OPERATING CASH FLOWS FOR BUDGET EXECUTION
Objective and functions of the division
- Prepare and Implement Consolidated Cash Flow on daily, Weekly and Monthly Basis to execute the annual budget
- Periodical Review of Income and Expenditure and amend the cash flow.
- Operating of D.S.T’s main Bank Accounts
- Fixing Limits for Imprest and Maintaining Imprest Facility Systems
- Release of Imprests to the Ministries, Departments and Government Institutions
- Receiving Imprest Applications, Monthly Flash Reports and Progress Reports on cash utilization
- Monitoring and Reviewing of reconciliation and settlements Imprest Balances.
- Decision making on any other issues on Imprests
- Issuing and Honoring of Treasury Guarantees
- Authority for Opening of Letters of Credit with nil margin
- Issue of Treasury Indemnity Bonds
- Authority for Opening and closing of official bank accounts of Ministries /Departments
- Regular monitoring of the reconciliation activities of official bank accounts Ministries /Departments
- Authorizing changes of Government bank accounts such as “Name of the account”, “Name of the head of the department” and “Bank Brach”.
- Giving Treasury approval for Refunds of Revenue
- Collecting donations to the Special Relief fund
- Authority for issuing Sub Imprests by the Ministries and Departments
- Safe custody of duplicate keys of Government Safes
- Registration of Power of Attorney
- Any other duties come under Treasury Cash Management
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