Gumi City Council Vows to “Enhance Financial Transparency”

Appointment of 2025 Fiscal Year Settlement Audit Committee
Composed of Seven Legislative Veterans and Financial Experts
Strict 20-Day Audit Begins on April 22
Settlement Audit Marks the Completion of Policy Planning
Careful Examination to Prevent Waste of Citizens’ Tax Money

On April 9, the Gumi City Council in North Gyeongsang Province held an appointment ceremony for the 2025 fiscal year settlement audit committee in the council chairman’s office, marking the beginning of efforts to strengthen the transparency and accountability of Gumi City’s financial management.

The members of the 2025 fiscal year settlement audit committee were appointed during the second plenary session of the 294th Gumi City Council extraordinary meeting, signaling the start of their official activities. The committee consists of a total of seven experts, including Chu Eunhee, the chief committee member (city councilor), as well as councilor So Jinhyuk, former councilors Kim Jeonggon and Kim Sunghyun—legislative experts—and former civil servant Kim Chabyeong, certified public accountant Bae Il, and tax accountant Jeong Sungjae, all of whom possess sharp insights into administrative and financial affairs.

Photograph after the appointment ceremony of the 2025 fiscal year audit committee members / Photo by Kim Ihwan

The settlement audit committee members will, over a 20-day period from April 22 to May 11, examine and analyze whether the budget was properly executed, assess the efficiency of financial management, and identify instances of waste, all in accordance with local finance laws and accounting procedures. They will then compile their findings into a settlement audit report.

The settlement serves as an indicator for evaluating the outcomes of the city’s policies by confirming revenue and expenditures for the fiscal year. In particular, the results of this audit will be used as fundamental data for next year’s budget planning, serving as a guide for the sound financial management of Gumi City.

Council Chairman Park Kyosang expressed deep gratitude to the appointed committee members for taking on such important responsibilities despite their busy schedules. He emphasized, “If budget deliberation is the ‘blueprint’ that charts the course of policy for the year, then the settlement audit is the ‘period’ that confirms those goals have been fully achieved.” He further urged the committee to “thoroughly and transparently examine whether citizens’ precious tax money has been used appropriately and efficiently.”

This content was produced with the assistance of AI translation services.