Uijeongbu City Appoints Members to the Integrated Financial Stabilization Fund Management Deliberation Committee

by Lee jonggu

Published 17 Oct.2024 11:55(KST)

Mayor Kim Dong-geun (sixth from the left) is taking a commemorative photo with the committee members at the Integrated Fiscal Stabilization Fund Management Deliberation Committee meeting on the 16th.

Uijeongbu City, Gyeonggi Province (Mayor Kim Dong-geun) announced on the 17th that it held a meeting of the Integrated Financial Stabilization Fund Management Deliberation Committee in the city hall's medium conference room on the 16th and appointed seven new members.

The Integrated Financial Stabilization Fund is a fund designed to adjust imbalances in financial revenue between fiscal years and to efficiently utilize surplus resources from various accounts and funds. At the meeting, new private members were appointed due to the expiration of the terms of existing members, and the “2025 Integrated Financial Stabilization Fund Operation Plan (draft)” and other matters were deliberated and resolved.

The committee consists of a total of 10 members, including three ex officio members, such as the vice mayor who serves as the chairman, and seven private members. The private members were appointed from experts with financial expertise, such as professors in related departments, tax accountants, and certified public accountants.

The term of office for members is three years, and they deliberate on matters such as ▲establishing fund operation plans and preparing settlement reports ▲changes in major expenditure items ▲performance analysis of fund operations ▲deposit and custody of funds ▲accumulation of the financial stabilization account.

Mayor Kim Dong-geun stated, “We will operate the Integrated Financial Stabilization Fund as intended to contribute to the efficiency and soundness of the city’s financial management.”