OUR DUITIES – Finance Department

BANK OPERATIONS

To make and follow account opening and closing Works with banks on behalf of IMM
Performing ad following up the necessary Works and transactions for the determination and evaluation of Daily balances in banks and determining the cash that can be used daily and presenting it to the top management.
To follow up the evaluation processes of the remaining deposits in the bank accounts.
To make the necessary correspondence regarding transfers between accounts
Daily checking and monitoring of bank statements so that checks, transferring orders or payment orders issued by the Directorate of Expenditures do not cause overpayment.
Receiving the current balances at the banks as of the end of the year, accounting for year-end interest accounts and transferring them to the next year in order to carry out the transactions of the bank accounts
Receiving Daily collection and payment receipts from banks and submitting them to the relevant units for control and follow-up
Follow up the money transferred to municipal accounts by institutions as Ilbank, Ministry of Treasury and Finance etc.
Preparing first and/or second degree signatory authorization circulars and notifying the relevant banks or authorities in case of leave, change of duty or power of attorney.

To carry out preliminary studies such as necessary permits and research regarding all kinds of domestic and foreign borrowing transactions and finalize the works related to domestic and foreign borrowing.
Realizing the principal disbursement of domestic and foreign borrowings and repayment principal, interest etc. related to these borrowings. To prepare all kinds of information, documents regarding them and to send them to the relevant institutions or organizations.
Analysing the foreign project loans, domestic borrowing and other financing instruments to be provided by the IMM and its companies from national and international rating institutions.
Receiving the foreign currency needed for foreign loan payments
To fulfill other duties and responsibilities given by the laws regarding domestic and foreign borrowing
Performing other duties assigned by the Mayor, the Secretary General or the relevant Deputy Secretary General and the Head of Department.
Carrying out transactions regarding borrowing and lending money from its affiliates
Carrying out the movable property transactions within the scope of the Movable Property Regulation of the Directorate

Making the necessary financial analyses in coordination with other relevant units on how the budget deficit will be met or how to budget surplus will be evaluated according to the budget results of the IMM.
Preparation and analysis of the necessary financial statements in line with the realized or estimated income and expense figures of the IMM.
Making budget of Directorate.

To make accounts works and analyses separately daily and monthly related to TL and foreign currency accounts on various banks of IMM.
Accounting with calculation on foreign currency which is in foreign currency account on banks
Making analyses and reconciliation on accounts between banks and IMM and completion of deficiencies
Making year-end transfers

Following up confiscations which has came on IMM accounts and giving information related Directorates and Legal Advisor
Notifying the bank branches of the letters received from the enforcement offices
Keeping lien correspondence and other documents related to executive correspondence

Determining the basic standards regarding the risk management system and the level of financial risk, establishing risk limits, performing stress and scenario tests, implementing actions, reporting and updating

To follow up and making needed transactions for cash and non-cash guarantees giving on behalf of IMM
To follow up transactions regarding the securities to be given affiliates and its companies on behalf of IMM

Carrying out the works to have the Municipality’s credit rating done by international credit rating agencies (S&P, Moody’s, JCR, Fitch, etc.)