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Financial Management - A Provincial Perspective
Cheryl Wenezenki-YollandComptroller General
Province of BC
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What is the definition of insanity?
Ministry of Finance - OCG
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Insanity is.........
Doing the same thing over and over again and expecting different results.
Ministry of Finance - OCG
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What does this have to do with financial management?
Ministry of Finance - OCG
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If our traditional approach to financial management is no longer sufficient to meet today’s business environment,
what does it need to become?
Ministry of Finance - OCG
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Financial management in today’s
public sector must transform to meet today’s demands for improved
performance and accountability.
It must be strategic, innovative and integrated with program performance.
Ministry of Finance - OCG
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How do we leverage our past successes to improve today’s financial
management?
Ministry of Finance - OCG
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What are some of the goals and priorities that financial management needs to support?
Government strategic priorities Ministry program priorities Citizen demands for accountability
Ministry of Finance - OCG
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What are the challenges to transforming the financial management in
government?
Ministry of Finance - OCG
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Challenges…...
Does the public sector have the capacity to support a strategic financial management function?
Ministry of Finance - OCG
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Challenges.........
How can financial management evolve within the constraints of government structures?
Ministry of Finance - OCG
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Challenges..........
How do we integrate financial management with public performance management?
Ministry of Finance - OCG
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Challenges............
How do we transform the financial management function in government in an environment of constant change and challenges?
Ministry of Finance - OCG
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As a financial leader, I’m up for the challenge .... are you?
Ministry of Finance - OCG
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QUESTIONS?
Cheryl Wenezenki-YollandPhone: (250) 387-6692
Email: [email protected]://www.fin.gov.bc.ca/ocg.htm
Ministry of Finance - OCG