Para 7.12.2 — MSO (A&E)
Original Rule Text
7.12.2 Arrangements should in addition be made for communicating to the Administrators of Local Funds the details of the transactions in the Public Works Department when such transactions increase or decrease the balances under "Deposits of Local Funds".
# OTHER DEPOSITS ACCOUNTS
What This Means
When the Public Works Department carries out transactions that increase or decrease balances under 'Deposits of Local Funds,' the details of those transactions must be communicated to the Local Fund Administrators. This ensures that fund administrators have full visibility into how PWD activities are affecting their fund balances.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1PWD transaction details must be shared with Local Fund Administrators
- 2Applies whenever PWD transactions change 'Deposits of Local Funds' balances
- 3Ensures transparency and proper record-keeping for fund administrators
- 4Supplements the net intimation sent under Para 7.12.1 with detailed transaction information
Practical Example
The AG office notices that a PWD division has booked Rs 2,00,000 in receipts and Rs 3,50,000 in expenditure against the Municipal Corporation's local fund deposit in February. They prepare a detailed statement showing each individual receipt and payment transaction and send it to the Municipal Corporation so the administrators can reconcile their own records.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
How is this different from Para 7.12.1?▼
Why do Fund Administrators need transaction details?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.