Finance and procurement Directorate

Finance and procurement Directorate

Mission

It strives to establish a relentless and seamlessly functioning financial control and management system where scarce financial resources are utilized with a greater sense of efficiency, effectiveness, transparency, and accountability.

Vision

It aspires to be among top ten finance directorates in the country known for relentless demonstration of integrity, consistency, transparency and accountability in their financial management system.

Mr.HRM

Accountability of the Directorate

The Oda Bultum University Finance Administration Directorate is accountable to the Vice-President for Administration and Student Affairs. The major activities of the Directorate፡

  • Plan, organize, direct and control the activities of the finance team; budget and treasury, and record and documentation teams;
  • Facilitate the financial resources of the university which are earned from different sources as one consolidated university budget in accordance with the relevant university plan;
  • Manage government, internal, and project funds as per the rules and regulations;
  • Ensure that the financial decisions are consistent with the relevant policy and procedures of the university as well as the applicable laws and regulations of the country;
  • Ensure proper synchronization between the Universities\’ planned budget and disbursement;
  • Receive budget unitization reports of units from college-level financial offices and recommend appropriate corrective measures when required and follow up on compliance to ensure proper utilization of allocated budget;
  • Advise the University president and vice presidents on budgetary and financial matters;
  • Ensure effective and efficient provisions of financial customer services;
  • Oversee the proper implementation of budget and finance policies throughout the university;
  • Ensure that administrative policies and work procedures that govern budget and finance are known and complied with by all directors, finance and budget employees of the university;
  • Develop finance-related strategic and operational plans and execute them on approval;
  • Consolidate monthly, quarterly and annual budget and finance requests and reports to the university management;
  • Ensure that the financial decisions are consistent with the relevant policy and procedures of the university as well as the applicable laws and regulations of the country.
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