INTERNAL AND EXTERNAL AUDIT

Suryodaya College of Engineering & Technology Established under National Rural Development & Research Society and the Mobilization of Funds for various resources:

Funds are mobilized from the following resources.

National Rural Development & Research Society
Student Tuition Fees, Government and Non-Government Agencies.
Interest on Corpus Fund
Additional funding sanctioned from various funding agencies such as AICTE, ISTE, DST, MSME etc., for research and seminar proposals submitted by various departments.

The main financial resource for the Institute is by way of tuition fee. The tuition fee is fixed in line with government regulation and previous year’s expenditure and the impact of the inflation in the next three years. The institution furnishes all the relevant details of the expenditure and projections for every three years to the Fee Regulatory Authority which fixes the tuition fee of the Institute as per the guidelines stated by the State Government. While submitting the projections, the Institute also incorporates increase in salaries by way of DA, increments, etc. The Fee Regulatory Committee also provides scope for the Institute to allocate funds for the capital expenditure, which the Institute is planning over the next three years. Hence, the major resource mobilization depends on the fee fixation done by the Fee Regulatory Authority.

The Sponsoring trust, NATIONAL RURAL DEVELOPMENT & RESEARCH SOCIETY, extends financial support to the Institute for the shortfall and ensures the availability of requisite funds.

Optimal utilization of resources:

An annual budget is prepared to ensure optimal utilization of financial resources, based on the estimates received from the departments and functional units of the Institute. The amount is sanctioned by the Board of Governors. Monthly statements are prepared for income and expenditure. Audit is performed periodically to ensure that the budget is optimally utilized for the purpose it is intended. The resources in the form of facilities and equipment are maintained to ensure optimum performance.

Key Indicator	Extended Profile
1.1	Number of students year wise during last five years
2.1	Number of full time teachers during last five years
3.1	Expenditures excluding salary component year wise during last five years

Key Indicator	Criterion7–Institutional Values and Best Practices	100
7.1	Institutional Values and Social Responsibilities	50
7.2	Best Practices	30
7.3	Institutional Distinctiveness	20

Key Indicator	Criterion 6- Governance, Leadership and Management	100
6.1	Institutional Vision and Leadership	10
6.2	Strategy Development and Deployment	10
6.3	Faculty Empowerment Strategies	35
6.4	Financial Management and Resource Mobilization	15
6.5	Internal Quality Assurance System	30

Key Indicator	Criterion 5- Student Support and Progression	140
5.1	Student Support	50
5.2	Student Progression	30
5.3	Student Participation and Activities	50
5.4	Alumni Engagement	10

Key Indicator	Criterion 4 – Infrastructure and Learning Resources	100
4.1	Physical Facilities	30
4.2	Library as a learning Resource	20
4.3	IT Infrastructure	30
4.4	Maintenance of Campus Infrastructure	20

Key Indicator	Criteria 3- Research, Innovations and Extension	110
3.1	Resource Mobilization for Research	10
3.2	Innovation Ecosystem	15
3.3	Research Publication and Awards	25
3.4	Extension Activities	40
3.5	Collaboration	20

Key Indicator	Criteria 2- Teaching- Learning and Evaluation	350
2.1	Student Enrolment and Profile	40
2.2	Student Teacher Ratio	40
2.3	Teaching- Learning Process	40
2.4	Teacher Profile and Quality	40
2.5	Evaluation Process and Reforms	40
2.6	Student Performance and Learning Outcome	90
2.7	Student Satisfaction Survey	60

Key Indicator	Criterion 1 – Curricular Aspects	100
1.1	Curricular Planning and Implementation	20
1.2	Academic Flexibility	30
1.3	Curriculum Enrichment	30
1.4	Feedback System	20