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and where transfers to the Treasury from revenue collection entity accounts to the Treasury are not automatic when funds are deposited, for example if they are transferred daily or weekly. These differences can mean that funds are not properly accounted for in the Treasury system, leading to deviations in reporting. Large fluctuations in deposits, and consequent deviations in when transactions are recorded, could have a material effect on reporting.

 

Dimension 20.3. Scoring

Score Minimum requirements for scores
A Entities collecting most central government revenue undertake complete reconciliation of assessments, collections, arrears, and transfers to Treasury and other designated agencies at least quarterly within four weeks of the end of quarter
B Entities collecting most central government revenue undertake complete reconciliation of assessments, collections, arrears, and transfers to Treasury and other designated agencies at least half-yearly within eight weeks of the end of the half-year.
C Entities collecting most central government revenue undertake complete reconciliation of collections and transfers to Treasury and other designated agencies at least annually within 2 months of the end of the year.
D Performance is less than required for a C score.

Dimension 20.3. Timing, coverage and data requirements

Time period Coverage Data requirements/ calculation Data sources
At the time of the assessment. CG.
  • Comprehensiveness, frequency, and timeliness of reconciliation undertaken by each major revenue-collection entity(ies). It relates to aggregate amounts of assessments/charges, collections, arrears, and transfers to (and receipts by) the Treasury or other designated agencies.
  • Entities/revenue authorities collecting CG revenue.
  • Treasury or other designated revenue recipients.
  • Central bank

 

PEFA Handbook Volume 1: The PEFA Assessment Process – Planning, Managing and Using PEFA
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