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BUDGET COMMITTEE

BUDGET COMMITTEE

BUDGET COMMITTEE

ANNADA COLLEGE, HAZARIBAG

The Budget Committee is a supervisory and advisory body for the college administration on matters of planning, allocating and optimum utilisation the financial resources of college.

 

COMPOSITION

Budget Committee

1.

Chairperson

Principal (Ex-Officio)

Dr. Nilmani Mukherjee

2.

Vice- Chairperson

Prof-in- Charge (Ex-Officio)

Shri S. K. Buxi

3.

Co-Ordinator

Dr. Subhash Kumar

Head &Asst. Professor, Faculty of Commerce

4.

Member

Dr. Vishwa Ranjan

Asst. Professor, Faculty of Commerce

5.

Member

Dr. Shanindra Kumar

Head & Asst. Professor, Department of Political Science

6.

Member

Co-Ordinator, IQAC & Bursar (Ex-Officio)

Dr Barnango Banerjee

7.

Member

Accountant (Ex-Officio)

 

 

FUNCTIONS / RESPONSIBILITIES

1. To assess the income and expenditure of the college before initiating the process of preparing the annual budget.

2. To understand the principles of sound fiscal management of the college.

3. To identify the various heads of allocation and make budgetary provisions for the same.

4. To frame clear cut rules and guidelines for budgeting process and expenses.

5. To ensure that the college administration discharges its financial responsibilities correctly and the college remains financially viable at all times.

 

MISCELLANEOUS

Membership:       The membership of nominated members of the Budget Committee shall be for a period of two years from the date of notification.

 

Meeting:        The Committee should meet at least once in every quarter.

Quorum:               The quorum for the meeting shall be two-thirds of the total number of members.

 

Record Keeping:                The agenda, minutes and Action Taken Reports are to be documented with official signatures and maintained in a register and electronically in a retrievable format.

 

Reporting:            If required, a copy of the same will be submitted to the IQAC of the college for preparation of various reports of IQAC. And a soft copy of the same has to be submitted to the Principal (Administration) and to the Secretary (Management) of the institution.

 

 

 

 

 

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