Directorate of Finance
Ensuring Financial Sustainability and Accountability
CPA Peter Kisombe
Director of Finance
What We Do
The Finance Department of TTU is responsible for providing statutory and financial information for decision-making and for the control of the financial activities of TTU.
The following activities of the Finance Department are intended to define its operational objectives in line with the relevant TTU regulations and policies:
Core Functions
Financial Records
Preparation and maintenance of financial books of accounts
Source Documents
Preparation of payment vouchers, invoices, receipts for financial transactions
Statutory Reports
Preparation and maintenance of proper statutory reports and records
Payroll Management
Preparation and management of the Pay and Benefit System
Annual Reports
Preparation and publication of statutory statements (Annual Report)
Management Reports
Preparation of Periodic management reports
Budgeting & Control
Budgeting and Budgetary Control including five-year business plans
Asset Management
Proper custody and management of assets and records
Cash Flow & Investments
Cash flow and investments management
Income Generation
Facilitating identification and implementation of income generating projects
Loans & Grants
Management of loans and grants
Detailed Activities
- Preparation and maintenance of financial books of accounts
- Preparation of source documents including but not limited to payment vouchers, invoices, receipts
- Preparation and maintenance of proper statutory reports/records
- Preparation and management of the Pay and Benefit System
- Preparation and publication of statutory statements (Annual Report)
- Preparation of Periodic management reports
- Budgeting and Budgetary Control including five-year business plans
- Proper custody and management of assets and records
- Cash flow and investments management
- Facilitating identification and implementation of income generating projects
- Management of loans and grants
- Any other duties in line with TTU regulations and policies
Finance Department Staff
History of the Department
The Finance Department is part of the Administration, Finance and Planning (AFP) Division of Taita Taveta University under the leadership of the Deputy Principal (AFP), with the Principal/CEO as the Accounting Officer. It is headed by the Finance Officer assisted by the Deputy Finance Officer, who work with a dedicated team of professional staff in the department.
Activities within the Finance Department cover a wide range of functions such as basic bookkeeping, providing information, assisting managers in making strategic decisions, the day-to-day transactional accounting for the Institution and preparing the financial statements.