FINANCE & PURCHASE COMMITTEE

Establishment

The Finance & Purchase Committee represents the Principal on all financial matters of the College. The Principal shall inform and consult with the Finance & Purchase Committee on the construction and implementation of the College budget. The college Finance & Purchase Committee shall review funding, allocations, and expenditures of the College and report to the Management every academic year.

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Objectives

The Finance & Purchase Committee is responsible for all matters relating to the financial affairs of the institution encompassing the areas of s financial planning, financial monitoring and policy related issues and to provide timely advice to Management on areas within its remit.

• To ensure proper utilization of fund.
• To ensuring proportionality, transparency, accountability and fairness in the purchasing process
• To submit the reports to the Management.

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Coordinators

S.No	Name of Member	Designation	Role
1	Dr. M. Madhavi	Principal	Chairman
2	Dr. Ch. Satish Kumar	Professor	Coordinator
3	Ch. Kameshwar Acharya	Accountant	Member

 

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Roles and Responsibilities

• Preparation of budget of the college for the year.
• Estimation of tuition fee, student expenses fee to be collected.
• Preparation of schedule of fee payment.
• Obtaining and verification of quotations for the purchase of stationary, equipment, furniture and others.
• Submission of purchase requirements.
• Ensure that expenses incurred have budgetary provision
• Maintenance of relevant records