Page 61 - Parliament Budget Office Annual Report 2022-2023

3.2 Supply Chain Management and Asset Management
3.2.1 Supply Chain Management (SCM)
The Service Level Agreement signed between the Director and the former Acting Secretary to Parliament enables the Office to co- share Parliaments SCM regulations, policies, directives, and procurement framework. Therefore, the Office adheres to all procurement regulations, policies, and directives of Parliament.
Procurement during the 2022/23 FY was carried out entirely within Parliaments SCM framework.
3.2.2 Asset management
The Office co-share the asset management framework of Parliament. Therefore, all assets under the custodianship of the PBO are incorporated on Parliament’s main asset database. All ICT assets such as laptops are maintained by Parliament’s Information Communications Technology (ICT). The asset management framework within which the Office operates falls within the prescripts of the FMPPLA, the amended Money Bills Act and the SCM Regulations.
3.3 Current Developments and Future Financial Plans
In terms of the amended Money Bills Act, no 13 of 2018, the Office is required to comply with the legislative provisions of section 35 of the FMPPLA regarding transfers of funds. However, due to lack of organisational capacity and transitional period, Office uses SLA to operate within the policies of Parliament. A Service Level Agreement was signed on 04 March 2021 by the Director and the Acting Secretary to Parliament—the SLA came into force on 1 April 2021. The embarked on an organisational design and development project in an attempt to give effect to the governance and accountability requirements contained in section 15 of the amended Money Bills Act.
The Office embarked on an organisational design and development project to give effect to the governance and accountability requirements contained in section 15 of the amended Money Bills Act. The ODD is currently being considered by the Advisory Board and the Executive Authority.
3.4 Concluding remarks
The Parliamentary Budget Office has been operational since June 2013 and operated in accordance with the Money Bills Act of 2009. The passing of the amended Money Bills Act no 2018 resulted in the PBO being established as a juristic entity of Parliament with the Director as its Accounting Officer.
The Office is required to comply with various provisions of the Money Bills Act and the FMPPLA. The amended Money Bills Act requires for the strengthening of the overall governance and accountability framework of the office. This capacitation will enable the office to comply with the legislated accountability provisions of the Money Bills Act and the FMPPLA. In the interim, the SLA serves as a mechanism that allows Office to function efficiently and effectively.
SCM Regulations of Parliament and the Financial Management of Parliament and Provincial Legislatures Act
PARLIAMENTARY BUDEGT OFFICE ANNUAL REPORT FOR THE 2022/2023 FINANCIAL YEAR
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