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Functionalities |
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| As per
the Maharashtra Universities Act, 1994 the
duties of the Finance and Accounts Officer
shall be to - |
- exercise general supervision over
the funds of the university, and shall
advise the Vice-Chancellor as regards
the finances of the university;
- hold and manage the funds, property
and investments, including trust and
endowed
property, for furthering any of the
objects of the university;
- ensure that the limits fixed by the
university for recurring and
non-recurring
expenditure for a year are not exceeded,
and that all allocations are expended
for the purposes for which they are
granted or allocated;
- keep watch on the state of the cash
and bank balances and of investments;
- keep watch on the progress of
collection of revenue and advise the
Vice-Chancellor
on the methods to be employed for
collection;
- have the accounts of the University
audited regularly;
- ensure that the registers of
buildings, land, equipment and machinery
are
maintained up-to-date and that the stock
taking of equipments and other
consumable materials in all offices,
[conducted college], workshops and
stores of the university is conducted
regularly;
- propose to the Vice-Chancellor that
explanation be called for unauthorized
expenditure or other financial
irregularities from any academic member
of university;
- propose to the registrar that
explanation be called from any
non-academic member for unauthorized
expenditure or irregularities in any
particular case, and recommend
disciplinary action against the persons
at fault;
- call for from any office centre,
laboratory, [conducted college],
department of the university or
university institution, for any
information and returns that he thinks
necessary for the proper discharge of
his financial responsibilities; and
- exercise such other powers, perform
such other duties, and discharge such
other financial functions as are
assigned to him by the Vice-Chancellor
or are prescribed by the Ordinances.
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