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FINANCE
The main function of the Finance
Division is to advise various Divisions and Research Institutes
of ICSSR on all financial matters. It provides adequate planning, budget
formulation, monitoring and disbursement of funds and examination of their
adequate utilization for the purposes for which these are made. The Division
also maintains proper accounts and records.
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Follow-up for getting grants from the Ministry of Human Resource Development; |
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Preparation of Budget Estimates/revised Estimates; |
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Allocation of Budget; |
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Preparation of Annual Accounts; |
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Preparation of Annual Accounts of various Projects and Programmes; |
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Preparation of Performance Budget of the Council |
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Acceptance of Government Revenues; |
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Maintenance of PF Accounts and its subsequent
investment;
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Distribution of grants to various Institutes, Scholars, Research Institutes or and Regional Centres etc; |
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Payment of salary and allowances given to employees, retired personnel & others. |
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The Division also takes care of payment of
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| a. | TA, DA |
| b. | Medical |
| c. | LTC/ Honorarium |
| d. | Pension and Other Benefits to Retirees |
| e. | Calculation and Deduction of income tax at Source |
| f. | Filing returns |
| g. | Monitoring Disbursement of TA/DA etc. for Various Programmes |
| h. | Auditing Council’s Accounts and submission to the Ministry of HRD etc. Expenditure incurred on the Council’s infrastructures, purchase of stationery, furniture etc. is paid by the Finance Division |
The Council has implemented Uniform
Financial Accounting Pattern, devised for the central autonomous bodies by preparing its Annual
Accounts 2005-06 as per the instructions of the Comptroller and Auditor
General of India (CAG). The Council is regularly paying Property Tax to
Municipal Corporation of Delhi (MCD). The Council abides by the statutory
requirements like filing of Income Tax Returns
on due dates etc. The Council is also committed to ensure that the persons
retiring should get their retirement benefits in time. It also runs Cash
Section, which happens to be the Drawing and
Disbursing Office for expeditious disposal of all payments, including
research, fellowship and other proposals under the supervision of Deputy
Chief Finance Officer.
The Council prepares Annual Accounts in the form of
Receipt and Payments, Incomes and Expenditures and Balance Sheets along
with Projects’ Accounts including Provident Fund Account. At present,
the Council is having Sponsored Research Programme such as ‘Current
Anthropology’, ‘Sarabhai Memorial Trust', 'ICSSR-ICMR Health
for All Project’, UNESCO, ‘Tribal Studies, ICSSR-IDPAD’,
‘ICSSR-Association of Asian Social Science Research Council (AASSREC)’
and ‘ICSSR-Scientrometric projects’.
The Council’s Annual Accounts gets ready by 30th
of June or every year, thereafter, remitting its accounts to The
Comptroller
and Auditor General for audit. On receipt of final certificates
from the Audit, The Audited Statement of Accounts and the
Annual Report
are laid on the Table of the Parliament. As and when any shortfall is
pointed out, the Council takes note and improves accordingly. For example,
the Comptroller and Auditor General (CAG) suggested charging depreciation
on its assets. The Council implemented it by charging depreciation on
its assets from 1.4.2001 onwards. It follows all Central Government Rules.
The Council grant has increased to more than
40 crores. It is desirable to have its own Internal
Audit System. Due to paucity of the staff, it has not been possible
to start its own Internal Cell. Hopefully, in future, the ICSSR will have
its own Internal System for checking the shortcomings, to strengthen the
Council. The Council is also planning to change its system from
Manual Accounting System to Computerized Accounting
System so that the accounts are finalized well in time and placed
before the Parliament. The Council is also planning to make its own financial
bulletins so that each and every official may acquaint himself about Council’s
functioning.
