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                                                                    FINANCE COMMITTEE

  COMPOSITION OF FINANCE COMMITTEE

        

MEMBERS OF FINANCE COMMITTE                                                 DESIGNATION

1. Vice-Chairman, Kendriya Vidyalaya Sangathan        Chairman 2. Finance Member, Kendriya Vidyalaya Sangathan        Member 3. Representative of the Ministry of Defence who is a member of the Kendriya Vidyalaya Sangathan        Member 4. Commissioner, Kendriya Vidyalaya Sangathan        Member 5. Joint Commissioner(Finance),Kendriya Vidyalaya Sangathan        Member-Secretary

 

                                       FUNCTIONS OF FINANCE COMMITTEE

1). To scrutinise the accounts and budget estimates of the Sangathan and to make recommendations to the Board/ Chairman.

2) To consider and make recommendataions to the Board / Chairman on proposals for new expenditure on account of major    works and purchases which shall be referred to the Finance Committee for opinion before they are considered by the Board / Chairman

3) To scrutinise re-appropriation statements and audit notes and make recommendations thereon to the Board / Chairman.

4) To review the finances of the Sangathan from time to time and have concurrent audit conducted whenever necessary ; and

5) To give advice and make recommendations to the Board / Chairman on any other financial question affecting the affairs of the Sangathan.