2023 Laws not yet authenticated through a Commencement Order

Revised Laws of Saint Lucia (2023)

176.   Preparation of strategic plan

  1.  

    (1)   Without prejudice to section 82 of the Act, the strategic plan of a statutory body must include—

    1.  

      (a)     the strategic objectives and outcomes as agreed between the Ministry and the statutory body;

    1.  

      (b)     key performance indicators and objectives in delivering the plan;

    1.  

      (c)     the main business initiatives in the business plan for the financial year;

    1.  

      (d)     an explanatory note for a deviation from the strategic plan, and the medium-term expenditure framework;

    1.  

      (e)     the risks to delivering the outputs, and the strategy to manage the risks;

    1.  

      (f)     risk mitigation measures, including fraud prevention;

    1.  

      (g)     a projection of revenues, expenditures and financing;

    1.  

      (h)     asset and liability management;

    1.  

      (i)     a cash flow projection;

    1.  

      (j)     a capital expenditure plan;

    1.  

      (k)     an indication of fiscal risks;

    1.  

      (l)     debt guaranteed by the Government, and plans for debt service;

    1.  

      (m)     the contingent liabilities;

    1.  

      (n)     a dividend policy.