Department - Common Services
Finance and Account
The Finance and Accounts Department of Federal Ministry of Arts, Culture and Creative Economy is headed by the Director Finance and Accounts. This Department has eight (8) Sections, each of which is headed by a sectional head, the sections include.
- Central Pay Office
- Salary
- Checking
- Other Charges
- Capital
- Audit Query
- Final Account
- Budget
The Department is responsible for the receipt, Custody and Disbursement of Public Funds, in accordance with the Financial Regulations, Public Service Rules and other Extant Circulars. The Department is responsible for Preparation of annual Budget. The Department also has an enamors task of planning all annual expenditure of the Ministry, considering the new Bottom-up Cash Plan, introduced by the Office of the Accountant General.
FUNCTIONS/OBJECTIVES OF THE DEPARTMENT
The main functions of the Finance and Accounts Department are as follows:
- Receipts, custody and disbursements of public funds as may be approved and/or directed by the Ministry’s Accounting Officer (Permanent Secretary) and/or the Honorable Minister.
- Ensuring that the Ministry’s budgeting and Accounting Systems are being strictly applied on the day-to-day financial transactions of the Ministry.
- Ensuring that all queries are attended to in good time.
- Preparation of monthly and periodical returns as required by the Office of the Accountant-General of the Federation.
- Advise the Permanent Secretary on prudence in the expenditure of public funds.
- Ensuring that a system of liaison is established between the Ministry and National Assembly, Budget and National Planning and Ministry of Finance, etc.
- Maintenance of main cash books and other books of Accounts as prescribed by the Treasury.
- Any other duties as may be assigned by the Permanent Secretary.