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Financial Monitoring under SSA

Financial Monitoring under SSA. Strengthening of Financial monitoring. Funds has increased manifold To increase largely with RTE and revised norms. Levels of monitoring required to be strengthened National level State level District level BRC/CRC level VEC level – Social Audit.

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Financial Monitoring under SSA

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  1. Financial Monitoringunder SSA

  2. Strengthening of Financial monitoring • Funds has increased manifold • To increase largely with RTE and revised norms. • Levels of monitoring required to be strengthened • National level • State level • District level • BRC/CRC level • VEC level – Social Audit

  3. National level Monitoring • Quarterly Review Meetings • Web portal • Video Conferences • CPSMS • JRMs • Field visit by Consultants / MHRD Officials • Preparation of FM Action Plan To ensure regular and correct flow of Information To enhance confidence in the system

  4. SWOT Analysis to strengthen Financial Monitoring Strengths…. • Funds are decentralised • Flexibility (Registered Society) • Alteast 9 years of experience • State and GoI fundings • External funding • DPEP experience • Senior positions in finance held by Senior Staff of State Finance and Accounts Department • External audit and review integral part of programme • Social Audit part of SSA framework

  5. SWOT Contd.. Weakness… • Limited financial knowledge at different level • Limitation of providing accounts staff at VEC level • Limited knowledge of software / technology • Limited knowledge of procurement process • Delays in appointments • Weak internal Audit • Weak / limited social participation and monitoring

  6. SWOT Contd.. Opportunities… • Enhanced funding---Increased management outlays • New norms for block accountants • CPSMS to be implemented by Planning Commission • JRM observations / world wide experience • Technology like VC/Web Portal, e-transfers etc • Experience of other educational programmes like DPEP, Lok Jhumbish etc. • Revised sharing pattern in favour of States

  7. SWOT Contd.. Threats… • 70% of SSA funds spent by sub district units with limited accounting knowledge • Frequent transfers • Vested interest of politicized VEC leaders / political interference • Limited availability of technology • Limited availability of skilled/ professional staff • Lack of coordination between different govt. dept specially education

  8. Example of Good Monitoring Strategies • Madhya Pradesh • APC finance responsible for timely submission of MMR. • DPC, APC provided training and to review progress on AWP&B fortnightly • Recuritment of competent account staff • Minimum days of field visit to be undertaken by each level of officers. • Meghalaya • DMC / Jt. DMC to publish in local daily about funds released to SMC/VEC. • West Bengal • Coordination between State functional coordinators to ensure achievement as per monthly expenditure plan.

  9. Suggested steps ahead … • Format for display board • Web portal to be made operational by September 2010 • 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. • Field visits / Review Missions • Audit observations to help in finding key features for monitoring

  10. Jharkhand Action proposed… progress… and remedies…

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