Strategic Goals of Provincial Treasury | Western Cape Government

Strategic Goals of Provincial Treasury

Provincial Treasury
(Western Cape Government)
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Strategic Goal 1Assist the member of the Executive Council and the HoD with the delivery of the assigned functions to them.
Goal StatementRender effective strategic secretarial support, administrative support and communication services.
JustificationEnsure that the vision, mission, strategic goals and objectives of the Department are achieved.
LinksLinks to the Provincial Strategic Objective of building the best-run provincial government in the world.
  
Strategic Goal 2Effective financial management of the department up to a level 3+ financial capability rating.
Goal StatementDeliver financial management and associated advisory services; to make limited provision for accommodation requirements.
JustificationReduce risk, ensure efficient and effective use of financial resources, and ensure clean audit reports and sustainability within the department.
LinksLinks to the Provincial Strategic Objective of building the best-run provincial government in the world.
  
Strategic Goal 3Revenue adequacy, optimisation and efficiency of revenue collection for departments and municipalities to achieve a level 3+ financial capability rating.
Goal StatementEfficient revenue sources and fiscal policy, which addresses financing requirements with no adverse economic effects.
JustificationThe limited and constraint fiscal envelope requires provincial and local government to ensure the optimum and efficient collection of all potential revenue sources.
LinksLinks to the Provincial Strategic Objective of building the best-run provincial government in the world.
  
Strategic Goal 4Monitor and evaluate cash flow and investment management so that it is sustainable and credible and will enhance service delivery and improve liquidity in departments and municipalities.
Goal StatementEnsure sustainable, credible and effective cash flow and investment management in departments and municipalities.
JustificationBy ensuring more effective and efficient cash flow and investment management it will improve service delivery and maintain liquidity in departments and municipalities.
LinksLinks to the Provincial Strategic Objective of building the best-run provincial government in the world.
  
Strategic Goal 5Responsive budgets for all provincial departments, municipalities and entities to achieve a level 3+ financial capability rating.
Goal StatementPromote the development of responsive departmental, municipal and entity budgets that contribute to improvements of selected socio-economic outcomes through economic analysis, budget policy formulation, budget allocations and monitoring of performance.
JustificationProvincial, municipal and entity budgets are meant to play key roles as policy instruments to address social and economic challenges. The achievements of socio-economic imperatives need to be supported with appropriate budget policy and budgetary allocations.Budgets that address selected socio-economic outcomes and government priorities/goals as well as effective M&E processes to monitor performance of budget policy and plans are important to ensuring effective resource allocation.
LinksLinks to the Provincial Strategic Objective of building the best-run provincial government in the world.
  
Strategic Goal 6Credible budgets within departments, municipalities and entities to achieve a level 3+ financial capability rating.
Goal StatementBudgets that are sustainable, operationally efficient, purpose driven and implemented as planned.
JustificationImprove the sustainability and credibility of provincial, municipal and entity budgets, the monitoring of implementation to enhance x-efficiency, financial prudence and fiscal discipline in order to maximise the capacity of provincial departments and municipalities to deliver services.
LinksLinks to the Provincial Strategic Objective of building the best-run provincial government in the world.
  
Strategic Goal 7Increase the level of infrastructure delivery to achieve a level 3+ financial capability rating (departments of Education, Health, Transport and Public Works and selected municipalities) and the sound management of PPP projects.
Goal StatementEffective and efficient delivery of infrastructure and management of immoveable assets, including PPP projects through institutionalising best practice, systems, tools and building capacity.
JustificationDepartments and municipalities still lack the ability in terms of capacity, business processes, etc. to achieve optimal investment in infrastructure and sound management of immoveable assets.
LinksLinks to the Provincial Strategic Objective of building the best-run provincial government in the world.
  
Strategic Goal 8Enhance departmental and municipal capacity and performance to achieve a level 3+ financial capability rating for SCM and moveable asset management.
Goal StatementAssist departments and municipalities in respect of SCM and moveable asset management to build capacity and enforce good governance practices; and for departments to enhance relationships with BEE and SMME vendors in support of preferential procurement imperatives and implement a transversal contract model for the province that gives effect to economies of scale and value for money.
JustificationEnsure that the vision, mission, strategic goals and objectives of the Department are achieved.
LinksLinks to the Provincial Strategic Objective of building the best-run provincial government in the world.
  
Strategic Goal 9Management, utilisation and implementation of financial systems to achieve a level 3+ financial capability rating within provincial departments and selected entities.
Goal StatementProvide for the standard implementation, management and technical user support (helpdesk and training) of existing financial systems and the transition to the Integrated Financial Management Solutions (IFMS) to enhance compliance with the PFMA and other relevant legislation.
JustificationThis goal will contribute to sound financial management, skilled and capacitated system users and compliance to user requirement statement.
LinksLinks to the Provincial Strategic Objective of building the best-run provincial government in the world.
  
Strategic Goal 10Ensure the development of accounting practices within provincial and local government that will promote effective and efficient capturing of REAL movements/accountability and contribute towards attaining level 3 and higher auditable organisations.
Goal StatementEstablish a sound and dynamic financial accounting framework to promote accountability, transparency and good governance.
JustificationImprove the quality and integrity of financial accounting and reporting to fully reflect all transactions and the values and extent of all assets owned government.
LinksLinks to the Provincial Strategic Objective of building the best-run provincial government in the world.
  
Strategic Goal 11Enable departments and municipalities to achieve a level 3+ financial management capability over the next 5 years.
Goal StatementDevelop, implement and monitor compliance with corporate governance norms and standards within local and provincial government.
JustificationIn terms of S18 of the PFMA and S5 MFMA, PT must set the norms and standards for financial management, and may assist with the implementation thereof and thereby improve efficient and economic utilisation of resources.
LinksLinks to the Provincial Strategic Objective of building the best-run provincial government in the world.

 

The content on this page was last updated on 15 March 2014