| Goal |
Performance Measure |
2003/04 Target |
Was the Target Achieved? |
| Implementing government's three-year fiscal plan and balancing the budget beginning in 2004/05 |
Achieve annual targets for provincial budget |
$2.3 B Deficit |
 |
| Debt to GDP Ratio
(Provincial ranking — Moody's) |
In the Lowest 3 |
|
| Debt service costs
(Provincial ranking — Moody's) |
2nd Lowest |
|
| Provincial credit rating (Moody's) |
Aa2 |
|
| Compensation cost changes over 2002/03 compensation base |
0 |
|
| Days lost due to labour disruption in the BC Public Sector |
+/- 10% of Canadian Average days lost |
|
| Creating a tax and regulatory climate that stimulates economic growth |
Provincial ranking of personal income tax rates for the bottom two tax brackets |
Lowest |
|
| Provincial ranking of the top personal marginal tax rate |
In the Lowest 3 |
|
| Number of regulatory requirements (2004/05 target is a 1/3 reduction from 2001/02 baseline) |
31,000
(-25%) |
|
| Per cent annual growth in business registrations |
5% (51,205) |
|
| Percentage of company incorporations and registrations filed electronically |
85% |
84.1% |
| Effective and efficient financial and risk management |
Annual savings from self-insurance (5 year rolling average) |
$32.1 Million |
|
| Potential average annual benefits realized from utilizing a risk-based approach for post-payment monitoring of expenditures and by management implementing Internal Audit and Advisory Services recommendations |
$5.2 Million |
|
| Stakeholders' satisfaction with the policy framework for financial management |
Determine Baseline |
N/A |
| Comprehensive, timely and transparent financial and performance planning and reporting
|
Full implementation of GAAP |
Partial |
|
| Delivery date for annual Public Accounts |
July 15th |
|
| Alignment of Estimates, Budgets, and core business areas |
Substantially Aligned |
|
| Percentage of responses to ministerial correspondence completed within two weeks |
70% |
47% |
| A progressive, innovative and knowledgeable workforce |
Percentage of staff satisfied that leadership learning and development strategies and/or opportunities are available |
60% |
55% |
| Percentage of staff with a current Employee Performance and Development Plan |
Required for all excluded staff
100% of managers |
67% of managers |
| Percentage of staff who agree that learning and development opportunities are accessible |
70% |
44% |
