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Government Finance Function

Government Finance Function. “We put finance at the. heart of decision making. Mike Driver Head of Government Finance Function and Chief Financial Officer, Ministry of Justice. Driving the agenda,. not just keeping score.”. The Functional agenda. The Functional taxonomy

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Government Finance Function

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  1. Government Finance Function “We put finance at the heart of decision making. Mike Driver Head of Government Finance Function and Chief Financial Officer, Ministry of Justice Driving the agenda, not just keeping score.”

  2. The Functional agenda • The Functional taxonomy • With examples of how the Finance Function is delivering against each activity • UK Government Integrated Functional Suite A new strategy for the Government Finance Academy as well as the design of career frameworks which clearly define roles, expectations and career pathways Costings projects deliver insights and enhance understanding of inputs, outputs and outcomes for complex and cross-cutting areas of spend and policy across government Clear, consistent and accessible definitions of finance standards and policies as well as refreshed risk management The launch and implementation of the Finance Function Strategy, supported by the Finance Strategy Board, enables the function to act as a trusted partner Knowledge Networks connect experts across finance and share leading practice to drive continuous improvement A re-design of the OneFinance Platform and a re-vamp of Centres of Excellence to deliver specialist financial activities that drive quality and consistency across government

  3. Our community Why we’re here • To enable the delivery of high quality public services • To ensure that public money is spent efficiently and effectively • We support the management of over £800 billion of public expenditure each year, as well as over £2,000 billion in assets and £4,500 billion of liabilities Who we are • A diverse community of over 10,000 people spread out across the United Kingdom • Three-quarters based in regions outside of London • Far broader than individual professions, bringing together a range of disciplines and expertise

  4. Our vision “We put finance at the heart of decision making. Driving the agenda, not just keeping score.”

  5. Our objectives Civil Service Vision HMT Objectives Function Outcomes Government Finance Function Vision “We put finance at the heart of decision making. Driving the agenda, not just keeping score.” Government Finance Function Objectives Sound forecasting and reporting, with robust data, efficient transaction processing, and effective management of risk, supported by standards, policies, guidance and strong functional leadership A high performing and diverse function, with great people in the right roles with the right skills A modern, collaborative finance function that delivers quality services more effectively and efficiently A function informed by analysis, underpinned by good quality data and supported by analytics and visualisation tools The ‘go-to’ partner for colleagues to provide expert advice and informed decision-making Driving a strong culture of planning, risk and performance with integrated financial and business planning, aligned with robust risk and assurance

  6. Our outcomes: Delivering a great service Efficient core processes, systems and management information A progressive brand and well communicated narrative Collective functional leadership Consistent standards and policies

  7. Our outcomes: A confident, resilient and diverse function Expert people Diverse and inclusive culture Clear career frameworks Confident and visible leaders

  8. Our outcomes: Modern and collaborative Organisational structures that promote collaboration and knowledge sharing Greater process standardisation A shared understanding of how we operate

  9. Our outcomes: Able to tell an effective story Clear, consistent and accessible data governance, definitions and standards Enhanced analytics and data visualisation tools Data driven insights

  10. Our outcomes: Credible experts and business partners Strong and embedded relationships Influential and solution focussed people Credible and reliable experts and business partners

  11. Our outcomes: Keeping the business safe Affordable and deliverable departmental plans Effective risk management Insightful reporting and monitoring of spend, performance and risks

  12. Our vision “We put finance at the heart of decision making. Driving the agenda, not just keeping score.”

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