GENERAL PRINCIPLES - Shivaji University

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iii)
iv)
The heads of account shall not be unnecessarily multiplied.
Normally no lump sum provision shall be provided for any service or scheme.
v) In the case of schemes financed by outside agencies either fully or partly, the
estimates shall indicate the sources and the estimated contribution.
vi)
vii)
New items which are approved and included in the budget shall be highlighted
by giving brief notes.
The budget estimates under detailed heads shall be rounded to the nearest
hundred rupees. Ordinarily, provisions amounting to Rs.50/- and above shall
be rounded to Rs.100/- and those below Rs.50/- shall be omitted.
viii) In regard to estimates of expenditure of each General Administration, Academic
Department and Auxiliary Service Unit shall be divided into two parts viz.
Capital Expenditure and Revenue Expenditure. Moreover, the subheadings
of Capital Expenditure and Revenue Expenditure shall be common as far as
possible.
ix)
The estimates of Construction or Renovation of building works shall be
divided into three sub-headings viz. Civil work, Electric work and Furniture
considering variations in the rates of depreciation on these items.
2.14 Revised Estimates :-
The revised estimates shall be prepared with reference to the actuals up to 31st
October and submitted to the Management Council through the Finance and
Accounts Committee in the following form along with the estimates for the ensuing
year.
(i)
(ii)
Major head, sub-head etc.
Budget estimates for the year.
(iii) Actual receipts / expenditure up to 31st October.
(iv) Probable receipts / expenditure for the remaining period of the year.
(v)
Revised Estimates for the year.
(vi) Estimated increase (+) or decrease (-) compared with original budget
estimates.
(vii) Reasons for revision / variation.
2.15 Reappropriation:-
(i)
The provisions incorporated in the Budget Estimates specify the limits for the
amounts of expenditure which can be incurred on the services or items
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