Financial Plan update

A Financial Plan is critical to the success of your organisation – it sets out how your agency will achieve its strategic objectives, deliver its outputs and meet any funding pressures within approved funding levels. Although COVID-19 has faded into the background, it may have tipped us into a recession, and at a time when government debt is at record levels. This new environment will create significant financial management issues for many public sector agencies. It is important that your Financial Plan enables you to respond to the issues and pressures of the new environment. The Financial Plan Update will provide a review of your existing financial plan, an assessment of whether it supports the organisation to achieve its objectives, recommendations for improvement, and a jointly managed/agreed update.

What do you receive?

• An updated Financial Plan that responds to the cost, funding and other demands of the current environment.
• Confidence that your organisation is able to work within approved funding levels to achieve its objectives and deliver its outputs.

Why would you be interested?

The operating environment has changed for public sector agencies. The Financial Plan Update will ensure that you are able to:

• Fund inflation and other cost pressures within existing baselines
• Explain to Ministers how your organisation will achieve its strategic objectives, deliver its agreed outputs and meet funding pressures within approved funding
• Have sufficient headroom to manage the unexpected.

Why are we the best people to provide this service?

• We are public sector finance specialists with extensive sector knowledge and experience. Over the years we have developed financial plans for many agencies across the public sector
• We have published a range of public sector finance guides, including Developing a Strategic Financial Plan. These guides provide a good basis for us to assess your Financial Plan and to identify improvements.