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Ministry of Education Science & Technology

     

     

     

     

Finance

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MANDATE OF THE FINANCE DIRECTORATE

The mandate of the Directorate is to provide accounting services and financial support to the Ministry through accounting for revenue and expenditure, achieving appropriate financial controls and accountability, producing annual financial statements, payment of Personnel Emoluments, maintaining and monitoring the implementation of the Ministry's annual budget. The Directorate also works together with Development Partners on stand-alone projects.

FUNCTIONS OF THE DIRECTORATE

  1. Production of financial reports: monthly, quarterly and bi-annual and annual reports i.e. expenditure reports, bank reconciliation, cash controls and submission to relevant authorities.
  2. Implementation of the budget, analyzing and managing actual expenditure against approved and seeking authority for virements if necessary.
  3. Advising management on funding received from Treasury with distribution to departments and directorates on monthly basis and on financial position of the Ministry and any financial related issues for decision making.
  4. Liaison with the Accountant Generals Department, Treasury and the Office of the Auditor General and other stakeholders on financial matters.
  5. Liaison with development partners' management units in financial management of development projects.
  6. Carrying out financial performance monitoring visits to Cost Centres on quarterly basis and production of reports to management.
  7. Attending to Internal, External and Compliance Auditors and attending Internal Procurement and Disposal Committee (IPDC) Meetings.
MAJOR PROGRAMS/SECTIONS IN THE FINANCE DIRECTORATE
  1. IFMIS - Financial Management, which includes payment processing, budget monitoring and IFMIS reports.
  2. Salaries - Payment of personnel emoluments in liaison with the Human Resource Directorate.
  3. Cash Office - Cheque receipt and dispatch, cash management within the Ministry.
  4. Reporting - Financial reporting including production of monthly, quarterly and bi-annual financial reports.
  5. Audit - Responsible for handling all audit issues.

 

 

Director of Finance

Precious C. Mtontha

Deputy Director of Finance

Justin Likharu

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Ministry of Education, Science & Technology
Capital Hill Circle,
Private Bag 328, Capital City, Lilongwe 3, Malawi.

Telephone: +265 1 789 422 / +265 1 789 416
Fax: +265 1 788 184 / +265 1 788 064
Email: info-edu@education.gov.mw