Page 662 - Provincial Treasury Estimates.pdf

Provincial Treasury
8.3.1. Service Delivery Measures

Table 18: Selected service delivery measures for the programme: P3: Asset and Liabilities Management

Estimated Medium-term estimates
performance
Programme performance measures 2022/23 2023/24 2024/25 2025/26

Number of departments achieving an unqualified audit opinion on asset management. - 10 13 13
% of procurement plans implemented by provincial departments 80% 80% 80% 80%
Level of infrastructure procurement management maturity achieved Level 3 Level 3 Level 3 Level 3
% of provincial departmental and public entities procurement spend on EC based suppliers 60% 65% 75% 75%

Table 18 above shows service delivery measures for Asset and Liability Management. The programme
will continue to support the provincial departments on achieving an unqualified opinion on asset
management; ensure that 80 per cent of provincial plans are implemented; monitor the infrastructure

procurement to ensure that Level 3 maturity is achieved. Prioritisation of the implementation of the LED
Procurement Framework in order to achieve 65 per cent local spend.

8.4. Programme 4: Financial Governance

Programme Purpose: To promote accountability through comprehensive accounting practices, financial

information systems, governance as well as compliance with financial norms and standards in PFMA
compliant institutions and financial systems management.

The programme consists of six sub-programmes namely:

x Programme Support: Provides strategic leadership in implementing strategies to ensure

programme’s contribution in realising departmental objectives;
x Accounting Services: To ensure the effective implementation of accounting practices in line with

Generally Accepted Accounting Practices (GAAP), Generally Recognised Accounting Practise
(GRAP) and prepare consolidated financial statements that reflect the financial position of the
province;

x Norms and Standards: Develops and implements financial norms and standards and ensures
effective communication;

x Risk Management: Provides provincial risk profile, develops and monitors the implementation of the
Provincial Risk Management Framework;
x Provincial Internal Audit: Coordinates the activities and provide technical support for all provincial

internal audit units and audit committees.
x Supporting and Interlinked Financial Systems: To provide oversight and management of existing

financial systems and the transition to the Integrated Financial Management Systems, enhancement
of systems to support the business processes of government and provides capacity building in the
usage of financial systems aimed at better provincial financial management.

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