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Annual Report Presentation Finance Branch

Mr. O. Ayaya, Chief Financial Officer, presents the finance branch's performance, financial management systems, future areas of improvement, and the linkage of targets with government aims.

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Annual Report Presentation Finance Branch

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  1. Annual Report PresentationFinance Branch Presented by Mr O. Ayaya Chief Financial Officer Department: Water Affairs (DWA) 17 November 2009 1

  2. PRESENTATION OUTLINE • Performance against priorities • State of financial management systems • Future performance areas • Linkage of current targets with government overall aims 2

  3. Performance against priorities 3

  4. Performance against priorities 4

  5. Performance against priorities 5

  6. Performance against priorities 6

  7. State of financial management systems • Financial systems used • SAP- Water Trading Entity • BAS- main account • LOGIS- Procurement on Main Account 7

  8. State of financial management systems (Cont) • Staffing • Structures for finance have been approved for both head office and regional offices • SMS and DDs in place • Regional heads of finance in place 8

  9. State of financial management systems (Cont) • Separation of functions • Policy on linking of functions to either WTE or MEA implemented • Review of delegations • Delegations have been reviewed 9

  10. State of financial management systems (Cont) • Business processes and procedures • Separation of functions • Internal Audit - Key to internal control systems • Establishment of a risk management • Preparation of interim financial statements 10

  11. Future performance areas • Improved revenue management • Effective asset management • Full compliance with SCM framework • Effective Risk management • Effective implementation of business processes and procedures • Timeous payments to suppliers 11

  12. Future performance areas (Cont) • Effective implementation of financial improvement plan • Oversee and monitor donor funding • Reporting of financial information in line with GAAP, GRAP, IFRIS and PFMA • Preparation of MTEF and ENE submissions • Preparation of adjustment budget and EWS • Continuous evaluation and comparison of expenditure against the budget 12

  13. Future performance areas (Cont) • Manage the bidding process • Provide a reliable and relevant supplier data base 13

  14. Linkage of current targets with government overall aims • Our Branch targets are aligned to the following government overall aims: • Strategic priority 10: Building a developmental state including improvement of public services and strengthening democratic institutions • Focus area: Improving the service delivery and quality of public services: the target is … health, water and land use management, issuing … in the Public Service. • Focus area: Improve financial management and reporting practices that entrench a culture and practice of transparency and honesty in service delivery 14

  15. Thank you 15

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