With the separation of the former Corporate Services Department into HR and finance functions, the Finance Department focused on delivering efficient financial management and financial control necessary to support all business activities of the Authority. Key activities included financial accounting, budgeting, payroll administration, and financial reporting. In addition, the Finance Department maintained responsibility for records management, goods and services procurement and service cost recovery.
During FY 2018/19, the department continued to build on earlier initiatives aimed at increasing operational efficiency. This effort included work towards fully implementing the various modules of the Sage 300 financial and human resources management systems (HRMS). Specifically, accounts payables, accounts receivables, payroll, availability of funds, workflow payables, audit logs, and fixed assets.
In financial planning activities, the department assisted senior management with improving aviation sector compliance with international standards by ensuring that the annual budget reflected the Authority’s regulatory priorities.