The Directorate is headed by the Chief Director of Finance who reports to the Clerk of Parliament (the Accounting Officer of the Institution)
Below the Chief Director is the Director Finance who heads the Financial Services Department.
Below the Director Finance are three (3) Principal Accountants who have four (4) Accountants and four (4) Assistant Accountants reporting to them.
Functions of the Directorate
The Directorate is responsible for the control of Parliamentary Financial Management and Financial Reporting matters, with emphasis on ensuring implementation and compliance with relevant Statute, Statutory Instruments, Regulations and other relevant Circulars that may be in existence.
The functions include:
- Preparing Financial Statement and other Statutory Reports for submission to Ministry of Finance and Investment Promotion and the Office of the Auditor – General;
- Preparation and Execution of the Institution’s annual budget;
- Resources mobilization and Management;
- Risk Management through developing and implementing effective and efficient internal control systems;
- Implementing audit recommendations and responding to any observations by both Internal and External Audit;
- Coordinating the Members of Parliament Motor Vehicle Revolving Fund;
- Disbursement of resources in terms of the Constitution of the Constituency Development Fund;
- Processing of Members of Parliament’s and Officers’ Travel and Subsistence allowances for both foreign and local Parliament business; and
- Payment of all creditors who have provided goods and services to Parliament.
Enabling Legislation and Standards
The Directorate derives its mandate from the following legislation, regulations and relevant financial reporting standards:
- Constitution of Zimbabwe Amendment (No. 20) Act, 2013
- Public Finance Management Act [Chapter 22:19]
- SI 2019-135 Public Finance Management (General) Regulations, 2019
- SI 2019-144 Public Finance Management (Treasury Instructions), 2019
- SI 2018-24 Officers of Parliament (Terms of Service) Regulations, 2018
- Other Relevant Statutory Instruments
- Parliamentary Pensions Act [Chapter 2:02], 1989
- Parliamentary Salaries, Allowances and Benefits Act [Chapter 2:03], 1988
- Circulars on administrative and financial matters issued by Office of the President and Cabinet, Ministry of Finance and Investment Promotion and Public Service Commission;
- Members’ Traveling and Subsistence Regulations;
- Officers’ Traveling and Subsistence Regulations; and
- International Public Sector Accounting Standards.