The Finance Committee present the financial implications and the audit report to the Governing Body. It also serves as an advisory team, which would offer sagacious suggestions to the Governing Body to use the funds with discretion.
Composition of Finance Committee:
The Principal (Chairman).
One person to be nominated by the Governing Body of the college for a period of two years.
Finance Officer of the affiliating University
One senior-most teacher of the college to be nominated in rotation by the principal for two years.
Term of the Finance Committee shall be three years.
Functions of the Finance Committee:
Budget estimates relating to the grant received/receivable from UGC, and income from fees, etc. collected for the activities to undertake the scheme of autonomy; and
Audited accounts for the above
No expenditure other than that provided in the budget shall be incurred by the Institute without the approval of the Finance Committee.
To provide the financial estimates in respect of building and other infrastructural facilities that are planned to be provided based on the recommendations of Institute Development Committee.
Scrutinizes the budget submitted by the different depts. and monitor the utilization of department’s budget.
The Finance Committee shall meet at least twice a year.
Members of Financial Committee:
Name of the Member
Details of the Member
Dr. K. Appa Rao
Principal, Lakireddy Bali Reddy College of Engineering
Sri K. Thimma Reddy
Director, Infra Lakireddy Bali Reddy College of Engineering