Amendment status not verified — confirm the current text below against the official source.
The Chief Finance Ofticer: (1) The Chief Finance Officershallbea whole time salaried officer of the University and shall be appointed by the Chancellor for the term of five years and shall be eligible for re-appointment. Provided that the Chief Finance Officer shall retire on at- taining the age of sixty two years. (2) The emoluments and other terms and conditions of employment of the Chief Finance Officer shall be those contained in the contract of employment. (3) When the otfice of the Chief Finance Offlcer is vacant or when the Chief Finance Officer is, by reason of illness, absence or any other cause, unable to perform his duties then the duties ofthe office shall be performed by such person as the Chancellor may appointforthe purpose. (4) Subject to the control of the Board of Governors, the Finance Officer shall- (a) exercise generalsupervision over the funds of the Universlty and shall advise with regards to financial policy; (b) hold and manage the property and investments of the University including trust and endowed property; (c) ensure hat the limits fixed by the Board of Govemors for recumng and non-recurring expenditure for a year are not exceeded and thatall moneys are expended on the purpose forwhich they are granted or allottd; (d) be responsible for the preparation of annuel accounts and the budget of the University and for its presentiation to the Board of Govemors; (e) keep a constant watch on the staE of the cesh and bank balances and on the state of investments; (D watch the progress of the collection of revenue and advise on the methods of collection employed; (g) ensure that the registers of buildings, land, furniture and equipment are maintained uptoiate and that stock-checking is conducted, of equipment and other consumable materials in all offices, Oepartments, Centres and Specialized Laboratories; (h) Bring to the notice of the Chancellor unauthorized expenditure and other financial irregularities and suggest disciplinary action against persons at fault; 334 (i) Callfor, from any office, Department, Centrei Laboratory College , or lnstitution maintained by the University, any information or returns that he may consider necessary for the performance of his duties; and 0) Perform such other flnancial functions as may be assigned to him by the Chancellor or as may be prescribed by the Statutes orthe Ordinances (5) Any receipt given bythe Chief Finance Officer or the person orpersons duly authorized in this behalf by the Board of Governors for any money payable to the University shall be sutficient discharge for payment of such money.