Amendment status not verified — confirm the current text below against the official source.
(i) The Board shall have a Finance Officer appointed by it as provided in sub-section (i) of section 11 of the Act such forms and conditions as may be approved by the Government. (ii) The duties of the Finance Officer shall be the following: - (a) preparation of budget estimates and maintenance of accounts of the Board's office; (b) distribution of allotments among the subordinate controlling officers; (c) control over the Board's revenue and expenditure which includes- (i) watching the progress of Board's revenue and expenditure and issuing instructions to the subordinate officers to keep the expenditure within allotments when any likelihood of excess is anticipated; (ii) reporting to the Board deviations from rules relating to expenditure noticed on the part of the subordinate officers; (iii) initiating and dealing with proposals relating to reappro-priations, reallotments, supplementary grants and surrender of savings; (iv) scrutinising expenditure statement relating to various programmes of the Board; (d) scrutiny of all cases involving- (i) abandonment of revenue; (ii) refund of revenue; and (iii) enhancement of revenue; (e) scrutiny of all proposals involving financial commitment submitted by the Board to Government; (f) review of progress in the disposal of audit objection and dealing with audit inspection reports; (g) internal audit of the accounts of the head office; (h) inspection of the accounts of subordinate officers under the orders of the Commissioner and submission of notes of such inspection for his perusal and orders; (i) verification of claims for pension or gratuity; (j) issue of instructions to Board's officers regarding (i) maintenance of accounts and observance of accounts rules, and (ii) correct accounting of stores and observance of Store Rules; (k) to arrange for the proper maintenance of accounts relating to loans sanctioned and/or disbursed by the Board and to watch the prompt recovery of such loans; (l) to test audit of accounts of institutions which receive grants-in-aid or loans from the Board and to furnish utilisation certificates, wherever required; (m) to advise the Board on all matters relating to 'Finance' accounts and applications of rules; and (n) any other duties and functions assigned by the Board.