The Syndicate shall, on the recommendation of the Vice Chancellor, appoint a Treasurer in such manner and on such terms and conditions as may be prescribed.
The Syndicate shall not appoint a person as Treasurer unless the person possesses the prescribed qualifications and experience. The Treasurer shall be the chief financial of the University and shall:
(a) manage the assets, liabilities, receipts, expenditures, funds and investments of the University;
(b) prepare the annual and revised budget estimates of the University and present the estimates to the Syndicate;
(c) ensure that the funds of the University are spent according to the budget or any other special arrangement;
(d) ensure that the accounts of the University are audited annually and are available for submission to the Syndicate within six months of the end of a financial year; and
(e) perform such other functions as may be prescribed or assigned to Treasurer by the Syndicate.
The Treasurer shall hold office for a term of three years.