The Resource mobilization policy of the college focuses on achieving the goals and targets of the institution ensuring accountability and transparency.
The Governing body coordinates and monitors the optimal utilization of the funds for the promotion of a learner-centric ecosystem.
- The Institution is a centrally managed non-profit organization with honorary governing body members and the institution ensures that the income generated is spent optimally in the institution itself
- A financial advisory body is in place to manage the management funds. The government funds are taken care of by the Planning forum.
- Funds are provided to meet the infrastructure requirement of the institution while starting new programs.
- The management provides financial supports to seminars/workshops/expert talks/Association activities/Faculty Development programs etc..
- The extracurricular activities of the students are a major concern and adequate funds are provided for Sports and Cultural activities
- Scholarships and free ships to the deserving students are provided.
- The financial resources of the institution are
-Tuition fee
- Corporate grant
- Bus fee
-Government funds, Grant-in-Aid of Kerala Government, Donations from philanthropists, PTA contributions, and alumni contributions
- Tuition fee and Corporate grant is used for the infrastructure and academic activities
- Government funds are optimally used for which it is sanctioned
- Income generated from Bus fee is used for the intended purpose
- Transparency and accountability are ensured by conducting an annual audit of the income and expenditure statements.
- Financial support provided by the government agencies are audited by the respective Government Departments
Financial Audit of Grants and funds
Chartered Accountant- After a stipulated period of time, the accounts for all the grants and funds are initially submitted to an external Chartered Accountant. The auditor with utilization certificate and all necessary ratified accounts are submitted to the concerned sanctioned authorities.
Directorate of Collegiate Education- At the time of annual audits by the Directorate of Collegiate Education, the audit team verifies all the financial documents related to the public funds utilized by College. After hearing the clarifications and corrections, the final accounts are settled.
Grants and funds sanctioned by Management
The institution has a strong financial advisory board for the Management of accounts and all the accounts sanctioned is audited internally as well as externally.
