Background

Finance 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 into the stock register.

  • 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 Position
1 Dr. R. Ganesan Principal Chairman of the Committee
2 Dr. G. Ra. Gokul Managing Trustee & Chairman Co-opted Member
3 Dr. N. Rengarajan Executive Director Nominee of the Governing Body
4 Mr. G. Kannan Manager, Meenakshi Ammal Trust Co-opted Member
5 Mr. C. Vijayakumar Chartered Accountant Co-opted Member