TIMS Overview

|What is TIMS?| |Why did TIMS happen?| |Who uses TIMS?|
|TIMS Reporting Framework & Modules| |TIMS and the Annual Budget Process|

What is TIMS?

  • TIMS is an acronym for Treasury Information Management System
  • TIMS manages Agency &amp Whole of Government financial information collection and reporting for budgeting and actuals, using a single chart of accounts.
  • Integrates all functions within a single system.
  • TIMS is used by approximately 160 agencies across the State Government.

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Why did TIMS happen?

Old Systems

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External Review

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TIMS
  • Multiple separate systems
  • Used replacement based budgeting making it difficult to report to Government on reasons for budget variations
  • Used Manual interfaces
  • Systems were developed by key internal people which caused problems
  
  • Determined need for strategic development of systems
  • Assessed vendor-based solutions vs. in-house development
  • Recommended strategies to reduce key person issues
  
  • DTF determined to implement a vendor-based solution to service major functions (ATM and IM)
  • DTF determined to Manage TIMS under a strategic steering committee
  • Key person issues were thereby reduced
  • Adjustment based budgeting implemented.

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Who uses TIMS?

   

Reporting Function

 Agencies

Treasury and Finance
Budgeting and Forecasting

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 Budget financial statements (ATM)

Y

Y
    Consolidated budget financial statements

N

Y
    Budget Collection Module (BCM)

Y

Y
         
Periodic Actuals Reporting

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 Monthly or quarterly actual financial statements (IM)

Y

Y
    Consolidated periodic financial statements

N

Y
         
Future Modules

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 Capital Evaluation and Planning

Y

Y
    Disbursement profiling

Y

Y
    Outcome/output reporting

Y

Y
         

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TIMS Reporting Framework and Modules

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TIMS and the Annual Budget Process

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