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The List of kuvempu Members of Finance Committee

  Name Designation  
  Vice-Chancellor Vice-Chancellor Chairman
  The Secretary The Secretary to Government in charge of Finance Department Member
  The Secretary The Secretary to Government in charge of Higher Education Member
  The Secretary The Secretary to Government in charge of Planning Department Member
 
  Registrar Registrar Member
  Registrar(Evaluation) Registrar(Evaluation) Member
  Finance Officer Finance Officer Member Secretary
Section 32(1)(v) Sri. Shivakumar M Bhadravathi, Shivamogga. Member
Section 32(1)(vi) Sri. Kumaregowda Chikkamagaluru Taluk & Dist. Member

The Finance Committee shall consist of the following Members, namely

  • i The Vice-Chancellor
  • ii The Secretary to Government in charge of Finance Department or his nominee not below the rank of a Deputy Secretary
  • iii The Secretary to Government in-charge of Planning Department or his nominee not below the rank of a Deputy Secretary
  • iv The Secretary to Government in-charge of Planning Department or his nominee not below the rank of a Deputy Secretary
  • v One Member nominated by the Syndicate
  • vi One Member nominated by the Academic Council
  • vii The Registrar
  • viii The Registrar(Evaluation)
  • ix The finance Officer, Member-Secretary

The Finance Committee shall meet at least once in three months.

The Finance Committee shall perform the following functions, namely

  • i To conduct the general scrutiny of accounts of the University, review the yearly audit reports and make recommendations thereon
  • ii To scrutinize the annual budget estimates and make recommendations to the Academic Council and Syndicate
  • iii To scrutinize all proposals of the University involving expenditure for which no provision is made in the budget or involving the expenditure in excess of the amount provided for in the budget including creation, up-gradation and abolition of posts in the University
  • iv Such other functions as may be prescribed by the Statutes

Not with standing anything contained in sub-section (3) the vice-chancellor may in case of urgency and for reasons to be recorded in writing, incur without the approval o the Finance Committee, any expenditure not exceeding fifty thousand rupees in any one case for which no provision is made in the budget or which is in excess of the provisions made in the budget

Provided that such expenditure shall be placed before the Finance Committee for ratification at its immediate next quarterly meeting

Provided further that if the incurring of expenditure by the vice-chancellor is not satisfactory, the Finance Committee may refer it to the Chancellor, whose decision in the matter shall be final.

Where the votes on any subject considered by the Finance Committee are equally divided, the Vice-chancellor shall have the casting vote.