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Statutory > Governance

Finance Committee

S. No. Name Designation
1 Dr. G. Srinivasa Rao, Principal Chairman
2 Prof. P. Venkata Rama Raju, Vice Principal Member
3 Dr. G. Subba Raju, HOD-MBA Member
4 Dr. V. Purushothama Raju, Professor, CSE Dept. Member
5 Dr. V. V. R. Maheswara Rao, IQAC Coordinator Member
6 Mr. Md. Siddiq, A.O. Member
7 Mr. S S S Varma, Finance Manager Coordinator

The Finance Committee specific responsibilities include:

  • Ensure that the financial elements of the organization are in accord with its vision, mission, values and strategic planning
  • Oversee annual and long-range operating and capital budgets
  • Recommending policies that maintain and improve the financial health and integrity of the Institute
  • Reviewing and recommending a long-range financial plan for the organization
  • Reviewing and recommending capital expenditures and unbudgeted operating expenditures
  • Ensure that the buildings, land, equipment and machinery are maintained up-to-date and that the stock taking of equipment’s and other consumable materials in the offices, laboratories and workshops of the Institute is conducted regularly
  • Regularly review the Institute revenues, expenditure and balance sheets related to its continued solvency
  • Approve the annual budget and submit it to the Director-Finance for approval
  • To ensure the smooth running of all tasks associated with finance function at each level
  • Ensure the Institute to maintain proper procedures for Banking and Record-keeping
  • Preparation of annual audit Identify any illegal, unethical, or incompetent financial dealings engaged in by individuals or groups that the Institute deals with, or financial arrangements that may harm the Institute or someone else