Baekhancheol, Chairman of Gyeongbuk Provincial Council, "Will Thoroughly Verify Budget" ... Gyeongbuk Province and Education Office Settlement Inspection

The Gyeongbuk Provincial Council (Chairman Bae Han-cheol) will conduct a settlement audit of the revenue and expenditure budget execution details and fund usage for the 2022 fiscal year for Gyeongbuk Province and the Gyeongbuk Office of Education over 20 days from the 5th to the 24th.

Last year, Gyeongbuk Province reported total revenue of 13.9584 trillion KRW and total expenditure of 12.9625 trillion KRW, while the Gyeongbuk Office of Education reported total revenue of 6.8227 trillion KRW and total expenditure of 6.2252 trillion KRW.

Bae Han-cheol, Chairman of the Gyeongbuk Provincial Council.

This settlement audit is an accounting inspection of the revenue and expenditure settlement, fund settlement, financial statements, and performance reports for the year 2022. The audit committee members will focus on whether the originally approved budget was executed as intended, the legality and efficiency of financial management, and any budget waste. They will prepare a settlement audit opinion report containing identified issues and improvement plans and submit it to the Governor and the Superintendent of Education by May 4.

The settlement audit committee consists of 10 members, including councilors Shin Hyo-kwang, Kim Jin-yeop, and Lee Chung-won, who were appointed at the 338th extraordinary session, two certified public accountants, two tax accountants, and three former officials from Gyeongbuk Province and the Office of Education. Councilor Shin Hyo-kwang (People Power Party, Cheongsong) serves as the representative member, and Councilor Lee Chung-won (People Power Party, Uiseong) serves as the secretary.

On April 5, the first day of the Gyeongbuk Office of Education settlement audit, Chairman Bae Han-cheol and Special Budget and Settlement Committee Chair Lee Seon-hee visited the settlement audit site set up at the Education Office’s Hwabaek Hall to encourage the audit committee members.

Representative member Shin Hyo-kwang stated, “Through this settlement audit, we will thoroughly examine the appropriateness, effectiveness, and rationality of budget execution to ensure that taxpayers’ money has not been wasted. We will improve and supplement any issues found and encourage the good practices, with the determination to raise the level of our province’s financial management to the next stage.”

Chairman Bae Han-cheol urged the settlement audit committee members, “As you verify the budgets executed in Gyeongbuk Province’s administration and educational administration over the past year on behalf of the residents, please do your best to conduct a more thorough audit so that it can serve as an opportunity to enhance fiscal soundness and improve budget execution efficiency.”

This content was produced with the assistance of AI translation services.