1 / 28

16 th JRM FINANCIAL MANAGEMENT Thematic Session 21 st July 2012

16 th JRM FINANCIAL MANAGEMENT Thematic Session 21 st July 2012. Progress of Expenditure. Rs. in crore. Distribution of Expenditure – 2011-12. 3401 18925 2158 12111 1242 Total 37837. ` in crore. Category wise Allocation and Expenditure. Rs. in Crore.

kalb
Download Presentation

16 th JRM FINANCIAL MANAGEMENT Thematic Session 21 st July 2012

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 16th JRMFINANCIAL MANAGEMENTThematic Session21st July 2012

  2. Progress of Expenditure Rs. in crore

  3. Distribution of Expenditure – 2011-12 3401 18925 2158 12111 1242 Total 37837 ` in crore

  4. Category wise Allocation and Expenditure Rs. in Crore

  5. Improved Trend in Quarterly Expenditure • Improvement in expenditure trend after the introduction of monthly expenditure plan. % Achievement to approved outlay

  6. Analysis of Financial Performance

  7. Allocation of Outlay – 2012-13 ` in crore 7333 34501 3621 22938 1567 Total 69959

  8. Targeting Funds for the outlay of Rs. 69959 Crore in 2012-13 ` in crore

  9. Status on State Share • 20 States have released excess State share of Rs. 2554 cr. as on 31st March 2012.

  10. Status on State Share • Marginal Shortfall in 14 States amounting to Rs. 962.58 Cr. • Rs. 0.02 lakh is the shortfall in Orissa.

  11. Staff Position of Finance & Accounts

  12. Staff Position of Finance & Accounts

  13. Staff Position of Finance & Accounts • Position improved in 17 States of A&N Islands, Andhra Pradesh, Arunachal Pradesh, Daman & Diu, Delhi, Himachal Pradesh, Jharkhand, Karnataka, Madhya Pradesh, Maharashtra, Manipur, Orissa, Rajasthan, Uttar Pradesh, Uttarakhand and West Bengal • Sanctioned 20615 Accountants at block level in 2012-13. • 45% vacancy position at block level and the States need some more time to position them. • Urged the States to take urgent steps to fill up the existing vacancies. • Progress is being reviewed regularly in the Quarterly Review Meeting of State Finance Controllers.

  14. Capacity Building of Finance & Accounts staff • 5 days mandatory training for finance and accounts staff. • 15 States provided adequate training. • Inadequate training provided by 14 States. • No training was provided in 6 States.

  15. Capacity Building of Finance & Accounts staff • Initiatives taken at National level. • During review meetings of State Finance Controllers provided capacity building on: - • Moving towards quality in Financial Management with special reference to Annual Grants under SSA. • Preparation of Monthly Monitoring Report. • Maintenance of online software to monitor progress of procurement of contracts of above Rs. 10 lakh per contract. • Preparation of Annual Procurement Plan . • Procurement Procedure. • Accounting of 13th Finance Commission Award . • Responsive Accounting Procedure. • Settlement of Advances. • Tracking of funds at all levels. • Clearance of pending audit observations.

  16. Capacity Building of Finance & Accounts staff • Disseminated findings of the following: - • Recommendations of the 14th and 15th JRM. • Post Review of procurement carried out by World Bank Consultants. • Key observations made by Statutory Auditors for 2009-10 and 2010-11 • Key observations made by IPAI for the 3rd Phase of financial review. • Regional Capacity Building Workshops: - • With a view to develop a cadre of Master Trainers at State and District level, conducted 3 Regional Workshops at Western, Southern and Northern regions. • Four such Workshops are planned in the current year.

  17. Capacity Building of Finance & Accounts staff • Preparation of Annual Training Plan: - • To provide intensive capacity building at all levels, States have been requested to prepare an annual training plan. • 22 States prepared annual training plan for 2012-13. • 13 States of Andhra Pradesh, Chhattisgarh, Dadar & Nagar Haveli, Daman & Diu, Goa, Himachal Pradesh, Jammu & Kashmir, Lakshadweep, Manipur, Nagaland, Tamil Nadu, Uttar Pradesh and West Bengal are yet to prepare the plan. • Urged the States to provide adequate training at all levels and implement measures to assess its effectiveness and relevance. • Progress is being reviewed regularly in the Quarterly Review Meeting of State Finance Controllers.

  18. Accounting • Bank Reconciliation Statement • Prepared monthly up to district level in all States except some districts of Manipur and Meghalaya. • Introduced at BRC level in most of the States, except Arunachal Pradesh, Bihar, Delhi, Kerala, Manipur, Meghalaya, Rajasthan, Sikkim and Uttar Pradesh. • Monitored regularly in the Quarterly Review Meetings of State Finance Controllers. • Fund Flow • Release of GOI funds to all States by e-transfer/RTGS • Except Sikkim, all States releases funds by e-transfer/RTGS/Bank transfers from States to districts and districts to sub-district level units based on facilities available.

  19. Accounting Software • Installed in 30 States upto District level except in Madhya Pradesh (2 districts only covered) • BRC level covered in 6 States of Gujarat, Jharkhand, Maharashtra, Punjab, Tamil Nadu and West Bengal • Not installed in 5 States. • Parallel system of accounting is continuing in all States and the Manual cash book, is the basis of audit.

  20. Statutory Audit Report • Audit Reports of all the 35 States/UTs for the year 2010-11 are on the SSA website. • Comparative Statement of the receipt of Audit Report:-

  21. Statutory Audit (cont’d.) • Audit Report of 2011-12 is due on 1st November 2012. • Alert Memo for timely submission issued to all States on 11th June 2012. • Held a video conference on 10th July 2012 to take stock of the position. • Accounts for 2011-12 closed by all States. • Auditors appointed by all States except Goa, Gujarat and Uttarakhand (will be appointed shortly) • Audit is in process. • All States have committed to submit the report by due date. • Progress is being monitored in the Quarterly Review Meeting of State Finance Controllers.

  22. Statutory Audit (cont’d.) Compliance of Audit Report: • Awaited from the following States: • Vigorously pursuing with the States

  23. Statutory Audit (cont’d.) Compliance of Audit Report:

  24. Status of Internal Audit • 10 States on concurrent basis • 15 States in progress • 10 States not carried out

  25. Internal Audit • In view of the significant increase in the quantum of outlays, the States have been requested to strengthen the internal audit system as under: • Prepare an Annual Internal Audit Plan to focus on: • review of priority operations, internal controls and risk management in the high expenditure and priority areas like teacher’s salary, civil works, procurement, unadjusted advances, BRC/CRC expenditure etc. • Conduct the internal audit on concurrent basis. • Revise the staffing level as necessary to meet these objectives. • The progress is being monitored in the Quarterly Review Meeting of State Finance Controllers.

  26. Concurrent Financial Reviews & Procurement Plan IPAI has completed 1st, 2nd and 3rd phase of concurrent financial review in all States; reports shared with all States for follow up action: Settlement of review Reports: 1st phase : completed for 16 States; in progress for 19 States. 2nd phase: completed for 1 State; in progress for 34 States. 3rd phase: In progress for all States. The IPAI’s contract for the 4th Phase of review has now been extended for 2012-14.

  27. Concurrent Financial Reviews & Procurement Plan State Procurement Plan 2012-13: Requested the States to upload on States’ web-sites. Intimation received from 5 States of Andhra Pradesh, Madhya Pradesh, Maharashtra, Tripura and Rajasthan. On line software to monitor progress of procurement; Software hoisted in a dedicated website called www.rte-ssaprocurement.com. Login id and password shared with States and Districts. Operational Manual developed and disseminated.

  28. Thank You

More Related