Finance Management
(1) Provide income/Expenditure statement based on the last financial year.
Details about income/ expenditure statement of the last financial year ended 31/3/2006 of the B.R.S. college – Dumiyani Is given in Report Section.
(2) Is the operating budget of the institution adequate to cover the day-to-day expenses? If not, how is it managed?.
Yes.
(3) Is the maintenance budget of the institution adequate with reference to its infrastructure and learning resources?
Yes. Till today, the college has not prepared any budget but when it is essential to create the need for finance for infrastructure and learning resources, it is allotted by the management.
(4) Does the institute have a mechanism for internal and external audit?
The institution has only internal audit mechanism and it as checked by the auditor (charter accountant) purely on internal base.
(5) IHave the accounts been audited regularity?
Yes, the accounts of the college have been audited regularly.
(6) What are major audit objections? How are they compiled with? Give details.
There are no any major audit objections suggested by internal auditor.