This Section will perform the following activities:-
- Coordinate matters related to finance, accounting and treasury management;
- Establish and maintaining the Authority's books of accounts in accordance with existing standards;
- Coordinate consolidation of the Authority monthly, quarterly and annual financial statements and reports for internal and external auditing;
- Ensure efficient monitoring of revenue collection and expenditure as per budgetary provisions and financial policies;
- Develop and review financial regulations and accounting manuals and coordinate their implementation;
- Ensure payroll, taxation and other statutory obligations are fully met;
- Ensure financial transactions are posted to Integrated Financial Management System (IFMS), in order to obtain the Authority's monthly, quarterly and annual consolidated financial statements;
- Monitor and control cash flow performance on matters related to financial investments and investment portfolio;
- Prepare, implement and update Accounting and Finance Standard Operating Procedures; and
- Participate in budget preparation.
This Section will be led by a Manager.