Budget 2004 -- Government of British Columbia.
   

Goals, Objectives, Strategies and Results — Continued

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

Objective Strategy Responsible Core Business Area
Finance and Econ Performance. Financial Governance. Treasury. Fin and Corp Sector Services. PSEC. Risk Management. Executive and Support.
Compliance with statutory reporting and budgeting requirements and with Generally Accepted Accounting Principles (GAAP) in all material respects

• Full implementation of Generally Accepted Accounting Principles

 Check Mark. Check Mark.          
• Use technological advancements to simplify reporting process   Check Mark.          
• Continue to refine the ministry's website and publications with a particular focus on investors and credit rating agencies     Check Mark.        
Increase transparency and accountability for both expenditures and revenues

• Timely response to correspondence

             Check Mark.

 

Objective Performance Measure Base 2003/04 Target
2004/05 2005/06 2006/07
Compliance with statutory reporting and budgeting requirements and with Generally Accepted Accounting Principles (GAAP) in all material respects

• Full implementation of GAAP

 Partial Full Full Full

• Delivery date for annual Public Accounts

 June 27 June 30 June 30 June 30
Increase transparency and accountability for both expenditures and revenues

• Percentage of responses to ministerial correspondence completed within two weeks

 47% 80% 80% 80%

 

  
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