Statute Regulating Financial Affairs in Universities · Article 23

The Financial Controller must ensure that there is appropriation for spending in the university’s budget and that there is a system or approval in place or direct orders from the concerned authority at the university approving the disbursement. The Financial Controller must refrain from signing the documents if he determines that they are in violation of the approved university budget rules, the rules and regulations applied by the university, or the rules and regulations applied at the university, or the financial instructions for the budget and accounts, with a statement in writing of the reasons for abstaining. If there is a dispute regarding the disbursement between the Financial Controller and the Director of Financial Affairs, the matter, including the two viewpoints, shall be submitted to the University President whose decision in this regard is final. If the Financial Controller is not in agreement with the University President’s decision, he must (after implementation) prepare a report to be submitted to the University Council for its consideration. The University Council’s decision is final.