Mobilisation & Utilisation of Resources
Institutional strategies for mobilisation of funds and the optimal utilisation of resources
The Balaji Institute of Technology and Science which does not receive grants or donations from Government
Mobilization of funds
The major source of mobilization of funds for generation of necessary financial need is through the collection of tuition fees from the students admitted for various UG and PG programmes.
Other source of income includes Interest from bank, Interest NSC deposits, Library receipts, examination fee, Bus Fee, Exam Remuneration, Application, fee, Workshops & seminars and miscellaneous income.
The other financial sources are technical consulting, research project grants, sponsorships for various conferences, seminars, establishment of Industry sponsored labs etc. The budget requirement of all departments is submitted to the Principal's office. The resources required are justified by respective HODs along with submitted budget.
Optimum utilization of Resource
The funds are utilized for approved academic expenses and administrative expenses as per the norms laid down by the authorities.
Major proportions of funds are allocated for remuneration to the teaching professionals and administrative staff members.
Further to mobilize the financial resources, funds are allocated, and expenditures are prioritized as follows:
To conduct staff activities like staff welfare.
To conduct orientation programs, workshops, FDPs, training programs that ensures quality education.
Adequate funds are utilized for development and maintenance of infrastructure of the Institute towards upkeep of the tangible fixed assets, Repairs and maintenance of Administrative areas, Laboratories, Classrooms, etc
The funds are allocated to conduct Guest lectures by renowned experts from Industry.
To conduct student activities like technical competitions, cultural activities, literary events, seminars, workshops, placements, uniforms, study notes and study material printing etc.
Funds are allocated for digital content development. University expenditure towards eligibility fees, enrolment fees, registration fees etc. are paid.
Examination expenses including remuneration to examiners are paid.
Funds are allocated to encourage research and development activities. Requisite funds are utilized for enhancing library facilities like subscriptions to Books/ Journals/ Periodicals/ Magazines/ Newspapers each year.
Funds are also allocated towards security, fire fighting charges, water proofing etc.