Policy 12.1 - Revenue Risk Management Plan

Effective Date: 15-Sept-95
Responsible Branch: Revenue Branch

Resource Management Volume Table of Contents | Amendment Log

Scope

This policy covers management of revenue to minimize risk of loss of revenue.

Policy

The Ministry will control revenue to minimize loss. Loss of revenue includes:

• absolute losses of revenue to the Ministry
• inequities between licensees

Each region will prepare a Revenue Risk Management Plan, approved by the regional management team, at least annually. The Plan will include input from all functions involved in revenue and will:

• identify and assess areas with risk of lost revenue
• allocate personnel and other resources to control identified risks in order of magnitude

The approved Plan will be forwarded to the Revenue Branch for incorporation into the Provincial Plan.

Revenue Branch staff will be available to provide support through counsel and active participation.

A report will be prepared of the results of the Revenue Risk Management Plan. It will be approved by the regional management team prior to forwarding to the Revenue Branch.

Revenue Branch Revenue Risk Management Plan

The Provincial Revenue Risk Management Plan will be prepared by the Director, Revenue Branch, for the Executive.

References

• Revenue Risk Management Procedures Manual