{"id":101907,"date":"2024-06-11T12:48:37","date_gmt":"2024-06-11T12:48:37","guid":{"rendered":"https:\/\/nicoinnovationhub.com\/macra\/?page_id=101907"},"modified":"2024-06-24T07:00:17","modified_gmt":"2024-06-24T07:00:17","slug":"finance","status":"publish","type":"page","link":"https:\/\/nicoinnovationhub.com\/macra\/finance\/","title":{"rendered":"Finance"},"content":{"rendered":"

[et_pb_section fb_built=”1″ _builder_version=”4.25.1″ _module_preset=”default” use_background_color_gradient=”on” background_color_gradient_direction=”45deg” background_color_gradient_stops=”rgba(0,0,0,0.6) 0%|rgba(0,0,0,0.6) 100%” background_color_gradient_overlays_image=”on” background_image=”http:\/\/nicoinnovationhub.com\/macra\/wp-content\/uploads\/2024\/06\/money.jpg” global_colors_info=”{}”][et_pb_row _builder_version=”4.17.3″ _module_preset=”default” custom_padding=”||0px||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.17.3″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.25.1″ _module_preset=”default” header_font=”||||||||” header_text_color=”#FFFFFF” header_font_size=”60px” header_2_text_color=”#FFFFFF” custom_margin=”||0px||false|false” global_colors_info=”{}”]<\/p>\n

Finance<\/h1>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.17.3″ _module_preset=”default” background_image=”http:\/\/nicoinnovationhub.com\/macra\/wp-content\/uploads\/2024\/06\/corner-dots-left-top.png” background_size=”initial” background_position=”top_left” custom_padding=”||26px|||” global_colors_info=”{}”][et_pb_row column_structure=”1_2,1_2″ _builder_version=”4.17.3″ _module_preset=”default” custom_padding=”0px||35px||false|false” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.17.3″ _module_preset=”default” custom_padding=”25px||||false|false” global_colors_info=”{}”][et_pb_text _builder_version=”4.25.2″ _module_preset=”default” text_font=”|700|||||||” text_text_color=”#FFFFFF” text_font_size=”17px” background_image=”http:\/\/nicoinnovationhub.com\/macra\/wp-content\/uploads\/2024\/06\/Tag.png” text_orientation=”center” width=”53%” width_tablet=”49%” width_phone=”100%” width_last_edited=”on|phone” custom_margin=”||5px||false|false” custom_padding=”5px||2px||false|false” global_colors_info=”{}”]<\/p>\n

FINANCE DEPARTMENT<\/p>\n

[\/et_pb_text][et_pb_text module_class=”pa-toggle-text” _builder_version=”4.25.1″ _module_preset=”default” text_font=”|300|||||||” text_font_size=”18px” text_line_height=”1.8em” min_height=”183px” overflow-x=”visible” overflow-y=”hidden” custom_margin=”||22px|||” animation_style=”fade” global_colors_info=”{}”]<\/p>\n

\n
\n
\n
\n
\n

The department is there to manage the financial resources of the Authority by ensuring both timely collection from the operators but also payments to suppliers. The department has the responsibility to invest surplus \u00a0\u00a0 resources of\u00a0the Authority that is after remitting what is due to Government in form of dividends.<\/p>\n

The department is also responsible for the production of financial statements and ensuring that they are audited in good time. The requirement is that the audited accounts should be presented to the Auditor General for approval before submitting to Government four months after the year end.<\/p>\n

The directorate provides resource management services to technical and other supporting directorates of the Authority. The directorate is headed by the Director of Finance and Administration and some of the major functions include;<\/p>\n<\/div>\n<\/div>\n

\n
    \n
  • Development of internal financial controls systems<\/li>\n
  • Developing and maintaining the accounting system of the Authority<\/li>\n
  • Preparation of financial statements and handling audit assignment<\/li>\n
  • Budgeting and budgetary control<\/li>\n
  • Advising management and the Board on all financial issues<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

    [\/et_pb_text][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.17.3″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”http:\/\/nicoinnovationhub.com\/macra\/wp-content\/uploads\/2024\/06\/CREDIT.jpg” title_text=”CREDIT” _builder_version=”4.25.1″ _module_preset=”default” animation_style=”slide” animation_direction=”right” animation_duration=”1500ms” animation_delay=”100ms” animation_intensity_slide=”5%” border_radii=”on|20px|20px|20px|20px” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"

    FinanceFINANCE DEPARTMENT The department is there to manage the financial resources of the Authority by ensuring both timely collection from the operators but also payments to suppliers. The department has the responsibility to invest surplus \u00a0\u00a0 resources of\u00a0the Authority that is after remitting what is due to Government in form of dividends. The department is […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"class_list":["post-101907","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/nicoinnovationhub.com\/macra\/wp-json\/wp\/v2\/pages\/101907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nicoinnovationhub.com\/macra\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/nicoinnovationhub.com\/macra\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/nicoinnovationhub.com\/macra\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nicoinnovationhub.com\/macra\/wp-json\/wp\/v2\/comments?post=101907"}],"version-history":[{"count":9,"href":"https:\/\/nicoinnovationhub.com\/macra\/wp-json\/wp\/v2\/pages\/101907\/revisions"}],"predecessor-version":[{"id":104083,"href":"https:\/\/nicoinnovationhub.com\/macra\/wp-json\/wp\/v2\/pages\/101907\/revisions\/104083"}],"wp:attachment":[{"href":"https:\/\/nicoinnovationhub.com\/macra\/wp-json\/wp\/v2\/media?parent=101907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}