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Performance
Karnataka

Report No. 4 of the year 2021 - Performance Audit Report on Integrated Financial Management System - Khajane -II, Government of Karnataka.

Date on which Report Tabled:
Tue 20 Sep, 2022
Date of sending the report to Government
Tue 22 Mar, 2022
Government Type
State
Sector Finance

Overview

The Government of Karnataka implemented ‘Khajane’ (hereinafter referred to as K1) – an Information Technology (IT) platform for computerization of Treasuries from 2001.  The State Government decided (2009) to upgrade K1 into an Integrated Financial Management System (IFMS) known as ‘Khajane II’ (hereinafter referred to as K2).  K2 proposed to use latest web-based technologies with electronic interface with the citizens. It also proposed to electronically integrate with external stakeholders like bank, Accountant General etc.

The K2 project aimed to:

  • facilitate the State’s development through efficient, effective and transparent management of its public finances, strengthen accountability of the stakeholders;
  • provide an integrated electronic platform to all stakeholders, to carry out their financial transactions and to share data in a seamless manner, for their decision making, accounting and auditing of public finance;
  • to provide tighter security of data and audit trail of all activities carried out within the system;
  • to bring greater transparency in treasury functions along with participative accountability
 

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