ECONOMIC DIRECTORATE

Brief description

The Economic Directorate is the structure within the specialised apparatus of the Mayor of the Municipality of Ploiești, with a central role in the administration, management and efficient use of the financial resources of the municipality. The Economic Directorate ensures the substantiation and drafting of the local budget, coordinates its execution and oversees compliance with legal provisions on financial and budgetary discipline, in order to support the operation of public services and the implementation of the municipality’s investment programmes.

Through its activity, the Economic Directorate contributes directly to the implementation of the financial policies of the local public administration, to increasing transparency and to consolidating the sustainability of the budget of the Municipality of Ploiești, in compliance with the legislation and the Organisation and Functioning Regulation approved by Local Council Decision (Hotărârea Consiliului Local) no. 280/28.06.2024.

Mission and objectives

The mission of the Economic Directorate is to ensure rigorous and transparent management of local public funds, in the interest of the Ploiești community, by correctly applying legislation in the field of public finance, accounting and internal financial control.

Main objectives:

  • drafting and updating the local budget and the budgets of the public institutions subordinated to the Local Council of the Municipality of Ploiești;
  • monitoring budget execution and preparing the related financial documents;
  • ensuring financial discipline and the efficient use of resources;
  • carrying out payment, cashier and treasury operations;
  • managing funds for investments and projects financed from internal and external sources;
  • providing economic data and reports needed for executive and deliberative decisions.

Organisational structure

The Economic Directorate comprises the following services and departments:

  • Financial-Accounting Service – responsible for the accounting records of financial operations and for the preparation of monthly, quarterly and annual financial statements;
  • Budget-Loans Department – its main duties are the drafting, substantiation and execution of the local budget, monitoring the efficient use of financial resources, as well as managing loans contracted by the municipality to finance public investments.
  • Cashier Department – carries out all cash receipt and payment operations

Main duties

  • drafting the local budget and the documentation related to its approval by the Local Council;
  • monitoring the execution of the local budget and preparing the annual execution account;
  • preparing and submitting financial reports to the Ministry of Public Finance and other institutions;
  • managing payments and the related supporting documents;
  • carrying out preventive financial control activities and complying with legal requirements 
  •  maintaining institutional relations with D.R.G.F.P, the State Treasury, banking units, the Prahova County Council and other public or private entities.

Indicative legal basis

The activity of the Economic Directorate is carried out in accordance with the legal provisions in force, including:

  • Law no. 273/2006 on local public finance, as subsequently amended and supplemented;
  • Accounting Law no. 82/1991, republished, as subsequently amended and supplemented;
  • Order of the Minister of Public Finance no. 1917/2005 approving the Methodological Norms on the organisation and conduct of accounting for public institutions and the chart of accounts;
  • Law no. 500/2002 on public finance 
  • Order of the Minister of Public Finance no. 1792/2002 approving the Methodological Norms on the commitment, settlement, authorisation and payment of expenses of public institutions, as well as the organisation, recording and reporting of budgetary and legal commitments;
  • Government Ordinance no. 119/1999 on internal control and preventive financial control;
  • Government Ordinance no. 64/2007 on public debt, as subsequently amended and supplemented;
  • Order of the Minister of Public Finance no. 2861/2009 approving the Norms on the organisation and conduct of inventories of asset, liability and equity items; 
  • Order of the Minister of Public Finance no. 923/2014 approving the General Methodological Norms on the exercise of preventive financial control and the Specific Code of professional norms for persons performing internal preventive financial control;
  • Organisation and Functioning Regulation of the specialised apparatus of the Mayor of the Municipality of Ploiești, approved by Local Council Decision approved by Local Council Decision no. 280/28.06.2024.

Management

Executive Director: Alina Alexandra Popescu

Structure

CASHIER DEPARTMENT

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BUDGET, LOANS DEPARTMENT

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FINANCIAL – ACCOUNTING SERVICE

Head of Service: Manuela TĂRĂCILĂ

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