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Does the CFO have real power? ?
Let's see what power the director of the Finance Bureau has. The important functions of the Finance Bureau are to assume the responsibility of fiscal revenue and expenditure management at all levels in the county, organize the preparation and implementation of fiscal planning, participate in the formulation of fiscal decisions and policies, exercise financial supervision over financial institutions, manage fiscal bills, manage treasury cash, coordinate the management systems and methods of state-owned assets in administrative institutions, undertake and supervise the financial allocation of economic development expenditures and government investment projects, and implement the financial management of relevant policy subsidies and special reserve funds. Simply put, the function of the CFO is related to "money". Under normal circumstances, the director of finance is the right-hand man of the county magistrate, and only a person who is particularly trusted can serve as the director of this bureau.

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The heads of these important departments such as finance, development and reform have real power. Although the financial expenditure needs to be signed by the county magistrate or deputy county magistrate, the director's opinion is still very weighty, especially tens of thousands of small funds. No county magistrate will object to the financial expenditure arrangement of the finance director, unless it is a major or sensitive project.

Legal basis: Administrative Punishment Law of the People's Republic of China Article 1 This Law is formulated in accordance with the Constitution in order to standardize the establishment and implementation of administrative punishment, ensure and supervise the effective administration of administrative organs, safeguard public interests and social order, and protect the legitimate rights and interests of citizens, legal persons or other organizations.