16.2.7 Publish Financial data

King Abdulaziz University is committed to operating within the scope of the state’s general budget and the financial regulations and controls issued by the Ministry of Finance, ensuring the efficient management of financial resources and rationalization of spending. The university also seeks to promote the principles of governance and transparency by publishing financial reports and data in accordance with national requirements, enhancing institutional performance efficiency, supporting the sustainability of resources, and achieving national development objectives in alignment with Saudi Arabia’s Vision 2030.

To view the 2024 General State Budget statement, click here.
To view the 2024 Budget Report, click here.

King Abdulaziz University includes specialized departments concerned with budgeting and financial affairs. These departments are responsible for financial planning, preparing the draft budget, and managing resources and expenditures in accordance with approved regulations and bylaws. They also monitor financial implementation and ensure the university’s compliance with the Ministry of Finance’s controls, contributing to enhancing performance efficiency and financial governance within the university, including:

Department of Planning, Budgeting, and Follow-up:

This department works to ensure the optimal use of financial resources by preparing annual budgets, monitoring their implementation, and analyzing the differences between actual and planned budgets. It also supports the university’s strategic and developmental plans while ensuring alignment with overall objectives and approved policies.

Objectives:

·         Coordinating with departments to study the required financial allocations.

·         Supervising expenditure details using electronic means.

·         Enabling university sectors to view financial links through the "Enjaz" system.

·         Preparing a follow-up report on the current status of the five-year plan.

·         Preparing the annual report on job structures.

To view, click here.

Financial Administration:
The Financial Administration carries out financial operations in accordance with approved regulations and rules. It fulfills its responsibilities across all university sectors by disbursing salaries and entitlements to university staff, including faculty members and administrative personnel, as well as contractors and other dues. Additionally, it prepares the final accounts at the end of the financial year and closes the petty cash accounts. The administration is committed to operating within the financial allocations specified in the university budget and ensures that transactions are completed quickly and accurately, utilizing the latest technologies to execute financial operations in alignment with the senior management’s objectives of achievement and efficiency.

To view, click here.