17. Powers and functions of Finance and Accounts Officer.
(1)The Finance and Accounts Officer shall,-(a)exercise general supervision and management over the funds and investment of the University and shall advise the University as regards its financial policy; and(b)exercise such other powers and perform such other financial functions, as may be assigned to him by the Board, or as may be prescribed :Provided dial the Finance and Accounts Officer shall not incur any expenditure or make any investment exceeding such amount as may he prescribed except with the previous approval of the Board.(2)Subject to the control of the Board, the Finance and Accounts Officer shall,-(a)endeavour to ensure that the recurring and non-recurring expenditure are made as authorized in the Budget or as per the limits fixed by the Board for a year and ensure that all moneys arc expended tor the purposes for which they arc granted or al' -Lied;(b)be responsible for the preparation of annual accounts, financial estimates and the budget of the University and for their presentation to the Finance Committee and the Board;(c)keep a constant watch on the cash and bank balances and of investments;(d)watch the progress of the collection of revenue and advise on the methods of collection employed;(e)ensure that the registers of buildings, land, furniture and equipments are maintained up-to-date, and that stock checking is conducted in respect of equipments and other consumable materials in all offices, laboratories, colleges and institutions maintained by the University;(f)bring to the notice of the Vice-Chancellor any unauthorized expenditure or other financial irregularity and suggest appropriate action to be taken against persons at fault; and(g)call from any office, laboratory, college or institution maintained by the University, any information or returns as he may consider necessary for the exercise of his powers, performance of his functions or discharge of his duties.(3)When the office of the Finance and Accounts Officer is vacant, or when the Finance and Accounts Officer is, by reason of illness or absence for any other cause unable to exercise the powers, perform the functions and discharge the duties of his office, the powers, functions and duties of the office of the Finance and Accounts Officer shall be exercised, performed and discharged by such person as the Vice-Chancellor may appoint for the purpose.
