Seoul Jung-gu Council, 2020 Fiscal Year Settlement Audit

The committee members, including Chief Commissioner Goh Moon-sik, are conducting the settlement audit.

[Asia Economy Reporter Jongil Park] The Jung-gu Council of Seoul (Chairman Jo Young-hoon) has been conducting the 2020 fiscal year settlement audit since April 1.

The settlement audit committee members include Councilor Go Mun-sik, former public official Jeong Gi-am, former Jung-gu Office public official Chae Seong-man, accountant Choi Won-ik, and tax accountant Sang Mi-jeong, who have been appointed to inspect Jung-gu's financial management.

The audit targets for Jung-gu's 2020 fiscal year include ▲settlement of revenue and expenditure ▲settlement of continuing expenses, explicit carryover expenses, and accidental carryover expenses ▲settlement of bonds and debts ▲settlement of assets and funds ▲financial statements, among others.

The committee members verify calculation errors and consistency based on settlement documents and supporting materials, reviewing the validity of financial operations, as well as the efficiency and legality of budget execution.

Looking at the detailed schedule, the audit began on April 1 with the Life and City-Friendly Bureau, followed by the Economy-Friendly Bureau, Life and Welfare-Friendly Bureau, Audit Office, Life Safety Office, Citizen-Friendly Bureau, Administrative Support Bureau, Dong Resident Centers, the Council, and the Health Center. On the final day, April 30, a settlement audit review meeting is scheduled to be held.

Chief audit committee member Go Mun-sik stated, “Since the district's finances are gathered from the precious taxes of residents during difficult times, we must carefully examine whether they have been managed soundly and efficiently. We encourage what has been done well and demand correction and improvement measures for what has been done poorly, conducting the audit to establish proper financial management.”