The Directorate of Finance and Accounts is the custodian of all monetary transactions of The Open
University of Tanzania. It is responsible for maintaining proper accounting for the University
Headquarters and Regional Centres.

SECTIONS:

Budget and Revenue Section
This section deals with the preparation of University annual estimates and follow-up of government
quarterly allocation of funds to the University. It also receives and banks all the money paid to the
University; including grants. All cheques to the University should be payable to the Open University of
Tanzania. This section also keeps financial records of the University, prepares Bank Reconciliation
statements and carries several other related functions.

Expenditure Section
This section deals with all University expenditure payments except salary payments. This section maintains
records of all creditors, advances, imprests, petty cash transactions etc. Writing of cheques is also carried
out in this section.

Salaries Section
It handles all salary payments for the University employees.

Students Section
This deals with all students financial matters such as payment for tuition, study materials, examination fees,
registration etc.

Supplies, Clearing and Forwarding Section
This section is responsible with purchasing of stationery, clearing materials, storage and distribution of the
same to the Open University of Tanzania Headquarters, Regional Centres and Study Centres. Also clearing
of the Open University and staff goods from overseas; liaison with Commercial Banks and the Central
Bank for imports. Foreign purchasing (Open letter of credit), deals with all exemptions with shipping firms
and releases bills of lading etc.