FINANCE AND MANAGEMENT DIVISION (FMD)

DIVISIONAL FUNCTIONS

• Undertake functions related to accounting and budgeting;
• Advise management on financial matters;
• Provide other support services needed by the Institute; and
• Contribute in the planning and implementation of the Institute's programs and projects.

THREE (3) SECTIONS UNDER FMD

1. ACCOUNTING SECTION

• Process and record financial transactions under GAA and GIA and ensure that such are in accordance with generally accepted accounting and auditing rules and regulations.
• Prepare financial reports as required by regulatory agencies/funding or monitoring agencies within the prescribed period.
• In charge of the implementation of the electronic NGAS (Engas)
• Maintain the book of accounts and correct financial information required by existing auditing rules and regulations and by management.

2. MANAGEMENT SECTION

• Review existing internal control systems, methods, systems and procedures to safeguard money and property, to ascertain weaknesses and deficiencies requiring correction and makes recommendations for improvement.
• Examine the administrative organization of the agency and formulates recommendations for operational efficiency.
• Collaborate with the Planning Division to undertake regular management program of organizational structure manpower & operations.
• Study special problems as assigned and provide feasible recommendations.
• Develop new and improved management systems. 

3. BUDGET SECTION

• Prepare ITDI's budget estimate for all the projects, activities and operations together with all the corresponding budget documents and justifications.
• Assist management in the presentation of the Agency's budgetary estimates before administrative and legislative bodies.
• Render advisory/consultative service and/or assistance regarding budgetary matters to the ITDI Officials and employees.
• Supervise the allocation and distribution of available funds on the basis of approved programs, projects, criteria and operating guidelines.
• Prepares all budgetary reports required by regulatory agencies with the prescribed period.