To forecast the revenue and expenditure based on the previous years budget utilization and audit balance sheet.
To help in preparation of budgets as per the requisition from the HODs.
To scrutinize the budget
To suggest any revisions in the submitted budget.
To approve the final budget.
To communicate the budget allocations to the respective departments.
To submit the final budget to the finance committee for the approval.
To evaluate the budget utilization after the financial year.
Responsibilities
Chairman – To approve the budget and recommend any changes based on income and expenditure.
Co-Ordinator – To review the previous year budget and audited balance sheet and accordingly prepare the draft budget. Based on the income, the revised budget is drafted for approval. To prepare the budget v/s expenditure statement after the financial year to evaluate the utilization.
Members – To submit the budget requisition of their department.
Principal – To table the budget in the governing council for the final approval.
