1 financial management - a provincial perspective cheryl wenezenki-yolland comptroller general...

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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: Cheryl.WenezenkiYolland@gov.bc.cahttp://www.fin.gov.bc.ca/ocg.htm

Ministry of Finance - OCG