Whether any budget provision is to be made for booking the Government contribution under the Functional Major Head?
Ans. – At present, the Government matching contributions are booked under the Minor Head 502-EAT’ which is a transitory head. No budget provision is required. Before the accounts are closed, the balances under this head should be transferred to the final head. No balance should remain under this head. After the accounting heads are finalized, the amount of Government contribution should be debited to a functional Major Head for which there should be provision of funds.
