Sree Vahini - Best Engineering College

FINANACE COMMITTEE

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:

The term of the nominated members 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.

Meetings:

Meetings of the Governing Body shall be held at least twice a year.

Members of Finance Committee:

S. No.	Name of the Member	Details of the Member	Designation
1	Dr. R. Nagendra Babu	Principal, SVIST	Chairman
2	Dr. M. PapaRao	HOD MBA, SVIST	Member (Principal Nominee)
3	Sri M. Kishore Babu	Treasurer,KRES	Member (Governing Body Member)
4	Sri M. Srinivasa Rao	Accountant,SVIST	Member (Office Manager)

Governing Body Meeting Minutes:

Date of Meeting	Minutes of Meeting
15-09-2023	Click Here for 1^st Governing Body Meeting Minutes