Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
Sr No. Term Meaning
51 Local fund
(a) Revenues administered by bodies which by law or rule having the force of law come under the control of the Government,
whether in regard to proceedings generally or to specific matters, such as the sanctioning of their budgets, sanction to the creation
or filling up of particular posts, or the enactment of leave pension or similar rules; and
(b) The revenues of anybody which may be specially notified by the Government as such.
52 Major Irregularity
means (a) an instance of suspected material fraud or corruption coming to the notice in audit, or (b) an irregularity of serious
nature involving public funds, particularly that relating to mismanagement, Loss, waste, nugatory expenditure or loss of revenue,
exceeding the monetary limit prescribed by the Comptroller and Auditor General in this regard
53 Modified Appropriation
The sum allotted to any unit of appropriation as it stands on any particular date after it has been modified by re-appropriation or by
supplementary or additional grant or grants sanctioned by competent authority
54 Performance Guarantee
a guarantee by the seller/service provider that the goods /services will be as per the predefined and agreed standards and
timelines
55
Procurement Officer /Purchase
Officer
The officer authorized by Competent Authority to procure/purchase the goods, works and services
56 Public money
It means the money received , raised ,or realized or spent or invested or investible , in which ever form of public enterprise for
public purpose by the government or an entity controlled by it or its behalf by an entity of any nature and description or by private
organization or an individual and shall include use of public assets , stores ,and stock or delivery of public goods and services as
well as creation of public liability by an entity or a private organization or an individual and without prejudice to the foregoing public
money shall include all inflows and outflows from consolidated fund having a legislative assembly and public accounts of having
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