Mahabodhi Mahavidyalaya

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6.1.3

The institution maintains transparency in its financial, academic, administrative and other functions

Financial Transparency at Mahabodhi Mahavidyalaya

Mahabodhi Mahavidyalaya prioritizes financial transparency through a comprehensive approach to budgeting and record-keeping. The annual budget is meticulously prepared using ERP software, which organizes finances under various categories such as College Accounts and Examination Accounts. Key data regarding both teaching and non-teaching staff, academic progress, and other vital information is updated annually on the NCTE and AISHE portals—part of the Ministry of Human Resource Development, New Delhi. For further details, visit http://aishe.nic.in/aishe/userlogin.

The college employs a Management Information System (MIS) to maintain detailed student and administrative records, encompassing academic qualifications, in-service improvements, demographic details (including caste and religion), Aadhaar Card numbers, Voter ID numbers, PAN numbers, monthly salary details for both teaching and non-teaching staff, as well as comprehensive income and expenditure records. An Information Brochure outlining various committees and the names of responsible faculty members is readily accessible on the college website.

Auditing and Financial Reporting

Regular internal and external financial audits ensure accountability. The internal audit is conducted by the College Superintendent, while an external audit is carried out by a qualified Chartered Accountant. Financial transparency is further reinforced by displaying the Income-Expenditure Statement, Audited Balance Sheet, and the Auditor’s report on the college website, ensuring open access for all stakeholders.

Transparency in Academic Functions

The institution upholds transparency in academic matters by publicly displaying the internal assessment scores for students across different programs and subjects on notice boards prior to submitting these results to Patliputra University, Patna. This practice fosters an environment of trust and openness regarding student evaluations.

Transparency in Administrative Functions

Administrative transparency is equally prioritized at Mahabodhi Mahavidyalaya. All recruitment processes adhere strictly to the regulations set forth by Patliputra University, the Director of Higher Education, and the Government of India. Job advertisements are published in leading national newspapers for every fresh recruitment. Applications received are carefully scrutinized based on eligibility criteria, and written tests are conducted as necessary, often through external agencies to ensure impartiality.

Recruitments are conducted purely on a merit basis. Promotions for teaching staff under the Career Advancement Scheme (CAS) follow transparent procedures established by the Director of Higher Education and Patliputra University. Similarly, promotions for non-teaching staff comply with the rules and regulations set forth by the same governing bodies.

Mahabodhi Mahavidyalaya is committed to maintaining transparency across financial, academic, and administrative functions, reinforcing its dedication to accountability and integrity in all aspects of its operations.

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