The Bursary Department

The Bursary of Joseph Sarwuan Tarka University, Makurdi, is the financial nerve center of the institution—ensuring sound fiscal governance, resource optimization, and compliance with statutory and regulatory frameworks. Guided by the Bursar, the department operates through several well-structured directorates, each playing a vital role in the financial health and sustainability of the University. These directorates collectively uphold the principles of integrity, efficiency, and accountability.

Collectively, these directorates form the backbone of financial administration at Joseph Sarwuan Tarka University, Makurdi. They reflect a shared commitment to fiscal responsibility, innovation, and service delivery—ensuring that the University thrives academically and administratively on a foundation of strong financial management.

Management and Organogram

The Directorates

Payroll and Pensions

This directorate is responsible for the accurate computation and timely payment of salaries, allowances, and pensions to University staff. It ensures strict adherence to government payroll regulations and pension reforms, while managing employee records and coordinating with relevant pension administrators. The unit is central to maintaining staff morale and institutional compliance with statutory financial obligations.

Stores

The directorate of Stores manages the procurement, receipt, storage, and issuance of supplies and inventory across the University. It ensures efficient inventory control, proper documentation, and accountability for goods and materials. With a keen eye on value-for-money and quality assurance, this directorate works closely with the Procurement Unit and user departments to support operational effectiveness.

Assets and Insurance

This directorate oversees the registration, valuation, and monitoring of University assets. It ensures the protection of institutional property through comprehensive insurance coverage. The unit is also responsible for loss assessment, claims processing, and ensuring that both physical and intangible assets are adequately secured, documented, and reported.

Internally Generated Revenue (IGR)

Tasked with mobilizing and expanding the University’s revenue base, the IGR Directorate designs and manages sustainable income-generating strategies. It monitors revenue performance from tuition, consultancies, commercial services, and other ventures. This directorate plays a key role in financial independence by reducing overreliance on statutory allocations.

Main Accounts and Reports

This directorate is responsible for maintaining the University’s financial books and preparing statutory reports such as balance sheets, income and expenditure statements, and other financial disclosures. It ensures compliance with national accounting standards and supports external audits and public accountability. The unit also facilitates decision-making through timely and accurate financial reporting.

Treasury and Archives

Focused on the custodianship of University funds and financial records, this directorate ensures the prompt receipt and disbursement of payments to and from stakeholders. It handles cash management, banking operations, and investment activities. Additionally, the Archives Unit maintains a secure and accessible repository of financial documents, supporting institutional memory and audit trail requirements.

 

Expenditure Control and Budget

This directorate oversees the preparation, monitoring, and control of the University’s annual budget. It ensures that expenditure aligns with approved budgets and institutional priorities. By enforcing fiscal discipline and conducting variance analysis, the unit provides strategic oversight on spending trends and budget performance to support financial planning and sustainability.

Main Accounts and Reports

This directorate is responsible for maintaining the University’s financial books and preparing statutory reports such as balance sheets, income and expenditure statements, and other financial disclosures. It ensures compliance with national accounting standards and supports external audits and public accountability. The unit also facilitates decision-making through timely and accurate financial reporting.

Treasury and Archives

Focused on the custodianship of University funds and financial records, this directorate ensures the prompt receipt and disbursement of payments to and from stakeholders. It handles cash management, banking operations, and investment activities. Additionally, the Archives Unit maintains a secure and accessible repository of financial documents, supporting institutional memory and audit trail requirements.

 

Published reports

JoSTUM Audited Accounts

Year
Item
PDF File

2019

Audited Account

2020

Audited Account

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