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Financial Management & Physical Progress 11 th September, 2012

Financial Management & Physical Progress 11 th September, 2012. NRHM -Releases & Expenditure 2005-06 to 2010-12. Releases and Expenditure are inclusive of State share. States who could not Avail more than 90% of B.E during the F.Y 2011-12. DoE Conditionalities for Release of Funds.

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Financial Management & Physical Progress 11 th September, 2012

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  1. Financial Management & Physical Progress 11th September, 2012

  2. NRHM -Releases & Expenditure 2005-06 to 2010-12 Releases and Expenditure are inclusive of State share.

  3. States who could not Avail more than 90% of B.E during the F.Y 2011-12

  4. DoEConditionalities for Release of Funds Observance of discipline in fiscal transfers to States: • Furnishing the Utilization Certificates is MUST. • No funds transfer under any Plan schemes in relaxation of matching funding by the states. • State Governments to furnish monthly returns of Plan expenditure. • The unspent balances available with the States and implementation agencies to be taken into account before further releases are made.

  5. Criteria for Release of Funds First release of 75% of B.E.- No shortfall under State’s Matching contribution No Pending Audited UCs up to 2010-11 After deducting the Unspent balance Regular Financial Reporting Final release of balance 25% of B.E.- Submission of Consolidated Audit Report of 2011-12 and Audited UCs Credit of 25%/10% State Share to Bank account of SHS for the amount already released by GOI in 2012-13 after contributing the arrears of matching State share. Submission of Physical and Financial Progress made by the State. Compliance with above and ROP conditionalities of incentives and disincentives. All states MUST ensure compliance else release not possible

  6. State Share Status (High Focus States) Rs. in crore

  7. State Share Status (NE States) Rs. in crore

  8. State Share Status (Non High Focus States) Rs. in crore

  9. State Share Status (Small States/ UTs) Rs. in crore

  10. No /Low Releases (2012-13)

  11. Status of Director Finance at State Level The State should appoint the Director Finance immediately for improving the financial management system of the State.

  12. Statutory Audit and Financial Management Issues 2010-11

  13. Statutory Audit and Financial Management Issues 2010-11 The States to ensure to lay the Statutory Audit Report before the General Body Meeting for approval.

  14. Status of Statutory Audit for 2011-12 Concurrent Audit Status of 2011-12 Due date for submission of Statutory Audit of 2011-12 was 31st July, 2012. States/UTs are to furnish the Executive Summary on Concurrent Audit to the Ministry on quarterly basis.

  15. Status of FMR and SFP for the quarter ending 30th June 2012

  16. CAUTION It may be noted that the Centre’s Unspent Balance which remained as Non lapsable so far is proposed to become a part of Central Pool and the Unspent Balance will be adjusted against the Grants in Aid of the Next Financial Year (from 2013-14 and onwards).

  17. Ways to Improve the pace and quality of Funds Utilization • HR :- Filling up of vacant Finance Positions in the State including Director-Finance on priority. • Sensitization and Capacity Building : For Finance Personnel's at various levels as per the Training Calendar. • Financial Integration : Ensure Integration of all Vertical Programmes under the NRHM at all levels. • Implement the Model Hand Books and Operational Guidelines.

  18. Ways to Improve the pace and quality of Funds Utilization • Regular Review Meetings at State, District and Block levels, RKS levels. • Identify the areas of low utilization and initiate a detailed work plan for timely action. • Financial Monitoring of Advances especially under Procurements and Civil Construction. • Ensure timely release of matching state share. Send the UC for the state’s expenditure in 2007-08 on the Family Planning. • Track flow of funds using CPSMS and E-banking.

  19. Central Plan Scheme Monitoring System (CPSMS) CPSMS is fund monitoring system introduced by Controller General of Accounts ,Ministry of Finance and duly recommended by Planning Commission for all Ministries . The following are important features of CPSMS: • Tracking of flow of funds to the lowest level of implementation. • On line information of bank balances to facilitate “Just –In - time provision of funds to implementing agencies. • Decision Support System for all levels of programme managers. • Enhance transparency and accountability in public expenditure. Ensure its effective roll out.

  20. Integration of Banking System NRHM Operational Guidelines requires transfer of funds through banking channels and funds are transferred to the approved bank accounts. Following states still have to submit the approved bank details.

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