Goals, Objectives, Strategies, Core Business Areas and Performance Measures — Continued

Goal 4: Comprehensive, timely and transparent financial and
performance planning and reporting

Objective	Strategy	Responsible Core Business Area
Compliance with statutory reporting and budgeting requirements and with GAAP	• Full implementation of Generally Accepted Accounting Principles (GAAP)
	• Use technological advancements to simplify reporting process
	• Continue to refine the ministry’s website and publications with a particular focus on investors and credit rating agencies
Increase transparency and accountability for both expenditures and performance	• Link ministry spending to core businesses and performance measures/targets
	• Timely response to correspondence

 

Objective	Performance Measure	Base 2002/03	Target
			2003/04	2004/05	2005/06
Compliance with statutory reporting and budgeting requirements and with GAAP	• Full implementation of GAAP	Partial	Partial	Full	Full
	• Delivery date for annual Public Accounts	July 15th	July 15th	July 15th	June 30th
Increase transparency and accountability for both expenditures and performance	• Alignment of Estimates, Budgets, and core business areas	Varies	Substantially Aligned	Fully Aligned	Fully Aligned
	• Percentage of responses to ministerial correspondence completed within two weeks	40%	70%	80%	80%