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Works Programme Brief Overview 2.3.09 PowerPoint PPT Presentation


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Works Programme Brief Overview 2.3.09 . Role of Finance. Financial as well as advisory roles. Advises on all matters involving finances - Projects big and small or - Day-to-day expenditure. Scrutiny from point of view of - Financial prudence and - Financial proprietary.

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Works Programme Brief Overview 2.3.09

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Works programme brief overview 2 3 09

Works Programme

Brief Overview

2.3.09


Works programme brief overview 2 3 09

Role of Finance

Financial as well as advisory roles.

Advises on all matters involving finances

- Projects big and small or

- Day-to-day expenditure.

Scrutiny from point of view of

- Financial prudence and

- Financial proprietary.


Role of finance contd

Role of Finance ..contd.

Compliance with all the rules, the guidelines issued from time to time by Rly Bd., GM etc and

Compliance with powers delegated under SOP.

Highlighting abut possible unnecessary/avoidable expenditure

Focus on financial viability and the achievability or otherwise of the projected benefits


Role of finance contd1

Role of Finance ..contd.

Scrutiny of Estimates,

Verification of Briefing Notes,

Vetting of Indents, Agreements etc.

Review of financial progress of the works sanctioned vis-à-vis new works proposed.

Scope and type of working of Finance differs from Headquarters to Division mainly depending on the value of works being executed by Construction/Open line Organisation.


Receipts

Receipts

Pass

Other

Chg

Receipts

Goods

Misc.

Receipts

Subsidy

Sundry

Safety

Surcharge


Expenditure

Expenditure

Appropriation

to DRF

Appropriation

to PF

Railway

expenditure

Operating

Expenses

Misc.Exp

Appropriation

to SRSF

Appropriation to

DF,SF,CF

(Excess)

Dividend

OLWR


Where the rupee came from

Where the Rupee came from


Where the rupee went

Where the Rupee went


Plan outlay

Plan Outlay

Appropriation

to DF,SF,CF

Appropriation

to SRSF

Railway Plan Outlay

Appropriation

to DRF

OLWR

Capital from

General Exchequer

Market Borrowings

IRFC, Wagon investment

Schemes, PPP

Contribution from

General Exchequer

To SRSF


Works programme brief overview 2 3 09

Traffic

Potential

National

Economy

DRF

Infra-

structure

Capacity

CF

DF

SF

E

X

C

E

S

S

Total

Receipts

Less

Total

Expenditure

SRSF

Plan

Size

Plan

Size

OLWR

Strings

Repayment

of interest

and

Capital

component

Market

Borrowings

Dividend Liability

Budgetary

Support

Central

Govt

Subsidy Dividend Relief


Sources of plan expenditure

Sources of Plan Expenditure

  • Internal Generation (DRF, SRSF, SF, DF,CF, OLWR)

  • From General Exchequer

    (Budgetary Support + Contribution from General Exchequer for SRSF)

  • IRFC Borrowings

  • PPP

  • Wagon Investment Scheme


Why pwp

WHY PWP ?

  • RELATIVE PRIORITIES

  • CATEGORY OF WORKS

  • CLASSIFICATION OF EXPENDITURE

  • CATEGORY OF EXPENDITURE

  • PROCESSING OF NEW WORKS


Nodal departments

NODAL DEPARTMENTS


Works programme brief overview 2 3 09

back


Time schedule for pwp 2008 09

TIME SCHEDULE FOR PWP 2008-09


Time schedule for pwp 2008 091

TIME SCHEDULE FOR PWP 2008-09

  • Selection of new proposals under Staff Amenities and ‘Staff Quarters

    plan heads by CPO in consultation with representative of Orgranised Labour 15.06.2007

  • Selection of new proposals under Plan head ‘Passenger Amenities’

    and ‘Other Railway Users Amenities’ by CCM/PS and CE/PD 29.06.2007

  • Meeting of PHODs/DRMs by GM for selection of new proposals > 30 lakhs1st week of August, 07

  • Last date for forwarding justifications with detailed plans and estimates

    for the selected works by PHOD/HODs to PCE with the concurrence

    of FA&CAO. 27.08.2007

  • Submission of PWP 2008-09 to Railway Board 12.09.2007


Types of works

Types of Works

  • LUMPSUM WORKS

  • LIST OF APPROVED WORKS

  • ITEMISED WORKS UNDER PINK BOOK

  • OUT OF TURN WORKS

back


Proposals for pwp checklist

Proposals for PWP - Checklist

  • Administrative approval of Competent Authority.

  • Initial finance vetting of the respective Associate Finance.

  • Justification duly indicating the present facility and the proposed work.

  • Allocation of Expenditure and source of funding.

  • Compliance with Policy guidelines and all extant instructions, duly furnishing copies of the same.

  • The estimates should be based on the last accepted rates/ latest P.O/ rate analysis, giving necessary references for verification.

  • The quantities for major value items being supported with rough sketches and calculations

Contd…


Proposals for pwp checklist 2

Proposals for PWP – Checklist 2

  • In case of structural changes involving demolitions or major modifications to the existing facilities, the age and condition of these facilities should be commented upon in detail.

  • The assumptions/projections included in the ROR (wherever necessary) are supported with necessary field data and reports.

  • Details of Throw forward and permissible cost of each Plan Head.

  • Certification by the executive that the facilities proposed are barest minimum

  • Staff Quarters, views of Personnel Officer on necessity, demand for quarters duly considering the overall occupancy pattern.


Works programme brief overview 2 3 09

Finance Concurrence must spell out ...

  • The merit and the justification of the proposal indicating low cost alternatives available and considered.

  • Reasonableness of the rates and quantities particularly for the high value items.

  • Comments regarding the reasonableness of the assumptions made in the forecast of earnings/benefits that are expected to accrue from the proposed investment.

  • Correctness of ROR calculation under DCF technique.

  • The cost proposed is within the ceiling limit prescribe for the Planhead.


Works programme brief overview 2 3 09

Vetting should not contain expressions like ...

  • Vetted subject to rates and quantities being certified as reasonable by the executives’

  • For want of time the Rates and Quantities have not been checked.

  • Vetted in principle even though financial viability is not proved

    (Authority : AM/Budget’s letter

    No. F(X)II/2005/WP/1 dated 20.09.2005

    addressed to FA&CAOs.)


Works programme brief overview 2 3 09

THANK YOU


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