TU yet to clear over Rs 21 billion of arrears

- RASTRIYA SAMACHAR SAMITI, Kathmandu

Apr 18, 2019-

Tribhuvan University, the country’s oldest public university, has arrears amounting to over Rs 21.12 billion in the last two fiscal years—2017/18 and 2018/19—according to a report of the Office of Auditor General.

The audit reveals that book keeping of 58 TU bodies has not been updated for two consecutive years, while records of 117 units have not been kept.  The clearance process is underway for a total of 117 TU bodies following their failure to maintain their records, according to the report.

According to the University Financial Management and Procurement Rule 2050, record keeping should be maintained within 35 days of the expiry of a fiscal year.

The report also reveals that teachers and staff have not cleared the loans they have taken from several funds.

The university is yet to recover loans that accrue to be around Rs 83 billion from 5,148 individuals.Rs60 million to be realised from 10 medical colleges The OAG’s report pointed out that Rs 60.6 million in institutional fees is yet to be realised from 10 medical colleges that are affiliated to the Institute of Medicine (IoM), Dean’s Office.

The report also stated that the Dean’s Office has not kept a record of the financial details of the medical colleges, which they have to submit every six months.

The university’s registrar holds the responsibility and accountability of all financial transactions as the financial chief.

Published: 18-04-2019 11:14

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