FINANCE COMMITTEE
 
   
The List of Members of Finance Committee:
01 Prof.Jogan Shankar, Vice-Chancellor Chairman
02
The Secretary to Government in charge of Finance Department
Member
03 The Secretary to Government in charge  of  Higher Education Member
04 The Secretary to Government in charge of Planning Department Member
05 Sri C.G,Pathappa, Syndicate Member Member
06 Prof.H.S.Bhojya Naik , Registrar Member
07 Prof. Raja Nayak, Registrar(Evaluation) Member
08 Prof. Hiremani Naik R, Finance Officer Member Secretary
1 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
2. The Finance Committee shall meet at least once in three months.
3. 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
4. Notwithstanding 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
5. Provided that such expenditure shall be placed before the Finance Committee for ratification at its immediate next quarterly meeting
6. 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.
7. Where the votes on any subject considered by the Finance Committee are equally divided, the Vice-chancellor shall have the casting vote.




     

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