A BRIEF DESCRIPTION OF FINANCE AND ACCOUNTS DEPARTMENT.

One of the key department of the Ministry of Works and Transport is the Finance and Accounts Department; whose primary role is to ensure that approved funds for projects are disbursed and the revenue generated by the Ministry and its agencies are remitted besides keeping comprehensive financial records.

The department is made up of three (3) units namely cash unit, payroll unit and revenue unit.

1. CASH UNIT
2. Draws cash from banks for office use.
3. Raises voucher for payments.

• Disburse cash and cheques to various payees on approval.

1. Remitting revenue generated by the ministry to the sub-treasury through the use of book 6A
2. Posting of vote books and voucher registers.
3. Posting and balancing of cash books and disbursement registers.

• Tracing and collection of warrants due to the office from the ministry of finance.

2. PAYROLL UNIT.
3. Is in charge of the monthly payroll of the staff of the ministry.
4. Upkeep of vote book and voucher register pf the personnel expenditure.

• Updating of the Personal Emolument record card (P.E card).

1. Preparing the last pay certificate (LPC).
2. Carries out any other duties as may be assigned by the head of department.

3. REVENUE UNIT:
4. Assists in collection of revenue from VIO.
5. Remitting of revenue generated by the ministry to sub-treasury through the use of book 6A.

The head of the department coordinates these activities, vets all correspondences within the ministry as it relates to financial matters, supervises all staff in the three units of the department and where need arises directs staff in the department. In addition to this, the Head of Department prepares bank reconciliation statements, monitor the internally generated revenue performance indices and in conjunction with relevant departments prepare annual and supplementary budgets for the ministry.

Uro-Chukwu Cassandra N. (CAN)

HOD (Finance & Accounts