27. Finance Committee.

(a) to review the expenditure incurred by the University;
(b) to ensure proper utilization of the money by the University according to the budget provisions;
(c) to review the position of financial resources of the University;
(d) to formulate budget programmes;
(e) to recommend economy in administrative expenses;
(f) to perform such other functions relating to accounts and audit of the revenue and expenditure of the University as may be assigned to it by the Executive Council; and
(g) to advise the Executive Council in financial matters whenever such advice is sought by the Executive Council.