La investigación de la satisfacción con la vida y su relación con

The Policy, Planning and Financial Management line of business includes Corporate Policy, Fiscal Policy, Expenditure Management and Corporate Services. Policy and Planning provides policy support to the Minister, the department and public agencies. It also negotiates, monitors and manages the fiscal arrangements with the federal government. Expenditure Management provides analytical support to the Financial Management Board, manages the annual budget development process and provides the treasury function. Corporate Services provides departmental financial, administrative and human resources support.

Objectives

• Recommend improvements to legislation and policies that are relevant to the financial and human resources administration of the GN and its public agencies.

• Ensure that the Human Resources and Financial Administration Manuals are current, respond to the needs of users and provide one window for inquiries into their application and interpretation.

• Negotiate and manage the Territorial Formula Financing (TFF) agreement and other fiscal arrangements with the federal government to maximize benefits to the GN.

• Provide fiscal and economic advice and analysis of the implications of GN policies and proposed initiatives to facilitate sound decision-making.

• Through public agency operations, continue to provide liaison, assistance and guidance to public agencies.

• Ensure sound financial decision making throughout the GN through the provision of timely, accurate and meaningful financial management tools.

Programs Budget ($000) 2014-15 2015-16 2016-17 2017-18

Corporate Policy 1,804 1,948 1,940 1,936

Corporate Policy provides departmental, public agency and ministerial support through a dual role of assuming the responsibility for legislation and policy development and support to the Public Agencies Council (PAC). Corporate Policy assumes the lead role providing support and liaison with the Minister's Office and provides the communications function for the department including the departmental website. For PAC, it acts as Secretariat as well as an operational role with respect to liaising with and providing assistance to public agencies in Nunavut. Corporate Policy supports client departments through the development, maintenance and interpretation of the Financial Administration and Human Resources Manuals. In addition, Corporate Policy manages the ATIPP process for the Department of Finance, as well as leads the department’s Inuit societal values initiatives.

Department of Finance

Fiscal Policy 1,915 2,100 2,096 2,101

Two sections make up the Fiscal Policy Division: Fiscal and Economic Policy and Taxation and Insurance. The Fiscal and Economic Policy team negotiates and manages most fiscal arrangements with the federal government, forecasts GN revenues, and monitors Nunavut's overall fiscal and economic health. The section collaborates interdepartmentally on a wide range of initiatives such as devolution, and represents the GN to other Canadian governments on a number of fiscal and economic initiatives. The Taxation and Insurance team administers the GN’s tax system by enforcing tax legislation, reviewing and developing tax policy and rates, and delivering related programs. The Fiscal Policy Division is also responsible for regulating the territory’s insurance industry by licensing insurance professionals and insurance companies.

Expenditure Management 1,936 1,924 1,923 1,915

Expenditure Management coordinates, facilitates, and provides policy and financial direction to the GN’s budget development processes. Financial management advice, policy and administrative support are provided to the Financial Management Board, departments and public agencies. Expenditure Management performs a compliance and enforcement role with respect to departmental budgets, organizational design and positions. The treasury function enables the GN to improve its cash management and its ability to project cash flows and generate revenue from the investment of surplus cash.

Corporate Services 2,242 2,322 2,322 2,323

Corporate Services provides financial, administrative and human resource support to the Department of Finance. Corporate Services is responsible for budget development, analysis and control for the department and includes the risk management function. Corporate Services manages the Centrally Administrated Funds Branch. It also provides departmental human resource support including the coordination of the Financial Internship Program.

Total, Policy, Planning

and Financial Management 7,897 8,294 8,281 8,275

Priorities (2014-15)

• Enhance the budget development process for departments and public agencies in order to develop a consolidated budget as part of the fiscal planning process.

Status: In progress. Departments and public agencies provided information that would

allow for the development of a consolidated budget. This information is being reviewed to determine if it is sufficient to allow for the future development of a consolidated budget during the fiscal planning process.

• Implement, monitor and support the implementation of Enterprise Risk Management across the GN.

Status: A draft Enterprise Risk Management Policy has been developed in cooperation with

all departments. The GN has adopted a Risk Management Information System. The software will be implemented in 2015-16.

Department of Finance

Priorities (2015-16)

• Conduct a comprehensive review of Nunavut’s taxation system to ensure its rates and structure are equitable, efficient and effective, particularly in the context of the recently renewed major federal transfers.

• Implement a new budgeting system for the three-year forecast and variance reporting. • Review and improve the Financial Internship Program.

Priorities (2016-17)

• Implementation of the comprehensive tax review.

• Initiate a review of the Insurance Act to identify opportunities to modernize the territory’s regulation of the insurance industry.

• Conduct a GN-wide employee survey to provide data for the 2019-2022 Human Resources Strategy and contribute to the development of an Employee Wellness Program.

Priorities (2017-18)

• In cooperation with EIA, develop the 2019-22 Human Resources Strategy.

• Draft amendments to the Insurance Act.