Internal Control Steering
Committee
Reporting Against Goals
August, 2013
Achievement of a score of 3.5 (out of 4.0) in the
annual internal control self-assessment survey
Key Process Section
Selling/Revenue
Buying/Expenditure
Payroll
Property and Equipment
Reviews & Reconciliations
Target
3.53
3.60
3.58
3.20
3.59
2012/13
Actual
3.48
3.72
3.77
3.29
3.25
Overall
3.50
3.50
No unresolved Provincial Audit recommendations Oct/08 – 20 outstanding recommendations
relating to financial management and
Oct/09 - 15 outstanding recommendations
administration provided those recommendations
Aug/10 - 13 outstanding recommendations
are also endorsed by senior management and the Aug/11 - 22 outstanding recommendations
Board
Aug/12 - 2 outstanding recommendations
Aug/13 – 0 outstanding recommendations
No unresolved granting council and other funding May/12 – 6 outstanding recommendations
agency recommendations that relate to financial
management and administration provided those
recommendations are also endorsed by senior
management and the Board
Increase in the percentage of campus financial
Client Satisfaction Survey:
managers who understand the key controls in their 2008(135 responses) – 44%
college/unit to 75% by the end of the planning
2010(134 responses) – 56%
cycle
2012(110 responses) – 63%
Increase in the percentage of campus financial
Client Satisfaction Survey:
managers who are involved in testing key controls 2008(137 responses) – 10%
in their college/unit to 50% by the end of the
2010(134 responses) – 23%
planning cycle
2012(110 responses) – 27%
Maintenance of the percentage of campus
Client Satisfaction Survey:
financial managers who understand their financial 2008(136 responses) – 88%
management responsibilities at 88%
2010(134 responses) – 88%
2012(110 responses) – 84%
Increase in the percentage of campus financial
Client Satisfaction Survey:
managers who know what tools are available to
2008(187 responses) – 47%
assist with financial management responsibilities 2010(134 responses) – 61%
to 85%,
2012(110 responses) – 65%
and who feel those tools are adequate to 75% by
the end of the planning cycle
2008(151 responses) – 48%
2010(134 responses) – 59%
2012(110 responses) – 62%