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Cash forecasting and financial mgt controls

Learn about the importance of cash forecasting and financial management controls in Botswana's Ministry of Finance & Development Planning. Discover how cash forecasts, budgeted receipts and expenditures, and financing methods are used to ensure cash availability and meet government obligations.

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Cash forecasting and financial mgt controls

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  1. Cash forecasting and financial mgt controls • Pauline K Mpofu • Mompati D Nwako • Division of Budget Administration • Ministry of Finance & Development Planning, Botswana

  2. Cash forecasting and financial mgt controls • Cash forecasts • The receipts and expenditures as outlined in the Governments Budget • Any shortfall has to financed in some way – cash (loans or drawing down reserves) • Botswana does not in the strict sense have cash forecasting

  3. Needs for cash forecasting • Smoothening of seasonality of inflows against outflows • Ensure cash is available to meet Government obligations

  4. Forecasting considerations • Factors peculiar to the revenue item • The base of the previous year • Capacity for growth

  5. Management Controls • Cash flow reporting Monthly, weekly, daily • Cash inflow control Improved collection plans • Cash outflow control • Control of Cash balances

  6. Other mgt controls considerations • Transparency • In account lines e.g subsidies • Foreign payments • Personal Emoluments/allowances

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