Rajiv Gandhi University of Health Sciences, Karnataka

Finance

The Finance and Accounts Department of the University of Rajiv Gandhi University is engaged in providing services pertaining to Finance and maintenance of Accounts of Teaching and Non-Teaching Departments / Sections / Affiliated Colleges. who is assisted by a team of Officers and officials from State Accounts Department and University.
Centralized Finance Units are Pay, Bills, Grants, Endowment, Budget, Examination, Student Welfare, Sports etc., The Finance Officre discharges duties as mentioned in RGUHS Act 1994 and co-ordinates matters pertaining to Finance Accounts under over all supervision of Vice-Chancellor adhering to laid down rules, regulations and time frame so as to contribute in enhancing the overall development.

Services:

Finance Section provides a wide range of services for staff , faculty, Colleges and students to support the University Mission.

Our primary focus is to provide the University as a whole and individuals holding budget responsibility with financial services and advice. This involves the payment of bills and salaries and collection of receipts owed to the University. It also covers the production of monitoring reports and forward financial plans such as Budgets and Annual Accounts etc.,

The department also conducts ad hoc exercises such as investment proposal reviews, the raising of funds and is involved in the introduction of various initiatives relating to financial management. We are also required to ensure that the University operates its affairs within the various external financial and tax regulations and ensure that the University's financial records satisfy external audit.

Mission of Finance Department

Our mission is “to provide, in a cost efficient, professional and timely manner, service that allow the University to meet its statutory financial obligations and internal financial management objectives”.

Objectives of Finance Department:

Disposal of Bills received from colleges / Teaching /Non-Teaching Faculties , and other bills as possible as early.

Containing Expenditure with in sanctioned Budget.

Progressive reduction in cumulative audit objections, raised during statutory audit.

Progressive reduction in the frequency of Cheques and Bills being returned for compliance

Finance and Funding:

The key financial objectives of the University are to provide the long term resources to strengthen and further its pre-eminent position, nationally and internationally – as a place of outstanding learning, teaching and research, and to enable it to provide additional support to its core priorities of students, academic staff and buildings.

The University funding comes from:

Affiliated fees

Admission fees

Examination fees