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Financial Management of Subnational Governments in Nepal

Financial Management of Subnational Governments in Nepal. Overall Financial Management in Nepal. Constitution of Nepal. Federal Consolidated Fund. Province Consolidated Fund. Local Consolidated Fund. Ministrires and Department. Ministries and Departments. Local Government.

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Financial Management of Subnational Governments in Nepal

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  1. Financial Management of Subnational Governments in Nepal

  2. Overall Financial Management in Nepal Constitution of Nepal Federal Consolidated Fund Province Consolidated Fund Local Consolidated Fund Ministrires and Department Ministries and Departments Local Government Central Level Accounting Financial Administration Section Operational Accounting Operating Agencies, Field Offices, Projects

  3. Reporting of Federal and SNG’s Accounts SNG’s Reporting • Reporting from Local governments to DTCO and Province FCGO • DTCO Reports to PFCGO • PFCGO prepare consolidated financial statement & MOEAP and FCGO • FCGO consolidates and Prepares General Government Reporting • FCGO submits/Publish the final report to OAG. • ICT Based system are being developed Federal Reporting • Reporting from executing offices to Supervisor Office & DTCO • DTCO Reports to FCGO & respective departments • MDA’s prepare agency-wise consolidated financial statement & report to FCGO • FCGO consolidates the reports from DTCO and central agencies • FCGO submits the final report to OAG. • ICT based Systems are in place

  4. Reporting of Operational level of all 3 level • Annual Reporting • Financial Statements of Expenditure (OAG 17, 208) • Financial Statements of Revenue (OAG 193) • Financial Statement of Retention (OAG 194) • Annual report of assets (OAG 57) • Summary annual progress report • Annual reports of other funds • Monthly Reporting • Statement of Expenditure (OAG 13, 213) • Details of Advance Amount (OAG 14) • Bank Reconciliation Statement (OAG 15) • Monthly Statement of Revenue (OAG 9) • Monthly Statement of Retention (OAG 19) • Statements of other funds

  5. Fund Flow inter-linkage in Federal System Central Bank Federal MOF/ FCGO Province Treasury Comptroller Province Federal Govt. Trans. Bank District Treasury Comptroller office Province Govt. Trans. Bank Provincial Unit Federal Unit Local Level Local Govt. Office Office under Province District Offices under Federal Govt.

  6. Federal Financial Management Parliament /PAC Budget Approval MDA’s Authorization Program Execution LMBIS MoF OAGN CGAS/FMIS IRD Final Audit BMIS RAS FCGO Journal Voucher & Ledgers RMIS DTCO Internal Audit TSA Bank Payee information entry OAG Forms SPENDING UNITS Compliance with Financial Acts, norms and standards E-Payment Contract Cheque issue Payment Order Preparation Customer/Payee Disclosure of Financial Statements

  7. Treasury Operations of Province and Local Government Consolidated Fund Treasury Management System Revenue A/C Expenditure A/C Other A/C’s Capital A/C Recurrent A/C Other Special Funds Regular Expenses Employee welfare fund, Disaster recovery fund, Maintenance fund etc.

  8. Discussions

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