D. Financial / Business Administration

D.1. There is a single qualified officer to supervise the business functions/operation on the institution 

D.2. There is an adequate and qualified staff to support the execution of the business functions 

D.3. The administration of the business operations is coordinated with the academic functions of the institution

D.4. Funds are used for the purposes for which they are served. 

D.5. There is a formalized and appropriate budget system

D.6. The institution has an annual budget converting all its operation and reflecting, though its allocation of resources, the relative priorities of its various objectives and policies

D.7. Participation of all unit heads in the preparation of the budget. 

D.8. Feedback on budget performance given to unit heads 

D.9. Proper policies and procedures exits to assure compliance with statutory requirements upgrading of salaries of teaching and non-teaching personnel

D.10.An appropriate accounting system is utilized which provides up-to-date information for the proper administration of the business.

D.11. An annual audit is undertaken of the books of account of the institution. 

D.12.The assets of the institution are managed and controlled properly, e.g. cash, account receivable, investments, land, building, fixed assets.

D.13.The system and procedure for requisition and purchases are clearly defined, understood by the various institutional units and effectively operative

D.14.Provision is made for appropriate insurance coverage for buildings, equipment, books and records in case of loss or damaged by fire and/or flood etc

D.15.Financial accountability and responsibility are clearly delineated and complied with.

D.16.Administrative of Physical Plant: 

D.17.Management of Auxiliary Enterprises: