Author: arshad

Bank Reconciliation of Cash Balance – AG dt 17.02.2022Bank reconciliation is a crucial accounting procedure that ensures the accuracy and consistency of financial records. On February 17, 2022, a notification was issued by the Accountant General Punjab addressing the importance of meticulous bank reconciliation processes. This article delves into the key aspects of the notification, offering a detailed guide on how to effectively manage and reconcile cash balances in alignment with the latest directives.Understanding the NotificationThe notification, referenced as No. SBD Pb & DGP/CB/HM- dated 17.02.2023, was issued in relation to the ongoing efforts to streamline and enhance financial management…

Audit of Covid-19 related expenditure – 30.06.2020As the world grapples with the unprecedented impact of the COVID-19 pandemic, governments and organizations worldwide have mobilized substantial resources to mitigate its effects. From healthcare expenditures to economic relief packages, the scale of financial outlay has been enormous. In this context, ensuring the proper audit of COVID-19 related expenditures has become a critical task for maintaining transparency, accountability, and effective use of public funds.Overview of COVID-19 ExpenditureThe COVID-19 pandemic has necessitated a range of expenditures, including but not limited to:Given the urgency and scale of these expenditures, meticulous auditing is essential to ensure…

Upgradation of Data Entry Operator – Computer Operator – AG Letter – 10.12.2019OFFICE MEMORANDUMSubject: Upgradation of Data Entry OperatorPlease refer to Finance Department letter No.FD.PC.40-43/2017(E), dated 14.12.2018 and subsequent letter No.FD.PC.40-43/2017(437/19), dated 19.09.2019 duly endorsed by this office vide No.TM-I/H-3-1/SR/2018-19/347 dated 19.09.2019, on the afore noted subject.(This issues with the Approval of Additional Accountant General Punjab)

Application for leave AG Punjab – Document List-31.10.2022In an effort to streamline the leave application process within the Accountant General Punjab office, a comprehensive list of required documents has been established. This guide aims to ensure that all leave applications are processed efficiently and in accordance with established guidelines. Effective from October 31, 2022, the following document list must be adhered to by all employees seeking leave.Purpose of the Document List:The primary purpose of this document list is to facilitate a smooth and organized leave application process. By providing clear instructions on the necessary documentation, the Accountant General Punjab seeks…

Month wise and Year Wise Adjustment of GP Fund Balance in History Sheet – AG 10.08.2020OFFICE MEMORANDUMSubject: Month wise and Year Wise Adjustment of GP FundPlease refer to the subject noted above.A meeting was held on 21-07-2020 under the chairmanship of the worthy Accountant General regarding G P Fund issues of employees of the government of Punjab. The worthy Accountant General, Punjab has taken notice that G P Fund adjustments shown in History sheet/ Input sheets reflects lump sum amount after allowing up to date interest on it and showed his concerns regarding method of showing such adjustment amounts/ balances…

Revision of Pay Scale dt 25.02.2014OFFICE MEMORANDUMSubject: Revision of Pay Scale The undersigned is directed to refer to the subject noted above and to clarify that the Basic Pay Scales introduced vide Finance Division’s O.M. No. F 1(5)Imp/2011-419 dated 04-07-2011 including ad-hoc reliefs granted from time to time after 01-07-2011 would also be applicable to the contingent paid staff and contract employees of the Federal Government paid from the Civil estimates as well as Defense estimates subject to the condition that they are employed against the posts in Basic Pay Scales on standard terms and conditions of contract appointment.

Restoration of Commuted Portion of Pension 10.02.2015

Responsibility of Banks to collect Life Certificates of the Pensioners 19.03.2019

Restoration of Commuted Portion of Pension 13.04.2017OFFICE MEMORANDUMSubject: Commuted Portion of PensionIn continuation of this Department’s letter No. FD.SRIII. 4-1202016, dated 23rd January, 2017, it is advised that increases on pension, after restoration, may be made/paid to all the pensioners, who retired under Pay and Pension Package 2001, as and when their restoration becomes due.However, arrears of increases may be paid as already intimated vide letter referred to above.

Re Fixation of Pension under Pay Package 2005 – AG dt 24.01.2018OFFICE MEMORANDUMSubject: Fixation of Pension under Pay PackageVarious District Accounts Offices are approaching this office for clarification that whether pension of the pensioners who retired on or after 01/07/2005 is to be refixed in the light of Punjab Finance Department Letter No-FD-SR-III/5-1/2015 dated 13/04/2017.In this regard, this office is of the view that there is no pay package 2005. The only change made in 2005 was that the maximum limit of commutable pension amount was reduced from 40% to 35%. Thus the question raised is not rational. All pensioners…