Section 12: Head of Finance

12. Head of Finance (1) The Board shall appoint, on such terms and conditions as it may determine, a Head of Finance on the recommendation of the Staff Committee. (2) The functions of the Head of Finance shall be to— (a) prepare for the consideration of the Board the estimates of income and expenditure of the Université des Mascareignes for each financial year; (b) collect all fees and other monies due to the Université des Mascareignes, give receipts and account for all sums so received in such form as the Board may from time to time direct; (c) exercise general supervision over the funds and advise the Board as regards its financial policy; (d) arrange for the annual and any special auditing of the accounts; (e) call for explanations for any unauthorised expenditure or other financial irregularity and suggest disciplinary action against persons at fault; (f) call from any office or unit any information or return that he may consider necessary for the performance of his functions; (g) perform such other financial functions as may be assigned to him by the Board or the Director-General, or as may be provided for in the Statutes.