Functions and duties of Chief Finance and Accounts Officer

The Chief Finance and Accounts Officer shall perform the following functions and duties, namely:- (i) to act as Member Secretary of the Finance Committee; (ii) to maintain proper accounts of the receipts and expenditure of the University; (iii) to prepare Statement of Annual Accounts of the University for placing before the Board and the State Government; (iv) to arrange for annual audit of the University accounts by a registered Chartered Accountant/statutory Auditor and make available to the Auditor(s) all necessary information and records; (v) to review the accounts of the University and prepare the replies to all the audit objections; (vi) to give his opinion or advice on such financial matters as may be referred to him by the Board, the Chairperson, or the President; (vii) to keep a constant watch on the state of the cash and bank balance and on the state of investments; (viii) to prepare the annual budget and estimates for the forthcoming financial year in consultation with the Finance Committee; (ix) to ensure that the registers of buildings, land, furniture and equipment are maintained up-to-date and that stock-checking is conducted, of equipment and other consumable materials in all offices, Departments; etc. and (x) to call for any information from any office, Department that he may consider necessary for the performance of his duties with the permission of the President. (xi) to perform such other duties as may be prescribed by the Statutes, the Ordinances and Rules and Regulations of the University.