rani lakshmi bai annual accounts & audit report · 2017. 4. 7. · rani lakshmi bai central...
TRANSCRIPT
-
Rani Lakshmi Bai Central Agricultural UniversityNear Pahuj Dam, Gwalior Road,
Jhansi 284 003
Rani Lakshmi Bai Central Agricultural University, Jhansi
Annual Accounts & Audit Report
FINANCIAL YEAR 2014-2015
-
Lasertypeset by M/s Print-O-World, 2579, Mandir Lane, Shadipur, New Delhi 110 008 and Printed at M/s Chandu Press, D-97, Shakarpur, Delhi 110092.
-
Sl. No.
Particulars Page No.
Annual Accounts of RLB Central Agricultural University, Jhansi for the year 2014-15
1. Balance Sheet as on 31.03.2015 3
2. Income & Expenditure Account for the year ended on 31st March, 2015 4
3. Schedule forming Part of Balance Sheet as on 31st March, 2015(Schedule 1 to 7)
7-15
4. Schedule forming Part of Income and Expenditure Account for the year ended on31st March, 2015 (Schedule 8 to 22)
16-31
5. Schedule forming Part of Accounts (Schedule 23 & 24) 35-37
6. Receipts and Payments Account for the year ended on 31st March, 2015 38
7. Audit Report on the Accounts of RLB Central Agricultural University, Jhansi (U.P.) for the year 2014-15
42
CONTENTS
-
RANI LAKSHMI BAI CENTRAL AGRICULTURAL UNIVERSITY, JHANSI
SCHEDULES FORMING PART OFBALANCE SHEET AS ON 31ST MARCH, 2015
-
3
Sd/
-S
d/-
Vic
e C
hanc
ello
rF
inan
ce &
Acc
ount
s O
ffice
r
RA
NI L
AK
SH
MI B
AI C
EN
TR
AL
AG
RIC
UL
TU
RA
L U
NIV
ER
SIT
Y, J
HA
NS
IA
NN
UA
L A
CC
OU
NT
S 2
014-
15B
AL
AN
CE
SH
EE
T A
S O
N 3
1ST M
AR
CH
201
5(A
mou
nt in
Rup
ees)
Co
rpu
s/C
apit
al F
un
d &
Lia
bili
ties
S
ched
ule
Cu
rren
t Y
ear
Pre
vio
us
Yea
r
Cor
pus/
Cap
ital F
und
126
3031
.00
Res
erve
s2
0.00
Ear
mar
ked/
End
owm
ent F
und
30.
00
Cur
rent
Lia
bilit
ies
& P
rovi
sion
s4
8199
036.
00
To
tal
84
6206
7.00
0.00
Ass
ets
Fix
ed A
sset
s5
2067
11.0
0
Inve
stm
ents
– E
arm
arke
d/E
ndow
men
t Fun
ds6
0.00
Cur
rent
Ass
ets,
Loa
ns &
Adv
ance
s7
8255
356.
00
To
tal
84
6206
7.00
0.00
Sig
nific
ant A
ccou
ntin
g P
olic
ies
23
Con
tinge
nt L
iabi
litie
s &
Not
es to
Acc
ount
s24
-
4
INC
OM
E &
EX
PE
ND
ITU
RE
AC
CO
UN
T F
OR
TH
E Y
EA
R E
ND
ED
31S
T M
AR
CH
201
5 (Am
ount
in R
upee
s)
A. I
nco
me
Sch
edu
leC
urr
ent
Yea
rP
revi
ou
s Y
ear
Gra
nts
from
DA
RE
817
8552
5.00
Inco
me
from
Sal
es &
Ser
vice
s9
0.00
Aca
dem
ic R
ecei
pts
1056
320.
00
Inco
me
from
inve
stm
ents
110.
00
Inco
me
from
Roy
alty
/Pub
licat
ions
120.
00
Inte
rest
Ear
ned
130.
00
Oth
er In
com
e14
0.00
Prio
r P
erio
d In
com
e15
0.00
0.00
To
tal (
A)
18
4184
5.00
0.00
B. E
xpen
dit
ure
Est
ablis
hmen
t exp
ense
s16
1503
500.
00
Adm
inis
trat
ive
expe
nses
1762
013.
00
Aca
dem
ic E
xpen
ses
1821
5350
.00
Res
earc
h E
xpen
ses
190.
00
Ext
emsi
on A
ctiv
ities
Exp
ense
s20
0.00
Oth
er E
xpen
ses
2146
62.0
0
Prio
r pe
riod
expe
nditu
re22
0.00
Dep
reci
atio
n5
1945
3.00
To
tal (
B)
18
0497
8.00
0.00
Bal
ance
bei
ng
su
rplu
s/(D
efici
t) c
arri
ed t
o c
orp
us/
Cap
ital
Fu
nd
36
867.
000.
00
Sd/
-S
d/-
Vic
e C
hanc
ello
rF
inan
ce &
Acc
ount
s O
ffice
r
-
RANI LAKSHMI BAI CENTRAL AGRICULTURAL UNIVERSITY, JHANSI
SCHEDULES FORMING PART OFINCOME AND EXPENDITURE ACCOUNT FOR THE
YEAR ENDED ON 31ST MARCH, 2015
-
7
RA
NI L
AK
SH
MI B
AI C
EN
TR
AL
AG
RIC
UL
TU
RA
L U
NIV
ER
SIT
Y, J
HA
NS
IA
NN
UA
L A
CC
OU
NT
S 2
014-
15(A
mou
nt in
Rup
ees)
SC
HE
DU
LE
S F
OR
MIN
G P
AR
T O
F B
AL
AN
CE
SH
EE
T A
S O
N 3
1ST M
AR
CH
201
5
C
urr
ent
Yea
rP
revi
ou
s Y
ear
Sch
edu
le 1
– C
apit
al F
un
d
Bal
ance
at t
he b
egin
ning
of t
he y
ear
0.00
Add
: C
apita
l exp
endi
ture
out
of g
rant
from
DA
RE
(S
ch.8
)22
6164
.00
Add
: Fun
ds o
f Spo
nsor
ed P
roje
cts/
Sch
emes
util
ized
for
capi
tal e
xpen
ditu
re0.
00
Add
Net
Inco
me/
expe
nditu
re tr
ansf
erre
d fr
om th
e In
com
e &
Exp
endi
ture
acc
ount
3686
7.00
Add
/Les
s: A
djus
tmen
t to/
from
Cap
ital F
und
0.00
Bal
ance
at
the
year
en
d26
3031
.00
0.0
Sd/
-F
inan
ce &
Acc
ount
s O
ffice
r
Sch
edu
le 2
– R
eser
ves
1. C
apita
l Res
erve
0.
00
As
per
last
acc
ount
Add
val
ue o
f ass
ets
acqu
ired/
dona
ted
out o
f spo
nsor
ed p
roje
ct fu
nds
Add
Fre
e gi
fts
Less
Ded
uctio
ns d
urin
g th
e ye
ar (
Tra
nsfe
rred
to C
apita
l Fun
d)0.
00
Bal
ance
at
the
year
en
d0.
000.
0
-
8
RA
NI L
AK
SH
MI B
AI C
EN
TR
AL
AG
RIC
UL
TU
RA
L U
NIV
ER
SIT
Y, J
HA
NS
IA
NN
UA
L A
CC
OU
NT
S 2
014-
15
(A
mou
nt in
Rup
ees)
Sche
dule
3 :
Earm
arke
d/
Endo
wm
ent F
unds
Fund
-wis
e Br
eak
upTo
tal
Earm
arke
d Fu
ndEn
dow
men
t Fun
dCu
rren
t Yea
rPr
evio
us Y
ear
12
34
(2+3
)
A) O
peni
ng B
alan
ce0.
000.
000.
00
B) A
dditi
ons
duri
ng th
e ye
ar
i) In
com
e fr
om in
vest
men
ts m
ade
of th
e fu
nds
0.00
0.00
0.00
ii) O
ther
add
ition
s0.
000.
000.
00
Tota
l {(a
) + (b
)}0.
000.
000.
00
c) Util
isati
on/E
xpen
ditu
re to
war
ds o
bjectiv
es o
f fun
ds
i) Re
venu
e Ex
pend
iture
Reve
nue
Expe
nditu
re0.
000.
000.
00
- G
rant
s to
fam
ilies
to d
ecea
sed
empl
oyee
s
- E
xgratia
pay
men
ts to
em
ploy
ees
on C
ompa
ssio
nate
gro
unds
- S
chol
arsh
ip –
Hos
tel s
ubsi
dy
- S
ubsi
dy fo
r bo
oks
(ii) C
apita
l Exp
endi
ture
0.00
0.00
0.00
Refu
nds
0.00
0.00
0.00
Tota
l (c)
0.00
0.00
0.00
0.00
Clos
ing
bala
nce
at th
e ye
ar e
nd (a
+b-c
)
Sd/
-F
inan
ce &
Acc
ount
s O
ffice
r
-
9
RA
NI L
AK
SH
MI B
AI C
EN
TR
AL
AG
RIC
UL
TU
RA
L U
NIV
ER
SIT
Y, J
HA
NS
IA
NN
UA
L A
CC
OU
NT
S 2
014-
15(A
mou
nt in
Rup
ees)
Sch
edu
le 4
– C
urr
ent
liab
iliti
es &
Pro
visi
on
sC
urr
ent
year
Pre
vio
us
year
A.
CU
RR
EN
T L
IAB
ILIT
IES
1.
S
un
dry
Cre
dit
ors
:
(a
) F
or g
oods
(b)
For
oth
ers
2.
A
dva
nce
s re
ceiv
ed
3.
Dep
osi
ts f
rom
sta
ff
4.
Dep
osi
t fr
om
Stu
den
ts25
900.
00
5.
D
epo
sits
oth
ers
(EM
D, S
ecu
rity
Dep
osi
t, G
SL
IS e
tc.)
6.
S
tatu
tory
liab
iliti
es (
GIS
, GP
F, T
DS
, NP
S, S
ales
/Ser
vice
Tax
etc
.)45
000.
00
7.
Oth
er c
urr
ent
liab
iliti
es
a)
Sal
ary
Pay
able
1398
25.0
0
b) O
ther
exp
ense
s
c)
Ext
erna
lly F
unde
d P
roje
cts
d) O
ther
Sch
emes
(N
.S.S
., S
tipen
d, F
ello
wsh
ip, A
SR
B e
tc.
e) U
n-ut
ilize
d G
rant
from
DA
RE
7988
311.
00
f)
Ded
uctio
ns a
wai
ting
Rem
ittan
ce
g)
Loa
ns a
nd A
dvan
ces
h) L
iabi
lity
for
stal
e ch
eque
s ac
coun
t
8.
B
oo
k o
verd
raft
in B
ank
Acc
ou
nt
To
tal (
A)
8199
036.
000.
00B
. P
rovi
sio
ns
1.
G
ratu
ity
2.
Sup
eran
nuat
ion/
Pen
sion
3.
Le
ave
Enc
ashm
ent
4.
C
laim
s
5.
Oth
ers
(spe
cify
)
T
ota
l(B
)0.
000.
00T
ota
l (A
+ B
)81
9903
6.00
0.00
Sd/
-F
inan
ce &
Acc
ount
s O
ffice
r
-
10
RA
NI L
AK
SH
MI B
AI C
EN
TR
AL
AG
RIC
UL
TU
RA
L U
NIV
ER
SIT
Y, J
HA
NS
I A
NN
UA
L A
CC
OU
NT
S 2
014-
15(A
mou
nt in
Rup
ees)
Sch
edu
le 5
–F
ixed
Ass
ets
Gro
ss B
lock
Dep
reci
atio
nN
et B
lock
Rat
es o
f D
epre
ciat
ion
Des
crip
tio
nC
ost
/ V
alu
e at
th
e B
egin
nin
g
of
year
Ad
dit
ion
d
uri
ng
th
e ye
ar
Ded
uct
ion
s d
uri
ng
th
e ye
ar
Co
st/
Val
ue
at
year
en
d
At
the
beg
inn
ing
o
f th
e ye
ar
Fo
r th
e ye
ar
Acc
um
ula
ted
d
epre
ciat
ion
T
ota
l u
pto
ye
ar e
nd
(5
+6-7
)
As
at t
he
curr
ent
year
en
d
(4-8
)
As
at t
he
pre
vio
us
year
en
d
1
23
45
67
89
10
A.
Fix
ed A
sset
s
1.
L
and
a.
Fre
e h
old
0
0
0
00
0.00
%
b.
Lea
se h
old
0
0
0
00
0.00
%
2.
Bu
ildin
gs
0
0
0
00
2.00
%
3.
Tem
po
rary
Str
uct
ure
s
0
0
00
05.
00%
4.
Tan
ks &
Po
nd
s
0
0
00
05.
00%
5.
Ro
ads,
Bri
dg
es, B
/Wal
ls, F
enci
ng
0
0
0
00
5.00
%
6.
Sew
erag
e &
Dra
inag
e
0
0
00
05.
00%
7.
Tu
be
Wel
ls &
Wat
er S
up
ply
0
0
0
00
5.00
%
8.
Ele
ct. i
nst
alla
tio
ns
and
Eq
uip
men
ts
1171
50
1171
50
5858
58
5811
1292
05.
00%
9.
Pla
nt
& M
ach
iner
y
0
0
00
07.
50%
10.
Lab
ora
tory
ap
par
atu
s an
d S
cien
tifi
c eq
p
0
0
00
010
.00%
11.
Offi
ce E
qu
ipm
ent
0
0
0
00
7.50
%
12.
Veh
icle
& V
esse
ls
0
0
00
010
.00%
Sd/
-F
inan
ce &
Acc
ount
s O
ffice
r
-
11
Sch
edu
le 5
–F
ixed
Ass
ets
Gro
ss B
lock
Dep
reci
atio
nN
et B
lock
Rat
es o
f D
epre
ciat
ion
Des
crip
tio
nC
ost
/ V
alu
e at
th
e B
egin
nin
g
of
year
Ad
dit
ion
d
uri
ng
th
e ye
ar
Ded
uct
ion
s d
uri
ng
th
e ye
ar
Co
st/
Val
ue
at
year
en
d
At
the
beg
inn
ing
o
f th
e ye
ar
Fo
r th
e ye
ar
Acc
um
ula
ted
d
epre
ciat
ion
T
ota
l u
pto
ye
ar e
nd
(5
+6-7
)
As
at t
he
curr
ent
year
en
d
(4-8
)
As
at t
he
pre
vio
us
year
en
d
1
23
45
67
89
10
13.
Far
m &
Fie
ld E
qu
ipm
ent
0
0
0
00
5.00
%
14.
Ho
stel
/GH
/Can
teen
Eq
uip
men
ts
0
0
00
015
.00%
15.
Co
mp
ute
rs/P
eri-
ph
eral
s/ m
ajo
r so
ftw
are
43
350
43
350
86
70
8670
3468
00
20.0
0%
16.
Fu
rnit
ure
& F
ixts
.
0
0
0
00
07.
50%
17.
Stu
dio
/Au
dio
vis
ual
eq
uip
men
ts
6566
4
6566
4
4925
49
2560
739
07.
50%
18.
Sp
ort
s E
qu
ipm
ents
0
0
0
00
7.50
%
19.
Liv
e S
tock
0
0
0
00
0.00
%
20.
Lib
rary
Bo
oks
/Sci
enti
fic
Jou
rnal
s
0
0
00
07.
50%
21.
Oth
er N
on
-Co
nsu
mab
le S
tore
s
0
0
00
010
.00%
To
tal o
f C
urr
ent
Yea
r0
2261
640
2261
640
1945
30
1945
320
6711
0
B.
Cap
ital
wo
rk-i
n-p
rog
ress
To
tal
022
6164
022
6164
019
453
019
453
2067
110
Sd/
-F
inan
ce &
Acc
ount
s O
ffice
r
-
12
RA
NI L
AK
SH
MI B
AI C
EN
TR
AL
AG
RIC
UL
TU
RA
L U
NIV
ER
SIT
Y, J
HA
NS
IA
NN
UA
L A
CC
OU
NT
S 2
014-
15
(Am
ount
in R
upee
s)
Sch
edu
le 6
: I
nve
stm
ents
fro
m E
arm
arke
d/E
nd
ow
men
t F
un
ds
C
urr
ent
Yea
rP
revi
ou
s Y
ear
1. In
Gov
ernm
ent S
ecur
ities
0.00
0.00
2. O
ther
app
rove
d S
ecur
ities
0.00
0.00
3. D
eben
ture
s an
d B
onds
0.00
0.00
4. O
ther
s (t
o be
spe
cifie
d)0.
000.
00
To
tal
0.00
0.00
Sd/
-F
inan
ce &
Acc
ount
s O
ffice
r
-
13
RA
NI L
AK
SH
MI B
AI C
EN
TR
AL
AG
RIC
UL
TU
RA
L U
NIV
ER
SIT
Y, J
HA
NS
I
AN
NU
AL
AC
CO
UN
TS
201
4-15
Am
ount
in R
upee
s
Sch
edu
le 7
: C
urr
ent
Ass
ets,
Lo
ans
& A
dva
nce
sC
urr
ent
Yea
rP
revi
ou
s Y
ear
A.
Cu
rren
t A
sset
s:
1.
In
ven
tori
es
a.
Sto
res
& S
pare
s
b.
Che
mic
als
c.
Gla
ssw
are
d.
Oth
er C
onsu
mab
les
e.
Sta
tione
ry15
0.00
2.
S
un
dry
Deb
tors
a.
Deb
ts o
utst
andi
ng fo
r a
perio
d ex
ceed
ing
6 m
onth
s
b.
Oth
ers
3.
C
ash
an
d B
ank
Bal
ance
s
a.
Cas
h in
han
d (
incl
ud
ing
sta
mp
s, im
pre
st c
ash
an
d c
heq
ues
/dra
fts)
1500
0.00
b.
Ban
k B
alan
ces
wit
h s
ched
ule
d b
anks
-
in c
urre
nt a
ccou
nts
8040
206.
00
-
in D
epos
it ac
coun
t 0.
00
-
in s
avin
g ac
coun
ts
c R
emit
tan
ces
in t
ran
sit
To
tal (
A)
8055
356.
000.
0
Sd/
-F
inan
ce &
Acc
ount
s O
ffice
r
-
14
RA
NI L
AK
SH
MI B
AI C
EN
TR
AL
AG
RIC
UL
TU
RA
L U
NIV
ER
SIT
Y, J
HA
NS
IA
NN
UA
L A
CC
OU
NT
S 2
014-
15(A
mou
nt in
Rup
ees)
Sch
edu
le 7
: C
urr
ent
Ass
ets,
Lo
ans
& A
dva
nce
sC
urr
ent
Yea
rP
revi
ou
s Y
ear
B. L
oan
s A
nd
Ad
van
ces
a.
L
oan
s:
- D
epar
tmen
tal C
ante
en
- R
evol
ving
Fun
d
b
. A
dva
nce
s to
em
plo
yees
(N
on
-In
tere
st B
eari
ng
)
- S
alar
y
- F
estiv
al
- M
edic
al A
dvan
ce
- T
A/T
TA
- LT
C
- C
ycle
Adv
ance
- O
ther
s (s
peci
fy)
c.
L
on
g T
erm
Ad
van
ces
to E
mp
loye
es (
Inte
rest
Bea
rin
g)
- H
ouse
Bui
ldin
g
- M
otor
Veh
icle
- C
ompu
ter
d
. A
dva
nce
s A
nd
Oth
er A
mo
un
ts R
eco
vera
ble
in C
ash
or
in K
ind
or
for
Val
ue
to b
e re
ceiv
ed
- A
dvan
ces
to S
uppl
ies
for
Goo
ds &
Ser
vice
s
-
Adv
ance
s on
Cap
ital A
/c10
0000
.00
Sd/
-F
inan
ce &
Acc
ount
s O
ffice
r
-
15
Sch
edu
le 7
: C
urr
ent
Ass
ets,
Lo
ans
& A
dva
nce
sC
urr
ent
Yea
rP
revi
ou
s Y
ear
- A
dvan
ces
on W
orks
(C
apita
l)
- A
dvan
ces
on R
&M
of W
orks
(R
even
ue)
- C
ontin
genc
t/Ad-
hoc
adva
nces
to D
epttl
. Em
ploy
ees
1000
00.0
0
- O
ther
s (S
peci
fy)
e.
P
rep
aid
Exp
ense
s
- In
sura
nce
- A
MC
Exp
ense
s
- O
ther
Exp
ense
s (s
peic
y)
f.
R
eco
vera
ble
Dep
osi
ts (
Ple
ase
spec
ify)
g
. In
com
e A
ccru
ed
- O
n In
vest
men
ts fr
om E
arm
arke
d/E
ndow
men
t Fun
ds
- O
n D
epos
it A
ccou
nts/
Inve
stm
ents
- O
n Lo
ans
& A
dvan
ces
- O
ther
s (s
peci
fy)
h
. C
laim
s R
ecei
vab
le:
G.P
.F.,
Ext
ern
ally
Fu
nd
ed/S
po
nso
red
pro
ject
s, O
ther
s (p
leas
e sp
ecif
y)
To
tal B
2000
00.0
00.
00
To
tal (
A +
B)
8255
356.
000.
00
Sd/
-F
inan
ce &
Acc
ount
s O
ffice
r
-
16
SC
HE
DU
LE
TO
INC
OM
E A
ND
EX
PE
ND
ITU
RE
AC
CO
UN
T
Sch
edu
le 8
: G
ran
ts f
rom
DA
RE
Sl.
No
.P
arti
cula
rs
Cu
rren
t Y
ear
Pre
vio
us
Yea
r
1.O
peni
ng B
alan
ce a
s pe
r pr
evio
us y
ear’s
Acc
ount
2.A
dd: G
ovt.
Gra
nts
rece
ived
dur
ing
the
year
10
0000
00.0
0
3.T
ota
l Am
ou
nt
10
0000
00.0
0
4.Le
ss: U
tiliz
ed fo
r C
apita
l Exp
endi
ture
22
6164
.00
5.B
alan
ce
9773
836.
00
6.T
otal
Rev
enue
Exp
endi
ture
(as
per
Inco
me
& E
xp. A
/c)
1804
978.
00
7.A
dd: A
ctua
l pay
men
t to
Ret
irees
8.T
ota
l18
0497
8.00
9.L
ess:
Pro
visi
on fo
r
10.
i
) D
epre
ciat
ion
1945
3.00
11.
ii
) R
etira
l Ben
efits
12.
To
tal:
Uti
lized
fo
r R
even
ue
Exp
end
itu
re
1785
525.
00
13.
Un
uti
lized
gra
nts
car
ried
fo
rwar
ded
79
8831
1.00
Not
e: T
he r
even
ue e
xpen
ditu
re m
et o
ut o
f gra
nts
excl
udes
Dep
reci
atio
n of
Rs.
1945
3/-
whi
ch is
onl
y pr
ovis
ion
and
do n
ot in
volv
e an
y ca
sh g
o ou
t.
Sd/
-F
inan
ce &
Acc
ount
s O
ffice
r
-
17
RA
NI L
AK
SH
MI B
AI C
EN
TR
AL
AG
RIC
UL
TU
RA
L U
NIV
ER
SIT
Y, J
HA
NS
IS
CH
ED
UL
ES
FO
RM
ING
PA
RT
OF
INC
OM
E A
ND
EX
PE
ND
ITU
RE
A
CC
OU
NT
FO
R T
HE
YE
AR
EN
DE
D 3
1ST M
AR
CH
201
5(A
mou
nt in
Rup
ees)
Sch
edu
le 9
: In
com
e fr
om
Sal
es/S
ervi
ces
Cu
rren
t Y
ear
Pre
vio
us
Yea
r
A.
Inco
me
fro
m S
ales
1.
S
ale
of F
arm
Pro
duce
2.
S
ale
of F
ish
& P
oultr
y
3.
S
ale
of F
ruits
& V
eget
able
s
4.
S
ale
of V
acci
ne
5.
S
ale
of B
reed
er S
eeds
6.
S
ale
of D
airy
Pro
duct
s
7.
S
ale
of W
oole
n &
Jut
e P
rodu
cts
8.
S
ale
of W
ool
9.
S
ale
of M
eat
10
. Sal
e of
oth
er p
rodu
cts
B.
Inco
me
fro
m S
ervi
ces
1.
T
rain
ing
Pro
gram
mes
2.
C
onsu
ltanc
y se
rvic
es
3.
C
ontr
act R
esea
rch
4.
C
ontr
act S
ervi
ces
5.
A
naly
tical
Tes
ting
Fee
s
6.
P
re-s
hipm
ent I
nspe
ctio
n F
ees
7.
Q
uara
ntin
e F
ee
8.
O
ther
Inte
rnal
Res
ourc
e G
ener
atio
n ac
tiviti
es
To
tal
0.00
0.00
Sd/
-F
inan
ce &
Acc
ount
s O
ffice
r
-
18
RA
NI L
AK
SH
MI B
AI C
EN
TR
AL
AG
RIC
UL
TU
RA
L U
NIV
ER
SIT
Y, J
HA
NS
I
AN
NU
AL
AC
CO
UN
TS
201
4-15
(Am
ount
in R
upee
s)
Sch
edu
le 1
0 :
Aca
dem
ic R
ecei
pts
Cu
rren
t Y
ear
Pre
vio
us
Yea
r
1. F
ees
from
stu
dent
s
a)
A
cade
mic
Ses
sion
/tuiti
on fe
e16
320.
00
b)
C
ouns
ellin
g F
ee40
000.
00
2. S
ale
of a
dmis
sion
form
3. S
ale
of q
uest
ion
pape
rs
4. R
e-va
luat
ion/
re-c
heck
ing
fees
5. L
ate
fee
pena
lty
6. D
uplic
ate
mar
kshe
et/c
ertifi
cate
fee
7. O
ther
(sp
ecify
)
To
tal
5632
0.00
0.00
Sd/
-F
inan
ce &
Acc
ount
s O
ffice
r
-
19
RA
NI L
AK
SH
MI B
AI C
EN
TR
AL
AG
RIC
UL
TU
RA
L U
NIV
ER
SIT
Y, J
HA
NS
IA
NN
UA
L A
CC
OU
NT
S 2
014-
15
Sch
edu
le 1
1 :
INC
OM
E F
RO
M IN
VE
ST
ME
NT
S O
UT
OF
EA
RM
AR
KE
D/E
ND
OW
ME
NT
FU
ND
(A
mou
nt in
Rup
ees)
In
vest
men
t fr
om
Ear
mar
ked
fu
nd
sIn
vest
men
t -
oth
ers
Cu
rren
t Y
ear
Pre
vio
us
Yea
rC
urr
ent
Yea
rP
revi
ou
s Y
ear
1)
Inte
rest
a)
O
n go
vern
men
t Sec
uriti
es
b)
O
n D
eben
ture
s/B
onds
2)
Ter
m D
epos
it w
ith S
ched
uled
Ban
ks
3)
Inte
rest
Acc
rued
but
not
rec
eive
d
3)
Oth
ers
(spe
cify
)
To
tal
0.00
0.00
0.00
0.00
Tra
nsf
erre
d t
o E
arm
arke
d/
En
do
wm
ent
Fu
nd
s
Sd/
-F
inan
ce &
Acc
ount
s O
ffice
r
-
20
RA
NI L
AK
SH
MI B
AI C
EN
TR
AL
AG
RIC
UL
TU
RA
L U
NIV
ER
SIT
Y, J
HA
NS
I
AN
NU
AL
AC
CO
UN
TS
201
4-15
(Am
ount
in R
upee
s)
Sch
edu
le 1
2 :
Inco
me
fro
m R
oya
lty,
Pu
blic
atio
ns
etc.
Cu
rren
t Y
ear
Pre
vio
us
Yea
r
1. In
com
e fr
om R
oyal
ty
2. In
com
e fr
om s
ale
of P
ublic
atio
ns
3. O
ther
s (S
peci
fy)
TO
TA
L0.
000.
00
Sd/
-F
inan
ce &
Acc
ount
s O
ffice
r
-
21
RA
NI L
AK
SH
MI B
AI C
EN
TR
AL
AG
RIC
UL
TU
RA
L U
NIV
ER
SIT
Y, J
HA
NS
IA
NN
UA
L A
CC
OU
NT
S 2
014-
15(A
mou
nt in
Rup
ees)
Sch
edu
le 1
3 :
Inte
rest
ear
ned
Cu
rren
t Y
ear
Pre
vio
us
Yea
r
1.
On
Ter
m D
epos
its w
ith s
ched
uled
Ban
ks
2.
On
savi
ngs
Acc
ount
s w
ith s
ched
uled
ban
ks
3.
On
Loan
s
a.
E
mpl
oyee
s/S
taff
b.
O
ther
s
4.
On
Deb
tors
and
oth
er R
ecei
vabl
es
To
tal
0.00
0.00
Sd/
-F
inan
ce &
Acc
ount
s O
ffice
r
-
22
RA
NI L
AK
SH
MI B
AI C
EN
TR
AL
AG
RIC
UL
TU
RA
L U
NIV
ER
SIT
Y, J
HA
NS
I A
NN
UA
L A
CC
OU
NT
S 2
014-
15
(Am
ount
in R
upee
s)
Sch
edu
le 1
4 :
Oth
er In
com
e C
urr
ent
Yea
rP
revi
ou
s Y
ear
1.
Lice
nse
Fee
from
qua
rter
s/gu
est h
ouse
2.
Leav
e S
alar
y an
d P
ensi
on C
ontr
ibut
ion
3.
Rev
enue
Rec
eipt
s fr
om S
chem
es
4.
Cha
rges
for
use
of T
rans
port
5.
Wat
er a
nd E
lect
ricity
Cha
rges
6.
Sur
plus
on
sale
/dis
posa
l of a
sset
s
a.
Ow
ned
asse
ts
b.
Ass
ets
acqu
ired
out o
f gra
nts
or r
ecei
ved
free
of c
ost
8.
Mis
cella
neou
s in
com
e (S
ale
Pro
ceed
s of
uns
ervi
ceab
le s
tore
s/em
ptie
s,
was
te p
aper
, ten
der
pape
rs, a
pplic
atio
n fo
rms,
& o
ther
s) A
dvt.
char
ges,
oth
er
mis
cella
neou
s in
com
e)
TO
TA
L0.
000.
00
Sd/
-F
inan
ce &
Acc
ount
s O
ffice
r
-
23
RA
NI L
AK
SH
MI B
AI C
EN
TR
AL
AG
RIC
UL
TU
RA
L U
NIV
ER
SIT
Y, J
HA
NS
IA
NN
UA
L A
CC
OU
NT
S 2
014-
15(A
mou
nt in
Rup
ees)
Sch
edu
le 1
5 :
Pri
or
Per
iod
Inco
me
Cu
rren
t Y
ear
Pre
vio
us
Yea
r
1. P
rio
r P
erio
d In
com
e
TO
TA
L0.
000.
00
Sd/
-F
inan
ce &
Acc
ount
s O
ffice
r
-
24
RA
NI L
AK
SH
MI B
AI C
EN
TR
AL
AG
RIC
UL
TU
RA
L U
NIV
ER
SIT
Y, J
HA
NS
IA
NN
UA
L A
CC
OU
NT
S 2
014-
15
Sch
edu
le 1
6 C
urr
ent
Yea
rP
revi
ou
s Y
ear
(A)
Est
ablis
hm
ent
Exp
ense
s
a)
S
alar
ies,
wag
es a
nd a
llow
ance
s14
6750
0.00
b)
C
ontr
ibut
ion
to P
rovi
dent
Fun
d0.
00
c)
C
ontr
ibut
ion
to O
ther
Fun
ds (
Spe
cify
)0.
00
d)
B
onus
0.00
e)
LT
C
f)
S
taff
Wel
fare
Exp
ense
s0.
00
g)
F
ees
& H
onor
ariu
m36
000.
00
h)
Le
ave
sala
ry a
nd P
ensi
on C
ontr
ibut
ion
0.00
i)
Pro
visi
on fo
r re
tiral
ben
efits
j)
O
ther
s0.
00
To
tal
“A”
1503
500.
000.
00
(B)
Em
plo
yees
Ret
irem
ent
& T
erm
inal
Ben
efits
a)
P
aym
ent o
f ret
irem
ent &
term
inal
ben
efits
0.00
b)
C
ontr
ibut
ion
to N
ew P
ensi
on S
chem
e
c)
M
edic
al R
eim
burs
emen
t to
Ret
ired
empl
oyee
s
d)
D
epos
it Li
nked
Insu
ranc
e P
aym
ent
e)
T
rave
l to
Hom
e to
wn
on R
etire
men
t
To
tal “
B”
0.00
0.00
TO
TA
L (
A)
+ (
B)
1503
500.
000.
00
Sd/
-F
inan
ce &
Acc
ount
s O
ffice
r
-
25
RA
NI L
AK
SH
MI B
AI C
EN
TR
AL
AG
RIC
UL
TU
RA
L U
NIV
ER
SIT
Y, J
HA
NS
I A
NN
UA
L A
CC
OU
NT
S 2
014-
15(A
mou
nt R
s.)
Sch
edu
le 1
7 –
Ad
min
istr
ativ
e E
xpen
ses
Cu
rren
t Y
ear
Pre
vio
us
Yea
r
A.
Infr
astr
uct
ure
a)
R
ent,
Rat
es &
Tax
es
b)
E
lect
ricity
Cha
rges
c)
W
ater
Cha
rges
d)
S
ecur
ity C
harg
es
e)
V
ehic
le R
unni
ng E
xpen
ses/
(PO
L)
f)
In
sura
nce
B.
Co
mm
un
icat
ion
a)
P
osta
ge, C
ourie
r et
c.
b)
T
elep
hone
s, F
ax &
Inte
rnet
6250
.00
C.
Rep
airs
& M
ain
ten
ance
a)
B
uild
ings
& O
ther
Infr
astr
uctu
res
b)
P
lant
s &
Mac
hine
ry
c)
F
urni
ture
& F
ixtu
res
d)
V
ehic
le
e)
O
ffice
Equ
ipm
ent
f)
C
ompu
ters
g)
E
lect
rical
Inst
alla
tions
h)
F
arm
& F
ield
Equ
ipm
ents
Sd/
-F
inan
ce &
Acc
ount
s O
ffice
r
-
26
Sch
edu
le 1
7 –
Ad
min
istr
ativ
e E
xpen
ses
Cu
rren
t Y
ear
Pre
vio
us
Yea
r
D.
Oth
ers
a)
P
rintin
g &
Sta
tione
ry18
25.0
0
b)
N
ewsp
aper
s &
Per
iodi
cals
c)
T
rave
l & C
onve
yanc
e –
1059
4.00
d)
H
iring
of v
ehic
les
2834
4.00
e)
A
dver
tisem
ent &
Pub
licity
f)
Lega
l & P
rofe
ssio
nal c
harg
es
g)
Aud
itor’s
rem
uner
atio
n
h)
H
ospi
talit
y ex
pens
es
i)
Ban
k ch
arge
s
j)
Mee
ting
expe
nses
k)
O
ffice
Con
tinge
ncie
s
l)
Loss
on
sale
of a
sset
s
m
) P
rovi
sion
for
bad
& d
oubt
ful d
ebts
n)
Ir
reco
vera
ble
bala
nces
writ
ten
off
o)
C
ontr
actu
al m
anpo
wer
for
offic
e w
ork
1500
0.00
p)
O
ther
Mis
cella
neou
s ex
pens
es
To
tal
6201
3.00
0.00
Sd/
-F
inan
ce &
Acc
ount
s O
ffice
r
-
27
RA
NI L
AK
SH
MI B
AI C
EN
TR
AL
AG
RIC
UL
TU
RA
L U
NIV
ER
SIT
Y, J
HA
NS
I
AN
NU
AL
AC
CO
UN
TS
201
4-15
(Am
ount
Rs.
)
Sch
edu
le 1
8 –
Aca
dem
ic E
xpen
ses
Cu
rren
t Y
ear
Pre
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Acc
ount
s O
ffice
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-
28
RA
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-
29
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Sch
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21
Oth
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-
RANI LAKSHMI BAI CENTRAL AGRICULTURAL UNIVERSITY, JHANSI (U.P.)
SCHEDULES FORMING PART OFACCOUNTS FOR THE YEAR ENDED
ON 31ST MARCH, 2015
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35
RANI LAKSHMI BAI CENTRAL AGRICULTURAL UNIVERSITY, JHANSI (U.P.)
SIGNIFICANT ACCOUNTING POLICES
1. BASIS FOR PREPARATION OF ACCOUNTS:
The Accounts are prepared under the Historical Cost Convention unless otherwise stated and generally on the Accrual Method of Accounting.
2. REVENUE RECOGNITION:
Revenues are recognized when received except interest on investments which is accounted for on accrual basis.
3. FIXED ASSETS AND DEPRECIATION:
3.1 Fixed Assets are stated at the cost of acquisition including inward freight, duties and direct charges related to acquisition, installation and commissioning or construction or at manufacturing cost (in case of manufactured/fabricated assets).
3.2 Fixed Assets are valued at cost less accumulated depreciation. Depreciation on fixed assets is provided on “Straight Line Method,” at the following rates:
1. Land - 0%
2. Building - 2%
3. Temporary Structure - 5%
4. Electrical Installation and equipments (including Transformer & Fountain)
- 5%
5. Tube wells & Water Tanks - 2%
6. Roads, Boundary walls/fencing and Bridges - 2%
7. Sewerage, Drainage and Sanitary items - 2%
8. Horticulture Works, Field Farm Equipments & Fish Ponds - 5%
9. Plant & Machinery - 5%
10. Studio Equipment - 7.5%
11. Laboratory Apparatus & Scientific Equipments - 8%
12. Office Equipment - 7.5%
13. Audio Visual Equipment - 7.5%
14. Canteen Equipment/Hostel Equipment - 15%
15. Furniture, Fixtures & Fittings - 7.5%
16. Computers & Peripherals - 20%
17. Vehicles - 10%
18. Library Books & Scientific Journals - 10%
19. Sports Equipment - 8%
20. Others - 10%
3.3 Depreciation is provided for the whole year on additions during the year.
3.4 Where an asset is fully depreciated, it will be carried at a residual value of Re. 1/- in the Balance Sheet and will not be further depreciated.
3.5 Assets created out of funds of sponsored projects, where the ownership of such assets vests in the university are set up by credit to Capital Fund and merged with fixed Assets of the university. Depreciation is charged at the rates applicable to the respective asset heads. Assets created out of funds of sponsored projects where the ownership is retained by the sponsors but held and used by the university are separately disclosed in the notes on accounts.
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36
4. STOCKS:
4.1 Stocks of stores, spare parts, laboratory chemicals, glassware, consumables and other inventory items are valued at cost.
4.2 Animals used for experimental purposes in research are treated as expenditure on cash basis whenever they are purchased. If however, they are held in large numbers and issued for research as and when necessary, they will be classified as Inventory.
5. RETIREMENT BENEFITS:
5.1 Provision of Retirement benefits i.e., Pension, Gratuity and Leave Encashment are provided on the basis of actuarial valuation. Capitalized Value of pension and Gratuity which will be received from previous employers of the University employees seeking absorption in the University will be credited to the respective Provision Accounts. Pension contribution received in respect of RLB Central Agricultural University employee on deputation is credited to the Provision for pension Account.
5.2 Other retirement benefits viz. Contribution to New Pension scheme, Medical reimbursement to the retired employees and Travel to home Town on retirement are accounted for on accrual basis (actual payment plus outstanding bills at the end of the year).
6. INVESTMENTS:
All investments are valued at cost.
7. EARMARKED / ENDOWMENT FUNDS:
Long terms funds for the purpose of “Awards/Scholarships etc.” will be earmarked by the Board as per need and will be invested in fixed deposits. The income from investments will be credited to “Awards/Scholarship Fund”. The expenditure on the awards/scholarships is debited to the Fund and balance is carried forward and represented on the Assets Side by bank balance and Investment in fixed deposits.
8. GOVERNMENT GRANTS:
8.1 Government Grants are accounted on realization basis.
8.2 To the extent utilized towards capital expenditure, government grants are transferred to Capital Fund.
8.3 Government Grants for meeting Revenue Expenditure are treated, to the extent utilized, as income of the year in which they are realized.
8.4 Unutilized grants are carried forward to the next year as opening balance and exhibited as a Liability.
9. SPONSORED PROJECTS.
In case of ongoing Sponsored Projects the amount received from sponsors are credited to concerned project account and corresponding debit is made to the concerned Project Fund by the amount of expenditure incurred/Advances paid from such Projects. Overhead charges recovered from project are credited to the revenue account in accordance with the decision of the University. Closing Balance as on 31st March, shown under Current Liabilities (Schedule -4) . Debit balances if any are shown under the head Current Assets, Loans & Advances as recoverable from sponsors
10. INCOME TAX
The income of the University is exempt from Income Tax under Section 10(23c) of the Income Tax Act. No provision for tax is therefore made in the accounts.
Sd/-
Finance & Accounts Officer
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37
RA
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UN
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4-15
(Rup
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akhs
)
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edu
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Co
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iab
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No
tes
to A
cco
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tsC
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revi
ou
s Y
ear
1C
ontin
gent
Lia
bilit
ies
(Cou
rt C
ases
, PIL
etc
,)
2Le
tters
of c
redi
t ope
ned
by th
e ba
nk o
n be
half
of th
e C
ounc
il
3E
stim
ated
val
ue o
f Con
trac
ts r
emai
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to b
e ex
ecut
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n ca
pita
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ount
and
not
pr
ovid
ed fo
r (N
et o
f Adv
ance
s)
T
OT
AL
No
tes:
1.
Fig
ures
in th
e fin
al a
ccou
nts
(con
solid
ated
par
t) h
ave
been
rou
nded
off
to th
e ne
ares
t rup
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2.
S
ched
ule
1 to
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are
anne
xed
to a
nd fo
rm a
n in
tegr
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art o
f the
Bal
ance
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et a
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31s
t Mar
ch, 2
015
and
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me
& E
xpen
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re
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unt f
or th
e ye
ar e
nded
on
that
dat
e.
3.
P
revi
ous
year
’s fi
gure
s ha
ve b
een
regr
oupe
d w
here
ver
nece
ssar
y.
4.
In
the
opin
ion
of th
e M
anag
emen
t, th
e C
urre
nts
Ass
ets,
Loa
ns a
nd A
dvan
ces
have
a v
alue
on
real
izat
ion
in th
e or
dina
ry c
ours
e, e
qual
at
leas
t to
the
aggr
egat
e am
ount
sho
wn
in th
e B
alan
ce S
heet
.
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38
RANI LAKSHMI BAI CENTRAL AGRICULTURAL UNIVERSITY, JHANSI
ANNUAL ACCOUNTS 2014-15
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDING 31st MARCH 2015
(Amount in Rupees)
Receipts Current Year
Payments Current Year
I. Opening balances: I. Expenses:
a) Cash in hand 0 Establishment expenses 1363675
b) Bank balances Administrative expenses 162163
- in Current Accounts 0 Academic Expenses 215350
- in Deposit Accounts 0 Research Expenses
- in Savings Accounts Extension Activities Expenses
II. Grants Received from DARE 10000000 II. Grants Released to State/Agril/Education Deptts.
III. Donations and Contribution III. Investments and Deposits
IV. Income on Investments from a) Earmarked funds
a) Earmarked Funds b) Own funds
b) Own Funds IV. Capital Expenditure
V. Interest Received a) Purchase of Fixed Assets 226164
a) Bank Deposits b) Capital Advances 100000
b) Loans, Advances c) Work in Progress
VI. Deposits and Advances V. Repayment of un- utilized Grants/Loans/Borrowings
a) Security /EMD Deposit 25900 a) Current Year
b) Recoveries from P- Loan & Advances b) Previous Year
c) Recoveries of S. Advances VI. Deposits and Advances
d) Loans & Borrowing a) Security /EMD Deposit
e) General Provident Fund 45000 b) Payments of P- Loan & Advances
f) NPS (Employee contribution) c) Payments of S. Advances
g) U -Remittances-I 293659 d) Loans & Borrowing
h) Consultancy/Contract Research e) General Provident Fund
i) Revolving Fund f) NPS (Employee contribution)
j) Maturity of Investments g) U -Remittances-I 293659
k) Endowment Fund h) Consultancy/Contract Research
l) Earmarked Fund i) Revolving funds
m) Externally Funded Schemes Receipts j) Investments
VII. Other Income k) Endowment Fund
a. Income from Sales / Services l) Earmarked Fund
b. Academic activities 56320 m) External Funded Schemes Payments
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39
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDING 31st MARCH 2015
(Amount in Rupees)
Receipts Current Year
Payments Current Year
c. Income from Royalty, Publications etc. VII. Other payments 4662
d. Prior Period Income VIII. Misc. payments:
f. Unspent balance of grants of previous years
Prior Period Expenditure from Govt. Grant
g. Other Income IX. Closing Balances
VIII. Loans and Borrowings a) Cash in hand 15000
b) Bank Balances
- in current Accounts 8040206
- in Deposit Accounts
- in Savings Account 0
c) In transit 0
Total 10420879 Total 10420879
Sd/-
Finance & Accounts Officer
-
RANI LAKSHMI BAI CENTRAL AGRICULTURAL UNIVERSITY, JHANSI
AUDIT REPORTON THE ACCOUNTS OF THE UNIVERSITY
FOR THE YEAR 2014-15
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43
Office of Principal Director, Audit (Central) Lucknow Branch Office-Allahabad, 15-A, Dyanand Marg, Satyanistha Bhawan, Allahabad, Uttar Pradesh
Audit Report of Rani Lakshmi Bai Central Agricultural University Based on Account Records from 03/2014 to 02/2016
Part- One
A. General
1) Introduction: The Account Records of Central Agricultural University, Jhansi from 03/2014 to 02/2016 were audited by Audit Team of Mr. Ram Kishore, Audit Officer, Mr. L.K. Srivastava, Asstt. Audit officer and Mr. Sunil Kumar, Senior Auditor from office of the Principal Director, Audit (Central), Lucknow Branch office Allahabad from dated 09.03.2016 to 16.03.2016.
2) Following authorized officer of Central Agricultural University, Jhansi worked during the period shown against the name:
Designation Name of Officer Period
Vice Chancellor Dr. Arvind Kumar 09.05.2014 till date
3) Internal audit of the unit till the end of -------Financial year was done by the Internal Auditors.
B. (1) Present position of year-wise pending audit paras of previous Audit reports.
S. No. Report No. Part- 2 (A) Part-2 (B)
1. First Audit
(2) Details of pendit audit paras of previous Audit Reports
S. No. Year of Audit Report Para No. Brief Description Indirected
1. First Audit Report
C. Continuous irregularities : NIL
D. Record not- produced : -
GeneralExcept for the comments included in the Inspection Report, the state of Accounts during the year 03/2015 to 02/2016 was found to be normal.
ReportThis report has been prepared based on the information made available by the office of Rani Lakshmi Bai Central Agricultural University, Jhansi. The office of Principal Director (Central), Lucknow Branch Office Allahabad will not be responsible for providing any incorrect information or for suppressing any information by the Unit.
Sd/-
Senior Audit Officer
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44
Part - 2(B)
S. No. Audit Observation Comments of the University
1. Department of Agricultural Research & Education, Ministry of Agriculture, Government of India released an amount of ` 1,00,00,000.00 under Plan head vide letter No. 5-19-1214-CAU dated 21.10.2014.
The inspection of records revealed that ` 79,27,906.00 could not be used till the end of Financial year 2014-15 and remained unused and blocked. Again, ̀ 4,20,72,014.00 was released to the University on 16.05.2016, however, ` 64,54,606.00 only were spent by 08.03.2016 during the Financial year 2015-16; that is to say that ` 356,17,408.00 remained unutilized and blocked.
When asked regarding the above, the unit appraised that the expenditure is being made as per need and action on the proposal related to Capital expenditure are under process.
The answer of the unit is not tenable because ` 79,27,806.00 could not be utilized out of ` One crore during the year 2014-15, again ` 4,20,72,014.00 were sanctioned after adjusting the unused funds of Financial year 2014-15 but an expenditures of ` 64,54,606.00 only could be made almost by the end of Financial year 2015-16 and ` 356,176,408.00 remained unused and no payment was pending with the Unit.
Therefore, ̀ 79.28 lakh till the end of Financial year 2014-15 and ` 356.17 lakh till the end of Financial year 2015-16 remained unused and unproductive.
Therefore, the episode of blockage of ` 79.28 lakh during 2014-15 and ` 356.17 lakh during 2015-16 is being brought to the notice.
A budget of ` 2.0 crore (` 50 lakh under “Grants in Salaries”, ` 50 lakh “Grants in General” and ` 1.00 crore “Grants in Capital”) was sanctioned during 2014-15, out of which first installment of ` 1.00 crore was released. The Vice Chancellor of the University was appointed in May, 2014, however, no other post was filled up. Therefore, no financial transaction could be made by Feb.,15 and even the salary of Vice Chancellor could not be paid. The Vice Chancellor made efforts to constitute the Board of Management and Finance Committee of the University and to initiate B.Sc. (Hons.) Agriculture programme and establishing University office. After issue of orders by the ICAR in October, 2014 to Mr. J.L. Sharma, Administrative officer, CAFRI, Jhansi to look after additional duty of the administrative work of the University and in December 2014 to Mr. Mahesh Kumar Mulani, Finance & Accounts Officer, IGFRI, Jhansi to look after the additional duty of Finance related work of the University, these officers started to look after necessary office work. These officers could be authorized to operate University Account in March 2015 and thereafter, the payment of salary of salary of the Vice Chancellor for the period from May, 2014 to February, 2015 and other general bills could be made. Therefore, the Budget could not be utilized appropriately in the beginning due to non-availability of staff and for want of completion of establishment related works and no demand of funds for release of balance amount of allocated budget was made and unspent grant of ` 79,27,906.00 was carried forward to the next financial year.
` 10.00 crore was allocated during the Financial year 2015-16. Rs. 5.00 crore was released as first installment after adjusting ` 79.28 lakh towards unspent balance of the year 2014-15 and releasing balance ` 4.2072 crore only. This is to appraise that it is natural to have a saving under the head “Salary” due to non-recruitment of posts, except of Vice Chancellor. As per provisions budget allocated under this head cannot be used elsewhere. The Finance Committee and Board of Management of the University,
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45
in the meetings organized on 10.11.15 and 10.2.16 respectively, identified NBCC to undertake construction work, recommended creation of necessary posts and approved proposals for capital expenditure. On the day of audit dated 08.03.2016, the Capital expenditure proposals like construction of pre-fabricated structures and Administrative Building, 35 KVA Electricity connections, purchase of tractor, computers, photocopier machine and furniture etc were under process. NBCC was requested to submit preliminary estimates for construction of pre-fabricated structures and administrative Building and other supply order were also issued. After the execution of supply orders and the receipt of preliminary estimates from NBCC for construction work, post their vetting and agreement etc., the following payments were made under Capital head till 19th March, 2016:
It is clear that allotted budget was utilized after completion of requisite formalities. It is also to appraise that the Administrative officer and Finance and Accounts officer are looking after full time work of their respective Institutions. They are discharging their additional responsibilities by working for additional hours beyond office timings and on holidays. The budgeted amount an was kept in a fixed deposit with Bank and an interest of ` 9,77,633 was earned for the University. In view of the circumstances explained and justification given above, it is requested that the audit para may kindly be settled/dropped.
S. No.
Details of expenditure under Capital
Payment (Rs.)
1. Advance to NBCC for construction of pre-fabricated structures & Administrative Building
315,00,000/-
2. Supply of Computers 1,07,942/-
3. Supply of Photocopier Machine
1,20,330/-
4. 35 KVA transformer & Electricity connection service
5,83,829/-
5. Supply of furniture 1,375,822/-
6. Supply of tractor 5,32,231/-
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46
Effect of Audit para on Annual Accounts 2014-15:
There is no effect or change in the figures of Annual Accounts 2014-15.
Current Status of para of Audit Report:
Senior Audit Officer/ A.B. (Section), Office of the Principal Director, Audit (Central) Lucknow, Branch Office Allahabad vide letter No. A.B.( Section)/AIR no. 194/2014-16/ 431 dated 14.07.2016 has conveyed that the para-1 of part 2(B) of the said audit report is repealed.