What Is The Disbursing Officer Responsible For? (Correct answer)

This role is an employee of the Federal Government, a Treasury Disbursing Officer (TDO) or non-Treasury Disbursing Officer (NTDO), authorized to perform financial transactions (deposit collections, disburse checks, and transfer funds between agencies).

What is the role of disbursing officer?

Disbursing Officers or Special Disbursing Officers – These are personnel authorized to pay out government funds or settle government payables and obligations either in currency (cash) or in check to authorized recipients.

Who is the US disbursing officer?

United States Disbursing Officer (USDO): An American officer authorized to receive, disburse money and account for all official funds entrusted to that employee. The USDO is an accountable officer operating under a Department of the Treasury delegation to disburse U.S. government funds.

What is a certifying officer responsible for?

Specific people, called. “certifying officers” in civilian. agencies, are responsible for verifying that payments made by the Federal Government are legal, proper, and correct. The verification involves certifying a voucher for which a disbursement will be made.

Who is drawing and disbursing officer?

DDO. DISBURISNG OFFICER MEANS A HEAD OF OFFICE AND ALSO ANY GAZETTED OFFICER SO DESIGNATED BY A DEPARTMENT OF THE CENTRAL GOVERNMENT, A HEAD OF DEPARTMENT OR AN ADMINISTRTOR TO DRAW BILLS AND MAKE PAYMENT ON BEHALF OF THE CENTRAL GOVERNMENT.

You might be interested:  What Does A Privacy Officer Do? (Correct answer)

What is a disbursement representative?

A disbursement analyst is an accounting professional that is responsible for working with the distribution of funds from a financial institution. A disbursement analyst may work for a bank, financial institution or any other company that deals with the transfer of money and in particular, offers loans to customers.

What does the word disbursing mean?

1a: to pay out: expend especially from a fund disburse money. b: to make a payment in settlement of disburse a bill.

How do certifying officers ensure system?

A letter is used to appoint Certifyihg Officers. A Certifying Officer’s certification attests to the legality, propriety, and correctness of a voucher for payment as defined in DoD Directive 7000.14R. Disbursing money according to properly certified vouchers.

What is the primary purpose of certifying a DTS voucher or local voucher?

What is the primary purpose of certifying a DTS voucher or local voucher? To allow payment of claimed expenses.

What is the purpose of having accountable officials and certifying officers?

Certifying officers are accountable officials who ensure transactions are processed by all responsible officials, are properly documented and computed correctly according to source documents, and correct and proper for payment.

What are the duties of drawing and disbursing officer?

1.4 The Drawing & Disbursing Officer is personally responsible for the correct maintenance and timely rendition of accounts or returns in respect of public funds or stores handled in his office.

What is the meaning of disbursing officer?

Disbursing Officer means a Head of Office and also any other Gazetted Officer so designated by a Department of the Central Government, a Head of Department or an Administrator, to draw bills and make payments on behalf of the Central Government.

You might be interested:  How To Become Tsa Security Officer? (Solved)

Who is DDO in West Bengal?

As per rule 1.04 of WEST BENGAL TREASURY RULES D.D.O means “ Drawing and Disbursing Officer ” means a Group A Government employee of an establishment who is authorised by the concerned administrative Department with the concurrence of the Finance Department to draw money from the Government Account and disburse the same

Leave a Reply

Your email address will not be published. Required fields are marked *