The Administrative Departments may ensure before releasing any fund on these accounts that the previous released amounts have been substantially utilized, so that the moneys do not remain idle in the bank accounts.
Governor has been pleased to empower the Additional Chief Secretary/ Principal Secretary/ Secretary to release States matching share as well as Central Share up to the Vote on Account provision.
To discontinue the practice of inviting competitive bids for Term/ Fixed Deposits from the Banks and shall place their deposits with the bank(s) with whom they have a regular course of business, including public sector banks.
Financial power of District Magistrate and Head of the Department (other than Commissioner/ Secretary) to sanction Office Rent as Rs. 8,000/- and Rs. 10,000/- for each house per month respectively.
No expenditure shall be drawn or incurred against a sanction unless funds are made available to meet the expenditure by the Controlling Officers or the administrative departments by valid appropriation or re-appropriation.
Bank account-wise consolidated plus-minus report prepared in the manner prescribed in item 7 of memo. No. 675-F dt. 22.01.2008 should be submitted at the quarterly interval.
Maximum 5% excess of Tender Value may be accepted by the ‘Tender Inviting Authority’ subject to the overall power of tender acceptance delegated to each level of engineer officers.
Assistant Engineers have the Tender Acceptance Power of Rs. 3 lakhs + 5% excess of Tender value as per the new delegation of financial power rule.
Undisbursed amount of cash should be deposited to the Govt. account within three months. A certificate by DDO after physical verification of cash and record.
The President of India makes Government Accounting Rules in 1990 which describes the general principles of Government Accounting for Government departments.