Thursday, 1 September 2022

6.4.3 Institutional strategies for mobilization of funds and optimal utilization of resources are in place.



 

  We are collecting Tuition fees & Miscellaneous fees and Caution Deposit.

1.      Tuition fees are utilized for salary purpose, building construction and maintenance, purchase of equipments, and to meet all other expense related to college.

2.      Miscellaneous fees collected from the students include Application and admission fee, Women cell fee, College union fee, Student welfare fee, Library & Laboratory fees, Fee for Seminars & Workshops, Prospectus & syllabus, PTA fund, Medical aid, Fee for Celebrations, and Model examination, Record book, Uniform, & Text book fee.  We utilized these fees to meet all the academic curricular and co-curricular activities.  We also collect University Union Fee & Sports Affiliation Fee for 2nd year students which are remitting to university.

Application and admission fee is collected to meet expense of admission procedure.

Women Development Cell fee is utilized for organizing various woman empowerment programs and the celebration of women’s day in every year

College union fee is collected from the students for conducting programes organized by College Union.

Student welfare fee collected is utilizing for the welfare of students.

Library and lab fee collected is utilized for the maintenance of computer & accessories, laboratory equipments, and purchase of library books.

Seminars and workshop fee collected is utilized for the conduct of National and International Seminars & workshops.

Prospectus and syllabus fee collected is utilized to pay the printing charge of prospectus & syllabus for students.

PTA fund is used to meet the PTA expense, purchase of equipments and also for the welfare of students.

The fee collected in relation with Medical aid is used as medical expenses.

The fee collected for Celebration, Arts and Sports is used to meet all the celebration expenses, related to arts festival and sports day meet.

Model examination fee collected is used to meet expense like purchase of answer sheets, and printing of question paper.

Record book fee collected is utilized to meet the printing cost of record book.

The fee collected for Uniform and Text books utilizes to meet the cost of uniform and text books.

3.      Caution Deposit is collected from each student. It is treated as current liability in accounts.  It is collected from the student to meet the unforeseen expense like breakage, and damage of equipments, damage and loss of library books.  We are maintaining a caution deposit register.  After the completion of the course, it will refund to the student.

 






















6.4.2 Funds / Donations received from non-government bodies, individuals, philanthropists averaged over the last five years (not covered in Criterion III)(INR in Lakhs)




































6.4.1 Institution conducts internal or/and external financial audit regularly



 INTERNAL AUDIT

We are maintaining a day book manually. The signatory will check all the receipt and payment in the day

book daily. The college authority is verifying the accounts as internal audit in every month. There is a

committee of 3 members from the management committee, which include signatories also. They check all

receipt book, fees registers, bank statements (Deposits and withdrawal) all vouchers, all bills every month

and counter signed by the authority. Fees arrears statement also verifying by the authority every month.

Bank reconciliation is doing every month.

EXTERNAL AUDIT

We have an authorized chartered accountant for auditing. External audit conduct 2 times in a year. 1st

half yearly audit and final audit. They will check all entries in the day book with the support of receipt

book, vouchers, and bank statements. For every transaction we will issue receipt and every payment we

will maintain voucher. Bill will attach with the voucher. Auditors will verify the fees entry register,

caution deposit register, stock register and acquittance register. We will enter all assets in stock register.

The salary will disburse through bank transfer. The salary payment is 1st of every month. We will

maintain acquittance register. EPF & ESI benefits also provided by the management to all the staff. We

will pay the monthly contribution before 10th of every month. We will submit bank reconciliation

statement duly signed by the bank manager at end of financial year. After auditing they will issue audit

report duly signed by the auditor.






























6.3.5 - The institution has a performance appraisal system for teaching and non-teaching staff

 

Institution has Performance Appraisal System for teaching and non-teaching staff

 

The institution has an effective performance appraisal system for teaching and non-teaching staff. The overall supervision of the academic and administration functions of the institution is performed by the principal who receives a report as all feedback and interact with the teaching faculty, staff students and guardians to gain first hand information on the academic and administrations of the institution. Every year the outgoing students carry out and submit teacher evaluation and campus evaluation surveys. The teacher evaluation forms have criteria related to aspects of teaching on which the opinion of the students is sought. The duly filled in forms are analyzed by the Principal and the feedback thus obtained is judiciously addressed for the betterment of the teaching-learning process. The principal evaluates the self appraisal reports of the faculty members. The feedback received is used to identify areas of improvement in the academic and administrative functions.  Faculty assessments are made on the basis of self appraisal reports, students and stakeholders feedback. Concerned faculty is informed by the principal about the feedback and asked to implement the desirable changes. The management promotes faculty for carrier progression. In cases where laxity or lacunae is observed the teacher in question is counseled by the Principal and urged to improve his/her performance in the interest of professional upgradation and better service-delivery to our primary stakeholders, namely the students. The performance of the non-teaching staff is appraised by the final year students in the campus evaluation survey. They are assessed on the parameters of efficiency, cordiality and overall helpfulness. These questionnaires too are analyzed by the Principal who counsels those non-teaching staff members whose performance has invited criticism or needs improvement. The performance of those teaching and non-teaching staff members who have not fared well in the students’ feedback is closely monitored.  An improvement in the subsequent performance of the said staff members has usually been noticed. In the infrequent instances when this does not happen systematic reminders are issued to the concerned staff member in a bid to correct imbalances and restore optimal efficiency in the institution. 

 















































 







6.3.4 Percentage of teachers undergoing online / face to face Faculty Development Programmes (FDPs) viz., Orientation Programme and Refresher Course of the ASC / HRDC, Short Term Page 98/

 































6.3.3 Number of professional development /administrative training programmes organized by the institution for teaching and non-teaching staff during the last five years.


















                                                    


                                                   




6.3.2 Percentage of teachers provided with financial support to attend seminars / conferences / workshops and towards membership fees of professional bodies during the last five years










































































 

6.4.3 Institutional strategies for mobilization of funds and optimal utilization of resources are in place.

    We are collecting Tuition fees & Miscellaneous fees and Caution Deposit. 1.       Tuition fees are utilized for salary purpose, bu...