved in 2020-21
There were 21 new CSF projects approved in 2020-21. 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 2020-21.
Final outcomes summary for the CSF projects completed in 2020-21
There have been 19 CSF projects completed in 2020-21. 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 2020-21.