The responsibility’s and duties of the Department of Finance and Accounts are the following:
i. Ensuring compliance with financial instructions and the Accounting Codes; ii. Responsible for economic and efficient disbursement of funds and proper monitoring and accounting for revenue, so as to realize goal congruence in revenue collection by Agency;
iii. Advising the Accounting Officer and other Departmental Heads on all financial matters as well as technical provisions of financial instructions and other Treasury and finance Circulars;
iv. Maintaining proper accounting records such as Books of Accounts e.g., Main and Subsidiary Ledgers, Cash Book, DVEA Book, Personal Advances, Ledgers, etc.
v. Ensuring prompt rendition of all returns, e.g. Consolidated Accounts (Monthly Transcripts), Bank Reconciliation Statements, Revenue and Expenditure Returns, as Loans and Advances Returns, etc. as prescribed in financial instructions;
vi. As integral part of the budgeting team ensuring effective budgeting control by matching/comparing budgeted figures with actual expenditure or revenue as the case may be and advise the Accounting Officer appropriately.
vii. Liaising with the Accountant-General from time to time, when in doubt, the interpretation of the provisions of financial instructions and other Treasury Circulars or when confronted with difficulties in the performance of duties.
viii. Ensuring the existence of an effective Audit Query Unit to promptly deal with all queries from internal Audits Unit, inspectorate Department, Office of the Auditor-General and Public Accounts Committee and other such bodies.
ix. Ensuring that money are collected as at when due and are properly accounted for;
x. Managing all funds and public money due and receivable in the Agency;
xi. Serving as Member of Ministerial Tender Board;
xii. To assist the Accounting Officer in ensuring that internal guides, rules, regulations and procedures are adequately provided for and that the security and effective check on the assessment, collection and accounting for revenue are put in place;
xiii. Ensuring timely preparation of Final Accounts/Financial Statements;
xiv. Operation of Bank Accounts and Signatories to all Agency’s Bank Accounts.