4. Chart of Accounts

1. Chart of Accounts (COA) is a structural presentation of list of heads of accounts  along with the accounting codes. It also identifies the flow of each head of account into the annual financial statements for the purpose of consolidation. COA has been developed to provide flexibility to introduce necessary account codes at a later stage if additional activities are proposed under the project.

  • COA needs to cater to the requirements of both World Bank, as well as, the State Government. COA facilitates capturing of data and consolidation of accounts for the project as a whole 

  • In GoM’s Budget, the allocations are made sector-wise and under each sector, the various account-heads are given. An example of the present budgeting structure is given below.  

Code

Item

Category

2435

Other Agricultural programmes  

Major head

01

Marketing & Quality Control

Sub major head

(199 )

Assistance to Non Government Institutions

Minor head

(01)

External aided projects

Sub minor head

(01)

World Bank Aided - Maharashtra Agricultural Competitiveness Project

Sub head 

35

Grants For Creation of Capital Assets

Detailed head

State share-24350017    External share-24350026

2. The activities under the project have been converged to the level of object codes as per the State Govt. budget book (white book). The details of department wise object-codes generated under the project are mentioned in table below.

The detailed chart of   Department wise object code   under  Maharashtra
Agricultural Competitiveness Project

Name of Department

Description of Object

Object Code

Co-operation & Marketing

PCU

Salaries

01

 

Telephone, Electricity, Water charges

6

 

Contractual Services

10

 

Domestic travel expenses

11

 

Office expenses

13

 

Rent , Rate and Taxes

14

 

Publications

16

 

Computer Expenses

17

 

Other Administrative Expenses (includes cost on training)

20

 

Professional Services

28

 

Other Charges

50

 PIU - AGRI. MKTG

Salaries

01

 

Contractual Services

10

 

Office expenses

13

Dept/Cell: 
Finance