Audit Reports

at the end of the year Average rate of interest Present value of total investment at the end of the year Minimum expected return to recover cost of funds for the year Total earnings/ profit after tax (PAT) for the year* A B C D E F G H I J K K=I x (1+J) L L= I + ((I x J ) ÷100) M Upto 2012-13**...............

5 Section 18 of the Rajasthan Local Fund Audit Act, 1954 requires Director, LFAD to submit his Annual Consolidated Report on audited accounts to the State Government for laying this report before the State legislature. 4 s. No. 1. 2. 3. Chapter-1 An Overview ofPRis The Audit Reports ofDLFAD,...............

As per section 18 of RLFAA, 1954, Director, LFAD submits Annual Consolidated Report to the State Government and the Government lays this report before the State Legislature. The Audit Report ofLF AD, Rajasthan for the year 2018-19 was laid on the table of the State Legislature on 26th...............

allocation between the Panchayats at all levels of their respective shares of such proceeds; and (iii) the grants in aid to the Panchayats from the Consolidated Fund. Accordingly, the Fifth State Finance Commission was constituted (May 2015) for the period 2015-20 in Rajasthan. The Commission...............

Total receipts in the Consolidated Fund (4+5) 78 99.14 10168.19 10516.07 11061.32 10940.86 13152.90 7. Contingency Fund Receipts NIL 100.00 100.00 NIL NIL 1.96 8. Public Accounts Receipts 3527.16 4636.76 4187.87 4568.43 3866.03 4799.03 9. Total receipts of the State (6+7+8) 11426.30 14904.95...............

4.1 Funds kept outside the Consolidated Fund of the State Article 266 (1) of the Constitution of India, subject to the provisions of Article 267, provides that all revenues received by the Governme nt of a State, all loans raised by that Government by the issue of Treasury Bills, loa ns or...............

The outlays on the various activities of Government are met from the Consolidated Fund which is made up of (a) Revenue-consisting of receipts heads (Revenue Account) and expenditure heads (Revenue Account), (b) Capita l, Public Debt, Loans, etc. – consisting of receipt heads (Capital...............

1.4 Overview of Government Account Structure and Bu dgetary Processes The Accounts of the State Government are kept in three parts: 1. Consolidated Fund of the State (Article 266(1) of t he Constitution of India) This Fund comprises all revenues received by the State Government, all loans raised...............

This mechanism provides the necessary Legislative control over the utilisation of public funds invested in th e companies from the State budget. Section 96 of the Companies Act, 2013 requires ever y company to hold AGM of the shareholders once in every calendar year. It is als o stated that not...............

Grants 3.2 69 Conclusion 3.3 72 Recommendations 3.4 73 CHAPTER IV Quality of Accounts and Financial Reporting Practices Funds kept outside the Consolidated Fund of the State 4.1 75 Funds transferred directly to State implementing agencies 4.2 77 Funds lying unutilised in the current account...............

Thi s mechanism provides the necessary legislative control over the utilisation of public funds invested in the companies from the Consolidated Fund of the State. Section 96 of the Companies Act, 2013 requires every company to hold AGM of the shareholders once in every calendar year. It is...............

13 of the C&AG’s (DPC) Act, the Office of the Principal Accountant General has been entrusted with the audit of all expenditure incurred from the Consolidated Fund of Government of Arunachal Pradesh (GoAP). This office conducts audit of revenue receipts of GoAP under Section 16 of the C&AG’s...............