FINANCE AND ACCOUNTS UNIT

OBEJCTIVE

To implement financial management systems and procedures that conforms to the best accepted accounting practices and standards.

FUNCTION OF FINANCE AND ACCOUNT UNIT

The unit performs the following activities:
Salaries

• Prepare payment for salaries including statutory deductions.
• Payroll management.
• Budget for personnel emoluments.
• Prepare pension papers.
• Maintain records.

Cash Office

• Submit voucher list to the Treasury.
• Collect all cheques from Treasury.
• Bank cash and cheques.
• Prepare monthly flash report.
• Pay cash/ cheques to employees/customers (service Provider).
• Batch paid vouchers.
• Maintain cash book.
• Record/reconcile all imprest issued.
• Prepare and effect all payments.

Revenue

• Collect all revenues;
• Manage the revenue according to regulations and guidelines.
• Collect annual rent, application fees and other impositions.
• Supervise the collection of revenue.
• Bank reconciliation.

Budget

• Prepare budget.
• Monitor allocations and expenditure.
• Prepare Final Accounts and other Financial Statements.
• Pre - Audit/Examination
• Verify documentations to support vouchers, including authorization according to regulations.
• Verify financial documents to the relevant laws governing public Finance including regulations and circulars.
• Reply to Audit queries.