Elements and Performance Criteria
- Develop linkages between strategic planning outcomes and financial management processes
- Financial management authority and autonomy are provided within organisational and program structures to enable outcomes to be achieved
- Financial processes are structured to ensure manageable linkages to program outputs while retaining internal controls in accordance with organisational policy and procedures
- Activities to be funded/managed are organised into programs and sub-programs to reflect logical groupings of organisational objectives that address current government policy and strategy
- Linkages to outputs and outcomes are developed in accordance with the organisation's business and longer term plans
- Establish and maintain a financial risk management strategy
- Current and potential risk exposures are identified and measured, including alternative profiles
- Cost effective policies and procedures for minimising and managing exposures are implemented and monitored
- Financial risk management policies and practices are documented and reviewed in accordance with organisational requirements
- Learning, development and support needs are identified and resourced to assist staff to effectively manage risk
- Establish and maintain a taxation strategy
- Exposure to applicable State/Territory and Federal taxes is determined and a strategy to increase taxation awareness within the organisation is developed in accordance with organisational requirements
- Timely strategic taxation advice is sourced/provided and used in the development of the strategy
- A cost effective strategy is established/maintained to capture, quantify, minimise and pay taxation liabilities in accordance with law
- Establish resource requirements in financial terms
- Resource requirements are determined in terms of physical assets and human resources in accordance with program requirements
- Financial analysis techniques are used to evaluate and approve alternative and new resource allocation proposals
- Processes are established to allocate resources efficiently, effectively and economically in accordance with prioritised strategic and operational plans
- Service delivery requirements are established in accordance with program requirements
- A strategic asset plan is developed, submitted for approval and maintained in accordance with organisational requirements
- Develop financial bids and estimates
- Organisational initiatives are costed and bids/estimates are prepared in accordance with budgetary processes and requirements
- Bids/estimates are linked to organisational priorities, based on substantiated information and logical assumptions and take account of resource constraints and organisational needs
- Bids/estimates are developed to reflect outstanding liabilities and receipt collections and are prepared to meet critical submission dates
- Supporting documentation is prepared to justify bids/estimates in accordance with budget guidelines
- Develop linkages between strategic planning outcomes and financial management processes
- Financial management authority and autonomy are provided within organisational and program structures to enable outcomes to be achieved.
- Financial processes are structured to ensure manageable linkages to program outputs while retaining internal controls in accordance with organisational policy and procedures.
- Activities to be funded/managed are organised into programs and sub-programs to reflect logical groupings of organisational objectives that address current government policy and strategy.
- Linkages to outputs and outcomes are developed in accordance with the organisation's business and longer term plans.
- Establish and maintain a financial risk management strategy
- Current and potential risk exposures are identified and measured, including alternative profiles.
- Cost effective policies and procedures for minimising and managing exposures are implemented and monitored.
- Financial risk management policies and practices are documented and reviewed in accordance with organisational requirements.
- Learning, development and support needs are identified and resourced to assist staff to effectively manage risk.
- Establish and maintain a taxation strategy
- Exposure to applicable State/Territory and Federal taxes is determined and a strategy to increase taxation awareness within the organisation is developed in accordance with organisational requirements.
- Timely strategic taxation advice is sourced/provided and used in the development of the strategy.
- A cost effective strategy is established/maintained to capture, quantify, minimise and pay taxation liabilities in accordance with law.
- Establish resource requirements in financial terms
- Resource requirements are determined in terms of physical assets and human resources in accordance with program requirements.
- Financial analysis techniques are used to evaluate and approve alternative and new resource allocation proposals.
- Processes are established to allocate resources efficiently, effectively and economically in accordance with prioritised strategic and operational plans.
- Service delivery requirements are established in accordance with program requirements.
- A strategic asset plan is developed, submitted for approval and maintained in accordance with organisational requirements.
- Develop financial bids and estimates
- Organisational initiatives are costed and bids/estimates are prepared in accordance with budgetary processes and requirements.
- Bids/estimates are linked to organisational priorities, based on substantiated information and logical assumptions and take account of resource constraints and organisational needs.
- Bids/estimates are developed to reflect outstanding liabilities and receipt collections and are prepared to meet critical submission dates.
- Supporting documentation is prepared to justify bids/estimates in accordance with budget guidelines.