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33rd Review Meeting of Finance Controllers. New DELHI

33rd Review Meeting of Finance Controllers. New DELHI. 24 th to 2 5 th May , 2011 . NEW DEVELOMENTS : Strengthening of Financial monitoring. Funds has increased manifold --- Extent and Magnitude of expenditure has also increased. RTE – SSA has recently revised norms.

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33rd Review Meeting of Finance Controllers. New DELHI

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  1. 33rd Review Meeting of Finance Controllers. New DELHI 24thto 25th May , 2011

  2. NEW DEVELOMENTS : Strengthening of Financial monitoring • Funds has increased manifold --- Extent and Magnitude of expenditure has also increased. • RTE – SSA has recently revised norms. • GOI share has to be reported as • Grant In-Aid, Grant In Aid Capital • State Share --- 13th Finance Commission Award • Levels of monitoring required to be strengthened • National level • State level • District level • BRC/CRC level • Social Audit

  3. ROBUST FINANCIAL MONITORING ---- SSA RTE • Funds are released in a decentralised manner • Long experience educational programmes like DPEP, LokJhumbish , and SSA • Experienced Accounts staff • External audit and review integral part of programme • Social Audit part of SSA framework

  4. Provisioning of Account staff at block • JRM observations / world wide experience • Automation prevalent in the system like WEB Portal, e-transfers etc and VC • FM action Plan and Expenditure plan

  5. Strengths • Dissemination of FM Action Plan and monthly Expenditure Plan to districts • Encouraging districts for self monitoring against the plans. • Rigorous follow up on monthly expenditure plan at each level

  6. Important features of MMR • Achievement reported Based on the Targets of the current year based on PAB approvals • The states Submit MMR to MHRD by 7th of following month • Analysis of the reports at national level • Discussions are held pertaining to reports in the Quarterly Finance Controllers Meeting

  7. MMR received in a new format

  8. Expenditure Upto June, 2011

  9. Tracking of Fund Flow – through MMRs • Regular submission by the States. • MMR should correspond with the monthly expenditure plan. • Should be in the prescribed format and to be submitted to Divisional Head and under Secretary and TSG. • Figures should match with other reports and QPR sent to MHRD.

  10. Thank you.

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