Gangjin County Council Appoints Audit Committee Members for Fiscal Year 2022

Representative Member Wi Seong-sik Takes Lead... Begins 20-Day Settlement Audit

Gangjin County Council (Chairperson Kim Bomi) appointed the settlement inspection committee members to conduct the inspection of the 2022 fiscal year revenue and expenditure settlement on the 5th.

According to the County Council on the 6th, the settlement inspection committee consists of a total of seven members: two county council members (Wi Seongsik, Yoon Yeongnam), one tax accountant with extensive experience and expertise in finance and accounting (Kim Hongsik), and four former public officials (Park Jaeryong, Lee Donggeun, Jo Sangeon, Baek Namtae). Council member Wi Seongsik was elected as the representative of the settlement inspection committee.

Appointment of Audit Committee Members for Fiscal Year 2022 Settlement Inspection
[Photo by Gangjin County Council]

The settlement inspection will be conducted over 20 days from the 6th to the 25th. The committee members will focus on reviewing the 2022 fiscal year revenue and expenditure settlement, bond and debt settlement, performance reports, the appropriateness, efficiency, and legality of financial management, and any budget waste. They will propose improvement directions for the identified issues and submit the inspection opinion report to the county governor so that the results can be reflected in future budget formulation and execution.

Chairperson Kim Bomi urged the settlement inspection committee members, “The settlement inspection summarizes the revenue and expenditure results of one year, and it is a very important role and authority of the council. Through a thorough inspection of the executive branch’s overall financial management, please present many policy alternatives so that our county’s local finances can become stronger and operate more efficiently.”

Representative Wi Seongsik and the settlement inspection committee members stated, “We will carefully examine whether the budget approved by the council was executed legally and efficiently according to its original purpose, and we will do our best to ensure the financial soundness of our county.”