Professional Documents
Culture Documents
BUDGET :
Annual financial statement of Receipts & Expenditure. consists of three Main Divisions . Consolidated Fund 2. Contingency Fund 3. Public Account (Para I I B.M.)
Consolidated Fund:
All Revenue Received. Loans Raised All Moneys received in re-payment of loans. (Para1-3)
Consolidated Fund
Revenue Account
Capital Account
Construction of Building, original works etc.
Loan Account
All loans raised/ given.
Taxes, duties, fees (for Service rendered) fines & penalties, revenue from forests etc Maintenance expenditure of Govt.
(2)
Contingency Fund:
It is reserve fund kept with state. 50 Cr in case of A P (3) Public Accounts. : All public moneys received by or on behalf of the state Govt. which are not creditable to the consolidated fund of the state i.e (1) P.F. (2) Deposits (4)Suspense / Misc.
CLASSIFICATION OF RECEIPTS
The 7 tier classification came into existence from 1974, both for plan & non plan. The structure of classification is mainly on sector basis (Para 5-2-1 BM). It is other wise called as sections (R & E Expenditure).
(i)
II Major Head: Separate H/A for each function. III Sub-Major: Further Division Head. IV Minor Head: Programme wise.
VII Detailed Head: (G.O.Ms.No:6647 Dt:27.10.01 Eg: Major Head : 2210 : Medical &Public Health
S.No. Function
RH RA
Exp.H RA
Exp.H Cp.
L&A
1.
2210
4210
6210
2.
Road Transport
1055
3055
5055
7055
(a)
Revenue Account. : Receipts Expenditure 0020-1999 2110-3999 (b) Capital Account.: . Receipts Expenditure 4000-4010 4100-5999 (c) Loan Account: 6000-7999 Contingency fund : 8000 Public Account : 8001-8999
PERIODICALS :
1. Communication of Budget from HOD to HOO Copies to the DTA, PAO & DTO in the dist. 2. Reconciliation of Accounts 3. Statement of Numbers 4. Reappropriations a. One Unit to other unit b. One head to Other head
c. No reappropriations between i). One grant to other grant ii). Charged to Voted vice versa iii) Plan to Non Plan iv) Detailed Head to other detailed head. v) Should not be done as a temporary measure
Entirely financed by the state b) Matching aid 75% ; 25% c) 50% aid from centre d) Some funds directly from the Central Govt. U.Cs to be sent to AG for the Central Govt. Schemes
NEW SCHEME
i) By sanctioning advance from state contingency fund. ii) Token grant in supplementary budget
PART II ESTIMATES To be sent to Government by 5th of June. Abandonment of existing items of revenue. For provision of marked increases in the budgetary inputs. SPILL OVER SCHEMES From one 5 year plan to another 5 year plan COMMITTED EXPENDITURE
REVISED BUDGET ESTIMATE OF CURRENT FINANCIAL YEAR. BUDGET ESTIMATES OF ENSUING FINANCIAL YEAR. To be Submitted to HOD by 1st sep.
1) Actual expenditure of first four months and in proportion estimating the requirement for the 8 months as revised estimates. 2) Actual Expenditure of 1st 4 months and Actual Expenditure of last 8 months of last financial year 3) Taking the average of past 3 years.
SUPPLEMENTARY BUDGET ESTIMATES For the schemes sanctioned after commencement of financial year. For the additionalty of the existing inputs. SURRENDERS By 25th of Dec. to HOD By 25th of Jan. to Finance Department.
PROJECTS AND PROGRAMMES APPRAISAL COMMITTEE. Secretary to Government in the administrative department Planning Secretary Finance Secretary Concerned HOD
RECONCILATION OF ACCOUNTS BOTH REVENUE AND EXPENDITURE First Week of Each Month DDO Regional Officer HOD Reconcilation with AGs figures