What is an Annual Performance Plan?
Annual Performance Plans identify the performance indicators and targets that the institution will seek to achieve in the upcoming budget year. It is important that these performance indicators and targets are aligned across an institution’s annual plans, budgets, in-year and annual reports.
What is the purpose of an Annual Performance Plan?
Strategic Plans and Annual Performance Plans are intended to provide a basis for evaluating the organisational performance of public institutions. An Annual Performance Plan sets out what the institutions intends doing in the upcoming financial year and during the MTEF (Medium Term Expenditure Framework) to implement its Strategic Plan.
What is the focus of the Annual Performance Plan?
The Annual Performance Plan sets out performance indicators and targets for budget programmes, and sub-programmes and where relevant, to facilitate the institutions realising its goals and objectives set out in the Strategic Plan. The process for the production of the Annual Performance Plan should be aligned to the budget process.
What is the timeframe of an Annual Performance Plan?
The Annual Performance Plan covers the upcoming financial year and the MTEF period.
What are the legal requirements for an Annual Performance Plan?
Legal requirements and guidelines
Chapters 5 and 30 of the Treasury Regulations set out the legal requirements for an Annual Performance Plan, and the National Treasury Framework for Strategic Plans and Annual Performance Plans of August 2010 provides guidance on the production of the Plan.
National and provincial government, public entities and constitutional institutions are by law required to produce and table an Annual Performance Plan including forward projections for a further two years, consistent with the MTEF (Medium Term Expenditure Framework) period, with annual and quarterly performance targets, where appropriate, for the current financial year and the MTEF.
Services
Mzaidume Consulting has a wealth of expertise and experience in the development, implementation, monitoring and review of annual performance plans.