Reconciliation Of Expenditure and Receipt dt 21.05.2012
OFFICE MEMORANDUM
Subject: Expenditure and Receipt
The Accountant General, Punjab has intimated without indicating details that, in a large number of cases, reconciliation of receipts and expenditures by the drawing and disbursing officers/controlling officers/ heads of departments with the concerned District Accounts Officers / Treasury Officers / Accountant General, Punjab is not being carried out in the manner prescribed under the Punjab Budget Manual, resulting into accumulation of huge amounts of un-reconciled receipts and expenditures.
2. It is reiterated that as per existing rules and policy instructions on the subject, respective drawing and disbursing officers/controlling officers / heads of departments jointly share responsibility with the respective DAOs /Treasuries / Accountant General This position has been viewed with concern and it has, therefore, been decided to request you to immediately issue appropriate instructions to all your subordinate offices, emphasizing the necessity and Importance of carrying out month to month reconciliation of all payment and receipt figures under various heads without fall. In case receipt and payment schedules are not being received, the issue may be reported to the Finance Department for appropriate action.
3. Failure to carry out reconciliation may be treated as inefficiency and action may be taken in accordance with law under intimation to the Finance Department.
