Financial Department has been set up under the Provincial Treasury of the Office of the Chief Secretary of North Central Province.  The objectives of the department are to formulate policy decisions and to provide them with interpretations & to forward other financial matters to the approval of Hon. Governor and of the Provincial Public Service Commission.

Under this department, printing activities pertaining to the implementation of financial activities and policy matters regarding the foreign funded projects in North Central Province are conducted.  To make decisions on final reports regarding loses & damages & to take action regarding audit queries are among the major functions of the department.  Accordingly functions of the financial department are as follows:

Functions:

•   To make, amend & monitor financial rules and to provide interpretations.
•   Administration of a property of the Provincial Council.
•   Maintenance of a register of audit queries & progress.
•   Activities regarding the Audit report & draft reports of the Auditor General.
•   Activities on Provincial Public Accounts Committee.
•   Activities on reports of Provincial Public Accounts Committee.
•   Administration of funds outside the Provincial Council.
•   Activities regarding the securities of Provincial Public Officers.
•   Appraisal of financial performance.
•   Administration of formats of the Provincial Council and introduction of new formats.
•   Activities on allowances..

Functions

•     Preparation of Annual Financial Statement.
•     Preparation of Appropriation Statute.
•     Activities of Supplementary Estimates.
•     Budgetary Management and Control.
•     Transfer of Allocations. 
•     Keeping Cadre details and Cadre Control.
•     Collecting and analyzing of Budget data.
•     Obtaining and checking of Estimates.
•     Holding of Budget & Planning Committees.
•     Deciding and allocating of Capital & Recurrent Expenditure.
•     Budget discussions
•     Issuing of warrants.
•     Presenting of Vote on Accounts.
•     Obtaining of Information of the priorities of National Policies and Planning
•     Obtaining and maintaining of Provincial Plans, Objectives, Goals and Performances
•     Activities in respect of Excesses in Expenditure, and Variations of the Advance Accounts limits.
•     Obtaining the forecast of the exceeding and non-reaching to the budget limits.
•     Amendment of the Advance Accounts Limits.
•     Preparation of Revenue Estimates.
•     Amendment of Revenue Estimates.
•     Progress review of Revenue
•     Preparation of Revenue Reports.
•     Obtaining and analyzing of revenue data.
•     Collecting of Revenue.
•     Preparing and maintaining of Revenue Accounts.
•     Accounting of Arrears on revenue.

Objectives

•     Provision of Accounting support to the provincial organizations for execution of the provincial budget.
•     Maintenance of accounting data-base by collecting data from all accounting units for generation of statistical information.
•     Ensuring accountability and transparency for public financial management.
•     Development, maintenance and implementation support of accounting information automatically in related electronic formats.
•     Describe and interpret statistics for decision making to entrance timeliness on accounting reporting and quality on financial information therein.

Functions

•     Operation of centralized accounting system to record financial  transactions of all institutions.
•     Implementation of computer based accounting system in all institutions, preparation of accounts and provision of improved management information system on such basis and have them updated to meet changing needs.