The Finance Committee advises the Governing Council on financial matters. It shall prepare income and expenditure statements of the college in the prescribed format to submit for fixation of tuition and others fees of the college. The Finance Committee will be an advisory body to the Governing Council.
Functions of Finance Committee:
Finance committee shall meet and appraise the Governing Body on the finance related matters and have following functions.
Budget estimates relating to income from fees and other sources.
To seek all major and minor expenditure proposals from different committees, analyze them, establish the priorities and forward a tentative budget to Governing Body in time.
To plan proper utilization of resources and do careful funds management.
To prepare a detailed plan of expenditure for day-to-day running of the Institution
Preparation of audited account reports for the above.
To mobilize resources through donations from society, through funding agencies under various schemes, etc.
To sanction all the expenditure to procure major equipment as advised by the Governing Body.
To sanction expenditures for constructing new buildings after getting approval from the Governing Body.
To update the budgetary provisions by working out the budgetary implications of various plans of Planning & Institutional Development Committee.
Recommendation of appointment and salary of staff.
Composition of Finance Committee
Secretary, Vellalar Educational Institutions
Principal, Vellalar College of Education
Mr. N. Karthik
Manager, Vellalar College of Education
Assistant Professor, Vellalar College of Education