Ms. Elizabeth Bodwell

Ms. Elizabeth Bodwell

Director Finance

Elizabeth has working experience in auditing as well as in finance and accounting.  She has been working within the Finance Section of the FSA for the last 15 years.  Prior to joining the FSA, she was employed for over 10 years with the Office of the Auditor General as an Auditor.  She is currently undergoing the professional ACCA training, whereby she has already completed the Fundamentals level.

Finance Section

The FSA Finance Section is responsible for management of cash balances and for the overall financing of the operations of the FSA. The basic objective of the Finance Section is to keep records of financial transactions of the FSA in an accurate, transparent and time-bound manner.   The Section provides leadership in financial management and accountability for the FSA.

The key functions of the Section include preparation and management of the annual budget, collection and accounting of revenue, payment, disbursements and recording of expenditure, financial reporting to all stakeholders, which include senior management, the FSA Board, PEMC and other governmental agencies.

At the end of each financial year, to ensure transparency and fairness, the FSA’s annual financial statements are prepared and submitted to the Office of the Auditor General, who conducts the annual audit review and subsequent certification of its annual financial statements.

The Finance Section is divided into two main functions (a) Financial Reporting and Salaries & Benefits Processing and (b) Financial Operations.