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Domestic

RDA to conduct monthly reconciliation of security deposits, project fees

RDA moves towards zero-paper policy, directs strict compliance with EFOAS
RAWALPINDI, Oct 28 (APP):On the directions of the Commissioner, Rawalpindi Division and the Director General, Rawalpindi Development Authority (RDA), Salman Ghani, a meeting was held at the RDA conference room to review financial management procedures and security-related matters concerning development projects.
The meeting was chaired by Additional Director General RDA Masood Ahmad Bukhari and focused on improving financial record-keeping, ensuring transparency and strengthening the monitoring and reconciliation of security deposits and other fees related to development projects.
It was decided that security deposits and other fees associated with RDA projects would be reconciled on a monthly basis to ensure accurate financial records, timely identification of discrepancies and effective monitoring of transactions.
Masood Bukhari emphasised the importance of maintaining complete and up-to-date records of security deposits, fees and other financial transactions related to engineering projects. He directed the concerned officers to ensure that all entries were properly recorded, verified and reconciled in accordance with the prescribed rules and procedures.
He said regular reconciliation was essential for strengthening financial discipline, improving administrative efficiency and ensuring accountability in the execution and management of development projects.
The concerned formations were directed to coordinate to ensure timely verification of records and resolution of discrepancies. The meeting also stressed the need for a systematic approach to financial record-keeping to keep relevant information readily available for review, verification and audit.
The officers concerned were instructed to ensure strict compliance with the decisions and make monthly reconciliation a regular part of their official responsibilities.
Director Administration Nosheen Israr, Director Engineering Muhammad Anwar Baran, Director Finance Masood Arshad and other concerned officers attended the meeting.

Source: APP (Associated Press of Pakistan)