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Preparing the Annual Report - Guidance and Requirements for Crown Entities

Key performance information changes arising from the Bill

Information against appropriations in the Estimates (PFA) New multi-category appropriations (PFA) Statements of Intent (CEA)

For non-departmental output, non-departmental other expenses and non-departmental capital appropriations the Estimates must contain:

  • what is intended to be achieved with the non-departmental appropriation
  • how performance will be assessed (measures and standards)
  • which agency will report performance information
  • where performance information will be reported.
The purpose of the new multi-category appropriations (MCAs) is to provide an option for more flexible use of resources for a common purpose. MCAs will allow departmental and non-departmental output and other expense and non-departmental capital expenditure to be part of the category.

Will be required to be updated at leastonce every three years (but should be reviewed annually).

The SOI is to published online as soon as finalised after Budget day and be tabled in Parliament no later than annual reports.

To help ensure SOIs are focused on strategic information, the CEA will be less prescriptive - specific reference to “impacts, outcomes or objectives” is removed, and the annual information is removed (see next column below).

Annual performance expectations and forecast financials (CEA) Annual reports (CEA) Group reporting the default (CEA)

This annual performance information, currently contained in SOI, will be provided separately in a statement of performance expectations. This allows the SOI to be a strategic document.

Output Agreements

Output Agreements are no longer in the CEA.

Crown entities will have the option of tabling their SOI, statement of performance expectations and annual reports together or as

part of a sector volume as long as the constituent parts are separately identifiable.

Group reporting is the default for the statement of intent, the statement of performance expectations, and the annual report unless the Minister of Finance requires individual reporting by the parent or subsidiary within the group.

In the default situation, only the consolidated group financial information to be audited.

 

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