CHAPTER - 4

FINANCE MANAGEMENT

There are 9 Regional Boards working under the administrative and financial control
of MHADA. The Regional Boards maintain and prepare annual Account of revenue,
capital, and loans & advances etc individually and then they are consolidated into a single
Annual account of MHADA. Similarly the Budget estimates of MHADA are also prepared
and consolidated on the basis of the budget estimates of Regional Units/Boards.

1. Authority Fund: The Authority fund has been created as per the provision of
MHAD Act 1976 Section 34 . It contains moneys as follows.
All moneys received by MHADA as:-
(a) Grants, grant-in-aid, gifts, etc.
(b) Through Sale of tenements/developed plots/sale of land/ deposit/ service charges,
rent,other sources such as interest etc.
(c) Loan received from Govt. or any other financial institutions.

2. Form of Account: The accounts are maintained on commercial principles and

so far as works accounts are concerned they are maintained on public works Account
pattern. Income and expenditure accounts and balance sheet are prepared in each
units/Boards; which are further consolidated by the Authority.

3. Audit Arrangement:
The audit of the Authority is being conducted under Section 20(I) of the Comptroller
and Auditor Generals (Duties, powers, and conditions of services) Act 1971. The date of
entrustment of audit of the Authority (i.e. MHADA) to the Controller and Auditor General
of India has been extended upto the accounts for the year 2012-2013 (i.e. 31.3.2013) vide
MHADA`s Resolution No. 6371 Dated 31.03.2009
MHADA's Financial Statement (Budget ) at a glance statement for the year 2012-
2013 is appended herewith.

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MAHARASHTRA HOUSING & AREA DEVELOPMENT AUTHORITY
BUDGET AT A GLANCE
( Rs. In Crores )

Head of Accounts Original Revised Budget Budget

Budget 2011-2012 2012-2013
2011-2012

RECEIPTS

1. REVENUE 1119.75 943.95 1102.25

2. CAPITAL 647.07 447.78 1417.79

3. LOAN & ADVANCES 303.68 2.26 3.49

4. DEPOSITS 1034.27 468.78 1339.04

TOTAL – MHADA 3104.77 1862.78 3862.57

GOV. GRANT 3252.44 1297.84 1646.70

TOTAL - MHADA+ GOV 6357.21 3160.62 5509.27

EXPENDITURE

1. REVENUE 311.33 515.22 812.52

2. CAPITAL 1970.81 1171.17 2884.12

3. LOAN & ADVANCES 80.94 15.21 16.27

4. DEPOSITS 1321.32 404.18 1291.46

TOTAL – MHADA 3684.40 2105.79 5004.37

GOV. GRANT 3020.39 1163.24 1455.47

TOTAL - MHADA+ GOV 6704.78 3269.03 6459.84

SURPLUS (+) / (-) 347.58 (-)108.41 (-)950.57

DEFICIET (-)