Fiduciary Systems Assessment of the Oaxaca Water and Sanitation Sector Modernization Project

Public Financial Management of the Mexican Federal administration relies on open and orderly Financial Management (FM) systems based on a strong legal framework, policies, and procedures for execution of public expenditures. These FM country system...

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Bibliographic Details
Main Author:	World Bank
Format:	Other Financial Accountability Study
Language:	English en_US
Published:	Washington, DC 2014
Subjects:	ACCESS TO INFORMATION ACCOUNTABILITY ACCOUNTING ACCOUNTING STANDARDS ACTION PLAN ADMINISTRATION OF CONTRACTS ADMINISTRATIVE PROCESS ADMINISTRATIVE UNIT ADMINISTRATIVE UNITS ANNUAL PROCUREMENT APPLICABLE PROCEDURE APPLICABLE PROCUREMENT ASSETS BALANCE SHEET BANK PROCUREMENT BANK PROCUREMENT GUIDELINES BENEFICIARIES BID BIDDER BIDDERS BIDDING DOCUMENTS BIDS BORROWER BUDGET ALLOCATION BUDGETING CAPACITY BUILDING CASH MANAGEMENT CERTIFICATION CHART OF ACCOUNTS CIVIL WORKS CLAIM COMPETITIVE BIDDING COMPETITIVE BIDDING PROCEDURES COMPETITIVE PRICES COMPETITIVE PROCEDURES COMPETITIVE PROCESS COMPETITIVE PROCUREMENT COMPLAINT COMPLAINTS COMPUTERS CONSULTING CONTRACTS CONSULTING SERVICE CONSULTING SERVICES CONTRACT AWARD CONTRACT EXECUTION CONTRACT MANAGEMENT CONTRACTOR CONTRACTORS CONTROL MECHANISMS CORRUPTION CREDIT RATINGS DEBT SERVICE DEPENDENT DISBURSEMENT DISBURSEMENT METHOD ELECTRONIC PLATFORM EMPLOYMENT OF CONSULTANTS EQUIPMENT EXPENDITURE EXPENDITURES EXTERNAL AUDIT EXTERNAL CREDIT FEDERAL BUDGET FEDERAL GOVERNMENT FINANCIAL ADMINISTRATION FINANCIAL INFORMATION FINANCIAL INSTRUMENT FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT ARRANGEMENTS FINANCIAL MANAGEMENT SPECIALIST FINANCIAL REPORTING FINANCIAL REPORTS FINANCIAL RESOURCES FINANCIAL SITUATION FINANCIAL STATEMENTS FINANCIAL SUSTAINABILITY FRAUD FUTURE CONTRACT GEOGRAPHICAL AREA GOODS CONTRACTS GOVERNMENT ENTITIES GRACE PERIOD HARDWARE HARMONIZATION HUMAN RESOURCES IMPLEMENTING AGENCIES IMPLEMENTING AGENCY INFORMATION SYSTEM INITIATIVE INSTITUTION INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL CAPACITY INSTITUTIONAL FRAMEWORK INSTITUTIONAL REFORMS INTEGRITY INTEREST RATES INTERNAL AUDIT INTERNAL AUDIT FUNCTION INTERNAL AUDITS INTERNAL CONTROL SYSTEMS INTERNAL PROCESS INTERNATIONAL COMPETITION LAWS LEGAL FRAMEWORK LEGAL FRAMEWORKS LEGAL PERSONALITY LEGAL PROVISIONS LEGAL SYSTEM LOAN LOAN PROCEEDS MANAGEMENT SYSTEM MANDATE MATURITY MATURITY DATES METHOD OF PROCUREMENT MINISTRY OF FINANCE MODEL CONTRACT NATIONAL BANK NEGOTIATIONS OFFENSE OPEN COMPETITION OPEN COMPETITIVE BIDDING ORIGINAL CONTRACT PERFORMANCE INDICATORS PROCUREMENT PROCUREMENT ACTIONS PROCUREMENT ACTIVITIES PROCUREMENT ARRANGEMENTS PROCUREMENT COMMITTEE PROCUREMENT EXPERIENCE PROCUREMENT LAWS PROCUREMENT LEGISLATION PROCUREMENT METHOD PROCUREMENT OF GOODS PROCUREMENT OF WORKS PROCUREMENT PLAN PROCUREMENT PLANNING PROCUREMENT PLANS PROCUREMENT PROCEDURES PROCUREMENT PROCESS PROCUREMENT PROCESSES PROCUREMENT REQUIREMENTS PROCUREMENT SPECIALIST PROCUREMENT STAFF PROCUREMENT SYSTEM PROCUREMENT SYSTEMS PROSPECTIVE BIDDER PROTOCOL PUBLIC PUBLIC ADMINISTRATION PUBLIC DEBT PUBLIC ENTITIES PUBLIC FINANCES PUBLIC FUNDS PUBLIC INFORMATION PUBLIC PROCUREMENT PUBLIC WORKS QUALIFIED STAFF REGISTRIES REGISTRY REGULATORY FRAMEWORK RESOURCE PLANNING RESULT RESULTS RIGHT OF APPEAL RISK MANAGEMENT RISK MANAGEMENT SYSTEM SALARIES SANCTION SANCTIONS SECURITIES STATE GOVERNMENT SUPERVISION SUPPLIERS TECHNICAL ASSISTANCE TENDERS TIME FRAMES TRANSPARENCY TREASURY TURNOVER TYPE OF ACTIVITY USERS VERIFICATION WEB WEB PAGE WEB PAGES WEB SITE WHISTLEBLOWER
Online Access:	http://documents.worldbank.org/curated/en/2014/03/19783262/oaxaca-water-sanitation-sector-modernization-program-fiduciary-stsyems-assessment http://hdl.handle.net/10986/20068

Description
Summary:	Public Financial Management of the Mexican Federal administration relies on open and orderly Financial Management (FM) systems based on a strong legal framework, policies, and procedures for execution of public expenditures. These FM country systems are partially replicated in the State of Oaxaca and, in particular, in the Secretariat of Finance (Secretaria de Finanzas, SEFIN), which will be coordinating the overall implementation of the Program, and in the executing entities, the State Water Commission (Comision Estatal de Agua, CEA) and the Oaxaca Metropolitan Area Water Utility (SAPAO), which will be responsible for carrying out technical activities under the Program. Although SEFIN has limited experience in managing Bank-financed operations, and CEA and SAPAO have no such experience, the overall conclusion of the FM assessment is that SEFIN, CEA and SAPAO1 have suitable financial management arrangements, which include the key elements for an adequate implementation of the Program, such as: (i) a formal process of budget planning and execution based on comprehensive legal and normative frameworks; (ii) the approval of the State Expenditures Budget on an annual basis by the State Legislature; (iii) an integrated budgeting and accounting system (SINPRES), which allows for the management and control of financial resources; (iv) organizational structures with adequate segregation of duties, documented in the appropriate Functions and Organizational Manuals, and (v) experienced staff.

Fiduciary Systems Assessment of the Oaxaca Water and Sanitation Sector Modernization Project

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