CPA Geofrey K. Langat

CPA Geofrey K. Langat

Finance Officer 

Message from the Finance Officer

The Finance Officer, who is the head of the finance department is appointed by the University Council and performs duties under the Deputy Vice Chancellor (Administration Finance & Planning) and the Vice-Chancellor. The Office of the Finance Officer is responsible for the prudent use of the university financial resources and prepares for the consideration of the statements, accounts and estimates required by the University Council.

We receive all moneys due to the University and make, on behalf of the University, authorized payments; prepare consolidated quarter and annual financial statements of the Units of the University for consideration by the Finance, Investment and General Purposes Committee of Council; source for funds for the University; and facilitate both internal and external auditors in the performance of their functions.

The Finance Officer is responsible for the management of staff in the department and is assisted by Deputy Finance Officers, Senior Accountants, Accountants and other staff in the department in the performance of these critical duties.

Brief Introduction of the Department

The Finance Department is a part of the support departments at the University whose main duties are to receive and disburse all university finances. Students are advised to consult on matters related to financial issues when they are in need. The department facilitates and supports students’ efforts towards financial gains through various sub-sections that offer services to meet its mandate.

Departmental Vision "To be a department of excellence in financial services for valued transformation of society."

Strategic Objectives

1. Strategic Budgeting and Projecting One of the main goals for the finance department is to create and monitor not only overall university budget, but a variety of functional or departmental budgets as well. Using annual budget projections, the staff creates monthly or quarterly budget variance analysis to see if the University is on track with revenues and spending.
2. Cash Flow Management Knowing when bills are due and when to expect payment from customers is critical for the University business. Receivables management is a key role for the finance department.
3. Accurate Record Keeping The most important objective is to keep accurate financial records. This includes helping the University meet its legal requirements; ensuring not to spend more than we have; instituting policies and procedures for controlling contracts and payments, and carrying out spot checks to prevent fraud.

Departmental Mandate & Functions

S/NStaff NameDesignationMandate / Functions
1CPA Samuel Mwangi MurageDeputy Finance OfficerPreparation of financial statements and audits
2CPA Lillian MutheeSenior AccountantAccounting for payments
3CPA Gladys KinuthiaAccountantAccounting for Revenue and Budgeting & Budgetary Control
4Mr. Fredrick OmondiSnr Assistant AccountantAsset Management

Departmental Activities

The finance department shall have responsibility to meet the requirements of the Public Finance Management Act 2012 and Universities Act No 42 of 2012 and the university’s financial objectives. The department will carry out the following:

  1. Implement sound financial controls at the University.
  2. Design and implement sound accounting and financial systems in accordance with International Public Sector Accounting Standards (IPSAS) and guidelines issued from time to time by professional and regulatory bodies.
  3. Ensure that expenditure incurred is in accordance with university policies and guidelines.
  4. Make payments for goods and services within the funds appropriated to the University.
  5. Receive and order the disbursement of any trust monies for which the University has been appointed as administering authority.
  6. Collect, keep in safe custody and bank all income due to the University. Staff in other departments or units of the University undertaking collection of funds shall exercise delegated authority from the finance department and implement all the necessary financial controls.
  7. Manage and reconcile the bank accounts of the University.

Recent News

The Department has successfully prepared and submitted the quarterly and annual report and financial statements. It has also successfully implemented the Enterprise Resource Planning (ERP) System among other strategic activities.

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