Finance Committee:
The Finance Committee will advise the Governing Body on financial matters and shall meet at least twice a year. It also serves as an advisory team, which would offer suggestions to the Governing Body to use the funds with discretion.
Finance committee should meet at least twice in a financial year. The meetings can be organized in the month of April and September of every year. The meeting in the month of April shall be the budget meeting for autonomy grant and in September in will be another budget meeting for autonomous fund created by the college through examination and other relevant fees.
Objective:
To ensure proper utilization of fund.
Composition of Finance Committee:
1. The principal (Chairman).
2. One person to be nominated by the Governing Body of the college for a period of two years
3. One senior-most teacher of the college to be nominated in rotation by the principal for two years.
4. Finance officer of the Institute.
Finance Committee Members:
S. No. |
Name of the Staff Member |
Designation |
Position |
|---|---|---|---|
1. |
Dr. I. Satyanarayana |
Principal |
Chairman |
2. |
Mr. L. Satyanarayana |
Sr. Administrative Officer, Sri Indu Group |
Governing Body nominated member |
3. |
Dr. R. Yadgiri Rao |
HOD H&S Department |
Senior-most teacher of the college nominated by principal |
4. |
Mr. K. Abhiram |
Accountant & Auditor |
Member |
5. |
Mr. E. Venkanna |
Accountant |
Member |
Functions of Finance Committee:
- Budget estimates relating to the grant received/ receivable from UGC, and income from fees, etc. collected for the activities to undertake the scheme of autonomy
- Audited accounts for the above.
- Monitor expenses incurred have budgetary provision recommend for approval financial proposals made by other committee’s with/with-out modification.
- Check that necessary formalities have been observed in incurring expenses.
- Check process bills of various heads placed for payment.
- Revision and reallocation of available funds for various heads if required.