 |
Directorate of J&K
Funds Organisation
The Directorate of J&K Funds Organisation came into existence way back in
1980 for maintaining the individual ledge accounts of the General
Provident fund subscribers. Earlier, the individual ledger accounts of the
subscribers to the General Provident Fund (GPF) were being maintained by
the Accountant General (A.G.) Jammu and Kashmir for the entire State till
31.03.1964 when the Ledger Accounts of Class-iv employees were transferred
from the Accountant General’s Office and entrusted to the Drawing and
Disbursing Officers (DDOs) to maintain the accounts of Class-IV employees
working under them in their respective offices. The DDOs failed to
maintain individual ledger account in their offices although the accounts
continued with them till 31.01.67, when Government decided that these
accounts be centralized and entrusted to Finance Department from 01.02.67
vide Government order No. 172-F of 1966 dated 30.03.66 read with the
Accountant General’s circular instructions issued under No. PFR-I/28-4/65-67/3868
dated 24.01.1967 These accounts were finally taken over by the G.P. Fund
wing of the Finance Department from 01.02.1967.
Under Government order No. 528-F of 1980 dated 15.11.1980, the G.P. Fund
Class-IV ledger accounts were bifurcated on divisional basis . A separate
office of Accounts Officer, G.P. Fund Calss_IV was established at Jammu
for maintenance of the individual ledger accounts of the subscriber to the
G.P. Fund belonging to Jammu Province. The accounts of the subscribers
belonging to Kashmir Province including Ladakh were entrusted to Accounts
officer, General Provident Fund Calss-IV Srinagar. The bifurcation came
into effect from 01.04.1979.
Govt of J&K vide Government order No. 88-F of 1984 dated 05.03.1984 have
been pleased to order that the maintenance of individual ledger accounts
of Government servants including the subscribers belonging to IAS, IPS,
IFS cadres other than the class iv i.e (sup) which were hitherto fore
being maintained buy the Accountant General, Srinagar be transferred to
the State Government for being maintained on District basis w.e.f
01.04.1986. The District Fund offices in the three divisions of the State
are supervised by the Divisional Fund offices. The Jammu Divisional Fund
offices supervise the District Fund offices of Jammu province and Srinagar
Divisional Fund office supervise the District Fund offices of Kashmir
Division including Ladakh. The Divisional Fund offices are under the
Administrative Control of Director , J&K Funds Organisation.
Similarly, G.P. Fund Move Cell, Civil Secretariat was created in the year
1992 vide Government Order No. 313-F of 1992 dated 28.02.1992 for
maintenance of G.P. Fund accounts of Move employees. Earlier these
accounts were maintained by the District Fund Office, Srinagar.
For last several years, Police Department had been insisting on creation
of separate G.P. Fund office exclusively for Police personnel as they had
been witnessing difficulties in consolidation of their G.P. Fund accounts
due to frequent transfer of Battalions from one District/Province to
other. Accordingly, these separate offices have been created vide
Government order No. 270-FD of 2006 dated 29.08.06.
Directorate of Audit &
Inspections
With a view to enforce financial discipline and accountability in the
Government departments of the State, Directorate of Audit and inspections
was created in the year 1996 Director. Towards achieving the aforesaid
objective this Directorate has been undertaking the following assignments:
-
Conducting of Special
/Detailed /Snap audit and inspections of the Government offices/
Departments/ Corporations, Autonomous/Statutory bodies and other
Government aided institutions.
-
Yearly closing of cash
books of the Drawing & Disbursing Officers (DDOs) mostly chest holders as
on 31st March every year and obtaining of requisite information as per the
devised memo for thorough scrutiny at his level.
-
Verification of
complaints received in the Directorate from various quarters alleging
embezzlements, misappropriations and other grave financial irregularities.
-
Verification of liability
claims of various offices as are being referred by the concerned
Administrative Departments/Finance Department.
-
Other assignments /
enquiries as are assigned to the Finance Department.
Till ending March 2006
this Directorate has conducted audit and inspections of 572 offices
reports of which stand issued to the concerned DDOs for para-wise replies
with a copy to their Head of Departments for their comments where-ever
required. Even concerned Administrative Departments and the Finance
Department are also supplied with the copies of the reports for their
information and action as warranted under rules.
The Directorate has prepared the draft paras of all the offices which
stood audited by the Directorate from 1996 to Feb. 2006. The draft reports
have been sent to the concerned quarters with the direction to discuss the
same with this Directorate, to enable to decide which of the paras
pertaining to the concerned offices/departments are to be dropped or
incorporated in the final report. The final report in this behalf is
likely to be finalized before 31st December 2006.
Further, from March 2006 till date this Directorate conducted Audit And
Inspection of as many as 93 offices. Out of which 82 reports stand issued
to the concerned offices for their parawise reply with a copy to
respective Head of Departments /Administrative Departments for their
comments. Presently 11 assignments are in hand with the audit and
inspections parties at Jammu as well as at Kashmir.
On the last day of March every year (closing of financial year) the
Directorate is sending Audit and inspection parties to various offices
especially to chest holder viz Engineering and Forest Divisions for
closing of their cash books to avoid issuance of pre dated treasury and
bank cheques after close of financial year in view of the general
complaints.
For imparting guidance to the State employees for enforcement of financial
discipline, detailed circular instructions stand issued on 11th May 2006.
Public Sector Undertakings (PSUs)
-
The PSU Section in the Finance
Department does not have overall control on PSUs being under the
Administrative Control of various departments viz I&C, Agriculture,
Forest, Transport and Tourism etc.
-
State Finance Corporation (SFC) is
under the Adm. Control of Finance Department.
-
Monitors the working of PSUs in
respect of general matters like finalization of accounts with AG etc.
-
Total number of PSUs - 19
-
Profit Making PSUs - 07
-
Sick Unit - 12
Road Map for Revival of Potentially Viable Sick
Units
|
