Suwon City Conducts 2011 Fiscal Year Budget Settlement Audit

Suwon City announced on the 30th that it will conduct a budget settlement audit for the 2011 fiscal year through June 12.

The city will conduct a comprehensive budget settlement audit covering revenue and expenditure settlement of the 2011 fiscal year, including general accounts and special accounts for public enterprises, as well as bonds, liabilities, funds, public property, and goods.

This audit is being conducted by five budget settlement auditors, including Park Jung-ran as chairperson of the budget settlement audit committee and auditor Choi Seung-deok, spanning from the city headquarters to the districts.

The budget settlement audit, which began on May 24, will run for 20 days to review 20 types of budget settlement statements and 16 types of financial settlement statements, and will involve direct site visits to major project implementation sites to verify that budgets were executed in accordance with their intended purposes.

In particular, on the 25th, the budget settlement auditors visited the IT system management center of Korea Federation of SMEs Bank, which is designated as Suwon City's treasury bank, to directly verify that electronic disbursement system processing and deposit and withdrawal handling are being managed thoroughly.

Through the budget settlement audit, the city plans to comprehensively review and analyze the budget execution situation and, based on the results, establish an efficient mid-term financial plan.