{"id":191,"date":"2025-07-10T21:50:25","date_gmt":"2025-07-10T21:50:25","guid":{"rendered":"https:\/\/catholicdioceseofmuranga.org\/?page_id=191"},"modified":"2025-07-13T11:26:15","modified_gmt":"2025-07-13T11:26:15","slug":"administration","status":"publish","type":"page","link":"https:\/\/catholicdioceseofmuranga.org\/index.php\/administration\/","title":{"rendered":"Financial Administration"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"191\" class=\"elementor elementor-191\">\n\t\t\t\t<div class=\"elementor-element elementor-element-895369b e-flex e-con-boxed e-con e-parent\" data-id=\"895369b\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-78874e4 elementor-drop-cap-yes elementor-drop-cap-view-default elementor-widget elementor-widget-text-editor\" data-id=\"78874e4\" data-element_type=\"widget\" data-settings=\"{&quot;drop_cap&quot;:&quot;yes&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Financial Administration is responsible for planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds of the Diocese.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1ccc26d elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"1ccc26d\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInRight&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Other Functions of Financial Administration<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8a4bdc3 elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"8a4bdc3\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ol><li>Estimation of capital requirements<\/li><li>Determination of capital composition<\/li><li>Choice of sources of funds<\/li><li>Investment of funds.<\/li><li>Disposal of surplus<\/li><li>Management of cash<\/li><li>Financial controls<\/li><li><a name=\"_Toc87526786\"><\/a>Financial Planning -Determining capital requirements, determining capital structure, Framing financial policies<\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6a4197e elementor-invisible elementor-widget elementor-widget-image\" data-id=\"6a4197e\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;zoomIn&quot;}\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"343\" src=\"https:\/\/catholicdioceseofmuranga.org\/wp-content\/uploads\/2025\/07\/new-public-financial-management-1024x343.jpg\" class=\"attachment-large size-large wp-image-424\" alt=\"\" srcset=\"https:\/\/catholicdioceseofmuranga.org\/wp-content\/uploads\/2025\/07\/new-public-financial-management-1024x343.jpg 1024w, https:\/\/catholicdioceseofmuranga.org\/wp-content\/uploads\/2025\/07\/new-public-financial-management-300x101.jpg 300w, https:\/\/catholicdioceseofmuranga.org\/wp-content\/uploads\/2025\/07\/new-public-financial-management-768x257.jpg 768w, https:\/\/catholicdioceseofmuranga.org\/wp-content\/uploads\/2025\/07\/new-public-financial-management-100x34.jpg 100w, https:\/\/catholicdioceseofmuranga.org\/wp-content\/uploads\/2025\/07\/new-public-financial-management-1536x515.jpg 1536w, https:\/\/catholicdioceseofmuranga.org\/wp-content\/uploads\/2025\/07\/new-public-financial-management.jpg 1730w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7c2c431 e-flex e-con-boxed e-con e-parent\" data-id=\"7c2c431\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0c95f0c elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"0c95f0c\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;zoomIn&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p style=\"line-height: 22.5pt; margin: 0in 0in 22.5pt 0in;\"><strong><u><span style=\"font-size: 13.5pt; font-family: 'Arial',sans-serif; color: #636886;\">The External Functions of the Finance Department<\/span><\/u><\/strong><\/p><p style=\"line-height: 22.5pt; margin: 0in 0in 22.5pt 0in;\"><span style=\"font-size: 13.5pt; font-family: 'Arial',sans-serif; color: #636886;\">The functions of the finance department can be broadly broken down into external and internal financial management. The external function encompasses the entire range of activities to do with paying the suppliers, vendors, and the other stakeholders who do business with the corporates.<\/span><\/p><p style=\"line-height: 22.5pt; margin: 0in 0in 22.5pt 0in;\"><a name=\"_Toc87526793\"><\/a><strong><u><span style=\"font-size: 13.5pt; font-family: 'Arial',sans-serif; color: #636886;\">The Internal Functions of the Finance Department<\/span><\/u><\/strong><\/p><p style=\"line-height: 22.5pt; margin: 0in 0in 22.5pt 0in;\"><span style=\"font-size: 13.5pt; font-family: 'Arial',sans-serif; color: #636886;\">The internal functions of the finance department are similarly important wherein it stars the payroll processing and ensures that employees are paid on time. Indeed, payroll is perhaps the most visible interface that the finance department has with the employees.<\/span><\/p><p style=\"line-height: 22.5pt; margin: 0in 0in 22.5pt 0in;\"><a name=\"_Toc87526794\"><\/a><span style=\"text-decoration: underline;\"><strong><span style=\"font-size: 13.5pt; font-family: Arial, sans-serif; color: #636886; text-decoration: underline;\">The Treasury Function<\/span><\/strong><\/span><\/p><p style=\"line-height: 22.5pt; margin: 0in 0in 22.5pt 0in;\"><span style=\"font-size: 13.5pt; font-family: 'Arial',sans-serif; color: #636886;\">Treasury is all about managing the foreign exchange payments and ensuring that the corporate does not lose money due to fluctuations in the exchange rates. Indeed, as those who have received payments in Dollars or Euros would cash them when the exchange rate is favourable. The finance administrator should ensure that he negotiates favourably during the exchange of foreign currency into local currency.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Financial Administration is responsible for planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds of the Diocese. 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