Para 5.1 — CAM

5.1.1 Office of CGA prepares a consolidated monthly account at the end of every month along with a statement of Revenue and Expenditure for the Union Government. For this purpose, Monthly Accounts will be compiled by each PAO and they will submit it to respective Principal Accounts Office, which will then compile and submit to Office of CGA. Pay and Accounts Office of respective Ministry/Department is the basic unit of accounts. PAO compiles the accounts at object head level which is the primary unit of appropriation. All the PAOs should regularly review the compilation reports available in the PFMS system to verify the figures and other reports, keeping the size of reports within reasonable limits. Head of Accounting Organization of Ministries/Departments i.e. Pr.CCA/CCA/CA(i/c), as the case may be, should also take regular review of monthly accounts of their Ministry/Department.

5.1.2 After closing of every Financial year (i.e. April to March(Supplementary) Accounts, CGA compiles the Government Accounts viz. Union Finance Accounts and Appropriation Accounts(Civil), based on the accounts compiled by the authorities responsible for maintaining the accounts of Central Government and UT-Without Legislature. The accounts show the annual receipts and disbursements of the Union Government and each UT-Without Legislature under their respective heads. Both Finance Accounts and the Appropriation Accounts need to be certified by the Comptroller and Auditor General (C&AG) of India. The reports of the C&AG relating to these accounts shall be submitted to the President who shall cause them to be laid before the Parliament.

5.1.3 Office of CGA also brings out Accounts at a Glance depicting financial data for the Union Government. The Appropriation Accounts is prepared at Sub-Head level while the Finance Accounts is prepared at the Minor Head level. Appropriation Accounts brings out detailed expenditure performance for each Grant against the budgetary allocation authorized by Parliament. Finance Accounts contains seventeen statements bringing out different aspects of the financial position of the Union Government as a whole. Finance Accounts includes data from Railways, Defence and Posts besides the Civil Ministries, and presents the consolidated position of the Union Government Finances.

5.1.4 The Accounts at a Glance is a simplified and more user-friendly summary of the Union Government Finances. It primarily derives data from compiled accounts and includes some additional statements to assist stakeholders in getting a better understanding of the Union Government Finances.