The Finance Officer

(1) The Finance Officer shall be a full time officer of the University and shall be appointed among the officers from the State Government, by the Government. (2) The salary and allowances and other conditions of service of the Finance Officer shall be such as may be prescribed by the Government. (3) He shall manage the property and investments by the University. He shall advise the Vice-Chancellor in all matters pertaining to financial policy. He shall be responsible for the proper maintenance of accounts of the University, including the preparation of the annual financial estimates and annual accounts and the balance sheet. (4) He shall ensure that no expenditure not authorised in the financial estimates as approved by the Government is incurred by the University and he shall not allow any expenditure which is not sanctioned by the competent authority. (5) The Finance Officer shall be responsible for presenting the budget (annual estimates) and the statement of the accounts to the Executive Council and also for drawing and disbursing funds on behalf of the University. (6) The Finance Officer shall have the right to speak in and otherwise to take part in the proceedings of the Executive Council but shall not be entitled to vote. (7) The Finance Officer shall have the following duties:- a) To ensure that no expenditure, not authorized in the budget is incurred by the University otherwise than by way of investment; b) to disallow proposed expenditure which may contravene the provisions of this Act or the terms of any Regulations; c) to ensure that no other financial irregularity is committed and to take steps to set right any irregularities pointed out during audit; d) to ensure that the property and investments of the University are duly preserved and managed.