About the Committee
The Finance & Purchase Committee serves as an advisory body, providing guidance on financial matters pertaining to the College. Finance and Accounts Annual statements are examined by the committee prior to submitting to the Governing Body for review and approval. To ensure proper utilization of fund allocated and preparing income & expenditure statements in the prescribed format.
Vision
To make sure optimal fund utilization to develop professionals.
Mission
- To retain dedicated and experienced faculties.
- To set a long-term financial goal.
- Adherence to the institution budget allocated.
Functions of the Committee
- Finance committee meeting is conducted to discuss the budget requirement.
- Requirement of equipment and consumables is collected and consolidated from each department at the end of the even semester.
- Consolidating the budget requirement for submission to the management for approval
- Communicating the budget allocated by the management to the departments.
- Ensuring the completion of purchase and entered in to the stock register.
Roles & Responsibilities
- Preparing annual operating Budget.
- The Finance Committee will regulate revenue generation from various sources like fees and funds from various organizations.
- To formulate a financial plan for the institution’s ongoing day to day operations.
- Setting financial goals and strategies to achieve them.
- Generating reports on audited financial statements.
- To prepare a guideline and process for procurements of materials, equipment and other items for the Institution.
- To regulate the purchases of various Departments and to ensure the procurement of required items as per schedule.
- To call for tender/quotations and scrutinize, items of purchase.
- Ensuring that its expenses remain within the budget allocated.
- To plan proper utilization of resources and fund management.
- To prepare the audit statement at the end of the financial year.
COMMITTEE MEMBERS
S. No | Name | Designation | Department | Position |
1 | Dr R. Ganesan | Principal | MCE | Chairman |
2 | Mr V. R. Vithur | Administrative Officer | Administration | Function Head |
3 | Mrs B. Vennilapriya | Assistant Professor | ECE | Convener |
4 | Dr G Deenadayalan | Professor | MECH | Member |
5 | Dr E. Hemavathi | Associate Professor | MBA | Member |
6 | Mr K. RamDev | Assistant Professor | MCA | Member |
7 | Mrs S. Vennila | Assistant Professor | EEE | Member |
8 | Mrs S. Padmavathi | Librarian | Library | Member |
9 | Mrs D. Rejitha | Assistant Professor | CSE | Member |
10 | Mrs K. Maybell Sheela | Assistant Professor | S&H | Member |
11 | Mr E. Senthilkumar | Assistant Professor | CIVIL | Member |