The FO implements and supervises the Foundation’s financial systems. He prepares the annual financial budgets based on the Foundation’s business plan and monitors variance analysis. He processes funds for payment of all contracts and manages bank accounts and bank relations. The FC implements and monitors financial control systems within the Foundation and its related entities. He co-ordinates the annual audit and submits to the CEO, reports in accordance with specified financial procedures for the NCF’s parent Ministry. The FC also supervises staff of the Accounting Department.