The Territory's financial and performance management framework is titled Working for Outcomes. It is a comprehensive framework comprising three core elements:
| - | outputs - specifications of outputs; | |
| - | performance - measurement of agency performance in relation to the quality, quantity, timeliness and cost of outputs; and | |
| - | accruals - budgeting, accounting and reporting according to the accrual methodology. |
The principle objective of the Working for Outcomes framework is to provide a better basis for resource allocation within the Territory by:
| - | focusing on outputs and performance; | |
| - | clearly defining links between outcomes and outputs; and | |
| - | providing full cost information for outputs. |
The Working for Outcomes framework provides agencies with the tools necessary to effectively monitor, evaluate and improve their performance in the delivery of outputs to the Territory community. It promotes efficient and effective agency management with value for money service delivery. Working for Outcomes is a contemporary financial management system derived from an accrual output-based framework.
Agencies provide Treasury with quarterly performance information on actual performance compared to targets during the year. This information is then reported to Ministers and Cabinet.