Chapter 7 RELEASE OF FUNDS BY THE SANGATHAN AND THEIR UTILISATION Page Article Specific Proposed Amended Clause No. No. Reference Sanction and Remittance of Funds to KVs Grants are sanctioned by the Ministry of Human Resource Development (Department of dated Education) and some Public Sector Undertakings etc. to the Sangathan from time to time on the basis of its approved budget and the funds so received are distributed by the Sangathan directly or through various regional offices to the Schools. The audit of the accounts of the Sangathan (including Kendriya Vidyalayas) is being carried out by the Director General of Audit, Central Revenues/Expenditure as Principal Auditor and other 78 State Accountants General (Audit) as Sub-Auditors in terms of Section 20 (1) of the Comptroller and Auditor General (Duties, Powers and Conditions of Service) Act, 1970 on payment of the prescribed audit fees. NOTE: The payment of audit fee in respect of Kendriya Vidyalayas is arranged centrally by the Sangathan Office to the Director General of Audit, Central Revenues/Expenditure and bills if any, received in this regard by the Kendriya Vidyalayas and Regional Offices, may be passed on to the Sangathan Office for necessary payment after due verification. The sanctioned annual grant is normally released by the Ministry to the Sangathan in 79 four instalments. On their receipt, proportionate funds are released by the Sangathan Office directly or through the respective Regional Offices, as the case may be, to meet
Chapter 7 RELEASE OF FUNDS BY THE SANGATHAN AND THEIR UTILISATION Page No. Article No. Specific Reference Proposed Amended Clause 78 Sanction and Remittance of Funds to KVs Grants are sanctioned by the Ministry of Human Resource Development (Department of Education) and some Public Sector Undertakings etc. to the Sangathan from time to time on the basis of its approved budget and the funds so received are distributed by the Sangathan directly or through various regional offices to the Schools. The audit of the accounts of the Sangathan (including Kendriya Vidyalayas) is being carried out by the Director General of Audit, Central Revenues/Expenditure as Principal Auditor and other State Accountants General (Audit) as Sub-Auditors in terms of Section 20 (1) of the Comptroller and Auditor General (Duties, Powers and Conditions of Service) Act, 1970 on payment of the prescribed audit fees. NOTE: The payment of audit fee in respect of Kendriya Vidyalayas is arranged centrally by the Sangathan Office to the Director General of Audit, Central Revenues/Expenditure and bills if any, received in this regard by the Kendriya Vidyalayas and Regional Offices, may be passed on to the Sangathan Office for necessary payment after due verification. dated 79 The sanctioned annual grant is normally released by the Ministry to the Sangathan in four instalments. On their receipt, proportionate funds are released by the Sangathan Office directly or through the respective Regional Offices, as the case may be, to meet