GENERAL PRINCIPLES - Shivaji University

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2.8 Vice-Chancellor shall have the right to re-appropriate the budget provisions, on
the recommendations of the Finance and Accounts officer. All the cases of reappropriation
shall be submitted to the Senate through Finance & Accounts
Committee and Management Council for its final approval, in the form of revised
budget provisions.
2.9 The University Budget is broadly divided into five parts, viz.
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Part I - Maintenance Budget - dealing with the receipts and expenditure
connected with the normal functioning of the University including general
administration, academic departments and auxiliary services.
Part II - Development Budget - dealing with the receipts and expenditure on
development activities in the University out of provisions from Depreciation
Fund and Research and Development Fund.
Part III - Salary Budget - dealing with the receipts and expenditure on
payment of salaries and allowances of the teachers, officers and employees
appointed in the University on the grantable posts.
Part IV - Agency Scheme Budget - dealing with the receipts and expenditure
against funds received from the UGC, Government of India, State Government
and other Recognised Institutions earmarked for specific purposes.
Part V - Debts Heads - dealing with the receipts and expenditure relating to
debts, deposits, advances and funds, other than those mentioned in parts I
to IV above.
2.10 The Budget shall contain -
i) An Introductory Note or general remarks at the beginning which shall explain
salient features of the items provided.
ii)
iii)
Budget at a glance.
Budget Abstract.
Budget will be made available preferably in the electronic form (CD/intranet/
internet). In case hard copy is required by a Senate Member, who applies
under his signature, it shall be supplied to the applicant.
2.11 The Budget shall contain separate columns for -
i) Code Number according to Unique Coding System.
ii)
iii)
Classification of Receipt/Expenditure according to heads of accounts including
sub-heads.
Actuals for the previous one year.
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