BURSAR

The Bursar is the chief financial officer of the University. He is responsible to the Vice-Chancellor for the day-to-day financial administration of the University.

Functions of the Bursar
The duties of the Bursar include the following:
i.    Advising the Vice-Chancellor and through him the Governing Council, the Committees and Deans on finance related matters;
ii.    Co-coordinating the development and updating the University financial management plans;
iii.    Co-coordinating the preparation of periodic income and expenditure, balance sheet and cash flow estimates and consolidation were necessary;
iv.    Monitoring monthly income and expenditure and balance sheet variances against the budget;
v.    Monitoring the accurate and timely preparation of University financial statements and management accounts and present them, through the Vice-Chancellor, to the University Governing Council and relevant Committees;
vi.    Ensuring that all assets of the University are properly safeguarded from theft, natural disasters, deterioration and obsolescence;
vii.    Monitoring fixed assets and working capital (inventory, receivables, and payable) and to ensure that they are efficiently and effectively managed;
viii.    Monitoring treasury activities including cash flow projection and forecasts;
ix.    Negotiating with financial institutions and proprietor with regards to financial matters;
x.    Monitoring the funds received from donor agencies and other agencies and to ensure that they are used for the specified projects and that general funds are used for projects that provide the highest benefits;
xi.    Managing the University investment portfolio;
xii.    Monitoring expenditure on capital projects make returns to the relevant authorities and comply with local financial requirements;
:xiii.     Co-coordinating the preparation of consolidated financial statements;
xiv.    Evaluating and developing computerized and manual accounting and financial management systems and procedures and to develop and implement control system;
xv.    Monitoring the annual audits and other management assignments and to ensure efficient, effective and economical completion of the same; and
xvi.    Monitoring the activities of the University's business ventures when incorporated.