Paper 2 - Planning and Reporting Timetable
Planning Cycle
|
Activity |
Date/Month |
Comment
|
|
InternetNZ Council finalises Statement of Expectations for each business unit
|
By end October |
Set’s out Councils strategic direction, goals and expectations for each board (including dividend payments for the following year)
|
|
Each business unit board submits a Statement of Direction and Goals for the next three years |
By end November |
Contains the broad strategy for each entity, the key performance targets for which the board will be held accountable and the budget for next 3 years
|
|
InternetNZ Council approves in principle consolidated budgets for next three years and confirms/negotiates changes to the Statements of Direction and Goals for each business unit
|
Mid December |
|
|
Member consultation on budgets
|
February |
|
|
Business unit boards finalise their business plans and budgets
|
By 20 March |
|
|
Business plans from business unit boards tabled at InternetNZ Council meeting for formal approval
|
By 31 March |
This should be a pro-forma approval at this stage, given the previous steps |
Reporting Cycle
|
Activity |
Indicative Date/Month |
Comment
|
|
Delivery of audited financial statements from each business unit to InternetNZ to enable the consolidation of InternetNZ group accounts
|
By end of May |
Note – current practice is for the Society’s auditor to audit all business units of the group |
|
Annual report from each business unit is delivered to the InternetNZ Council
|
By 20 June |
Note – this date will change annually depending on the date of the Society’s AGM |
|
First quarterly report from each business unit to the InternetNZ Council
|
By mid August |
Feedback is given to the business units where appropriate |
|
Second quarterly report from each business unit to the InternetNZ Council
|
By mid November |
Feedback is given to the business units where appropriate |
|
Third quarterly report from each business unit to the InternetNZ Council
|
By mid February |
Feedback is given to the business units where appropriate |
|
Fourth quarterly report from each business unit to the InternetNZ Council
|
By mid May |
Feedback is given to the business units where appropriate |
