Utilization of funds

28/03/2020

The ban on engagement of Casual Workers, Need Based Workers etc shall continue to be in force while the funds provided under all the beneficiary schemes shall be disbursed through DBT mode with 100 percent Aadhar Seeding, which shall be reviewed by each Administrative Secretary on monthly basis and beneficiary-wise furnished to the Finance Department on quarterly basis. The Government of Jammu and Kashmir has accorded sanction to the authorization of 50 percent of funds under Revenue Budget earmarked for the next financial year with strict instructions that no diversion shall be made under any pretext unless authorized by the Finance Department. An order in this regard was issued today by the Finance Department of J&K Government, thus paving the way for release of funds under Revenue component for the financial year 2020-21, except in case of a few heads. The expenditure shall be made strictly in accordance with the classification under which funds have been authorized by the Finance Depart-ment and no diversion shall be made under any pretext. Maintaining that the funds so released shall be utilized by the concerned authority only for the purpose specified after observing all pre-requisite formalities/procedures as required under rules and shall not be available for diversion at any level and for any reason whatsoever, the Finance Department has made it clear that the Treasury Officers shall not entertain bill without complete classification under which funds have been allocated.
All the budgetary allocations will be maintained strictly as per Demand for Grants, the Controlling Officers shall immediately release the funds through BEAMS to the line departments within a period of one week from the date of authorization of funds by the Finance Department , beyond which it shall be deemed to have been withdrawn. The utilization of funds shall be subject to the condition that all the Director Finance(s)/FA & CAO(s) shall ensure submission of monthly revenue and expenditure statements to the Finance Department before 5th of following month while all the Controlling Officers/DDOs shall conduct periodic reconciliation of remittance and drawals with Treasury and the office of the Accountant General (A&E), J&K to ensure correct reflection of Income and expenditure in the finance and other Accounts. The Controlling Officers shall strictly monitor the public receipts and expenditure with reference to the authorized funds and all the standing rules and regulations while all the sanctions/ approvals mandated and clearances under General Financial Rules should be in place before drawl of money from the Treasury. The Treasury Officers concerned shall ensure that releases have been made by DDOs via BEAMS. They shall also be personally liable for making any payment not authorized and accepted on BEAMS application.

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