Maputaland Development and Informaton Center

FINANCE AND ADMINISTRATION DEPARTMENT

The Finance department is delegated responsibility for establishing and maintaining systems, procedures, processes and training and awareness programmes to ensure efficient and effective financial management and human resources policies.

FUNCTIONS AND DUTIES

There are various functions that the finance department has to manage, they are as follows:
• Budget process and the budget monitoring
• Financial Polices and Procedures
 Financial Policies
 Investment Policies and Procedures
 Supply Chain Management and Policy
 Annual Financial Statements Policies and Procedures

• Financial and Management Accounting and Reporting (P F M A)

 Revenue generation and collection
 Procurement and payment of goods and services
 Salaries and wages
 Assets – procurement and safeguarding including assets register
 Investments
 Bank and cash resources
 Liabilities – short and long term
 VAT Act
 Income Tax Act

• Human Resources

The human resources policy include some of the following basic policy as required by the Basic Condition of Employment Act

 Employees Contracts (employees files)
 Leave Policy
 Recruitment, selection and retention policy
 Salary Administration policy
 Working hours
 Training and Development policy

• EXTERNAL AUDIT OF FINANCIAL STATEMENTS
 The organization is currently in contract with Bridge Chartered Accountant as their external auditors

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