Para 11.8 — MSO (A&E)
Original Rule Text
11.8 The Balances worked out in the Broadsheets prescribed for Deposits of Local Funds in para 7.11 each year should be communicated to (and if necessary, accepted by) the officers charged with the administration of the Funds.
- SUSPENSE ACCOUNT
What This Means
For Deposits of Local Funds, the balances calculated in the Broadsheets each year must be communicated to the officers who administer those funds. If there is a discrepancy, the administering officers must accept the communicated balance or raise their objections. This ensures that both sides — the AG's office and the fund administrators — agree on the correct balance.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Broadsheet balances for Local Fund Deposits are communicated annually to fund administrators
- 2Fund administrators must accept the communicated balance or raise objections
- 3Broadsheet format is prescribed in Para 7.11
- 4Ensures mutual agreement between the AG and the administering officers
Practical Example
The AG's office computes a closing balance of Rs 12,40,000 for a District Education Fund using the prescribed Broadsheet. This figure is communicated to the District Education Officer. If the DEO's own records show Rs 12,55,000, he must reconcile the difference and either accept the AG's figure or provide evidence for the higher amount.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
What happens if the fund administrator disagrees with the communicated balance?▼
Where is the Broadsheet format for Local Fund Deposits prescribed?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.