Administration Manual - B.E.S.T. Undertaking.

PF 01\C:\P.F. MANUAL
MANUAL OF THE BUDGET DEPARTMENT
CHAPTER – I
GENERAL
1. Introduction : The Budget is a centralized department in the Undertaking mainly engaged in
preparation of the yearly Budget Estimate for the purpose of presentation to the BEST Committee,
Standing Committee and Corporation, its adoption and executions. The various
monthly/quarterly/yearly statistical statements of Income and expenditures are also prepared by the
budget department and submitted to the management, user departments and outside agencies. These
statements help the departments like Transportation Engineering, Traffic and Electric Supply to know
the expenditure for their wings and Income earned during each month so as to have control over the
same.
2. Defination : Whenever applicable, following will be the definitions :-
a) A budget is a financial report containing estimates of income and
expenditure for given period.
b) Appropriation :- An appropriation is an authorization by the competent Authority to make
expenditures and incure liabilities for specific purpose.
CHAPTER - II
3) CONTROL :- The Budget Department is under the general control and supervision of the
Chief Accounts Officer & Financial Advisor & Dy.Chief Accounts Officer but under the immediate
control of the Budget Officer.
4) FUNCTIONS :- Main functions of the Department are :-
a) Preparation of the Annual Budget Estimates and Establishment Schedule in
English and Marathi.
b) Preparation of the Budget Estimates and Establishment Schedule in English and Marathi.
c) Presentation of the Revised Budget Estimates in English and Marathi.
d) Preparation and presentation of following statement :-
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