6. Accounting Policies

Agriculture to the ATMAs, VANAMATI as well as funds released by the Department of Cooperation and Marketing to MSWC,  PIU-AGRI. MKTG and PCU will be accounted for as expenditure by the AG(A&E). However, these releases are actually in the nature of advances out of which expenditures will be incurred by the recipients as and when required. Each of these recipient agencies will account for expenditures incurred by them and report the same in the quarterly IUFRs.
4.   Therefore, the PCU while preparing consolidated IUFRs for submission to the Bank will deduct above-mentioned releases accounted for as expenditures in the AG (A&E’s) accounts or DDO’s monthly expenditure statements and include the expenditures reported by each of these units. This apart, expenditures incurred out of the beneficiary contribution received under the three subcomponents namely Upgradation of Rural Haats, Modernisation of Wholesale Markets and Farmer Common Service Centres will also be included in the consolidated IUFRs. The IUFR formats are given in Annexure 16 to 20.
 i) Financial Reporting Framework

S. NO.

Name of the Accounting Centre

Report to be submitted

Consolidation
 
Yes/No

Periodicity

To be submitted to

Department of Co-operation and Marketing

1

PCU

  1. Quarterly IUFR

  2. PFS

Yes

1)Quarterly
 
2)Annual

 
World Bank

2

PIU - AGRI. MKTG

  1. Quarterly IUFRs/

  2. MES

  3.  PFS

Yes

1)Quarterly/
 
2) Monthly
3) Annual

PCU

4

DDRCS

  1. Monthly Expenditure Statement

  2. PFS

No

1)Monthly
 
 
 
2)Annual

PIU (Agri Mktg)

 

 

 

 

5

NIPHT

  1. Monthly Expenditure Statem

  2. PFS

No

1)Monthly
 
 
 
2)Annual

PIU - AGRI. MKTG

6

MSWC

1) Monthly Expenditure Statement
2) PFS

No

1)Monthly
 
 
 
2)Annual

PIU - AGRI. MKTG

Department of Agriculture

7

PIU Agriculture

  1. Quarterly IUFRs

  2. MES

  3. PFS

Yes

1)Quarterly/
 
2) Monthly
3) Annual

PCU

 

 

 

 

8

ATMAS (Agriculture  + Animal Husbandry components)

1)Monthly Expenditure Statement
2) PFS

No

1)Monthly
 

Dept/Cell: 
Finance