The Bursary Department is the administrative arm of the University concerned with financial and accounting functions. It is headed by a Bursar who is the Chief Financial Officer of the University. His main duties include advising the Vice-Chancellor on the day-to-day administration and control of the University’s funds, formulating financial policies, preparing budget and budgetary controls to safeguard the financial resources of the University.
The Department has fifteen (15) units under it which are being headed by the most senior staff. At the end of the year under review, the Department had staff strength of 123, out of which, six are Deputy Bursars.
Some of the main Units of the Department include:
Cash Office Unit
Responsible for receiving and payments through the general electronic payment systems (e-transactions).
Budget & Projects Unit
Responsible for preparing University budgets and processing payments of capital projects.
Contract and Services Unit
Responsible for processing payments of University expenditures under
Data Unit (Final Accounts)
Responsible for the preparation and production of University Financial Statements and Quarterly Performance Reports.
Payroll Unit -
Responsible for processing of monthly salaries for all University staff through the Payroll System.
Special Funds Unit
Manages designated funds received for specific projects/purposes, from the government, non-governmental agencies and organizations.