Each budget sector agency must prepare and make available, for each financial year, an annual corporate plan, in the manner and times required by the Finance Instructions, and containing the particulars required by or under the Finance Instructions, the Public Service Act 1999 and any other Act.
(Financial Management Act 2004 s(33))
(1)
All agencies must prepare an Annual
Corporate Plan for each financial
year and submit it to the Ministry of Finance as part of the annual
budget process.
(2)
The Annual Corporate Plan must be
developed having regard for any outcomes in the
Strategic Development Plan that the agency is
responsible for or that it will contribute to.
(3)
The Annual Corporate Plan must
communicate the following information-
(a) the
role and responsibilities
of the agency;
(b) the
policy objectives of Government that the agency can contribute to;
(c) the
specific outcomes that the agency aims to achieve;
(d) the
outputs contributing to those outcomes;
(e) outcome indicators and targets;
(f)
output
measures and targets; and
(g) any
other information prescribed by any Act or Regulation.
Where necessary, agencies must revise their Annual Corporate Plans after
the Annual Budget is passed to show the impact
of the funding allocation.
(Financial Instructions 2005 s(6))