Finance & Accounts

Functions

The main functions of the Department among others can be summarized as in the following

• Advising the Accounting Officer on all financial matters as well as the more technical provisions of the financial regulations and other treasury and finance circulars.
• Ensuring compliance with the financial regulations, other extant circulars, and the accounting code by all staff involved in financial matters in the Commission
• Ensuring adequate supervision of the disbursement of funds and proper monitoring and accounting for revenue
• Maintaining proper accounting records such as books of accounts, main and subsidiary ledgers.
• Preparation and defense of the budget proposals and ensuring effective budget control by matching or comparing budgeted figures with actual expenditure or revenue as the case may be and advising the Accounting Officer appropriately
• Ensuring prompt rendition of all returns e.g consolidated Accounts (monthly transcripts), Bank reconciliation statements, Revenue and Expenditure returns as prescribed in the extant regulations