BRIEF HISTORY
Accounts Department was operated as a section under the Administrative Department for two and half decades and was separated as a full-fledged department in early 1980s. Mr B.A. Owolabi who joined the service of the hospital on 3rd June 1967 was appointed the first Head of Department as Principal Executive Officer (Accounts) on 1st June 1983. He voluntarily retired from active service in 1986.
Mrs. O. A. Ajayi who was on transfer of service to the hospital in 1986 became the Head of the Accounts Department immediately and resigned her appointment to further her career in July
1989. Mr Kamilu Alamutu took over the mantle of leadership from 1989 to 1992.
However, the quest for professionalism as required by the Schemes of Service led to request for the service of Mrs Lateefat Oluwatoyin Ejio FCA, who eventually transferred her services from the Department of Works, Federal Ministry of Works Annex at Federal Secretariat Abeokuta and was absorbed as the substantive Head of Department from 21st October 1992. She later died in active service on 12th April 2017.
The responsibility of Head of Department was saddled on Mrs Rukayat Abosede Agbelu, Assistant Director (Finance and Accounts) thereafter, and maintained the status-quo till 21st January, 2023 when she statutorily retired from the service of the hospital. Mrs Adekemi Ejije FCA is currently the head of the department.
PHILOSOPHY AND OBJECTIVES Philosophy
It is not in any way a hidden fact that there is the need for accountability and transparency in every sphere of human endeavors. These are critical phenomena in ensuring a balanced community. They cannot be achieved except solid structures purposely targeting the entrenchment of the fact of these matters are put in place. Therefore, the invention of Finance and Accounts Department to actualise the checks and balances, financial control to minimise wastages, rendering financial advice and reporting on the financial activities.
Objectives
The main objective of the department is to discharge the financial responsibilities of management, control, budgeting, enumeration of performance and reporting. Other objectives are:
To devise means and ways of revenue generation;
To create the best platform for budgeting and implementation;
To put a fortified internal control system in place;
To attend to series of expenditure requirement and ensuring prompt payment without sentiment, discrimination and/inducement;
To render financial advices and curtail excesses or unnecessary financial attention;
To prepare annual financial report; and
To certify that the financial report show a true representation of the annual operation of the hospital.
C. ACTIVITIES
Finance and Accounts Department has been a whole system to be reckoned with in the canon of activities and development in the hospital. It is as old as the age of the hospital.
It renders the financial services entailing the revenue collection and management, expenditure management and control, financial management, financial advice, asset management and accounting, budget preparation and management, implementation of government policies through Treasury Single Account (TSA), Government Integrated Financial Management Information System (GIFMIS), Integrated Payroll and Personnel Information System (IPPIS), Stock Accounting and Fiscal and Financial Reporting.
The department is divided into:
Expenditure Section comprising Other Charges and Integrated Payroll and Personnel Information System (IPPIS).
Revenue Section which is divided into Cash Office, and Revenue Collection Units.
Budget Section dealing with budget preparation and payments through the GIFMIS and Treasury Single Account (TSA) platform.
iv Fiscal and Financial Reporting Section which handles Final Account, Stock Accounting, Fiscal Accounting, Fund and Advances Management and Asset Management Finance.