1. GOOD MORNING EVERYBODY I AM A. N. JAUDALLY, MFO FROM THE REGISTRAR GENERAL DEPARTMENT. WELCOME TO YOU ALL FOR THIS PRESENTATION ON FINANCIAL MANAGEMENT

2. FINANCIAL OPERATIONS A.BUDGETARY PROCESS B.FINANCIAL TRANSACTIONS C. MONITORING D. REPORTS E. MISCELLANEOUS

3. BUDGETING PROCESS SHIFT FROM LINE BUDGET TO PBB-WHY SUGAR PRICE MARKETS & TARIFF BARRIERS GLOBALISATION FINANCIAL & CURRENCY CRISIS CHARACTERISTICS- LINE B.-SIMPLE,INPUT ORIENTED PBB-COMPLEX,OUTPUT ORIENTED PBB- OVERVIEW PRO/SUB P. OUTCOME OUTPUT INDICATORS ACTIVITIES INPUTS TARGETS MTEF – PROJECT RESOURCE AVAILABILITY DISTRIBUTION PREPARE PBB AGREEMENT POLITICAL APPROVAL LEGAL APPROVAL

4. SUCCESSES & CHALLENGES SUCCESSES- MINDSET PROJECTS FRAMED PERFORMANCE GIVEN INDICATORS CHALLENGES- ACCOUNTABILITY COSTING EVALUATION OWNERSHIP

5. FINANCIAL TRANSACTIONS RECEIPTS: TAXES.LOANS.GRANTS Voucher,cash book,banking,security PAYMENTS: AUTHORITY.CERTIFICATES.funds, allocation PE,O.C.,CAPITAL. JOURNALS. ADJUSTMENTS.D.WARRANT,VIREMENT ACCOUNTING: TAS.BACK SYSTEMS.

6. MONITORING &REPORTING FORECAST.ACTUAL. REVISED.VARIANCE T.A.S-SET OF BOOKS- BUB BOOK WEEK BOOK CAP PROJECT BOOK REVENUE UTILITIES REPORTS & RETURNS- Budget monitoring Cash flow Cash in transit psip

7. MISCELLANEOUS PROCUREMENT AUDIT WRITE-OFF & DESTRUCTION OF RECORDS GRANTS BELOW-THE-LINE ACCOUNTS SELF-ACCOUNTING STAKEHOLDERS LEGAL FRAMEWORK GOV.ACCT.SYSTEMS CAPITAL PAYMENTS

8. PROCUREMENT MFO-MEMBER OF COM. VFM

9. AUDIT PRE-AUDIT INTERNAL AUDIT EXTERNAL AUDIT PAC PROCESSES FOR AUDIT QUERIES: MANAGEMENT LETTER EXIT CONFERENCE REFERENCE SHEET CONFIDENTIALITY

10. INTERNAL CONTROL INTERNAL CHECK

11. BELOW THE LINE ACCOUNTS ADVANCES DEPOSITS IMPRESTS SPECIAL FUNDS

12. WRITE OFF & DESTRUCTION OF REC. WHEN TO WRITE OFF PROCEDURES

13. STAKEHOLDERS MOFED TREASURY MCSAR CISD STATISTICS BOM

14. SELF-ACCOUNTING DEPARTMENTS EXAMINATION & PAYMENTS BANKING ARRANGEMENTS BANK REC. STATEMENTS

15. GRANTS GRANT MEMORANDUM RELEASE OF GRANTS

16. ACCOUNTING SYSTEMS LIMIT POWER OF GOVERNMENT LEGISLATURE POWER CASH BASIS ACCRUAL BASIS ANNUAL REPORT-WEAKNESSES NO ASSETS SHOWN NO PREPAYMENTS/ACCRUALS NO REVALUATION/DEPRECIATION NO FULL COST OF GOV.OPERATIONS NO DEBTORS/CREDITORS ACCOUNTS

17. CAPITAL EXPENDITURE PPC PSIP PAYMENT PARTICULARITIES

18. LEGAL & ADMINISTRATIVE FRAMEWORK Constitution sec.103-110 Finance and Audit Act PUBLIC Debt MANAGEMENT Act PUBLIC PROCUREMENT ACT AND REGULATIONS FMM VOL I-VIII-FINANCIAL INSTRUCTIONS IPPM ICTM