The Committee shall have powers to consider and report on the following:
- To examine financial control systems of the Council
- To submit findings on Audit Reports to Full Council
- To ensure that Council Assets are insured
- To ensure that proper books and records are kept and all payments made
- Are supported by sufficient vouchers
- To ensure that any expenditure incurred by the Council is in accordance with approved Council budget
- To ensure that all Council assets are safeguarded and also ensure the security of all Council funds
- To ensure that all money borrowed including monies borrowed on bank overdraft, have paid on its due date
- To ensure that all monies derived from a grant or held by the council must have spent in accordance with the conditions under which the grant or trust was made
- To ensure that requirements and recommendations of the Auditor have been compiled with and carried out.
- To review regularly financial statements of Council.
- To examine any account report, record or document any computer disk and ask any officer to provide the above whenever needed
- To invite any officer or any employee of the Council to attend any of its meetings and answer questions where from.
