SADC Financial Regulations Effective 1 April 2013 Regulation  12  –  Director  of  Budget  and  Finance   1. The DBF as the functional head of the budget and finance directorate and principal financial adviser to management is responsible for facilitating compliance with these regulations. 2. The DBF shall be technically qualified and experienced to be the functional head of the directorate. 3. The DBF shall report to the Accounting Officer all cases of non-compliance of financial regulations. 4. In addition to the responsibilities of Controlling Officers set out in regulation 13, the DBF is responsible for: a) providing financial advice to and assisting the Accounting Officer in preparing the draft estimates, periodic and annual financial statements for SADC; b) issuing financial management procedures in accordance with these regulations; c) monitoring the accounting systems for SADC; d) co-ordinating and monitoring systems of financial management, internal control and reporting in all SADC institutions; e) exercising and maintaining control and direction of all matters relating to the financial management of SADC in accordance with SADC Financial Regulations as communicated by the Accounting Officer; f) collection of revenue owing to SADC; g) ensuring sound financial management of donor funds; h) ensures that disbursement of funds are only made where applicable procurement procedures have been duly followed; i) ensuring timely management and financial reporting; j) serving as the highest financial officer of SADC, and accordingly represents the organisation on matters pertaining to finance; k) organising an efficient treasury function, to ensure proper management of SADC’s working capital and cash flow, and l) providing support to the Controlling Officers. Page 24 of 100