Finance
It is one of the most important sections of the University and is headed by a Finance Officer. It consists of several sub-sections shown in the following block diagram:
Receipts:
- Plan
- Maintenance grants from State
- Government
- Grants from UGC, New Delhi
- Assigned
- Non-assigned
- Fees
- Examination
- Academic
- Others
- Non Plan
- Extramural Sources
- UGC
- DST
- MPCST
- CSIR
- Others
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Payments
- Staff salary
- Running of School of Studies
- Examinations remuneration
- Sports (Organization & Participation)
- Maintenance of buildings & campus
- Laboratory Consumables & Non-consumables
- Security
- Hostels
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Budget:
It is the mirror of all financial transactions made by the University. It is prepared annually. It reflects all receipts, payments of the University. It also shows all dues and deficits.
Planning:
Fixes up priority of heads of expenditures.
Makes decision on short term and long term fixed deposits.
Advances:
All advances are pre-audited. Advances are given for both, staff & student welfare activities.
Staff welfare
Home building loan
Vehicle loan: Car, Scooter
Medical Advance & Allowances
Festival & Grain Allowances
Aprons & Liveries |
Student welfare
Hostels (boys & girls); PG & Research Scholars)
Health center: free medicines for students
Scholarships for PG, M.Phil., Ph.D. students
Library: Procurement of books & journals
Laboratories: for both Science & Social Science
Computer facilities for all School of Studies
Play ground facility, Gymnasium & Stadium |
Development/Grants:
Sustenance of development activities by the Grants received from UGC, State Government, Other extramural finding agencies and also from savings on university fees.
- Construction of buildings
- Construction of road
- Boundary wall
- Residential quarters
- Electricity & Water
- Sanitary facility
- Watches all receipts of fees & other dues from the affiliated colleges (about 180)
Adjustment:
- Adjustment of advances
- Examination center advance
- Games
- TA
- Others
- Maintaining accounts of all receipts & payments.
- Issue of utilization certificates for all grants received from funding agencies.
- Receipts and payments of 7 self-financing courses are maintained.
- Proper utilization of University Fund.
- Audit:
- Compliance of annual audit reports.
- Arranging meetings of finance committees.
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