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1 Financial Management - A Provincial Perspective Cheryl Wenezenki-Yolland Comptroller General Province of BC.

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Presentation on theme: "1 Financial Management - A Provincial Perspective Cheryl Wenezenki-Yolland Comptroller General Province of BC."— Presentation transcript:

1 1 Financial Management - A Provincial Perspective Cheryl Wenezenki-Yolland Comptroller General Province of BC

2 2 What is the definition of insanity? Ministry of Finance - OCG

3 3 Insanity is......... Doing the same thing over and over again and expecting different results. Ministry of Finance - OCG

4 4 What does this have to do with financial management? Ministry of Finance - OCG

5 5 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

6 6 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

7 7 How do we leverage our past successes to improve today’s financial management? Ministry of Finance - OCG

8 8 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

9 9 What are the challenges to transforming the financial management in government? Ministry of Finance - OCG

10 10 Challenges…...  Does the public sector have the capacity to support a strategic financial management function? Ministry of Finance - OCG

11 11 Challenges.........  How can financial management evolve within the constraints of government structures? Ministry of Finance - OCG

12 12 Challenges..........  How do we integrate financial management with public performance management? Ministry of Finance - OCG

13 13 Challenges............  How do we transform the financial management function in government in an environment of constant change and challenges? Ministry of Finance - OCG

14 14 As a financial leader, I’m up for the challenge.... are you? Ministry of Finance - OCG

15 15 QUESTIONS? Cheryl Wenezenki-Yolland Phone: (250) 387-6692 Email: Cheryl.WenezenkiYolland@gov.bc.caCheryl.WenezenkiYolland@gov.bc.ca http://www.fin.gov.bc.ca/ocg.htm Ministry of Finance - OCG

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