Finance Committee of NESTS
- Finance Committee shall consist of following members:-
- Joint Secretary & Financial Adviser, Ministry of Tribal Affairs – Chairperson
- Commissioner, NESTS – Member
- Joint Secretary (EMRS), Ministry of Tribal Affairs – Member
- One Principal Secretary/Secretary, State Government – Member
- Chief Finance / Accounts officer/Deputy Commissioner (Finance), NESTS - Member
- Chief Controller of Accounts, Ministry of Tribal Affairs – Member
- Commissioner, Navodaya Vidyalaya Samiti – Member
- Director, IFD, Ministry of Tribal Affairs - Member
- Deputy Commissioner, NESTS - Member & Convener
- Other Members can be co-opted with approval of Chairperson
- Finance Committee shall meet at least once in each quarter.
- Special meetings may, however, be convened by the Chairman, whenever necessary.
- Presence of Chairperson and three other members will constitute quorum.
Functions of Finance Committee:
- To examine and recommend for approval by General Body the annual statement of accounts of NESTS including the balance sheet in such form as may be prescribed by the Government of India.
- To scrutinize the accounts and budget estimates of the Society and to make recommendations to the Steering Committee/Governing Body.
- To supervise appropriate allocation and releases to the State/UT EMRS Societies.
- To recommend to the Steering Committee about delegation of financial powers to State/UT EMRS Societies/District Level Monitoring Committees/ Principals for timely maintenance and effective running of schools
- To ensure that accounts of NESTS are audited annually in such manner as stipulated.
- To review the finances of the NESTS from time to time, and to ensure that grants released to NESTS are being utilized effectively;
- To give advice and make recommendations to the Steering Committee/Governing Body on any other important financial /budget matters.