To discuss, plan, guide and regulate income and expenditure of College of Nursing.
Composition of Finance Committee
Chair Person |
: Fr. Julious Arakkal CMI |
Convenor |
: Dr. Rajee Reghunath |
Members |
: Mr. Franco Joseph, CFO |
|
: Mr. Jackson James |
Secretary |
: Mr. Leo Jacob |
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Frequency
Once in 6 months
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Date of Meeting
First Saturday
Functions
- The Finance Committee prepares the budget for every academic year, as per the requirements of the departments on priority basis.
- All the purchases are approved by the Finance Committee.
- Accounts are maintained by the Head Accountant and the Principal is accountable for all the financial transactions.
- The Finance Committee evaluates the requirements of the college and prepares a budget for the allocation of funds. This is submitted to the College Council for approval and subsequently implemented by the Director.
- Conduct of internal and external financial audit.
- Preparation of evidence documents for budgetary allocation and audited statements.
- Monitors the resource mobilization and utilization.