The Finance Department of Bhubaneswar Municipal Corporation is a crucial pillar of urban governance, entrusted with the charge of public finances and the responsibility of ensuring fiscal discipline, transparency, and efficiency in financial decision-making. In an era where smart cities are rapidly expanding and public expectations are growing, the role of this department is more vital than ever before.
Our department functions as the financial custodian for our Municipal Corporation, working closely to plan, monitor, and regulate financial flows so that urban development initiatives are executed effectively and sustainably. We ensure that funds are allocated wisely, accounted for accurately, and utilized to deliver meaningful public services such as sanitation, street lighting, road maintenance, housing, and environmental management etc.
1. Budgeting and Financial Planning
We oversee the preparation of annual budgets that reflect realistic estimates of income and expenditure. These budgets are aligned with local development goals, state policies, and public expectations. Our department ensures that every financial plan is guided by principles of efficiency, sustainability, and responsiveness.
2. Accounting and Financial Reporting
We are responsible for maintaining up-to-date and transparent records of all financial transactions of Corporation. Our accounting processes follow DEABAS as outlined in the Odisha Municipal Accounting Manual. We ensure timely preparation of financial statements, reconciliation of accounts, and publication of audited reports.
3. Internal Audit and Financial Control
Through a robust internal audit mechanism, we continuously assess the financial health of our Corporation. The audit wing functions independently to verify compliance, check financial irregularities, evaluate internal controls, and suggest process improvements. This plays a vital role in strengthening accountability and preventing financial leakages.
4. Digital Financial Systems
We are actively involved in the implementation of e-governance and digital finance solutions. Initiatives like online tax payment systems and integrated financial management software have improved efficiency, transparency, and citizen convenience
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