- 1. To consider and report on annual estimates of income and expenditure submitted by all committees of council and draw up the consolidated annual estimates for submission to council for approval
- 2. To consider and report on supplementary estimates and virements for all committees and recommend to Council.
- 3. To regulate the collection of all income and the expenditure of all monies as authorized in the confirmed estimates or supplementary estimates of council.
- 4. To ensure that regulations pertaining to the collection of all income and to expenditure are followed so as to ensure that acceptable standards of financial management are observed.
- 5. To recommend to council the fixing of all charges, fees, rates and licenses and recommend rebates to ratepayers.
- 6. To consider and recommend to council applications for and servicing of loans from external and internal sources.
- 7. To consider and report on the collection of debts and recommend the writing off of bad debts.
- 8. To ensure that council’s debts are paid off as and when they fall due.
- 9. To consider exemptions of certain persons/organizations from paying rates and levies.
- 10. To consider and recommend to Council the operation of viable income generating projects and other investments.
- 11. To ensure the sound management of council’s income generating projects.
- 12. To ensure sound management of council funds.
- 13. To consider and report on council’s financial statements and to report on council’s financial status as reflected therein.
- 14. To ensure that all books of accounts are audited within the legislated time and scrutinize audit reports and recommend appropriate responses and action to full council.
- 15. To establish a CDF account and ensure its proper management.
- 16. To ensure the proper acquisition, maintenance and disposal of all council assets.
- 17. To produce and enforce regulations and procedures for financial management including procurement and payment systems so as to ensure the maintenance of acceptable standards of financial management.
- 18. To ensure proper custody of money, securities and other properties of council.
- 19. To consider and report on tenders and contracts to be engaged in by council.
- 20. To consider and report on grants in aid to council.
- 21. To consider and report on any proposals for the payment of donations out of the revenue of council.
- 22. Generally to regulate the overall financial affairs of council and its committees.