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IDEAL COLLEGE OF ARTS & SCIENCES AUTONOMOUS | NAAC GRADE A AFFILIATED TO ADIKAVI NANNAYA UNIVERSITY RAJAMAHENDRAVARAM, KAKINADA

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Statutory Committee

Finance Committee

Finance Committee reports from the official Ideal College source page are presented with the current committee structure, operating guidelines, functions and meeting minutes.

10 FCR Records
4 Committee Members
2014-25 Minutes Archive
Committee Constitution

Members

01

Dr. S. Suresh Kumar, Principal

Chairman

02

Dr. Ganta Grace, Prof./MBA

Member

03

Dr. Francis Luther King M, Prof./MECH

Member

04

Mr. K. Venkatesh Babu, Chief Accountant

Member

From Source Page

Finance Committee Reports

Guidelines and Functions

Committee Role

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 required.
  • All decisions of the Finance Committee should be forwarded to the Governing Council for approval.

Functions

  • Place the annual accounts and financial estimates before the Finance Committee for scrutiny, then submit them to the Governing Body with committee comments for approval.
  • Estimate income from fees and other sources.
  • Estimate funds received from UGC, AICTE or any other funding agency.
  • Scrutinize budgets submitted by departments and monitor department budget utilisation.
  • Propose the budget for the financial year for the departments and the institute.
  • Consider audited accounts of the institute and submit them to the Governing Body for approval.
Meeting Minutes

Finance Committee Minutes