Budget Planning and Forecasting System

The Public Transport Authority (PTA) requires a Budget Planning and Forecasting System (“Budgeting System”) to replace its current manual processes, enhance current practices, and enable the PTA to make proactive and strategic financial decisions.

The scope of this tender includes:

• Implementation of a budgeting system to develop, store and manage Treasury and internal operating budgets over the forward estimates and current year forecasts
• Implementation of a budgeting system to develop, store and manage labour budgets over the forward estimates and current year forecasts;
• Budgeting system driven approval workflow for management and tracking of budget adjustments and approval;
• A budgeting system which allows the development of cost and demand models to improve internal and external budget allocation; and
• A budgeting system which provides improved information, to be provided to Treasury, regarding how service provision drives cost, how resources are allocated to meet Government’s objectives and regarding the costs of existing and potential government policies and community preferences for how services are delivered. Ultimately allowing better informed decision making will improve value for money in the allocation of public resources to provide public transport services.

Refer to 'Book 4 - Scope of Services and Specification' for further details.