The Department of Finance and Accounts functions under the
division of Finance officers. Its Consists of Asstt. Registrar, Section Officer
(A/Cs), Assistants, UDCs/Cashier and LDCs. Since 1991 when the Vidyapeetha
became a Deemed University, it has been receiving grants from the Govt of India
since the financial year 1995-96. Now it gets full grants from the U.G.C.
All the transactions of any institution either begin from the Accounts
Department or end with the Accounts Department. Considering this, the Accounts
Department plays a vital role in the day to day functioning of the institution.
In our university as well, the Accounts Department plays the same role and the
activities of the department can be bifurcated into two broad segments:
Day to day activities
Day to day or routine activities can be depicted with the help of a flow chart
Receipt of Bill/Payment Order
Checking/Processing of the Bill
Preparation of Voucher
Checking of Voucher
Passing of Voucher
Entry into Cash Book
Posting in the Ledger
Preparation of monthly Trial Balance
Preparation of Annual Accounts at the end of the year
The other activities of the Accounts Department can broadly be classified as
Preparation of Budget Estimates
Providing information to the Ministry and other departments with respect to
Income and Expenditure of the University.
Dealing with Auditors
Investment of GP fund
Maintenance of GP Fund and other Advances
Preparation of monthly Salary and Pension bill.
Calculation of Income Tax on Salary and Pension.
Preparation of Income Tax Returns
The above list is only illustrative and not exhaustive.
Shri Lal Bahadur Shastri Rashtriya Sanskrit Vidyapeeth is sanctioned grants by
the University Grants Commission normally under two heads (1) Non Plan or
Maintenance Grant (2) Plan Grant.
The Annual Budget of Non Plan/Maintenance Grant of the Vidyapeetha is
approximately Rs. 800.00 Lakhs. For the Financial Year 2008-09,
the Vidyapeetha has been sanctioned a total sum of Rs.1258.02
Lakhs. The Maintenance Budget of the Vidyapeetha increase @ 10% to 15% every
year. To manage the functioning of the Accounts Department in a more efficient
way, certain committees have been formulated. The two important committees are:
These committees are represented by the MHRD and UGC through their nominees
The Accounts Department of Shri Lal Bahadur Shastri Rashtriya Sanskrit
Vidyapeeth is well equipped :
One Finance Officer
Two Assistant Registrars
one Section Officer
Two UDCs, one in charge of Cash
One Gr. D
The Accounts Department of the Vidyapeetha is very progressive and fully computerized.