Functions

The spectrum of work, for which the O/o Chief Financial Controller is responsible, in the revised outcome driven financial and accounting regime under the Scheme of ‘Integrated Financial Adviser’ are enumerated below:

• Receipts and Payments
• Authorisation of Pension and other retirement benefits
• Accounting
• Reporting
• Compliance and Risk Based Audit

1. Receipts and Payments:

• Accurate and timely payments in conformity with prescribed rules and regulations
• Realization and accounting of government receipts
• Speedy settlement of Pensions, Provident Fund and other claims
• Settlement of Inward and Outward Claims

2. Authorisation of pension & other retirement benefits

• Authorisation of pension, gratuity, commutation of pension etc.
• Payment of provisional pension
• Authorisation of final payment of GPF.

3. Accounting:

• Timely and accurate compilation and consolidation of monthly and annual accounts
• Efficient service delivery to the Ministry/Department by the banking system.
• Adherence to prescribed accounting standards, rules and principles

4. Reporting

• Compilation and submission of Monthly and Annual Accounts, Finance Accounts to CGA
• Timely, accurate, comprehensive, relevant and useful Financial Reporting
• Making accounting information available to the concerned authorities for effective Financial management

5. Compliance and Risk Based Audit:

• Assessment of adequacy and effectiveness of Internal controls in general and soundness of financial systems and reliability of financial and accounting reports in particular;
• Identification and monitoring of risk factors including those contained in the Outcome Budget;
• Critical assessment of economy, efficiency, and effectiveness of service delivery mechanism to ensure value for money; and
• Providing an effective monitoring system to facilitate and course corrections