Join My whatsapp GroupMana Badi Nadu Nedu – identifcation of schools which requires revolving fund
Mana Badi Nadu Nedu – identifcation of schools which requires revolving fund – regarding
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Execution of works under Mana Badi Nadu Nedu phase I schools is nearing completion . Most of the schools are completed physically, except small works like wall arts. At this juncture working estimates have been done for majority schools and revised admin sanctions also have been accorded.
2. Instructions have been given to record M book to assess the value of work done and to prepare expenditure statement by HM and MEO duly taking the actual bills and invoices paid. Because of community contracting we expect considerable savings when compared to the actual value of work done. These savings can be seen if the value of work done is more than the actual expenditure the parents committee has spent and the payments made to central procurement materials (from expenditure statement).
3. While preparing working estimates it was instructed to limit the working estimated amount to the extent of the actual expenditure so that admin sanction will be taken to this restricted technical approval. But it seems many EE s have not considered the savings seen from the actual expenditure but took revised admin sanction for full working estimated amount. Because of this discrepancy STMS is allowing the release of revolving fund based on the revised admin sanction, where actually RF is not required.
4. To avoid this discrepancy, the DEOs, APCs, EE s shall identify the schools where further Revolving Fund is required. For this purpose, a provision is given to APCs log in to tick the schools where further RF is not required.
5. The DEOs, APCs, EE s shall collect the information in the following format and identify the list of schools. The format will be made available in the STMS. The APCs shall tick such schools which require further revolving fund. The STMS shall process revolving fund for such identified schools only.
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