The Finance Department is run by the Finance Officer and 4 staff members under him. The Department is basically entrusted with the responsibility of handling the finances of the Institute in liaison with the leadership and management of WTTI. I am proud to lead a team of dedicated staff who perform their work with a lot of commitment and passion. I wish therefore to recognize and appreciate the following members of the department;
Janet Maweu – Accountant I
Alfonce K. Muli – Accountant II
Catherine Mwende – Accounts Assistant
Simon Maundu – Accounts clerk(Intern)
As a team, we diligently undertake the roles assigned to us under the following sections:
Financial services offered
Accounts payable/Expenditure Accounting
Cash and Bank management
Budgeting and Budgetary Control
Preparation of Final Accounts
Advisory role to the CEO on Financial matters
The core functions of the department include implementing the institution’s financial policies and procedures, financial reporting, systems control and assist in risk management, facilitating audits, and implementing tax obligations and other legal aspects and enhancement of corporate ethics so as to satisfy all stakeholders through transparency and accountability among other functions.
Towards this end, prudent financial policies and practices have been put in place for the success of the institution. I am glad to note that we have discharged our mandate diligently and we shall continue to do so going forward.
To improve service delivery and customer satisfaction in our department, we have introduced software known as Enterprise Resource Planning, which has greatly improved service provision in our department. We are grateful to the Board of Governor’s for their continuous support. We look forward to continue working with all our internal and external customers for the success of Wote Technical Training Institute.
The Finance department is guided by the following regulations:
Accountant act Cap.531 of Laws of Kenya.(2008)
International Accounting Standards & International Financial Reporting Standards especially IAS 1 & 20.
ISO 19001:2015 Certification procedures.
The Anti-Corruption and Economic Crimes Act, 2003
The Accounting procedures for Ministry and public TIVET institutions.
The procedures of Institute of Certified Public Accountants of Kenya(ICPAK)
The public finance and management Act 2012
The public finance and management regulations 2015
WTTI finance policy procedures Manual
The institute strategic plan
How to pay fees
Fees is payable in two instalments prior to the first day of registration each term or semester.
Payments should be made by Banker’s cheque, money order or through M-Pesa Paybill Number. The Institute will NOT accept CASH. Cash should be deposited at institute account at any branch and the deposit slip presented to the cashier:
Bank: Kenya Commercial Bank AC/No: 110 532 4559 Branch: Wote
M-Pesa Paybill Number
Fees payments can be made through the M-Pesa pay bill number by following the instructions carefully.