1.0 CHAPTER ONE
Software based fund allocation and monitoring system is a tool used by the ministry of finance to track the information of various funds allocation and monitoring. Information technology has brought a lot of changes in the ministry of finance. Software based fund allocation and monitoring system is an information tracking program used to keep effective record of all fund allocation and also monitor how those funds are been utilized.
To appropriate maximum funds and supplies possible, for the Ministry’s smooth day-to-day operations in achieving its mandate, while ensuring judicious disbursement and legitimate utilization of duly approved funds, in accordance with Public Service Rules, Financial Regulations and extant circulars and also, rendering timely and accurate returns, to the Office of Accountant-General.
Providing efficient, prompt and transparent accounting system with probity as the guiding principle
DETAILS OF SERVICE PROVISION/DELIVERY
The details of the business transacted by the department are to:
• Ensure regular and prompt payment of staff salaries and other financial commitments in accordance with financial regulations and extant circulars;
• Ensure accurate and timely rendition of returns to the Office of the Accountant-General of the Federation;
• Ensure successful defence of the Ministry’s revenue and expenditure estimates before the Budget Office;