OVERVIEW OF HISTORICAL FISCAL PERFORMANCE Sample Clauses

OVERVIEW OF HISTORICAL FISCAL PERFORMANCE. 1.1 Fiscal Performance In 2008, the Government received a $22.9 million judgment in the IPOC case, causing total revenue to peak at $302.9 million in that year. Since 2010, recurrent revenue has grown on average by three percent. Between 2011 and 2012, total revenue increased by 3.1% driven mainly by a 43.9% increase in stamp duty received by central government in 2012, and a 2.2% increase in financial services revenue remitted to central government in the year (see figure 1). Recurrent expenditure outpaced revenue growth prior to 2008 before dipping in 2010 and 2011. This reduction in recurrent expenditure was partly attributed to limited growth in the public sector wage bill following a temporary hiring freeze and of deferred payment of bills1 for goods and services provided to Government. As a result, in 2012, expenditure on goods and services partly increased due to payments on outstanding invoices (see figure 1). In addition, spending on employee compensation increased slightly by 1.6 percent in 2012. This reflected the Government’s policy decision to lift the hiring freeze and reduce increments by half. The hiring freeze was lifted in order to fill existing skills-gaps in the civil service while also addressing unemployment, especially among young people. The Government’s decision to give half-increments in the year was an attempt to reduce overall growth in personal emoluments. Recurrent expenditure grew by 8 percent between 2011 and 2012. Figure 1: Annual Revenue and Expenditure (2008-2012) Capital expenditure fluctuated based on the capital investment plan implemented. Major infrastructural developments over the period included the Xxxxxxx Hospital, Road Rehabilitation works, Social 1 The GOVI practices cash accounting therefore recurrent expenditure is synonymous with cash payments. Infrastructure (parks, playgrounds and community centres), the Greenhouse project, and the Culinary Arts Centre. Evidencing the Government’s goal to complete Xxxxxxx Hospital and direct more resources towards longer-term capital development, in 2012 capital expenditure increased by 11.6 percent to $44.1 million. Capital expenditure was 14.5 percent of total government expenditure in the year, up from 14.1 percent in 2011 (see figure 2). Figure 2: Capital Expenditure Appendix 1 provides more detail on historical revenue and expenditure of Central Government The Government has committed to rebuilding the level of reserves by 2015 in line with the borrowing limit ratios ...
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Related to OVERVIEW OF HISTORICAL FISCAL PERFORMANCE

  • Ongoing Performance Measures The Department intends to use performance-reporting tools in order to measure the performance of Contractor(s). These tools will include the Contractor Performance Survey (Exhibit H), to be completed by Customers on a quarterly basis. Such measures will allow the Department to better track Vendor performance through the term of the Contract(s) and ensure that Contractor(s) consistently provide quality services to the State and its Customers. The Department reserves the right to modify the Contractor Performance Survey document and introduce additional performance-reporting tools as they are developed, including online tools (e.g. tools within MFMP or on the Department's website).

  • Annual Performance Evaluation On either a fiscal year or calendar year basis, (consistently applied from year to year), the Bank shall conduct an annual evaluation of Executive’s performance. The annual performance evaluation proceedings shall be included in the minutes of the Board meeting that next follows such annual performance review.

  • Quarterly Contractor Performance Reporting Customers shall complete a Contractor Performance Survey (Exhibit I) for each Contractor on a Quarterly basis. Customers will electronically submit the completed Contractor Performance Survey(s) to the Department Contract Manager no later than the due date indicated in Contract Exhibit D, Section 17, Additional Special Contract Conditions. The completed Contractor Performance Survey(s) will be used by the Department as a performance-reporting tool to measure the performance of Contractors. The Department reserves the right to modify the Contractor Performance Survey document and introduce additional performance-reporting tools as they are developed, including online tools (e.g. tools within MyFloridaMarketPlace or on the Department's website).

  • Employee Performance Evaluations Any employee performance evaluation shall be prepared by the employee's supervisor who has the responsibility and authority to prepare such reports. Employee performance evaluation reports shall be discussed with the employee prior to finalization of each category of the report. An employee will receive an appointment with his/her department's reviewing officer to discuss the evaluation by signing the evaluation form in the space provided. Each department shall make a reasonable effort to ensure that the reviewing officer for this purpose has not been a party to the preparation of the evaluation. In no case shall the reviewing officer sign the evaluation form until a review has occurred. Any regular or special evaluation with a rating of "unsatisfactory" shall include plans for employee development. Except in cases of termination, release from probation, or leave of absence, employees who receive an unsatisfactory performance evaluation must receive a follow-up evaluation. The follow-up evaluation shall cover a period of time no greater than ninety (90) calendar days from the date of the final review of the initial unsatisfactory evaluation. An employee shall have the right to submit written comments regarding any evaluation and to have such comments included in his/her personnel file along with the evaluation.

  • Annual Performance Review The Employee’s performance of his duties under this Agreement shall be reviewed by the Board of Directors or a committee of the Board of Directors at least annually and finalized within thirty (30) days of the receipt of the annual audited financial statements. The Board of Directors or a committee of the Board of Directors shall additionally review the base salary, bonus and benefits provided to the Employee under this Agreement and may, in their discretion, adjust the same, as outlined in Addendum B of this Agreement, provided, however, that Employee’s annual base salary shall not be less than the base salary set forth in Section 4(A) hereof.

  • Criteria for Performance Assessment A. A teacher’s performance shall be assessed based on the criteria set forth in the evaluation instrument, Appendix D.

  • Contractor Performance Evaluations The Contract Administrator will evaluate Contractor’s performance as often as the Contract Administrator deems necessary throughout the term of the contract. This evaluation will be based on criteria including the quality of goods or services, the timeliness of performance, and adherence to applicable laws, including prevailing wage and living wage. City will provide Contractors who receive an unsatisfactory rating with a copy of the evaluation and an opportunity to respond. City may consider final evaluations, including Contractor’s response, in evaluating future proposals and bids for contract award.

  • EMPLOYEE PERFORMANCE EVALUATION Purpose: To provide the policy and procedures for assessing employee performance and communicating the results of assessment to the employee and to others using assessment information in personnel decisions, and further to express the mutual commitment of the parties to the University’s values.

  • CONTRACTOR PERFORMANCE AUDIT The Contractor shall allow the Authorized User to assess Contractor’s performance by providing any materials requested in the Authorized User Agreement (e.g., page load times, response times, uptime, and fail over time). The Authorized User may perform this Contractor performance audit with a third party at its discretion, at the Authorized User’s expense. The Contractor shall perform an independent audit of its Data Centers, at least annually, at Contractor expense. The Contractor will provide a data owner facing audit report upon request by the Authorized User. The Contractor shall identify any confidential, trade secret, or proprietary information in accordance with Appendix B, Section 9(a), Confidential/Trade Secret Materials.

  • SCHEDULE FOR PERFORMANCE REVIEWS 8.1 The performance of each Employee in relation to his/her performance agreement shall be reviewed on the following dates with the understanding that reviews in the first and third quarter may be verbal if performance is satisfactory:

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