Budget & Finances

The “Directorate of Finance” within the Kerewan Area Council (KAC) is a vital administrative unit responsible for managing financial resources, budgeting, accounting, and ensuring fiscal responsibility. This department plays a central role in the council’s financial operations and supports its various initiatives and programs.

Responsibilities:

Financial Planning and Budgeting: The Directorate of Finance is responsible for creating and managing the council’s budget. This involves assessing the financial needs of various projects, departments, and services and allocating funds accordingly.

Accounting and Financial Reporting: The department maintains accurate financial records, tracks expenditures, and prepares financial statements. It ensures transparency and compliance with accounting standards and regulations.

Revenue Collection: The Directorate of Finance oversees the collection of revenue, such as taxes, fees, and fines. It ensures that all revenue is collected accurately and promptly.

Expense Management: The department manages the disbursement of funds for various expenses, including salaries, operational costs, and project expenditures. It ensures that expenses are in line with the approved budget.

Financial Analysis: The Directorate of Finance conducts financial analysis to assess the financial health of the council. This includes evaluating financial trends, performance metrics, and making informed recommendations.

Risk Management: The department assesses financial risks and develops strategies to mitigate them. This involves identifying potential financial vulnerabilities and implementing measures to prevent or address them.

Audit and Compliance: The Directorate of Finance collaborates with internal and external auditors to ensure compliance with financial regulations and standards. It provides necessary documentation and information during audits.

Financial Planning: The department plays a role in long-term financial planning, helping the council make informed decisions about investments, funding sources, and financial sustainability.