The Public Financial Management (PFM) Suite pulls together various tools and guides, prepared by SPARC, to support key activities of the medium term budget cycle. These include:
Forecasting resource envelopes and sector ceilings (both within State and Local Governments);
Determining sector allocations (based on political priorities which are set out in the States Development Plan and medium term sector strategies);
Preparing costed medium term sector strategies and the subsequent annual budget;
Profiling revenue and expenditure budgets and subsequent cash forecasts and plans;
Budget performance reporting and monitoring; and
Financial Reporting, based on International Public Sector Accounting Standards (IPSAS).
You can read the complete document on the SPARC website.