About the Finance Department

The Finance Department of CSMRDA is integral to planning, organizing, auditing, accounting, and controlling the organization's finances. It oversees money management and the acquisition of additional funding, acting as the backbone of CSMRDA's developmental activities. Key responsibilities include monitoring cash flow, budgeting, managing income and expenditure, and filing returns.

Objectives

Ensure the financial health of CSMRDA.

Adhere to due procedures for incurring expenses.

Conduct pre-audits to prevent irregularities.

Safeguard revenue streams.

Functions

Annual Budget Preparation and Implementation: The Finance Department prepares the annual budget based on receipts and expenditures from the previous two years. Departmental heads provide projected expenditure inputs each November. The budget, incorporating feedback from the Metropolitan Commissioner, is submitted to the CSMRDA for approval.

Receipt and Expenditure Verification: Regular cross-verification of expenses with banks is conducted, with discrepancies addressed promptly.

Financial Advisory: The department provides insights and recommendations on financial matters, including administrative approvals, tender acceptances, and bill payments.

Bill Auditing and Payment: Bills from various departments undergo thorough audits before payments are processed to the appropriate agencies, without submission to the treasury.

Fund Management: Revenues are collected from various fees related to building permissions. After ensuring immediate expenditure needs are met, surplus funds are invested in fixed deposits per State Government guidelines.

Credit Rating and Surplus Fund Management.

Organisation Chart: