Enabling and Supporting a High-performing Treasury (continued)
Departmental capital and asset management intentions
The Treasury's forecast capital expenditure reflects the three- to four-year cycle of replacement or upgrading assets to maintain and develop our capability. Our capital asset strategy ensures we invest in a work environment that supports flexibility, mobility and efficiency, which also assists in attracting high-performing staff.
The most significant component of our capital programme relates to maintaining our computing environment and internally generated software, including the ongoing development of the NZDMO in-house system.
We will continue to review our capital expenditure requirements at least annually.
| Forecast Capital Expenditure | 2009/10 Budget $000 |
2010/11 Forecast $000 |
2011/12 Estimated $000 |
2012/13 Estimated $000 |
2013/14 Estimated $000 |
|---|---|---|---|---|---|
| Furniture and Fittings | 25 | - | - | - | - |
| Leasehold Improvements | 11 | - | - | - | - |
| Computer Hardware | 853 | 801 | 871 | 1,293 | 1,523 |
| Office Machinery | - | 50 | 100 | 75 | 75 |
| Total Plant, Property and Equipment | 889 | 851 | 971 | 1,368 | 1,598 |
| Internally Generated Software | - | 364 | 586 | 339 | 164 |
| Other Software | 2 | 160 | 20 | 50 | - |
| Total Intangibles | 2 | 524 | 606 | 389 | 164 |
Cost-effectiveness
The Treasury will continue to ensure it provides efficient and effective services to Ministers by continuing to target investment in people, processes and systems. Work specifically being undertaken as part of the performance improvement actions identified in this Statement of Intent will support this objective.
The Treasury is participating in the BASS programme, which will assist it to identify opportunities to improve services in an effective and efficient manner through benchmarking, monitoring and evaluation.
As part of establishing and monitoring our results, the Treasury's leadership regularly considers the level of resources (both staff and consultancy advice) devoted to areas of work, making adjustments to ensure it optimally allocates resources. As the Treasury's baseline is decreasing over coming years, it is putting an increased focus on its finance strategy and seeking efficiencies.
