(1) The Controller of Finance shall be a whole-time salaried officer of the University and shall be appointed by the Executive Council on the commendation of Vice-Chancellor on such terms and conditions, as may be prescribed by the Statutes.

(2) The Controller of Finance shall be the ex-officio Secretary of the Finance Committee but shall not be deemed to be a member of such committee.

(3) When the office of the Controller of Finance is vacant or when the Controller of Finance is by reason of illness or any other cause is unable to perform the duties of his office, the duties of the office shall be performed by such person, as the Vice-Chancellor may appoint for the purpose.

(4) The Controller of Finance shall—

(a) exercise general supervision over the funds of the University arid shall advise the University as regards its financial policy; and

(b) perform such other functions, as may be assigned to him by the Executive Council or as may be prescribed by the Statutes.

(5) Subject to the control of the Executive Council, the Controller of Finance shall—

(a) hold and manage the property and investments of the University including trust and endowed property;

(b) ensure that the limits fixed by the Finance Committee for recurring and non-recurring expenditure for a year are not exceeded and that ali moneys are expended on the purpose for which they are granted or allotted;

(t) be responsible for the preparation of annual accounts and the budget of the University and for their presentation to the Executive Council;

(d) keep a constant watch on the state of the cash and bank balances and on the state of investments;

(e) watch the progress of the collection of revenue and advise on the method of collection to be employed;

(f) ensure that registers of buildings, land, furniture and equipment are maintained up-to-date and that stock checking of equipment and other connected material in all offices, special centres, specialized laboratories, and colleges and institutions maintained by the University is conducted;?

(g) bring to the notice of the Vice-Chancellor any unauthorized expenditure and other financial irregularities and suggest action to be taken against the person responsible for it; and

(h) call for from any officer, center, laboratory', college or institution maintained by the University, any information or returns that he may consider necessary for the performance of his duties.

(6) The receipt of the Controller of Finance or person duly authorized in this behalf by the Executive Council for any money payable to the University shall be sufficient discharge for payment of such money.

The Responsibilities of Finance Officer of the University:

(a) the Finance Officer of the University shall:

• Exercise general supervision of the funds of the University and advise it as regards its financial policies.
• Perform such other financial functions as may be assigned to him by the Vice Chancellor/ Executive Council or as may be prescribed by the Statutes or the Ordinances.

Provided that the Finance Officer shall not incur any expenditure or make any investment exceeding one lakh of rupees without the prior approval of the competent authority.

(b) Subject to the control of the Vice-Chancellor and the Executive Council, the Finance Officer shall:

• hold and manage the properties and investments of the University, including trust and immovable properties for fulfilling any of the objects of the University.
• Ensure that the limits fixed by the Finance Committee for recurring and non-recurring expenditure for the financial year are not exceeded and the money is expected or spent for the purposes for which it was granted or allotted.
• be responsible for the preparation of annual accounts and budget of the University and for presentation to the Executive Council after it has been considered by the Finance Committee.
• Keep a constant watch on the cash and bank balances and investments.
• Watch the progress of collection of revenue and advise on the collection methods.
• Ensure that the registers of properties of the University are maintained properly and that stock checking of equipments and other materials are conducted in the offices of the University including Regional Centres, Study Centres and other institutions maintained by the University.
• Bring to the notice of the Vice chancellor any unauthorized expenditure or other financial irregularities land suggest appropriate action against persons at fault.
• Call from any office of the University; including Regional Centres, Study Centres and other institutions maintained by the University, any information or reports that he may consider necessary for the performance of his functions.

BUDGET OF THE UNIVERSITY

The budget estimates are prepared in accordance with the provisions of the Act, Statutes and other instructions laid down for the purpose. The Budget is broadly divided into four parts viz.

• Non-plan-Dealing with the receipts and expenditure connected with Administration of the University including general and auxiliary services.
• Plan- Dealing with the receipts land expenditure on development activities in the University out of Plan provision.
• Self Financing Schemes- means dealing with Self Sustained/Self-Financed Courses and programme.
• UGC and Other Funding Agencies- Dealing with the receipts and expenditure against Funds earmarked for specific purposes received from other funding agencies.
• Debt, Deposits, Advances, etc.- Dealing with the receipt and expenditure relating to Debt, Deposits, Advances. Etc.

Self Financing Scheme
Various courses like B.Tech (IT/ECE), MBA, MCA, All M.Tech. & M.Sc. are continuing in the University under Self Financing Scheme. No grant is received from State Govt. for these courses. All types of expenses incurred on these courses are to be met from the fee received from the students. 

The excess of the amount is to be utilized for development of infrastructure of the University i.e. new construction, purchase of equipments etc. as per directions of the Finance Department. 

In respect of LTC, Education Allowance, Leave Encashment, Travelling Allowance, Medical Reimbursement etc. the Haryana Govt. instructions are followed except Medical Allowance and Medical Reimbursement to the pensioners of the University as the same has not been sanctioned by the Department.