Finance Department Information (About us)

Finance Department has two Functions Regulatory and Administrative
     

ADMINISTRATIVE

As far as the administrative Function is concern Finance Department is having 6 Head of Department under it. It controls the working of treasuries and rendition of A/c's to A.G., Internal Audit and Pension Claim preparation, statutory audit of local bodies and grant-in-aided institution, liaison between Nationalised Bank and Small Savings

The Finance Department is given the code no 04 in Mantralya. It is Headed by Hon'ble Minister Shri Raghavji. It is Situated on Second Floor of the Mantralya Building
   

REGULATORY

Regulatory Function of the department is the most important. It is the nodal center for  monitoring all financial transactions of the State. It performs all the  important function of budget preparation for the state as well as monitoring the  receipts and expenditure incurred during the year. The department also gives  loans to departments as well takes loans from different agencies to run its  various schemes and projects. Another important task of the department is to  monitor the reappropriation of funds. Preparation of Rules relating to financial matters and  its interpretation sought by the departments it also important function.

Budget Preparation

Budget preparation is the main responsibility of the Finance Department.  Budget or the Annual Financial Statement, is to be laid before the legislature  in each year.

Receipts and Expenditure Estimates from departments for Next Financial year,  the entire budget is prepared that shows an approximate picture of the accounts  in advance and prepare ready material for different department for their  working. The FD requests the departments to furnish material to serve as the  basis of estimates. The skeleton printed forms for the proposed estimate are  supplied by FD to each department Budget Controlling Officer wise. The Head of  Departments prepare the estimates for each head of account with which they are  concerned and forward them before prescribed date to the Finance Department and  the concerned administrative department. The Accountant General also submits  estimates under certain heads. He renders such assistance as is required by the  FD.

Once proposal of estimates received, the estimates are iteratively discussed  among the FD and the respective user departments and revised several times based  on past performance of the department and priorities of schemes etc.

Finally, the FD consolidates the estimates embodying the decisions of  Government and prepares the Budget Estimates. These are then put to the  legislature for final approval. On approval of the Council of Ministers, the documents are got printed in  form of Volumes and Grant wise detailed estimates of expenditure. These are discussed in the legislature with  reference to the policies and programmes of the Government in the FMs speech.  The individual demands for grants are moved by the respective ministers and  discussed in the House.

After approval of the legislature, the budget estimates are sent to the  Budget Controlling Officers. Then BCO, allocate the funds to different DDOs  depending on the initial estimates provided by them.

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