Item:EC:22:2016:29 To consider the allotment of Budget to Centres for the financial year 2016-17. NOTE:
The Finance Committee in its 15th meeting held on 26th September 2016, vide Item:FC:15:2016:4 considered the proposed Centre-wise budget allocation for the financial year 2016-17 as placed at Annexure-22.6.
The Finance Committee advised that the appropriation of the budget is the prerogative of the Vice Chancellor. The format for allocation of the budget to Centres should be strictly as prescribed by the UGC. The budget heads like salaries, LTC claims which cannot be allocated to individual Centre must be kept in a Centralized budget.
Delegation of Financial Powers should be strictly followed as per the Financial Rules. The department wise purchase of amount less than 15,000/- should not be further split into multiple of such purchases.
The Finance Committee, after due discussion, RESOLVED to approve the allotment of Centre-wise Budget to individual Centres for the financial year 2016 with suggested amendments.
The Executive Council may like to consider to approve the allotment of Centre-wise Budget to individual Centres for the financial year 2016-17 as recommended by the Finance Committee vide Item: FC:15:2016:4 in its 15th meeting.
