Strategic Objectives

Finance, Administration and Information Technology Division focused on the following strategic objectives during the 2010/2011 financial year:

• Improve the control environment and comply with all relevant legislation

1. Achieve financial management excellence through efficient and effective controls and processes;
2. Liaise with, and correct all, control environment deficiencies identified by the auditors;
3. Effective management and the safeguarding of assets;
4. Review and update policies on an annual basis and
5. Improve business efficiencies.

• Ensure that AISA’s budget is utilised effectively in pursuance of its mandate

1. Discuss budgeting inputs to the strategic and annual performance plans to encourage transparent alignment of budgetary and planning processes and divisional ownership of budgets;
2. Allocate proportional costs to all divisions to ensure that they remain cognisant of all operational expenditures;
3. Honour lease agreements, infrastructure expenses and basic utility services;
4. Maintain the Information and Communications Technology (ICT) infrastructure;
5. Revise budget and submit the revised budget; and
6. Monitor income and expenditure against the budget.

• Manage the Institute’s cash flow to facilitate operations

1. Manage cash movement to provide greater accuracy in cash flow projections to maximise revenue.

• Increase revenue to AISA to augment the grant received by government

1. Increase revenue by effectively managing cash flow and asset disposal; and
2. Manage the grant allocation from the Department of Science and Technology (DST).

• Risk management

1. Assess and mitigate the impact of the top risks across AISA; and
2. Ensure that AISA’s insurance policy is adequate and covers all assets and possible liabilities.