The Finance Executive manages all financial operations at the University using advanced financial systems. The functions of the department’s staff include accounting, daily transactions, submitting financial reports, and cash management, making payments for different suppliers and contractors, working monthly salary and benefits and others payroll, preparing annual budgets and collection of revenue from various entities and collecting fees.

In line with the overall annual plan of the University of Metu, the role of Finance Executive as an Executive to achieve the mission of the institution is to provide a customer-satisfying service with good governance. Therefore, in order to make learning better, the Finance Executive is making it possible to have budget utilization and a strong financial system, and to carry out activities that should be emphasized without hindering the work in accordance with the laws and regulations issued by the government.

1.     Financial Executive, Mission Objectives, Values

Vision

·         Ensure that the finance executive department at the university reaches a high level of professionalism and leadership.

Mission

·         Provide quality services that are efficient, effective, and timely by creating a technologically updated internal system and establishing robust internal control systems.

Financial values  

·         Integrity: Working according to high ethical and moral principles.

·         Excellence: Provide quality services by creating modern internal systems and establishing robust internal control systems.

·         Customer Service: Provide efficient, effective and timely services while ensuring the appropriateness and accountability of the orders delivered.

 ·         Employee Centered: Value the employees of the unit, be respectful, committed to their growth, mutual trust and respect.

·         Diversity: By fostering awareness and appreciation of diversity among all members of the university community, we create a positive environment and lead diversity as a source of strategic benefit.

·         Innovation:  We are committed to continuous improvement in technology, innovation, best practices, feedback, and collaboration.

2.    Financial executive structure

The finance executive department has 4 team leaders and they provide the following main services

1. Recurrent Budget Team Leader 

·         Cash need: Develops year, 3 month and one month plan

·         Working monthly salary and benefits

·         Making various payments to employees and teachers

·         Making payments from different providers

·         Making a regular accounting report every month

·         Monthly taxes collected to the Ministry of Revenue Jimma Branch and make a report

2.      Internal Revenue Budget Team Leader

·         Timely collection of income from distance and continuing education 

·         Timely collection of income from postgraduate studies

·         Timely collection of revenue from revenue generation Properly manage the collection of revenue from various entities

·         Perform monthly internal revenue accounting reports on board rate and payments in accordance with the guidelines

3.     Capital and Project Budget Team Leader

·         Cash need: Develops year, 3 month and one month plan

·         Properly manage the collection of project revenue from various entities

·         Making payments from various suppliers and contractors

·         Making a regular accounting report every month

4. Budget Management Team Leader

·         Working with the relevant body for the allocation of the year's budget

·         Ensure and sign a budget when various expenditure requests are made

·         Making a budget transfer

·         Submit a budget report to the relevant body every month

·         Proper handling of various documents that have been processed

The budget allocated for recurrent and capital in the 2017 fiscal year

      I.         Management and Administration------------186,869,814

   II.         Learning and Teaching---------------------- 234,558,308.00 

 III.         Student service----------------------------------63,986,468.00

 IV.         Study and Research --------------------------- 28,440,000.00

    V.         Community Consultancy Service----          12,050,000.00

1.     Total recurrent budget---                                                          525,904,590

2.     Capital project -----------------------------------                           646,000,000

3.      General budget Allocated----------------------------------- 1,171,904,590.00

(One billion one hundred seventy one million nine hundred four thousand five hundred and ninety Birr) allocated for the 2017 fiscal year.