Finance Committee
Finance Committee of the institution shall be the key body which will monitor and manage the financial sustainability of the institution. Finance committee is an advisory body to the Governing Body and reports / recommends from time to time regarding the matters related to budget estimates, income from fees etc. The term of the members of the finance committee will be for two years and shall be reconstituted by the principal.
Functions of the Finance Committee:
The functions of Finance Committee are as follows:
The Finance Committee shall act as an advisory body to the Governing Body, to consider:
- Budget estimates relating to the grant received/receivable from Govt. and Non-Govt. agencies, and income from fees, etc. collected for the activities to undertake the scheme of autonomy.
- Audited accounts for the above.
- To manage the annual budgets and utilization reports submitted by the individual departments.
Finance Committee Structure
| S.No | Name | Role | Designation |
|---|---|---|---|
| 1 | Dr. J. Sudhakar | Chairperson | Principal, VIIT(A) Visakhapatnam |
| 2 | Mr.N.Srikant | Member | Governing Body Nominee, CEO, Vignan’s Group of Educational Institutions, Visakhapatnam |
| 3 | Dr.V.Madhusudan Rao | Member | Trust Nominee, Rector, VIIT(A), Visakhapatnam. |
| 4 | Mr.Ch.L.Srinivasa Reddy | Member | Internal Auditor, Vignan Group of Institutions, Visakhapatnam, Partner M/s Srikanth & Srinivasa Chartered Accountants |
| 5 | Mr.S.Suresh | Member | Finance Manager, Accounts Dept.,Vignan Group, Visakhapatnam. |
| 6 | Dr.P.S.Ravindra | Member Secretary | Professor, Dean Administration, VIIT(A), Visakhapatnam |