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Purpose of the Sub Committee

The committees main purpose is to oversee the overall financial and administration status of KSB.

Its membership is composed of Council members with a sound financial and administration background and staff in the finance department. The Chairperson of this committee will be the Treasurer.

Key Responsibilities:

  1. Advice on the Preparation of annual budgets for Council’s approval.
  2. Approve overall allocation and disbursement of funds.
  3. Review quarterly and annual Income and expenditure reports and explain any deviations to the Council.
  4. Advice the Council and Management on possible investments
  5. Report to the Council regularly on the status of such investments.
  6. Advice on the preparation and implementation of the finance and administration policies and procedures.
  7. Advice on strategic administration issues of the organisation and keep the Council informed regularly.
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