The Financial Affairs Department is responsible for the sound economic
management of every aspect of Kuwait International Airport. The
commercial challenges of operating a major international airport are
immense and the Department’s all encompassing role is split broadly into
three key sectors:
General Accounting Supervision comprises divisions handling Expenditure, Revenues, Budget, Treasury, Auditing and Airlines.
Supervision has divisions managing Tenders and Contracts, Local
Purchases, External Purchases and Credits, and Customs Clearance.
Warehouses Supervision has divisions dealing with Storing Affairs, Charges and Warehouses Accounting.
primary role of the Department is budgetary control and general
accounting, which covers salaries, commodities and service requirements,
transportation facilities and equipment, construction projects,
maintenance and public expropriations.
The Department is also
responsible for negotiating KIA’s annual budget with the Ministry of
Finance. All commercial revenues collected throughout the year are
accounted for by the Department and then transferred to the Ministry for
central government funds. Likewise, any non-aviation revenues collected
by the DGCA revert to the Ministry of Finance. This can include the
letting of concessions such as Duty Free, airport advertising, the
provision of weather data and baggage machines, and income from B.O.T.
Overseeing airport finances is a challenging process
but handled efficiently. Clearly explaining the reasons and concepts
behind Depart tment requests has ensured a financial agenda that
benefits all. This co- operative success is so marked that a record
profit for civil aviation looks achievable in the near future. The
Department is also heavily involved in forward planning decisions,
including Master Plan development. Tenders and contracts for all new
construction schemes have to undergo financial review, along with those
involving maintenance or the refurbishment of buildings, utilities and
electrical installations airpor twide.
The Department will also
play its part in ensuring KIA maintains its enviable safety record,
successfully making extra revenue available that will feed through into
airport security in the near future. Other vital duties carried out by
the Department’s staff include documentary auditing and external
purchasing of supplies, equipment and maintenance spares. Also within
its remit are warehouse administration, inventory and stores con.