(a) exercise general supervision over the funds of the University and shall advise with regards to financial policy;
(b) hold and manage the property and investments of the University including trust and endowed property;
(c) ensure that the limits fixed by the Board of Governors for recurring and non-recurring expenditure for a year are not exceeded and that all moneys are expended on the purpose for which they are granted or allotted;
(d) be responsible for the preparation of annual accounts and the budget of the University and for its presentation to the Board of Governors;
(e) keep a constant watch on the state of the cash and bank balances and on the state of investments;
(f) watch the progress of the collection of revenue and advise on the methods of collection employed;
(g) ensure that the registers of buildings, land, furniture and equipment are maintained up-to-date and that stock-checking is conducted, of equipment and other consumable materials in all offices, Departments, Centers and Specialized Laboratories;
(h) Bring to the notice of the Chancellor unauthorized expenditure and other financial irregularities and suggest disciplinary action against persons at fault;
(i) Call for, from any office, Department, Centre, Laboratory, College or Institution maintained by the University, any information or returns that he may consider necessary for the performance of his duties; and
(j) Perform such other financial functions as may be assigned to him by the Chancellor or as may be prescribed by the Statutes or the Ordinances.
Section 17 • Apex Professional University Act, 2012
17. The Chief Finance Officer.
apex-professional-university-act-2012-2012-sec-17.json
•
Section 17
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"number": "17",
"title": "17. The Chief Finance Officer.",
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"content": "(a) exercise general supervision over the funds of the University and shall advise with regards to financial policy;\n(b) hold and manage the property and investments of the University including trust and endowed property;\n(c) ensure that the limits fixed by the Board of Governors for recurring and non-recurring expenditure for a year are not exceeded and that all moneys are expended on the purpose for which they are granted or allotted;\n(d) be responsible for the preparation of annual accounts and the budget of the University and for its presentation to the Board of Governors;\n(e) keep a constant watch on the state of the cash and bank balances and on the state of investments;\n(f) watch the progress of the collection of revenue and advise on the methods of collection employed;\n(g) ensure that the registers of buildings, land, furniture and equipment are maintained up-to-date and that stock-checking is conducted, of equipment and other consumable materials in all offices, Departments, Centers and Specialized Laboratories;\n(h) Bring to the notice of the Chancellor unauthorized expenditure and other financial irregularities and suggest disciplinary action against persons at fault;\n(i) Call for, from any office, Department, Centre, Laboratory, College or Institution maintained by the University, any information or returns that he may consider necessary for the performance of his duties; and\n(j) Perform such other financial functions as may be assigned to him by the Chancellor or as may be prescribed by the Statutes or the Ordinances.",
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