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Project Financial Management Workshop Underscores Value for Money in Grants Administration
Participants have at the close of the four-day project financial management workshop been urged to always ensure value for the money in the management of public funds. “All funds and resources belong to the University. All grants should be declared, monies received should be used for the intended purpose and must be accounted for” emphasised Mr. Gyaviira Lubowa, Manager Accounts and Reporting, in the Directorate of Finance, Makerere University.
The workshop was held from Wednesday 23rd to Friday 25th and Monday 28th March, 2022 at Makerere University. During this intense training, participants covered the following areas: Understanding the Grants and Administration Policy, Role of the Grants Administration and Management Support Unit (GAMSU), Project Management Planning, Execution and Reporting, Procurement and Contract management, Monitoring and Evaluation of Government Projects, Project Financial Management and developing of an efficient and effective database.
At the same workshop, participants commended the inclusion of Principal Investigators who are the focal persons in grants management and administration. They appealed for more sensitization workshops targeting Colleges and Research Units to ensure that everyone is brought on board.
The workshop facilitator BVL Consultants defined Project Financial Management as a process aimed at ensuring efficient and effective stewardship of resources for the intended purposes, with the ultimate goal of achieving the project’s development objectives in a sustainable manner. The consultant further emphasised that a project should have a clear date of commencement and conclusion, as well as clear deliverables.
In line with the definition of project financial management, the establishment of GAMSU is a clear demonstration by the University Council’s and Management’s commitment to ensuring that Makerere abides by the laws governing public finances, particularly section 44 of the Public Finance Management Act, 2015.
To help facilitate this process, GAMSU is in the process of developing a Project Database Management System. Addressing participants during the workshop’s closing ceremony, the GAMSU Head of Finance, Mr. George Turyamureeba noted that management of grants should strictly adhere to procurement rules, procedures and regulations. He stressed that disclosure of projects is very important going forward, to ensure that Makerere abides by the law and provides the environment conducive for research to thrive.
Prior to inviting the Acting (Ag.) Deputy Vice Chancellor (Finance and Administration)-DVCFA, Prof. Henry Alinaitwe to deliver his remarks, the Head GAMSU, Prof. Grace Bantebya Kyomuhendo acknowledged that the Unit has been able to make strides in the two months of operation, thanks to the great support from the University leadership.
“We are moving very fast because we have the commitment of Council and the commitment of Management. The Government is also interested in us as the premier University” remarked Prof. Bantebya Kyomuhendo.
Earlier, the Head GAMSU had presented the proposed outline of GAMSU’s Project Database Management System. She encouraged Principal Investigators to always add their consortia and collaborating partners, as they are key incentives for attracting even more funders.
Prof. Henry Alinaitwe in his remarks thanked the Directorate of Finance and GAMSU for organizing the workshop, which comes at a time when the University Management is working on improvements to prudently support grants administration and management.
“This training in Financial Management for project staff is timely and in line with the provisions of the University Grants Administration and Management Policy which was approved by Council in 2020. Compliance with the Policy is not by choice but a yardstick by which all project activities shall be measured” he remarked.
The Ag. DVCFA thanked BVL Consultants for facilitating the training and pledged to continue supporting all efforts aimed at fully implementing the GAMSU policy, including workshops aimed at ensuring that the role of GAMSU is fully appreciated by all staff in the University.
Prof. Alinaitwe concluded by requesting all participants to put financial management systems in place, respond to user queries promptly with the reassurance that GAMSU isn’t coming to take away funding from units but rather, ensure that Makerere achieves her objective of being research-led.
Delivering the closing remarks, Mr. Gyaviira Lubowa congratulated participants upon successfully concluding the training noting that they would be awarded certificates. He thanked Prof. Bantebya Kyomuhendo for being extremely supportive of the four-day training through her active participation in the different sessions.
Contributions from the audience called for involvement of research project support functions namely Finance, Grants and Procurement at all stages of the application process to ensure that the grant writing teams incorporate all the mandatory costs and procedures.
Written by: Public Relations Office
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