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NAAC Reaccreditation Report - Pillai College of Arts, Commerce ...

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Vice Principal can be directly approached .No appointment is necessary.<br />

There is suggestion/complaint box located at first floor.<br />

Registrar is located in the ground floor who is always available to attend<br />

enquires.<br />

Co-ordinators <strong>of</strong> each programme can be approached for information relating to<br />

students.<br />

Enquiry counter attached to Vice Principalís <strong>of</strong>fice is open from 11.00 a.m.<br />

6.5 FINANCIAL MANAGEMENT AND RESOURCE<br />

MOBILIZATION<br />

6.501 BUDGETARY FOR ACADEMIC AND ADMINISTRATIVE<br />

ACTIVITIES (Including Maintenance)<br />

We have budgetary provisions for all administrative and academic activities<br />

Refer to annexure (A-6)* for Annual Budgets<br />

6.502 OPTIMAL UTILIZATION OF BUDGET:<br />

Budgetary provisions are made use <strong>of</strong> for administrative and academic activities.<br />

Academic activities are given an equal weightage considering that all our courses are<br />

self-financing and hence self maintained except for one division <strong>of</strong> B.Com. which<br />

receives grant from University Grants Commission.<br />

Budgetary provisions are utilized for:<br />

Infrastructure maintenance and development<br />

Upgrading the existing institutional system<br />

Augmentation <strong>of</strong> library and laboratories.<br />

Introduction <strong>of</strong> new and relevant technology<br />

Improving the basic facilities provided to students and teachers<br />

Salary for staff<br />

Providing financial aid to needy students and staff<br />

Staff welfare measures<br />

Gymkhana and other studentsí facilities<br />

To be prepared for unexpected and emergency situations<br />

Social activities and society welfare<br />

Most importantly budgetary provisions are utilized for the expansion<br />

<strong>of</strong> MES in terms <strong>of</strong> both quality and quantity.<br />

6.503 MONITORING FINANCIAL MANAGEMENT PRACTICES THROUGH INTERNAL<br />

AUDIT FINANCIAL PLANNING, BUDGET ALLOCATION, AUDITING<br />

Financial planning is done at the start <strong>of</strong> each financial year. Budget planning is<br />

based on:<br />

Previous yearís income-expenditure details<br />

Anticipated expenditure for the coming financial year.<br />

Early phase tax planning helps the institute to be up to date and on time with<br />

respect to tax payment.

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