Technology and Financial Management in the Government of Canada ICGFM, Miami, May 2007 Jim Libbey Treasury Board Secretariat Canada

2 Overview General context Recent history Current activities Future considerations Discussion

3 General context Peace, Order, and good Government Financial Administration Act Policies, Directives and Guidance Department of Finance Treasury Board and its Secretariat Common Service Organization

4 Recent history Financial Information Strategy –Accrual accounting –New systems –Training and more training Departments organize around systems Shared Travel Service

5 Current activities New Financial Management Policies Management, Resources and Results Structure Expenditure Management Information System Audited departmental financial systems Capacity development Technology for internal audit

6 Future considerations Enterprise Resource Planning systems? Accrual-based appropriations? Purpose-based appropriations? Systems for grants and contributions? Electronic Authentication and Authorization? Extensible Business Reporting Language?

7 Discussion??

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