Gearing Up for Competitiveness: The Role of Planning, Governance, and Finance in Small and Medium-Sized Cities in South Asia by Asian Development Bank

Author:Asian Development Bank [Bank, Asian Development]
Language: eng
Format: epub
Tags: Public Policy, City Planning & Urban Development, Political Science, General
ISBN: 9789292573034
Google: wlh9DQAAQBAJ
Publisher: Asian Development Bank
Published: 2016-08-01T09:25:43+00:00

Source: Asian Development Bank.

FINANCE

Financial management systems. GCC’s financial management systems are dismal (Figure 5). They use a partially computerized, cash-based accounting system. The organogram includes an audit department, but most of these positions remain vacant. The external audit is to be carried out annually by the central auditor general, but the report for fiscal year 2014 is not yet available. Financial statements for GCC’s first year of existence have not been disclosed. The Freedom of Information law indicates that financial statements and audit reports should be made available upon request.

Figure 5: Gazipur City Corporation’s Score – Finance

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