Treasury Operations
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May 19, 2012 at 4:36 pm #67499
Anonymous
InactiveTreasury is the pivot of financial administration in the State. All Treasuries and Sub-Treasuries in a District are headed by the Collector of the district. All financial transactions of the Govt. are made from Treasuries and Sub-Treasuries in the State.
May 19, 2012 at 4:38 pm #72630InactiveWhat is the difference between Treasury and Sub-Treasury?
There shall be a Treasury in every district Headquarter which is under the administrative control of the Collector of the District. The Treasury Officer is the representative of the Collector. All financial transactions of the Govt. are made from Treasury. There are two departments in the Treasury:
(i) Accounts Department under the charge of an Accountant,
(ii) Cash Department where Cash, Stamp, Opium etc. are kept under the charge of a Treasurer.
Dist. Treasury is authorised to submit its monthly accounts i.e. List of payment and Cash account direct to the State Accountant General.
Sub-Treasury
As per requirement of the public demand one or more Sub-Treasuries are opened in a district under the control of District Treasury. The function of Sub-Treasury is the same as District Treasury excepting the sending of monthly accounts direct to the State Accountant General. Daily accounts of receipts and payments of moneys at Sub-Treasury must be included in the accounts of District Treasury who submits the month accounts of District Treasury along with Sub-Treasuries in the district to the State Accountant General. Sub-Treasury is also under the administrative control of the Collector of the District.
In West Bengal all Sub-Treasuries have been upgraded to Treasuries so that they may submit their monthly accounts direct to the State Accountant General.May 24, 2012 at 1:25 pm #72669InactiveWhat is the difference between Banking Treasury and Non-Banking Treasury?
Banking Treasury
Cash business of the Treasury is respect of Receipts and Payments are made by the Reserve Bank of India or by its authorised Bank.
Non-Banking Treasury
Cash business of Treasury in respect of Receipts arid Payments are made other then the Bank. The same is made by the treasury.May 24, 2012 at 1:31 pm #72670InactiveWho is the in-charge of the Treasury Operation? What are the main function of the Treasury?
The Treasury Officer is the in-charge of Treasury on behalf of the Collector. The Treasuries are of two kinds — Banking and Non-banking.
The main functions of the Treasury are given below:
(a) Receipt of money from public and departmental officers for the purpose of crediting the same to the appropriate Govt. account.
(b) Payment of claims against Govt. on bills, cheques and other instruments presented by the D.D.O. or pensioner or other authorities.
(c) Maintenance of initial and subsidiary accounts of receipts and payments and submission of monthly accounts to the Stale Account General for the purpose of detailed compilation and consolidation of account.
(d) Acting as Banker in respect of banking nature of accounts of local bodies, Zilla Parishads, Panchayat, Institutions etc. viz. Local Fund Account, Provident Fund Deposit Account.
(e) Stamp, Opium and other valuables are kept in the Treasury Strong Room which is under the custody of the Treasury Officer.
(f) In case of non-banking Treasury, custodian of cash balance and conducting of cash business of Govt.May 27, 2012 at 1:19 pm #72699InactiveWhat are the duties of the Collector and Treasury Officer in respect of Treasury?
(a) Duties of the Collector
Collector, as in general charge of Treasury shall immediately be responsible to Govt. for general administration and working of Treasury. The Collector is personally responsible to the Govt. for due accounting of all moneys received on account of revenue and public accounts and for the money withdrawals there from. At present all Treasuries in West Bengal are Banking Treasuries and as such the question of monthly cash verification does not arise. The Collector should intimate the A. G. West Bengal and other authorities in case of any defalcation from Treasury. In every six months verification of opium is necessary. He should inspect the Treasury once a year. He should closely watch over the submission of Treasury Accounts monthly in due time to the State Account General.
(b) Duties of the Treasury Officer
The Treasury Officer is the representative of the Collector. He is responsible to the Collector for proper functions of the Treasury as per rules and regulations framed by the Govt. He should submit the accounts monthly to the A.G. in due time. There is a Strong Room where cash and other valuables are kept for the safe custody. Treasury Officer is the in-charge of the Strong Room which is double locked.August 16, 2012 at 10:05 am #73663InactiveWhat is the procedure of opening the Treasury Strong Room?
Strong Room is double locked. For the opening the Treasury Strong Room presence of Treasury Officer and Treasurer is necessary. The locks and seals of the gate of the Strong Room should be verified before the opening of Strong Room. As per demands of the day, notes, and coins, and stamps and opium should be handed over to the Treasurer. The Strong Room should be double locked again. Value of cash, notes and opium in the hand of the Treasurer at any time shall not exceed his security-money.September 3, 2012 at 12:31 pm #73950InactiveQ. How moneys payable to Govt. are deposited?
OR
Q. What checks are applied in the Treasury in case of receipts?
The procedures of depositing the money to the Govt. account are given below:
(1) The money should be deposited to Treasury /Bank with a Challan form No. T.R.7 or any special challan specified by the Govt.
(2) Separate challan should be used for depositing money to different heads.
(3) Challan form should be filled up properly in triplicate, stating the nature of payment and the person on whose behalf the money is deposited.
(4) Correct Head of Account should be mentioned in the Challan, which will be verified by the departmental officer or the Treasury Officer.
(5) Verification of head of account is required for proper classification of account.
(6) In certain cases viz. Sales Tax etc. verification of challan by Treasury Officer/Departmental Officer is not necessary as the head of account has been printed therein. The amount in this regard may be deposited to the Bank by the depositors directly.September 3, 2012 at 12:35 pm #73951InactiveQ. What checks are applied in the Treasury in case of payments?
The claims are presented by the Drawing and Disbursing Officer or by public or by Pensioner. The claims should be checked by the Treasury Officer as under:
(a) Bills are prepared in proper form.
(b) Bills presented by public should be counter-signed by Departmental Officer.
(c) Arithmetical Accuracy.
(d) Correct head of account (classification).
(e) Verification of signature of D.D.O. lying in Treasury.
(f) Identification of Payee.
(g) Conformity with the authority of A.G. or the sanction of competent authority, if any.
(h) Bill with supporting schedules of recoveries.
(i) Sub-voucher above Rs. 500/-.
(j) New names included in pay bill are supported by L.P.C or Medical certificate of fitness.
(k) Sanction of appropriate authority or his countersignature on the bills.
(l) Receipt of legal acquittance.
(m) Erasing and overwriting are not admissible.
(n) Allotment of fund.
(o) In case of payment of pension and lapsed deposit etc, authority of Accountant General is required. Bills are then passed for payment by the Treasury and cheques are issued, where cheque system has been introduced so that the same may be encashed from the bank in case of Banking treasury. In case of non-banking treasury cash payment may be made by the Treasury.October 2, 2012 at 3:40 pm #74648InactiveBy whom claims are presented to the Treasury?
The following authorities mainly submit their claims:
(1) Drawing and Disbursing Officer.
(2) Public.
(3) Pensioner.October 2, 2012 at 3:45 pm #74650InactiveWhat are the three principal processes involved in the payment of the Govt. accounts?
There are three principal processes given below:
(a) Submission of claim,
(b) Disbursement of money claimed,
(c) Incorporation of transactions in accounts. -
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