SRINAGAR: Director General, Local Fund Audit and Pensions, Jammu and Kashmir, Neeraj Gupta Bakshi on Wednesday reviewed financial compliance, pending audit observations and pension-related matters concerning Urban Local Bodies (ULBs) in Kashmir division.
The meeting, organised by the Deputy Director, Local Fund Audit and Pensions, Kashmir, was attended by Deputy Director, Urban Local Bodies, Kashmir, Syed Nadeem Iqbal, along with chief executive officers, pay and accounts officers and executive officers of urban local bodies across the division.
The meeting focused on financial management, compliance with prescribed rules and procedures, transparency, accountability and the efficient utilisation of public funds.
Officials were asked to ensure the timely settlement of pending audit observations and submission of compliance reports. They were also directed to examine outstanding audit objections, take corrective measures and adhere to prescribed timelines for compliance.
Pension-related issues, including verification of service records, maintenance of service books and timely processing of pension cases, were also reviewed. The meeting stressed complete documentation and prompt resolution of pending cases in accordance with applicable rules.
Deputy Director, Local Fund Audit and Pensions, Kashmir, Maheen Yasin presented issues concerning financial administration, accounting practices, revenue realisation, procurement procedures and the execution of developmental works. The review highlighted the need for improved statutory compliance, systematic record maintenance and stronger internal monitoring.
Iqbal assured the meeting that the issues raised would be taken up at the Directorate level and necessary directions issued to subordinate offices. He also said remedial measures, including the use of technology, had been undertaken to improve the functioning of municipalities.
Bakshi stressed financial discipline, compliance with established procedures and a performance-oriented approach to addressing the issues identified during the review. She also called for stronger revenue mobilisation and monitoring mechanisms, better coordination among departments and proper documentation and verification of public expenditure.
The Director General further emphasised capacity-building for officers and officials involved in financial administration, describing auditors as guides who could help institutions improve their practices. She called for identifying, monitoring and sharing good practices across the organisation to improve financial management and implementation of government schemes.
