NOTE  FOR  THE  BOARD

 

Rc.No.19142/2005/R1                                                                                                             22-8-2006

 

                                    Sub :     TNSCB - Annual Accounts for the year 2005-2006 placed before the Board for approval.

 

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            According to Section 41 of  the Tamil Nadu Slum Areas (Improvement and Clearance) Act 1971, the Accounts of  the Board shall be examined and audited once in a year by the auditors appointed by the Government.   The Chief Internal Auditor and Chief Auditor of  Statutory Boards, has been appointed by the Government as the Chief Auditor of the Board.   The Accounts of the Board with the Audit Report of the above statutory Board's Auditor shall be forwarded to the Government annually before December of each year for placing before the Legislature.

 

            2.         As per this procedure the Annual Accounts for the year 2005-2006 are placed before the Board now for approval and onward transmission to the Chief Internal Auditor and Chief  Auditor  for  Statutory  Boards  for  verification   and   issuing   audit   certificate  before 31-10-2006.

 

3.                   The main features of  the transaction during 2005-2006 are as follows :

 

         Head  of  Account                                    Opening  Balance                                Closing  Balance

                                                            as  on  1-4-2005                                   as  on  31-3-2006

 

                                                                                            (Rupees  in  Lakhs)

 

1.     Cash  Balance                               3010.94                                                 4070.12                                                                        

 

OTHER  DEPOSITS :

 

                                                            Original  Deposit                                Maturity  Value

 

                                                                                                      (Rupees in Lakhs)

 

2.           TNUDP Land Cost

with TIDCO / TDFC

and Power Finance                        1596.95                                                 2247.09                                    

 

3.           Revolving Fund of

MUDP with TDFC /

TIDCO / Power

Finance                                         5200.01                                                 7678.15

 

           

The details showing the Receipts and Expenditure under Capital, Revenue, Deposit and Advance Account during 2005-2006 are given in the annexure.

Now the Annual Accounts of  the Board for the year 2005-2006 with review remarks of  the Financial Adviser are placed before the Board for approval

 and also to send the Annual accounts to the Chief Internal Auditor and Chief Auditor of  Statutory Board for issuing Audit Certificate.

 

 

 

D. VIVEKANANDAN,

        Managing  Director,

                                                                                                                 Tamil Nadu Slum Clearance Board.