Financial and Performance Management Standard 2019
sec.11Systems for managing resources
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sec.11 Systems for managing resources
A department’s accountable officer or a statutory body must establish and maintain the following systems (each a resource management system ) for efficiently, effectively and economically managing the resources of the department or statutory body— a revenue management system; an expense management system; an asset management system; a cash management system; a liability management system; a contingency management system; a financial information management system; a risk management system. See also sections 13 , 14 and 18 to 23 . The accountable officer or statutory body must regularly review each of the department’s or statutory body’s resource management systems to ensure the systems remain appropriate for managing the resources of the department or statutory body. In establishing, maintaining or reviewing a resource management system, the accountable officer or statutory body must have regard to the financial accountability handbook. (sec.11-ssec.1) A department’s accountable officer or a statutory body must establish and maintain the following systems (each a resource management system ) for efficiently, effectively and economically managing the resources of the department or statutory body— a revenue management system; an expense management system; an asset management system; a cash management system; a liability management system; a contingency management system; a financial information management system; a risk management system. See also sections 13 , 14 and 18 to 23 . (sec.11-ssec.2) The accountable officer or statutory body must regularly review each of the department’s or statutory body’s resource management systems to ensure the systems remain appropriate for managing the resources of the department or statutory body. (sec.11-ssec.3) In establishing, maintaining or reviewing a resource management system, the accountable officer or statutory body must have regard to the financial accountability handbook.
- (a) a revenue management system;
- (b) an expense management system;
- (c) an asset management system;
- (d) a cash management system;
- (e) a liability management system;
- (f) a contingency management system;
- (g) a financial information management system;
- (h) a risk management system.