Functions of the Cell
Scrutinizing annual accounts and financial estimates and submitting them to the governing body. Ensuring proper financial planning and management for the institution's smooth operation.
Budgeting & Expenditure Control
Fixing expenditure limits based on income and categorizing recurring and non-recurring expenses. Ensuring efficient allocation and control of financial resources.
Procurement & Vendor Management
Maintaining approval letters, calling quotations from approved vendors, and preparing comparative statements for procurement decisions. Placing purchase orders to obtain competitive prices.
Billing & Audit
Settling bills and submitting them for audit. Ensuring compliance with financial regulations and procedures for transparency and accountability.
Supervising the functioning of the stores, ensuring proper inventory management, and maintaining stock levels for efficient resource utilization.
Stores Accounts Management
Maintaining accounts for stores, including quantity and value records. Ensuring accurate tracking and reporting of inventory and assets.