Financial Council – Prerogatives of HCGI/HACIG
1. Financial Oversight and Accountability
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Ensure transparent management of all financial operations, budgets, and resources within HCGI/HACIG at national and regional levels.
2. Budget Preparation and Monitoring
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Prepare annual and special budgets in collaboration with relevant councils; monitor execution and advise on corrective measures where needed.
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Conduct regular internal audits and collaborate with external auditors to guarantee compliance with financial regulations and ethical standards.
4. Fundraising and Resource Mobilization
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Design strategies for resource mobilization including partnerships, grants, donations, and sponsorships to support HCGI/HACIG’s missions and activities.
5. Investment and Financial Planning
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Advise on sound investment strategies, financial sustainability plans, and reserve fund policies aligned with the organization’s long-term goals.
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Ensure timely and accurate financial reporting to the Executive Council, General High Commissioner, and statutory partners, both national and international.
7. Grant and Project Finance Management
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Oversee financial aspects of projects and programs, including proper use of grant funds, cost-efficiency, and donor compliance.
8. Training and Financial Literacy
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Educate regional delegates, department heads, and local offices on financial best practices, internal control systems, and anti-corruption measures.
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Detect and prevent any misuse, embezzlement, or misappropriation of funds, and initiate disciplinary or legal procedures when necessary.
10. Partnership Financial Liaison
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Serve as the main interface for financial negotiations and due diligence with institutional, corporate, and philanthropic partners.
