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Procurement, Finance, and Property Administration Office

The Procurement, Finance, and Property Administration Team operates under the direct oversight of the Administrative Vice Dean. We serve as the financial and logistical anchor of the institution, ensuring that all public funds, material assets, and supplier partnerships are managed with the highest levels of transparency, legal compliance, and operational efficiency.

🏛️ Leadership & Fiscal Governance

Our financial infrastructure is strictly governed by national public procurement laws and regional financial management proclamations to eliminate wasteful spending and ensure total accountability.

Supervising Authority

Office of the Administrative Vice Dean (Mr. Masresha Arega)

Procurement, Finance, and Property Administration Team Leader

Mr. Dessale Derso Wolle

Subordinate Operational Units:

• Procurement Officer Desk
• Accounting Officer Desk
• Cashier / Treasury Desk
• Property and Inventory Officer Desk
• Information Technology Specialist Desk

The team executes a wide range of asset tracking, budget formulation, contract management, and auditing compliance duties

🎯 Core Mandate & Operational Responsibilities

📊 Strategic Financial Management & Budgeting

Operating Budget Preparation

Formulating the annual institutional budget, tracking internal expenditures, and enforcing cost-control metrics to curb wasteful resource use.

Transaction Processing

Systematically recording accounting transactions, processing external supplier invoices, and ensuring timely payments for employee salaries.

Financial Reporting

Generating periodic and annual financial statements detailing the college’s income and expenditures for regional education boards and top management.

🛒 High-Quality Procurement & Contract Administration

Strategic Procurement Planning

Aggregating annual institutional requests for goods and services across all academic departments to draft a unified procurement roadmap.

Tender & Bidding Operations

Preparing competitive tender documentation, issuing official bids, evaluating incoming supplier proposals, and legally selecting winning vendors.

Contract Monitoring

Drafting standard supplier contracts and continuously monitoring performance milestones against signed contractual obligations.

📦 Fixed Assets, Inventory, & Property Upkeep

Warehouse Storage Management

Inspecting the quality of incoming physical goods, handling safe warehouse storage, and distributing items to user departments systematically.

Inventory Auditing

Assigning permanent inventory codes for all fixed and consumable assets while conducting periodic physical asset audits.

Asset Preservation & Disposal

Maintaining regular upkeep for vehicles, computer hardware, and office furniture to prevent service interruptions, and disposing of redundant items via public auction.

📋 Standards for Faculty & Suppliers

To ensure total transparency and complete adherence to public finance laws, all departments and external vendors must follow these channels.

Departmental Purchase Requests

Academic heads seeking specialized equipment for science labs or computer networking training rooms must submit an authorized request to the team before the start of the procurement cycle.

Invoice & Payment Clearances

To guarantee timely processing, suppliers must submit original transaction documents, signed delivery receipts, and valid business clearances directly to the accounting desk.

External Audit Support

All financial logs and inventory transactions are periodically submitted to internal and external auditors to rectify any findings instantly.

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