West Bengal Report-IPAI.pdf - Sarva Shiksha Abhiyan

64NPEGEL and KGBV separately without consolidating the same in onefinancial statement and Accounts.(ii) As per the format for Income and Expenditure Account as in Annexure-XX, funds received from GOI and State Government as well as interestand balances at districts were to be taken as ‘Income’ and expenditureon various interventions to be booked as ‘Expenditure’. However, in theconsolidated Income and Expenditure Accounts for the years ending 31March 2006, 2007 and 2008, expenditure against various interventions(excluding expenditure for civil works) was charged against ‘Interest’and ‘Other Miscellaneous Income’ which were only treated as ‘Income’.Funds released by GOI and State Government were treated CapitalReceipts and credited to ‘Capital Fund’. During the years 2005-06, 2006-07 and 2007-08, ‘Bank Interest’ and ‘Misc. Income’ of Rs.1066.61 lakh,Rs.639.16 lakh and Rs.954.65 lakh respectively were credited to Incomeand Expenditure Accounts for SSA and expenditure on differentinterventions amounting to Rs.23114.97 lakh, Rs.3692.05 lakh andRs.40,104.32 lakh respectively were charged to the accounts whichresulted ‘Excess of Expenditure over Income’ in respective years.Had the grants intended for revenue expenditure been taken to Incomeand Expenditure Accounts, the accounts would have exhibited Excess ofIncome over Expenditure.(iii) Though Para 103.1 of MFM & P required that the Balance Sheet, theReceipt and Payment Account and Income and Expenditure Accountshall be prepared in the prescribed format incorporating the current aswell as the previous years figures, the Balance Sheet and Accountsprepared by the SPO in tabular form did not incorporate the previous