Finance and Accounts

No :  825-1025/FDO                                                                                                                                                                          Dated : 20-02-2015

Subject:-      Submission of bills for payment under Non-Plan budget for the Financial year 2014-15.

Dear Sir/Madam,

    This is in continuation  to this office circular No. 2461-2700/A1 dated 10.02.2014 and 26.12.2014.  While conveying the approved budget provisions for the Financial Year 2014-15,  it was informed that the pace of expenditure should be such that the expenditure in the last quarter of the Financial Year should not exceed 33% with the further stipulation that the total expenditure in the month of March should not exceed 10% of the provisions sanctioned in the Non-Plan budget.  

         It is further informed that as per the requirement of the Government, the annual statement of account of Non-Plan budget is to be submitted immediately after the close of the financial year to enable the Government to process the release of funds to the University.  Therefore, it becomes imperative on the part of the University that all the bills pertaining to current Financial Year must be submitted in time and accordingly account can be closed on 31st March itself.

          In view of the position explained above, you are requested to submit all the bills pertaining to the current Financial Year under Non-Plan budget on or before 5.3.2015 except electricity, telephone and other similar periodical payments.  No request shall be entertained for extension of date for submission of bills.  Any bill received after 5.3.2015 shall be processed out of the budget of next financial year i.e. 2015-16.

Thanking you,

Yours sincerely,

 Sd/-

Finance and Development Officer