City Treasury Department

Karamagi Simon
City Chief Finance Officer

Fort Portal City’s Treasury Department oversees the financial backbone of the City, handling both expenditure and accountability functions. A core part of the Department’s work involves keeping a close eye on the City’s cash position; tracking money coming in and going out, so that day-to-day operations always have the funding they need to run smoothly.

Core Functions of the Department

1. Guides City leadership and management on all matters relating to expenditure
2. Ensures every expense stays within approved budget limits and follows government financial guidelines
3. Handles payment processing for goods and services rendered to the City
4. Maintains accountability for City resources and responds to audit findings
5. Tracks and regulates spending across City operations
6. Oversees cash flow management and administers the City’s insurance coverage
7. Coordinates financial reporting for City funds, along with donor and grant-funded projects
8. Assists in drafting both the annual recurrent and development budgets
9. Keeps accurate financial records in line with established regulations
10. Compiles monthly and yearly statutory financial statements as required by law
11. Manages debt obligations, including bonds and other financing arrangements
12. Runs reliable systems to safeguard and manage all of the City’s financial resourcess of the City