Policy Circulars 2004 - yashada

YASHADA POLICY CIRCULAR
Policy Circular No
File No.
FA-Allocation of expenditure/2004
P- 13 of Financial Advisor
Subject:
Principle for allocation of expenditure for
YASHADA's financial transactions.
Effective from 01/04/2004
Circulated for Information of
All HoDs, Faculty & Staff of YASHADA
Background
In pursuance of BoG's decisions in XXXllnd meeting, there is sizable increase in
YASHADA's activities due to undertaking independent projects and sponsored courses.
Those activities are generating revenues for YASHADA, similarly resulting in the
expansion of various activities of YASHADA, e.g., hiring of manpower, expanding
infrastructure, increase in number of Research Projects, purchases of various material &
amenities. Under such circumstances it is desirable to monitor of "the Financial'
Transactions of YASHADA. Closely. The proper accounting procedures will adequately
indicate the efficiency, self sufficiency of various Projects and Sponsored courses,
dependability on government grants. Therefore proper Allocation of Expenditure would
help YASHADA to ascertain its preparedness for achieving full financial autonomy.
2. Principles
It is therefore decided to lay down the principles for allocation of expenditure in
YASHADA's various accounts. These are described below.
2.1 Government Grants
2.1.1 Receipt - All central & state government grants, general and purposive.
2.1.2 Expenditure - Expenditure befitting government norms, regulations, standard
conventions, economy measures.
This would include YASHADA's traditional expenditure and expenditure
incurred for salary and establishment of post sanctioned and approved by the
government of Maharashtra.
2.2 Project & Sponsored courses
2.1.1 Receipt - Project finance, course fees of sponsored courses, project & course fee
surplus of current year.
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