Bulawayo City Council

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Risk And Cash Flow

Cash Management

The function of Risk and Cash Flow Management Section is to source funds for revenue and capital projects, investing surplus in high yielding instruments and establishment of linkages with financial institutions. It also provides affordable cover to mitigate risk against Council’s insurable assets.

Bank Accounts as well as Cash Accounts are maintained and controlled by Cash and Risk Management Section. The Section carries out Bank reconciliations of all Council bank accounts. Cash inflows and outflows are monitored on daily bases.

Payment for goods and services to various suppliers is done or facilitated by the Section.

Risk Management

Insurance cover for various risks is taken through Council’s insurance broker. Insurance portfolio includes the following:

Motor Fleet

This covers all Council vehicles

Executive Motor Scheme

This policy covers motor vehicles of directors, deputy directors and assistant directors.

Public Liability

The public liability policy provides indemnity in respect of accidental bodily injury or death to third party and loss or damage to third party property.

Assets All Risks

Council buildings and their contents are covered under this policy.

Group personal Accident

The policy provides 24 hour cover for injury or death of council employee through accident.

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