FINANCE AND MANAGEMENT DIVISION (FMD)
DIVISIONAL FUNCTIONS
- Undertake functions related to accounting, budgeting, and management;
- 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.
