Karatina University Finance Office Details

The Karatina University Finance Office. See details of Karatina University Finance Office.

The Finance Department is currently headed by the Deputy Finance Officer, Ms Grace Kakiya who provides guidance in the management of the University’s Financial Resources. The department is under the Division of Planning, Finance and Administration headed by Deputy Vice-Chancellor Planning, Finance and Administration.

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Finance Objectives

To maintain prudent management of resources by conducting quarterly variance analysis in every financial year
To facilitate quality service provision through improved system automation in each financial year
To embrace technological advancements in all operations to enhance timeliness, efficiency and effectiveness
To create awareness to University staff on financial matters by facilitating training in every financial year
To continually monitor and review the performance of departmental structures and systems, by implementing an effective Quality Management System based on ISO 9001:2008.

Functions of Finance Department

Functions of the Department include:

Formulation, interpretation and implementation of financial policies, regulations and strategy,
Preparation of annual budgets and budgetary control,
Management accounting and periodic financial returns,
Timely preparation and submission of annual reports and financial statements
Institution of necessary controls for enhancing prudent management of financial resources
Compliance with Public Finance Management Act (2012), financial regulations, circulars and directives

Services offered by the department

The Department provides a full range of financial services, including:

Collection and Receiving of Revenue from:-
- -Government grants
- -Tuition and related charges
- -Appropriation in Aid and other income
Student financial services
Vote book and budgetary controls
Processing approved expenditures, creditors, contractors and part time lectures
Financial reporting and management accounting
Payroll management
Administration of taxes
Debt management

Our Customers

Our customers include Karatina University community, public and private sector entities. The finance department staff are aware, and share the University’s dedication to customer satisfaction and vision of becoming a University of global excellence, meeting the dynamic needs and development of society. Through the management practices in place, the department strives to create a working environment that enables use of innovative, technological skills and talents to best serve our customers.

Collection of fees

The University has embraced the following acceptable modes of fee payment to ensure convenient and secure handling of fees.