FINANCE COMMITTEE
The primary purpose of a Finance Committee is to ensure the prudent and effective management of financial resources, safeguarding the organization’s financial integrity, and optimizing financial performance. This involves monitoring financial activities, reviewing budgets, assessing financial risks, and making recommendations to the governing body or management team to support strategic decision-making.
Key functions of a Finance Committee
- Budget Oversight: Reviewing and approving annual budgets, financial forecasts, and expenditure plans to ensure alignment with organizational goals, priorities, and available resources.
- Financial Planning and Strategy: Advising on financial planning strategies, revenue generation initiatives, investment decisions, and capital allocation to support the organization’s long-term sustainability and growth objectives.
- Financial Reporting and Compliance: Monitoring financial reporting processes, internal controls, and compliance with accounting standards, legal requirements, and regulatory guidelines to ensure accuracy, transparency, and accountability.
- Risk Management: Assessing financial risks, such as liquidity risk, market risk, credit risk, and operational risk, and recommending risk mitigation strategies, contingency plans, and insurance coverage as necessary.
- Investment Management: Overseeing investment portfolios, asset allocation strategies, and investment policies to optimize returns while managing risks in accordance with the organization’s financial goals and risk tolerance.
- Audit Oversight: Liaising with internal and external auditors to ensure timely and thorough audits of financial statements, internal controls, and compliance with policies and regulations, and addressing audit findings and recommendations.
- Funding and Financing: Evaluating funding sources, debt financing options, capital raising initiatives, and financial agreements to support strategic initiatives, capital projects, and operational needs.
- Financial Performance Evaluation: Analyzing financial performance metrics, key performance indicators (KPIs), and benchmarks to assess the organization’s financial health, efficiency, and effectiveness, and identifying areas for improvement.
- Financial Governance: Establishing and reviewing financial policies, procedures, and governance frameworks to promote transparency, accountability, and ethical conduct in financial management practices.
FINANCE COMMITTEE MEMBERS
| S.NO | NAME | DESIGNATION | POSITION |
| 1 | Dr.S Gurulingam | Principal | Chairperson |
| 2 | Dr. A.Kannaki @ VasanthaAzhagu | HOD / CSE | Coordinator |
| 3 | Mr.F.D.Anfinston | HOD / ECE | Coordinator |
| 4 | Mr.S.Rajendra Prasad | HOD / Civil | Coordinator |
| 5 | Mr.V.Anandakumar | HOD / EEE | Coordinator |
| 6 | Dr.G.Anand | HOD / MECH | Coordinator |
| 7 | Ms.Syamala gowri | HOD / S&H | Coordinator |
| 8 | Ms.S.Divya | OS | Coordinator |