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 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.

Bibliographic Details

Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2014-03
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 https://hdl.handle.net/10986/20068
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