Wings of AJK Finance

FUNCTIONS OF BUDGET WING

• Preparation of Annual budget.
• Proposal of additional funds.
• Release of salary/non-salary grants.
• Assistance Package
• Public Accounts  Committee
• Departmental Accounts Committees.
• Loan and advances / Write off loans/losses.
• Ways and means clearance.
• Reconciliation of accounts.
• Budget proposals of autonomous bodies.
• Release of funds from Federal Govt./Kashmir Council/WAPDA
• Supervision & control of Govt. finances.

FUNCTIONS OF REGULATIONS WING

• Delegation of financial power rules.
• Up-gradation of posts.
• Change of nomenclature of posts.
• Counting of previous service/condonation of gap/deficiency in service.
• Extraordinary family pension.
• Additional/current charge allowance/duty allowance.
• Examination of proposals for imposition, increase or reduction of taxes.
• Finance bill.
• Legal matters (writ petitions etc.).
• Framing and interpretation of financial rules.
• Banks.
• Taxes
• Issuance of financial sanctions.
• Opinion to other Departments in financial rules / regulations

FUNCTIONS OF EXPENDITURE WING

• Creation of new posts.
• Establishment/Up-gradation of Institutions.
• Re-appropriation of funds.
• Medical treatment charges/advance drawls.
• Creation of  supernumerary posts
• Matters related to Cooperative Department.
• Local Funds Audit.

FUNCTIONS OF DEVELOPMENT WING

• Release of funds for development projects/schemes of Nation Building Departments and  Autonomous Bodies.
• Creation and renewal of development posts.
• Appropriation and Re-appropriation of development funds.
• Supervision and inspection of development schemes.
• Scrutiny of  PC-I, PC-II, PC-III, PC-IV & PC-V.
• Representation in pre-DWP, AK-DWP, AK-CDC, negotiation Committees, SERRA ,DRU and DRAC.
• Representation of Finance Department in other development fora.
• Central Purchase Committee (CPC).

FUNCTIONS OF INFORMATION TECHNOLOGY WING

• I.T section provides technical assistance to all the wings of the Finance Department which include:
  • • Hardware & Software
    • Provision of accessories
    • Technical manpower in case of special assignments etc.
• Preparation of annual budget of GOAJK and its implementation in SAP System
• Preparation of routine and on demand reports/statements for Management.
• Maintaining of:
  • Daily Cash Balance position
  • Monthly Govt. Account
  • Budget Control Register (BCR) etc.
• Implementation of all releases, additional funds, re-appropriations etc. in SAP System
• Creation of New  DDO in SAP system
• Implementation of New Chart of Accounts (CoA) i.e. A scheme in which certain codes are assigned to various accounts found in a financial system.