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F INANCIAL R EPORT 2006-2007 P ROGRAMME 1: A DMINISTRATION

F INANCIAL R EPORT 2006-2007 P ROGRAMME 1: A DMINISTRATION. MR OO AYAYA, CHIEF FINANCIAL OFFICER. O VERVIEW OF A NNUAL F INANCIAL S TATEMENTS. U NDER E XPENDITURE PER P ROGRAMME. O VERVIEW OF A NNUAL F INANCIAL S TATEMENTS E XCHEQUER A CCOUNT. A UDITOR- G ENERAL R EPORTS.

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F INANCIAL R EPORT 2006-2007 P ROGRAMME 1: A DMINISTRATION

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  1. FINANCIAL REPORT 2006-2007PROGRAMME 1: ADMINISTRATION MR OO AYAYA, CHIEF FINANCIAL OFFICER

  2. OVERVIEW OF ANNUAL FINANCIAL STATEMENTS

  3. UNDER EXPENDITURE PER PROGRAMME

  4. OVERVIEW OF ANNUAL FINANCIAL STATEMENTSEXCHEQUER ACCOUNT

  5. AUDITOR-GENERAL REPORTS

  6. CURRENT PROJECTS • EWAM – Immovable asset management project • Moveable asset management project • SAP implementation (system, training etc.) • Accounting firm – resources • Revenue project • Office of Accountant-general (retired accountants & interns) Clean Audit – March 2009

  7. OTHER ACTIVITIES PLANNED • Update of accounting policies and procedures • Budget guidelines • Strategic planning and budget course • Financial support to chief directorates • PFMA, Soft skills training • SAP – Establishment of a centre of excellence • Internal Restructuring of DWAF • Improvement oversight of other institutions (Public entities)

  8. CHALLENGES • SAP – proper implementation – long term, user requirements • Inadequate capacity (lack of skilled resources) • Segregation between Exchequer and Trading account – functions, staff issues • Assets – magnitude, location

  9. PROGRESS TO DATE • SAP implementation • Appointment of Chief Financial Officer and Deputy Chief Financial Officer • Segregation between Exchequer and Trading account • Develop of discussion paper • Review of Supply Chain Management process • Implementation of telephone policy • Development of Debt collection policy • Budget blocking • Establishment of Audit Steering Committee

  10. Thank you

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