Section 11(8) in First Statutes of the Rai University
(8)The Chief Finance Officer shall-i. Manage properties and investments of the University, including trust and immovable properties for fulfilling any of the objects of the University;ii. Be responsible for the preparation of the annual accounts and the budget of the University and for their presentation to the President/Governing Body after they have been considered by the finance committee;iii. Keep a constant watch on the cash, bank balance and investments;iv. Watch the progress of collection of revenue and advise on the methods of collection employed;v. Ensure that the registers of properties of the University are maintained properly and the stock- checking of equipment and other materials in the offices of the University including off-campus Centers, examination centres, Study Centers and other institutions maintained by the University is conducted regularly;vi. Bring to the notice of the President any unauthorized expenditure or other financial irregularities and suggest appropriate action,vii. Call from any office of the University, including off-campus centres, examination Centers, Study Centers and other institutions maintained by the University, any information or reports that he may consider necessary for the performance of his functions;
