West Bengal Report-IPAI.pdf - Sarva Shiksha Abhiyan

66(vii) The Mission did not charge depreciation on fixed assets at applicablerates in pursuance of mercantile system of accounts.(viii) Funds released by GOI and State Government were being deposited insavings accounts of banks and the unspent balances at each levelremained in the savings accounts. Substantial amounts of interest were,thus, being earned on balances lying in banks. Interest so earned wasbeing treated as miscellaneous income and was being added to creditbalance. The functionaries were spending this amount of interest inaddition grants received from GOI and State Government. No specificinstruction appeared as having been issued regarding the specificpurposes for which interest earned was to be utilized or whether thesame was to be adjusted against future budgetary release. Since separatefund was released for each intervention, the functionaries should nothave utilized interest thus earned. The amounts of interest earned by theState Society in respect of SSA accounts were Rs.1,066.60 lakh in 2005-06,Rs.620.15 lakh in 2006-07 and Rs.734.82 lakh in 2007-08.(ix) Discrepancies were noticed between the figures of previous years’closing balances of current liabilities and provisions and the next year’sopening balances of the SSA Accounts as given below(Rupees in Lakh)Year Opening balance Closing Balance Difference2005-06 36,14,87,879.002006-07 20,34,92,260.00 11,03,29,751.57 15,79,95,619.002007-08 5,01,72,443.00 14,56,40,419.41 6,01,57,308.57(x) There were discrepancies between the bank balances as per cash booksof SSA in the State Project Office and those as shown in the BalanceSheets of SSA in respect of the State Project Office as given below :