Finance Committee

As per the guidelines of UGC, the finance committee of our college is constituted with the following Faculty members

S.No	Name of the Member	Category	Role
1	Dr. S. Suresh Kumar	Principal	Chairperson
2	Dr. N.G.S. Prasad, Professor, MBA Dept.,	Nominated by GB	Member
3	Mr. K. Venkatesh Babu, Chief Accountant	Nominated by GB	Member
4	Dr. R. Lalitha Narayana, Assoc.Prof, Mech	Senior Faculty	Member

 

Guidelines

• The Finance committee will function as per the guidelines of the Governing Council
• The Finance committee should meet twice in a year or whenever is required
• All the decisions of Finance committee should be forwarded to the Governing council for approval.

Functions:

• The annual accounts and financial estimates of the Institute shall be placed before the Finance Committee for scrutiny and thereafter submitted to the Governing Body together with the comments of the Finance Committee for approval.
• Estimates the income from fees and other sources
• Estimates the fund received from UGC/AICTE/any other funding agency
• Scrutinizes the budget submitted by the different depts. and monitor the utilization of the department’s budget.
• Proposes the budget for the financial year for the departments and the institute.
• To consider audited accounts of the Institute and submits the audited accounts to Governing Body for approval.