Annual Report Sikkim University

ANNUAL ACCOUNTS okf"kZd ys[kk 2019-20
The Annual Accounts and Balance Sheet of Sikkim University for the financial
year 2019-20 have been prepared in accordance with Section 33 of the Sikkim
University Act 2006. These accounts have been duly audited by the
Comptroller and Auditor General of India in his capacity as the statutory
auditor under the Act.
It is my pleasure to submit the Annual Accounts of Sikkim University for the

year 2019-20 together with the Audit Report (SAR) thereon duly approved by
the authorities of the University to the Ministry of Human Resource
Development, Govt. of India within the stipulated time. It is hoped that the
Ministry will take necessary steps to cause them to be laid before both Houses
of the Parliament in the forthcoming session.
Gangtok Professor Avinash Khare

02.02.2021 (VICE CHANCELLOR)
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BALANCE SHEET AS AT 31 MARCH 2020
Amount in Rupees
Sch Current Year Previous Year
SOURCES OF FUNDS No 31.03.2020 31.03.2019
(Rs) (Rs)
Corpus/ Capital Fund 1 1,86,45,11,232 1,44,89,06,964
Designated/ Earmarked/ Endowment Fund 2 4,24,42,750 4,34,06,854
Current Liabilities & Provisions 3 92,16,33,902 1,13,75,40,434
Total 2,82,85,87,884 2,62,98,54,252
APPLICATION OF FUNDS
Fixed Assets 4
Tangible Assets 53,81,52,411 57,14,46,410
Intangible Assets 63,71,864 16,89,485
Capital Work in Progress 81,67,00,568 50,16,26,623
Investments from Earmarked

/ Endowment Fund 5 1,66,54,780 1,58,34,732
Long Term
Short Term
Investments-Others 6 94,58,14,785 1,05,41,05,088
Current Assets 7 27,96,81,367 25,60,10,189
Loans, Advances and Deposits 8 22,52,12,109 22,91,41,725
2,82,85,87,884 2,62,98,54,252
Significant Accounting Policies 23

Contingent Liabilities and Notes to Accounts 24
(CB Chhetri) (Debasish Pal) (Avinash Khare)

Deputy Registrar (I/C) Finance Officer Vice Chancellor
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INCOME AND EXPENDITURE ACCOUNT

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FOR THE YEAR ENDED 31 MARCH 2020
Amount in Rupees
Sch Current Year Previous Year
Particulars No 31.03.2020 31.03.2019
(Rs) (Rs)
INCOME
Academic Receipts 9 2,73,73,519 2,26,75,456

Grants/ Subsidies 10 60,93,84,974 53,06,89,763
Income from Investments 11 6,44,34,062 5,35,59,675
Interest Earned 12 32,13,253 27,76,550
Other Income 13 21,51,457 19,88,345
Prior Period Income 14 5,50,380 14,71,589
Total (A) 70,71,07,644 61,31,61,378
EXPENDITURE
Staff Payments and Benefits

(Establishment Expenses) 15 42,94,25,930 38,55,41,840
Academic Expenses 16 7,24,82,163 4,40,57,848
Administrative and General Expenses 17 9,21,89,247 9,06,33,751
Transportation Expenses 18 66,26,858 45,88,411
Repairs and Maintainence 19 73,44,240 58,14,741
Finance Costs 20 2,44,112 24,443
Depreciation 4 6,89,93,682 6,58,58,743
Other Expenses 21 - -
Prior Period Expenses 22 10,72,424 28,729
Total (B) 67,83,78,656 59,65,48,506
Balance being excess of Income

over Expenditure (A-B) 2,87,28,989 1,66,12,872
Transfer to/ from Designated Fund
Building Fund
Other (Specify)
Balance being surplus/deficit carried over to

Capital Fund 2,87,28,989 1,66,12,872
Significant Accounting Policies 23

Contingent Liabilities and Notes to Accounts 24
(CB Chhetri) (Debasish Pal) (Avinash Khare)

Deputy Registrar (I/C) Finance Officer Vice Chancellor
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RECEIPTS AND PAYMENTS ACCOUNT
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FOR THE YEAR ENDED 31 MARCH 2020 Amount in Rupees
Current Year Previous Year Current Year Previous Year
RECEIPTS 31.03.2020 31.03.2019 PAYMENTS 31.03.2020 31.03.2019
(Rs) (Rs) (Rs) (Rs)
1. Opening Balance 1. Expenses:

a) Cash Balances - 3,914 a) Establishment Expenses 30,16,68,524 25,41,17,846
b) Cash Balances-Project b) Academic Expenses 4,48,15,127 2,96,87,012
c) Bank Balances c) Administrative Expenses 9,59,41,579 9,32,93,229
i) Savings Accounts 19,71,28,292 9,43,50,188 d) Transportation Expenses 62,04,077 45,25,611
ii) Project Accounts 3,36,05,982 3,66,02,333 e) Repairs and Maintenance 68,33,394 50,96,599
f) Prior period expenses 10,232
2. Grants received: g) Finance Cost 2,44,112
a) From Government of India 2. Payments against earmarked/
b) From Other Sources (UGC) Endowment fund 40,05,668 41,30,119
Grants for Non-recur.
8,20,00,000 7,11,22,000
expenditure
Grants for Recurring

11,65,53,000 18,00,00,000 3. Payments against sponsored projects/ 4,70,72,749 8,70,80,824
expenditure
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Grants for Salary 29,96,10,000 25,81,07,000 Schemes
Grant (EWS-Recurring) 19,00,000
Grant (EWS-Salary) 1,03,00,000
Receivables of FY 18-19 18,88,78,000 12,04,06,000
3. Academic Receipts 2,78,66,140 2,25,25,553
4.Payments against sponsored fellowship 38,28,339 59,73,314
4. Receipts against Earmarked / / Scholarships
Endowment fund 25,79,565 43,38,349
5. Investments and deposits made
a) Out of Earmarked / Endowment
5.Receipts against Sponsored projects/ 44,63,800 80,00,000
funds
Schemes 10,15,58,491 8,29,99,804 b) Out of own funds
6. Receipt against sponsored fellowship 6. Term Deposits with scheduled banks 1,11,59,07,827 2,09,00,06,971
and scholarship 69,57,851 58,31,328
7. Refund of grants - -
Balance c/f to previous page.. 1,06,89,37,321 87,62,86,469 Balance c/f to previous page.. 1,63,09,85,196 2,58,19,21,757
(CB Chhetri) (Debasish Pal)

Deputy Registrar (I/C) Finance Officer
RECEIPTS AND PAYMENTS ACCOUNT
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FOR THE YEAR ENDED 31 MARCH 2020 Amount in Rupees
Current Year Previous Year Current Year Previous Year
RECEIPTS 31.03.2020 31.03.2019 PAYMENTS 31.03.2020 31.03.2019
(Rs) (Rs) (Rs) (Rs)
Balance b/f from previous page.. 1,06,89,37,321 87,62,86,469 Balance b/f from previous page.. 1,63,09,85,196 2,58,19,21,757
7. Income on Investments from 8. Expenditure on Fixed Assets and

a) Earmarked funds Capital work in progress
b) Other Investments 3,89,15,349 6,41,45,082 a) Fixed Assets:
i) Tangible Assets 1,08,79,383 1,44,82,734
8. Interest received on: ii) inangible Assets 20,32,100 26,43,713
a) Bank Deposits - - iii) Capital Work in progress 18,61,31,955 10,85,06,895
b) Loans and Advances - -
c) Savings bank account 89,88,427 67,30,104 9. Other payments inc. Statutory payments 18,36,49,011 6,77,44,473
9. Investments encashed (Earmarked) 36,43,752 46,23,804 10. Deposits and advances 8,59,60,652 15,39,56,160
10. Term deposits with scheduled banks 1,22,68,81,449 2,17,40,38,854 11. Other Payments ( trf. to CP Fund) - -
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encashed
12. Closing Balance
11.Other Income (Including prior period) 14,54,423 6,40,877 a) Cash Balances 9,955 -
b) Bank Balances
12. Deposits and advances 13,29,317 2,81,12,052 i) Current Accounts - -
ii) in Deposit Accounts - -
13. Miscellaneous recipts including iii) Savings Accounts 20,21,64,808 19,69,68,961
Statutory Receipts 1,03,648 52,53,433 iv) Project a/c 5,02,20,37 4 3,36,05,982
14. Caution Money Deposit 6,08,432 -
15. Any other Receipts 11,71,316 -
Total 2,35,20,33,434 3,15,98,30,675 2,35,20,33,434 3,15,98,30,675


SCHEDULES FORMING PART OF BALANCE SHEET

Schedule-1
CORPUS/ CAPITAL FUND Amount in Rupees
Current Year Previous Year
31.03.2020 31.03.2019
(Rs) (Rs)
Balance at the begining of the year 1,44,89,06,963 1,15,92,87,902

Add: Contribution towards Corpus/ Capital fund - -
Add: Grants from UGC, Government of India and
State Government to the extent utilized for
Capital Expenditure 37,16,81,474 27,30,06,189
Add: Assets purchased out of Earmarked fund - -
Add: Assets purchased out of Sponsored Projects,
where ownership vests in the institutions - -
Add: Assets donated/ gifts received (Vijaya) -
Add: Other Additions (Excess provisions) 1,53,66,839 -
Add: Excess of Income over Expenditure transferred
from Income and Expenditure Account 2,87,28,989 1,66,12,872
Less: FD wrongly treated as SB A/C during F.Y. 2018-19 -1,73,033
Balance at the year end 1,86,45,11,232 1,44,89,06,963

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Schedule-2
DESIGNATED / EARMARKED/ ENDOWMENT FUND Amount in Rupees
FUNDWISE BREAKUP
Endowment Endowment Designated Designated Endowment Endowment Endowment Current Year Previous Year
PARTICULARS Fund Fund Fund Fund Fund Fund Fund 31.03.2020 31.03.2019
Prof.Sameera
LUCA UGC grant for Sitaram
Maiti SU Research Prof.Sameera
PACIOLI Hot Spot Wi-Fi Jindal ICAI (Rs) (Rs)
Distinguish Fund Maiti Gold
Endowment Project Foundation
Lecture Medal
A)
a) Opening Balance 2,29,363 5,34,435 2,64,80,930 1,50,83,787 53,175 8,60,712 1,72,719 4,34,15,121 4,28,33,212
b) Additions during the year 1,84,500 - - 15,47,743 - - 17,32,243 31,49,150
c) Income from Investments made of the funds 34,917 3,76,653 3,247 51,295 7,804 4,73,916 3,45,358
d) Accrued interest on Investments/ Advances 6,770 - 9,15,186 - 3,983 9,25,939 2,81,882
e) Interest on Savings Bank A/c 1,615 2,75,790 70 2,77,475 6,77,528
f) Other Additions (Employer contribution) - -
g) Other Additions (Advance Refund/Settled) 70,000 70,000 85,000
h) Other Additions (Payable -Sikkim University) - -
i) Other Additions (Miscellaneous) 25,146 25,146 2,83,631
- -
Total (A) 4,20,633 5,70,967 2,64,80,930 1,82,94,305 56,492 9,12,007 1,84,506 4,69,19,840 4,76,55,761
B)
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i) Utilization. Expenditure towards objective of - 1,00,000
funds - - -
ii) Capital Expenditue - -
iii) Revenue Expenditue 1,21,863 19,977 36,78,682 3,55,978 - 91,876 8,714 42,77,090 40,83,906
iv) Advance 2,00,000 2,00,000 65,000
Total (B) 1,21,863 19,977 36,78,682 5,55,978 - 91,876 8,714 44,77,090 42,48,906
-
Closing Balances at the year end (A-B) 2,98,770 5,50,990 2,28,02,248 1,77,38,327 56,492 8,20,131 1,75,792 4,24,42,750 4,34,06,855
Represented by
Cash and Bank Balances - 50,990 2,28,02,248 8,05,507 2,326 8,20,131 9 2,44,81,211 2,72,88,666
Investments 2,92,000 5,00,000 1,56,40,980 50,000 - 1,71,800 1,66,54,780 1,58,34,732
Interest accrued but not due/Amount 6,770 - 9,15,186 4,166 - 3,983 9,30,105 2,83,456
Recievable* from main a/c by Gold medal 3,76,654 3,76,654
Total 2,98,770 5,50,990 2,28,02,248 1,77,38,327 56,492 8,20,131 1,75,792 4,24,42,750 4,34,06,854

Schedule-2A
ENDOWMENT FUND
Amount in Rupees
Name of the Opening Balance Additions during the year Total Expenditure on Closing Balance Total
Endowment Fund Endowment Accumulated Endowment Interest Endowment Accumulated the object during Endowment Accumulated
Interest Interest the year Interest
1 2 3 4 5 6 7 8 9 10 11 12
(3+5) (4+6) (10+11)
A)
a) Institute of 1,40,657 32,062 - 11,787 1,40,657 43,849 8,714 1,40,657 35,135 1,75,792
Chartered Accountants
of India (ICAI)
b) Sitaram Jindal 7,50,149 1,10,563 - 51,295 7,50,149 1,61,858 91,876 7,50,149 69,982 8,20,131
Foundation
c) Prof.Sameera Maiti 50,000 3,175 - 3,317 50,000 6,492 - 50,000 6,492 56,492
Gold Medal
d) Prof.Sameera Maiti 5,00,000 34,435 - 36,532 5,00,000 70,967 19,977 5,00,000 50,990 5,50,990
Distinguished
Lecture Series
e) LUCA PACIOLI 2,29,363 - 1,84,500 6,770 4,13,863 - 1,21,863 2,92,000 6,770 2,98,770
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Dept of Commerce
TOTAL 16,70,169 1,80,235 1,84,500 1,09,701 18,54,669 2,83,166 2,42,430 17,32,806 1,69,369 19,02,175


Schedule-3
CURRENT LIABILITIES AND PROVISIONS
Amount in Rupees
31.03.2020 31.03.2019
(Rs) (Rs)
A CURRENT LIABILITIES
1 Deposits from Staff - -
2 Deposits from Students 27,09,416 22,65,480
3 Sundry Creditors:
a) For Goods and Services 13,74,73,845 14,80,37,561
b) Others - -
4 Deposit-Others (including EMD, Security Deposit) 40,78,047 1,15,87,823
5 Statutory Liabilities
a) Overdue (GPF,TDS,WC Tax,CPF,GIS, NPS) 9,96,212 11,34,384
b) Others - -
6 Other Current Liabilities:- - -
a) Salaries - -
b) Sponsored projects 9,64,56,664 4,25,00,431
c) Sponsored fellowship and scholarship 69,40,497 41,04,325
d) Unutilised Grants 48,65,83,424 80,18,00,872
e) Grants in advance - -
f) Secuity Deposit deducted from Contractors 1,41,08,960 -
g) Alumni Asso. Fund 1,03,220 -
h) Payable to Architects/PMC/Contactors 33,10,361 -
i) Mess Fee payable 10,29,862 -
g) Other Liabilities 10,500 52,67,833
h) Receipts on account of Foreign Payments from Projects 12,53,673 -
i) Committed Expenditure (Rent & GST on rent) 62,76,547
j) Unspent balance of sponsored Seminars 2,09,725
k) Penalty for delayed campus construction work (NCC Ltd) 8,91,600
Total (A) 76,24,32,552 1,01,66,98,709
B) PROVISIONS
1 For Taxation - -
2 Gratuity 5,70,73,246 4,72,48,022
3 Superannuation Pension - -
4 Accumulated Leave Encashment 8,34,11,885 5,79,15,639
5 Trade Warranties/ Claims - -
6 Others (Interest refundable to UGC) 1,20,32,686 1,56,78,064
7 NPS arrear (For 8 months @ 4%) 66,83,533
Total (B) 15,92,01,350 12,08,41,725
Total (A+B) 92,16,33,902 1,13,75,40,434

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Schedule-3A
SPONSORED PROJECTS
Amount in Rupees
Sl Receipts/ Expenditure
Opening Balance Closing Balance
Name of Project Recoveries Total during
No Credit Debit during the year the year Credit Debit
1 2 3 4 5 6 7 8 9
A Dept.of Science and Technology
a.1 Himalayan Cryosphere (UL) 14,343 6,460 20,803 - 20,803
a.2 Fermented Milk (JPT) 2,124 3,150 5,274 - 5,274
a.3 Hot Spring of Sikkim (NThk) 12,071 536 12,607 - 12,607
a.4 Assessment of Carbon seqreg.(NB Devi) 5,66,754 10,520 5,77,274 5,66,791 10,483
a.5 Transcriptome Profiling (SGh) 3,496 64 3,560 2,121 1,439
a.6 Carcohydrate Based Diversity (BGR) 2,35,335 - 7,10,336 9,45,671 6,20,857 3,24,814
a.7 Human Leukoctye antigen (BS) 2,10,912 3,03,785 5,14,697 5,12,859 1,838
a.8 DST (S maheswari) 55,430 569 55,999 55,890 109
a.9 DST (Anand pariyar) 6,12,680 5,64,776 11,77,456 4,95,445 6,82,011
a.10 DST (Karma Diki Bhutia) 4,54,261 6,531 4,60,792 3,10,103 1,50,689
a.11 DST (Sudarshan Tamang)( SNICB) 6,30,506 6,32,210 12,62,716 7,08,929 5,53,787
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a.12 DST (Sudarshan Tamang)( DBFQ) 4,08,616 3,12,163 7,20,779 5,44,652 1,76,127
a.13 DST-INSPIRE Camp (AK. Mishra) 1,47,551 - 1,47,551 83,540 64,011
a.14 DST-FIST -Botany Dept 47,19,822 99,810 48,19,632 32,27,079 15,92,553
a.15 DST-QUANTUM MEM (Ajay Tripathi) 25,65,989 3,36,600 29,02,589 23,63,840 5,38,749
a.16 DST-SRMP (Dr. K Birla) 1,06,141 6,08,819 7,14,960 4,66,048 2,48,912
a.17 DST-TAKYDROMUS (Basundhara Chetri) 8,72,159 16,701 8,88,860 8,56,400 32,460
a.18 DST-SERB-TPCNUP (A Tripathi) 40,20,452 65,740 40,86,192 33,46,693 7,39,499
a.19 DST-SERB-CSNEMPSH (M.Rana) 9,13,894 9,13,894 2,07,268 7,06,626
a.20 DST-ICPS-NETRA (S.ROY) - 10,18,914 10,18,914 7,35,166 2,83,748
a.21 DST-FIST -Physics Dept - 1,82,91,104 1,82,91,104 - 1,82,91,104
a.22 DST-COE-Geology Dept - - 3,71,14,216 3,71,14,216 - 3,71,14,216
a.23 DST-FIST-Zoology Dept - - 71,00,000 71,00,000 - 71,00,000

Schedule-3A
SPONSORED PROJECTS
Amount in Rupees
..
B Dept.of BioTechnology
b.1 Marcha Diversity (JPT) 282 79 361 282 79
b.2 DBT-Bio Inform (JP Tamang) 1,00,970 9,00,524 10,01,494 7,39,710 2,61,784
b.3 DBT (N.Satnarayan) 5,12,708 1,14,306 6,27,014 6,08,629 18,385
b.4 DBT (N.Thakur) 2,26,137 9,76,462 12,02,599 2,26,143 9,76,456
b.5 DBT (B.G.Roy) 3,02,237 7,88,994 10,91,231 3,85,127 7,06,104
b.6 DBT. (Laxuman Sharma) 14,70,624 1,90,902 16,61,526 6,74,921 9,86,605
b.7 DBT Dr. J.P.Tamang (Food Fermenting) 2,66,862 6,70,258 9,37,120 3,87,502 5,49,618
b.8 DBT-BANNANA ( Laxuman Sharma) 18,18,202 28,175 18,46,377 11,88,492 6,57,885
b.9 BDBT-DIA Centre (J P Tamang) 11,54,047 24,41,552 35,95,599 20,82,973 15,12,626
b.10 DBT-PGA (JP Tamang) 4,10,991 2,04,022 6,15,013 6,08,306 6,707
b.11 DBT-ELUCIDATING (Arun Chettri) 12,01,760 29,394 12,31,154 5,96,645 6,34,509
DBT-Sponsored International Conference (Birla
b.12 - 1,00,000 1,00,000 1,00,000 -
Singh)
Balance C/f to next page.. 2,31,03,462 - 7,45,61,566 9,76,65,028 2,27,02,411 7,49,62,617 -
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Schedule-3A
SPONSORED PROJECTS Amount in Rupees
Sl Receipts/ Expenditure during
Name of Project Recoveries Total the year
No Credit Debit during the year Credit Debit
1 2 3 4 5 6 7 8 9
Balance b/f from previous page.. 2,31,03,462 - 7,45,61,566 9,76,65,028 2,27,02,411 7,49,62,617 -
C International Project
c.1 GRDHFL VHCR CABI (S.Manivannan) 74,315 2,69,062 3,43,377 50,407 2,92,970
BUET, Bangladesh Sponsored Project (Dr. Anil Kr.
c.2 1,21,437 1,21,437 1,21,437 -0.14
Mishra)
c.2 SU/2015/COCOON (VK) 66,068 2,349 68,417 - 68,417
c.3 ICIMOD VK-01 8,37,540 29,783 8,67,323 - 8,67,323
c.4 ASEAN (Nidhi Saxena) 1,35,666 - 1,35,666 93,289 42,377
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University Grants Commission
d.1 UGC-DAE/2012/CRS-68 (A. Tiwari) 3,458 122 - 3,580 3,580
d.2 SU/2015//UGC/STARTUPGrant (BGR) 2,488 84 2,572 2,572 -
d.3 SU/2015/UGC/START UP Grant (NBDevi) 38,758 402 39,160 39,160 -
d.4 SU/2015/UGC/START UP Grant (ThRS) 4,65,262 12,377 4,77,639 4,77,639 -
d.5 UGG-AS Chandel 440 45616 456 -
d.6 CEL-Samar Sinha 58,29,310 1,52,850 59,82,160 45,42,055 14,40,105
d.7 ESLITLS SUJATA UPADHYAY 4,27,026 7,107 4,34,133 2,69,435 1,64,698
Total 3,09,83,793 - 7,51,57,155 10,61,40,948 2,82,98,405 7,78,42,543 -

Schedule-3A
SPONSORED PROJECTS
Amount in Rupees
Sl Receipts/ Expenditure during
Name of Project Recoveries Total the year
No Credit Debit during the year Credit Debit
1 2 3 4 5 6 7 8 9
Balance b/f from previous page.. 3,09,83,793 - 7,51,57,155 10,61,40,948 2,82,98,405 7,78,42,543 -
E Domestic Project
e.1 Tea Board(Horticulture) 3,31,287 11,781 3,43,068 - 3,43,068
e.2 NMHS (D R Chetri) 5,08,804 14,211 5,23,015 1,60,913 3,62,102
e.3 NMHS(Bhoj Kr. Acharya) 27,97,506 1,02,89,328 1,30,86,834 79,17,807 51,69,027
e.4 NSS Cell (N Saxena) 3,28,385 1,66,725 4,95,110 95,674 3,99,436
e.4 Other Projects 2,89,090 - 2,89,090 - 2 ,89,090
e.5 NMHS-BIO CONTROL ( N Bag) 2,52,520 2,75,526 5,28,046 3,10,321 2,17,725
e.6 NMHS-CONSERVATION (Laxuman Sharma) 5,99,782 31,28,370 37,28,152 21,62,995 15,65,157
e.7 NMHS-HIMALAYAN (N Bag) 13,62,273 22,12,976 35,75,249 24,30,796 11,44,453
e.8 ICMR-TLRGene-(Bisu Singh) - 6,64,675 6,64,675 65,032 5,99,643
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e.9 ICHR-MEDIEVAL (S.Jeev) - 71,973 71,973 - 71,973
e.10 NMHS-(V Khawas) - 4,30,000 4,30,000 2,55,611 1,74,3 89
e.11 INSA-MINOR PROJ.(V.Pant) - 1,34,000 1,34,000 70,000 64,000
F ICSSR
f.1 ICSSR (S Panda) 1,26,211 4,488 1,30,699 - 1,3 0,699
f.2 ICSSR (N.K.Thingujam) 5,82,592 13,496 5,96,088 5,82,605 13,483
f.3 ICSSR (Rajesh Raj.SN) 2,98,635 6,421 3,05,056 3,03,117 1,939
f.4 ICSSR (Swati A.Sachdeva) 822 22 844 575 269
f.5 ICSSR ( N.K.Paswan) 2,35,308 8,367 2,43,675 - 2,43,675
f.6 ICSSR (Praveen K Mishra) 59,687 2,123 61,810 - 61,810
f.7 ICSSR (T.Vijay Kumar) 19,019 1,62,149 1,81,168 1,80,184 984
f.8 ICSSR-RDA (Manoj K. Das) 97,687 - 97,687 33,600 64,087
f.9 ICSSR (Komal Sinha) 16,860 26,322 43,182 - 43,182
f.10 ICSSR (Namrata) 89,381 1,85,382 2,74,763 1,72,143 1,02,620
f.11 ICSSR-PESRYR-2018 60,000 - 60,000 - 60,000
f.12 ICSSR-Waste Mgmt (K Indira) 78,954 94,080 1,73,034 1,45,001 28,033
f.13 ICSSR-IMPRESS (M.Choubey) - 3,24,246 3,24,246 2,42,065 82,181

Schedule-3A
SPONSORED PROJECTS
Amount in Rupees
G GOVT OF SIKKIM/ OTHER GOVT BODIES
g.1 GOS (S.A Sachdeva) 42,241 1,502 43,743 - 43,743
g.2 GOS (Arun K Chhetri) 2,12,342 6,91,010 9,03,352 80,644 8,22,708
g.3 GOS (Komal Sinha) 2,20,000 2,20,000 1,49,166 70,834
g.4 GOS Seminar-Economics Dept. GOS 1,57,879 - 1,57,879 80,250 77,629
g.5 Seminar-(V.Rama Devi) 41,787 41,787 - 41,787
g.7 Unnat Bharat Abhiyan 1,03,250 - 1,03,250 55,410 47,840
g.8 GOS-Farming System ( Laxuman Sharma) 7,29,079 7,43,618 14,72,697 8,45,094 6,27,603
g.9 GOS-Sikkim Himalaya (Bhoj K Acharya) 11,93,894 30,210 12,24,104 11,61,907 62,197
g.10 National Conference-(RGNIYD) 3,52,000 - 3,52,000 3,52,000 -
g.11 Seminar-ICHR (Veenu Pant) 4,89,500 - -4,89,500 - 4,89,500
g.12 NFCH (NK Paswan) 1,00,000 - 1,00,000 31,870 68,130
g.13 ICSSR Capacity Building (N K Paswan) 2,88,865 - - 2,88,865 - 2,88,865
g.14 Projects (UID) - 66,40,907 66,40,907 14,11,147 52,29,760

g.15 Grant Received from RGNIYD - 59,559 59,559 59,559 -
20
Total 4,25,59,933 4,89,500 10,15,50,622 14,36,21,055 4,76,53,891 9,64,56,664 4,89,500

Schedule-3B
SPONSORED FELLOWSHIP AND SCHOLARSHIPS Amount in Rupees
Sl Opening Balance Transactions Closing Balance
Name of Sponsor as on 01.04.2019 during the year as on 31.03.2020
No Credit Debit Credit Debit Credit Debit
1 2 3 4 5 6 3 4
A University Grants Commission
A.1 Junior Research Fellowship 6,26,750 - 6,26,750
A.2 Rajiv Gandhi National Fellowship 8,59,329 - - 8,59,329
B Ministry (DST)
b.1 INSPIRE (Faculty Award) 17,34,505 31,13,819 20,95,791 27,52,533
b.2 Inspired fellowship(Sayak Das) 3,44,000 - 3,24,000 20,000
b.3 Inspired fellowship(Sidhant Basel)) 1,82,000 4,71,656 1,82,000 4,71,656
b.4 Inspired fellowship(Tanaya Srivastav) 3,20,000 4,38,000 3,20,000 4,38,000
b.5 Inspired Fellowship (Dipika Dutta) - 3,95,840 2,03,000 1,92,840
Inspired Fellowship (Ranjit K Singh) - 3,95,840 2,61,000 1,34,840
C Others (Specify) - -
21
c.1 ICSSR Fellowship 26,000 - 30,000 4,000
c.2 ICSSR Post Doc Fellowship(Dr.A.Hannan) 10,477 - - 10,477
c.3 ICSSR Fellowship (Dinesh Gupta) 96,000 - - 96,000
c.5 IUAC Fellowship (Dr.Archana Tiwari Project) 46 3,93,954 1,93,000 2,01,000
c.6 Sipend/Means Cum Merit Scholarship 38,479 - 1,100 37,379
c.7 ICSSR Fellowship (Biplove Kuamr) 7,500 1,30,000 1,27,500 10,000
c.8 ICSSR Fellowship (Geeta Shree Roy) 15,000 1,30,000 1,05,000 40,000
c.9 ICSSR Fellowship (Maheema Rai) 1,04,048 - 1,03,500 548
c.10 ICSSR Fellowship (Yugal Kishore Khanal) 1,03,500 - - 1,03,500
c.11 ICSSR Fellowship (Smriti Prasad) 1,30,000 1,30,000 2,40,000 20,000
c.12 OSWD Fellowship (Kausila Timsina) 3,66,020 2,95,392 5,49,492 1,11,920
c.13 ICSSR (P.Dong) - 1,30,000 1,30,000
c.14 ICSSR (Kishore .K Takri) - 1,30,000 - 1,30,000
c.15 Fellowship (UIF) - 14,13,054 - 14,13,054
Total 41,04,325 8,59,329 75,67,555 36,09,891 69,40,497 8,63,329


Schedule-3C
UNUTILISED GRANT FROM UGC, GOVERNMENT OF INDIA AND STATE
GOVERNMENTS
Amount in Rupees
31.03.2020 31.03.2019
(Rs) (Rs)
A Plan Grants: Government of India

Balance B/f - -
Add: Receipts during the year - -

Less: Refund - -
Less: Utilized for Revenue Expenditure - -
Less: Utilized for Capital Expenditure - -
Unutilized Carried ForwardTotal (A) - -
B UGC Grant: Plan

Balance B/f 80,18,00,872 90,73,89,824
Add: Receipts during the year 65,36,49,000 69,81,07,000
Add: Receipts during the year (EWS) 1,22,00,000
Less: Refund - -
Less: Utilized for Revenue Expenditure 60,93,84,974 53,06,89,763
Less: Utilized for Capital Expenditure 37,16,81,474 27,30,06,189
Unutilized Carried ForwardTotal (B) 48,65,83,424 80,18,00,872
C UGC Grant: Non Plan

Balance B/f - -
Less: Refund - -
Unutilized Carried ForwardTotal (C)
D Grants from State Govt.

Balance B/f - -
Less: Refund - -
Unutilized Carried ForwardTotal (D)
Total (A+B+C+D) 48,65,83,424 80,18,00,872

22
Schedule-4
FIXED ASSETS Amount in Rupees
GROSS BLOCK DEPRECIATION NET BLOCK
Sl Asset Heads Rate Op Balance Cl. Balance Op Balance Dep. For Deductions/ Cl. Balance As On As On
% 01.04.2019 Additions Deductions 31.03.2020 01.04.2019 the year Adjustments 31.03.2020 31.03.2020 31.03.2019
1 Land 15,00,00,000 15,00,00,000 - - - 15,00,00,000 15,00,00,000

2 Site Development - - - - - -
3 Buildings 2% 12,90,67,523 12,90,67,523 77,44,050 25,81,350 1,03,25,400 11,87,42,123 12,13,23,473
4 Roads and Bridges 2% - - - - - -
5 Tubewells and Water Supply 2% 93,711 93,711 2,771 1,874 4,645 89,066 90,940
6 Sewerage and Drainage 2% - - - - - - -
7 Electrical Installation and Equip. 5% 1,11,02,723 25,28,353 15,340 1,36,15,736 27,73,476 6,80,787 34,54,263 1,01,61,473 83,29,247
8 Plant and Machinery 5% 41,75,444 41,75,444 14,96,962 2,08,772 17,05,734 24,69,710 26,78,482
9 Scientific and Laboratory Equip. 8% 35,95,83,756 48,12,928 36,43,96,684 20,45,82,705 2,91,51,735 23,37,34,440 13,06,62,244 15,50,01,051
10 Office Equipment 7.50% 1,01,27,625 16,51,287 1,17,78,912 42,33,835 8,83,418 51,17,253 66,61,659 58,93,790
11 Audio Visual Equipment 7.50% 1,16,07,599 8,99,782 1,25,07,381 45,75,147 9,38,054 55,13,201 69,94,180 70,32,452
12 Computer and Peripherals 20% 7,19,11,610 1,01,28,085 8,20,39,695 7,19,11,610 20,25,617 7,39,37,227 81,02,468 -
13 Furniture, Fixture and Fittings 7.50% 9,15,68,384 67,45,862 9,83,14,246 4,46,07,162 73,73,568 5,19,80,730 4,63,33,516 4,69,61,222
14 Vehicle 10% 75,07,058 75,07,058 27,74,864 7,50,706 35,25,570 39,81,488 47,32,194
15 Lib Books & Scientific Journals 10% 17,37,84,857 24,14,099 17,61,98,956 10,85,59,766 1,76,19,896 12,61,79,662 5,00,19,294 6,52,25,091
16 Sport Equipments 10% 2,87,049 2,87,049 1,27,372 28,705 1,56,077 1,30,972 1,59,677
17 Small Value Assets 7.50% 15,08,698 5,97,234 21,05,932 4,48,675 1,57,945 6,06,620 14,99,312 10,60,023
18 Networking Assets 7.50% 87,18,166 87,18,166 57,59,398 6,53,862 64,13,260 23,04,906 29,58,768
23
Total (A) 1,03,10,44,203 2,97,77,630 15,340 1,06,08,06,493 45,95,97,793 6,30,56,289 - 52,26,54,082 53,81,52,411 57,14,46,410
19 Capital Work in Progress 50,16,26,623 32,90,26,130 1,61,06,480 81,45,46,273 - - 81,45,46,273 50,16,26,623

20 Campus Development 22,34,095 79,800 21,54,295 - - 21,54,295
Total (B) 50,16,26,623 33,12,60,225 1,61,86,280 81,67,00,568 - - - - 81,67,00,568 50,16,26,623
-
20 Computer Software 40% 82,60,924 82,60,924 82,53,277 7,646 82,60,923 1 7,647
21 E. Journals 40% 2,48,91,417 1,06,43,619 23,848 3,55,11,188 2,32,09,579 59,29,747 2,91,39,326 63,71,863 16,81,838
22 Patents - -
-
Total (C) 3,31,52,341 1,06,43,619 23,848 4,37,72,112 3,14,62,856 59,37,393 - 3,74,00,249 63,71,864 16,89,485
-
Total (A+B+C) 1,56,58,23,167 37,16,81,474 1,62,25,468 1,92,12,79,173 49,10,60,649 6,89,93,682 - 56,00,54,331 1,36,12,24,843 1,07,47,62,518

Schedule-4A
PLAN
Amount in Rupees
Sl Asset Heads Rate Op Balance Cl. Balance Op Balance Dep. For Deductions/ Cl. Balance As On As On
% 01.04.2019 Additions Deductions 31.03.2020 01.04.2019 the year Adjustments 31.03.2020 31.03.2020 31.03.2019
1 Land 15,00,00,000 15,00,00,000 - - - 15,00,00,000 15,00,00,000

2 Site Development - - -- - -
3 Buildings 2% 12,90,67,523 12,90,67,523 77,44,050 25,81,350 1,03,25,400 11,87,42,123 12,13,23,473
4 Roads and Bridges 2% - - - - - -
5 Tubewells and Water Supply 2% 93,711 93,711 2,771 1,874 4,645 89,066 90,940
6 Sewerage and Drainage 2% - - - - - - -
7 Electrical Installation and Equip. 5% 1,11,02,723 25,28,353 15,340 1,36,15,736 27,73,476 6,80,787 34,54,263 1,01,61,473 83,29,247
8 Plant and Machinery 5% 41,75,444 41,75,444 14,96,962 2,08,772 17,05,734 24,69,710 26,78,482
9 Scientific and Laboratory Equip. 8% 35,95,83,756 48,12,928 36,43,96,684 20,45,82,705 2,91,51,735 23,37,34,440 13,06,62,244 15,50,01,051
10 Office Equipment 7.50% 1,01,27,625 16,51,287 1,17,78,912 42,33,835 8,83,418 51,17,253 66,61,659 58,93,790
11 Audio Visual Equipment 7.50% 1,16,07,599 8,99,782 1,25,07,381 45,75,147 9,38,054 55,13,201 69,94,180 70,32,452
12 Computer and Peripherals 20% 7,19,11,610 1,01,28,085 8,20,39,695 7,19,11,610 20,25,617 7,39,37,227 81,02,468 -
13 Furniture, Fixture and Fittings 7.50% 9,15,68,384 67,45,862 9,83,14,246 4,46,07,162 73,73,568 5,19,80,730 4,63,33,516 4,69,61,222
14 Vehicle 10% 75,07,058 75,07,058 27,74,864 7,50,706 35,25,570 39,81,488 47,32,194
15 Lib Books & Scientific Journals 10% 17,37,84,857 24,14,099 17,61,98,956 10,85,59,766 1,76,19,896 12,61,79,662 5,00,19,294 6,52,25,091
16 Sport Equipments 10% 2,87,049 2,87,049 1,27,372 28,705 1,56,077 1,30,972 1,59,677
17 Small Value Assets 7.50% 15,08,698 5,97,234 21,05,932 4,48,675 1,57,945 6,06,620 14,99,312 10,60,023
18 Networking Assets 7.50% 87,18,166 87,18,166 57,59,398 6,53,862 64,13,260 23,04,906 29,58,768
24
Total (A) 1,03,10,44,203 2,97,77,630 15,340 1,06,08,06,493 45,95,97,793 6,30,56,289 - 52,26,54,082 53,81,52,411 57,14,46,410
19 Capital Work in Progress 50,16,26,623 32,90,26,130 1,61,06,480 81,45,46,273 - - 81,45,46,273 50,16,26,623

20 Campus Development 22,34,095 79,800 21,54,295 - - 21,54,295
Total (B) 50,16,26,623 33,12,60,225 1,61,86,280 81,67,00,568 - - - - 81,67,00,568 50,16,26,623
-
21 E. Journals 40% 2,48,91,417 1,06,43,619 23,848 3,55,11,188 2,32,09,579 59,29,747 2,91,39,326 63,71,863 16,81,838
22 Patents - -
-
Total (C) 3,31,52,341 1,06,43,619 23,848 4,37,72,112 3,14,62,856 59,37,393 - 3,74,00,249 63,71,864 16,89,485
-
Total (A+B+C) 1,56,58,23,167 37,16,81,474 1,62,25,468 1,92,12,79,173 49,10,60,649 6,89,93,682 - 56,00,54,331 1,36,12,24,843 1,07,47,62,518

Schedule-4B
NON PLAN Amount in Rupees
Rate Op Balance Cl. Balance Op Balance Dep. For Deductions/ Cl. Balance As On As On
Asset Heads % 01.04.2019 Additions Deductions 31.03.2020 01.04.2019 the year Adjustments 31.03.2020 31.03.2020 31.03.2019
Land
Site Development
Buildings
`Roads and Bridges
Tubewells and Water Supply
Sewerage and Drainage
Electrical Installation and Equip.
Plant and Machinery
Scientific and Laboratory Equip.
Office Equipment
Audio Visual Equipment
Computer and Peripherals
Furniture Fixture and Fittings
Vehicles
Library Books & Scientific
Journals
25
Small Value Assets
Total (A)
Capital Work in Progress
Total (B)
Computer Software
E. Journals
Patents
Total (C)
Total (A+B+C)

Schedule-4C
INTANGIBLE ASSETS Amount in Rupees
Sl Rate Op Balance Cl. Balance Op Balance Dep. For Deductions/ Cl. Balance As On As On
No Asset Heads % 01.04.2019 Additions Deductions 31.03.2020 01.04.2019 the year Adjustments 31.03.2020 31.03.2020 31.03.2019
1 Patents & Copyrights - - - - - - - -

3 E. Journals 40% 2,48,91,417 1,06,43,619 23,848 3,55,11,188 2,32,09,579 59,29,747 2,91,39,326 63,71,863 16,81,838
-
Total (A) 3,31,52,341 1,06,43,619 23,848 4,37,72,112 3,14,62,856 59,37,393 - 3,74,00,249 63,71,864 16,89,485
Schedule-4C (i)
PATENTS AND COPYRIGHTS
Sl Op Balance Amortization Net Block Net Block
No Particulars 01.04.2019 Additions Gross 31.03.2020 31.03.2019
À Patents Granted - - - - -
1 Balance as on 31.03.2018 of patents obtained in (Original value Rs........................) - - - - -

26
4 Patents granted during the Current Year
Total (A) - - - - - -
Sl Op Balance Amortization Net Block Net Block
No Particulars 01.04.2019 Additions Gross 31.03.2020 31.03.2019
B Patents pending in respect of Patents applied for
1 Expenditure incurred during - - - - -

2 Expenditure incurred during - - - - - -
3 Expenditure incurred during - - - - - -
Total (A) - - - - - -
Grand Total (A+B) - - - - - -

Schedule-4D
OTHERS
Amount in Rupees
Sl Rate Op Balance Cl. Balance Op Balance Dep. For Deductions/ Cl. Balance As On As On
No Asset Heads % 01.04.2019 Additions Deductions 31.03.2020 01.04.2019 the year Adjustments 31.03.2020 31.03.2020 31.03.2019
1 Land
2 Site Development
3 Buildings
4 `Roads and Bridges
5 Tubewells and Water Supply
6 Sewerage and Drainage
7 Electrical Installation and Equip.
8 Plant and Machinery
9 Scientific and Laboratory Equip.
10 Office Equipment
11 Audio Visual Equipment
12 Computer and Peripherals
13 Furniture Fixture and Fittings
14 Vehicles
15 Library Books & Scientific
Journals
27
16 Small Value Assets
Total (A)
17 Capital Work in Progress
Total (B)


Schedule-5
INVESTMENTS FROM EARMARKEDENDOWMENT FUNDS
Amount in Rupees
31.03.2020 31.03.2019
(Rs) (Rs)
1 In Central Government Securities - -
2 In State Government Securities - -
4 Other Approved Securities - -
3 Shares - -
4 Debenture and Bonds - -
5 Term Deposit with Banks 1,66,54,780 1,58,34,732
6 Others (to be Specify) - -
Total (A+B+C+D) 1,66,54,780 1,58,34,732
Schedule-5A
INVESTMENTS FROM EARMARKED
ENDOWMENT FUNDS (FUND WISE)
1 SU Research Fund 1,56,40,980 1,43,40,980
2 ICAI-Endowment Fund 1,71,800 1,68,752
3 Prof. Sameera Maiti Distinguish Lecture 5,00,000 5,00,000
4 Prof. Sameera Maiti Gold Medal 50,000 50,000
5 Sita Ramjindal Foundation - 7,75,000
6 LUCA PACIOLI-Endowment Fund 2,92,000 -
7 ALUMNI fund - -
Total 1,66,54,780 1,58,34,732
Schedule-6
INVESTMENTS-OTHERS
1 In Central Government Securities - -
2 In State Government Securities - -
4 Other Approved Securities - -
3 Shares - -
4 Debenture and Bonds - -
5 Term Deposit with Banks 94,58,14,785 1,04,62,05,088
6 Others (On LC a/c) - 79,00,000
Total 94,58,14,785 1,05,41,05,088

28

Schedule-7
CURRENT ASSETS
Amount in Rupees
31.03.2020 31.03.2019
(Rs) (Rs)
1 Stock
a) Stores and Spares - -
b) Loose Tools - -
c) Publications - -
Laboratory Chemicals, Comumables and
d) 70,16,185 74,00,960
glassware
e) Building Materials - -
f) Electrical Material - -
g) Stationery 61,28,156 44,81,682
h) Water supply Material - -
2 Sundry Debtors
a) Debts outstanding for a period of six months 1,38,08,109 1,12,34,844
b) Others (against project payment) 3,33,780 20,38,679
3 Cash and Bank Balances

a) With Scheduled Banks
- In current account - -
- In term deposit account - -
- In savings account (Appendix A)
25,23,85,182 23,08,54,024
- Grant in Transit - -
b) With Non-Scheduled Banks

- In term deposit account - -
- In savings account - -
c) Cash in hand 9,955 -
4 Post Office Savings Account - -
Total 27,96,81,367 25,60,10,189

29

Annexure-A
Amount in Rupees
31.03.2020 31.03.2019
(Rs) (Rs)
I) Saving Account
1 Grants from UGC A/c 17,34,45,867 19,08,70,852

2 University receipts A/c 13,61,588 4,00,180
3 Scholarship A/c
4 Academic Fee Receipt A/c 2,65,51,846 25,34,204
5 Development (Plan) A/c
6 Combined Entrance Exams (CBT) A/c
7 UGC Plan fellowship A/c
8 Corpus Fund A/c (EMF)
9 Sponsored Projects Fund A/c 4,90,77,622 3,36,05,982
10 Sponsored Fellowship A/c 10,89,436
11 Endowment & Chair A/c (EMF)
12 UGC JRF Fellowship A/c (EMF)
13 HBA Fund A/c (EMF)
14 Conveyance A/c (EMF)
15 UGC Rajiv Gandhi National Fellowship A/C (EMF)
16 Academic Development Fund A/c (EMF)
17 Deposit A/c (Designated fund for SURAF) 8,58,823 34,42,806
18 Student Fund A/c
19 Student Aid Fund A/c
20 Plan Grants for specific schemes
II) Current Account - -
III) Term Deposit with Schedule Banks 94,58,14,785 1,05,41,05,088
1,19,81,99,967 1,28,49,59,112

30

Schedule-8
LOANS, ADVANCES AND DEPOSITS Amount in Rupees
31.03.2020 31.03.2019
(Rs) (Rs)
1 Advances to Employees (Non Interest Bearing)
a) Salary
b) Festival -23,391 1,13,859
c) Medical Advance
d) Others (Specify)
d.1) Computer Advance 89,420 1,49,510
d.2) LTC Advance 35,12,424 29,47,456
d.3) Imprest Advance 8,87,835 5,44,000
2 Long Term Advances to Employees (Interest Bearing)
a) Vehicle Loan - -
b) Home Loan - -
c) Others (Specify) - -
3 Advances and other amounts recoverable in cash or
In kind or for vale to be received
a) On Capital Account - -
b) To Suppliers (NCC Ltd Secured advance) 73,39,444 75,10,800
c) ICSSR Seminar (Praveen Mishra) 20,000 20,000
d) SU Research Fund - 1,00,000
e) CRH 50,000 50,000
f) WBWM Ltd. Haldia 50,000 -
g) Loan to NPS a/c 18,76,148
h) Loan to Project a/c 33,780
i) Loan to Online Trns. a/c 20,000 20,000
4 Prepaid Expenses
a) Insurance - -
b) Other Expenses ( Subscription) - -
5 Deposits
a) Telephone - -
b) Lease Rent - -
c) Electricity - -
d) AICTE, if applicable - -
f) Others (Specify) LC margin money - -
f.1) Security Deposits - -
6 Income Accrued
a) On investments from Earmarked/ Endowment fund 9,25,939 2,81,882
b) On Investments-Others 5,30,22,582 2,39,29,676
c) On Loans and Advances
d) Others (Includes income due unrealized)
7 Other-Current assets receivable from UGC

/sponsored projects
a) Debit balances in sponsored Projects 4,89,500 4,89,500
b) Debit balances in sponsored Fellowship and Scholarship 8,63,329 8,59,329
c) Grants receivable 15,54,86,000 18,88,78,000
d) Other receivable from UGC FRP (Salary) 23,85,027 13,16,315
e) Receivable others 21,470
f) ICSSR-NERC (Dr. A. Verma) 5,000
g) Receivable from RGNIYD (Prof. Yasin) 89,000
h) Loan to Project a/c
8 Claims Receivables
Total 22,52,12,109 22,91,41,725

31
SCHEDULES FORMING PART OF INCOME AND EXPENDITURE ACCOUNT

Schedule-9
ACADEMIC RECEIPTS
Amount in Rupees
31.03.2020 31.03.2019
(Rs) (Rs)
Fees From Students
A) Academics
1 Tution Fee 55,33,260 37,47,714
2 Admission Fee 8,82,000 4,89,205
3 Enrolment Fee - -
4 Library Admission Fee & late fee 5,50,480 5,04,610
5 Laboratory Fee - -
6 Art & Craft Fee - -
7 Registration Fee 11,000 1,35,040
8 Alumni Fee - 90,900
Total (A) 69,76,740 49,67,469
B) Examination
1 Admission Test Fee -
2 Annual Examination Fee (University deptts.) 24,79,040 1,15,24,856
3 Annual Examination Fee (Colleges) 52,77,167 -
4 Improvement Examination/Revaluation 12,77,500 -
5 Marksheet, Degree Certificate Fee 24,98,816 9,20,510
6 Entrance Examination Fee - -
Total (B) 1,15,32,523 1,24,45,366
C) Other Fees
1 Identity Card Fee 1,11,404 1,01,490
2 Fines/ Miscellaneous fees 6,03,579 76,149
3 Medical Fee 3,30,960 2,99,970
5 Hostel Fee 1,39,960 1,40,662
6 Affiliation Fees 7,47,495 2,37,990
8 Convocation fee 9,42,284 -
Total (C) 28,75,682 8,56,261

D Sale of Publication
1 Sale of Admission Form - -
2 Sale of syllabous, Question paper,etc - -
3 Sale of prospectus including admission form 33,77,500 32,56,099
4 Certificate fees -Colleges 4,79,064 -
5 Migration Certificate fee 3,05,400 87,700
Total (D) 41,61,964 33,43,799

E Other Academic Receipts
1 Registration for workshop, programmes 9,72,910 1,19,761
2 Registration fee-Colleges 8,53,700 9,42,800
Total (E) 18,26,610 10,62,561
- -
Total (A to E) 2,73,73,519 2,26,75,456

32
Schedule-10
GRANTS/ SUBSIDIES (IRRECOVERABLE GRANT RECEIVED)
Amount in Rupees
PLAN Total Non Plan Current Year Previous Year
Particulars Govt. of UGC Plan UGC 31.03.2020 31.03.2019
India Plan Specific Schemes (Rs) (Rs)
Balance B/f from previous year 80,18,00,872 80,18,00,872 80,18,00,872 90,73,89,824

Add: Receipts during the year 65,36,49,000 - 65,36,49,000 - 65,36,49,000 69,81,07,000
Add: Receipts under EWS 1,22,00,000 1,22,00,000 1,22,00,000
Total - 1,46,76,49,872 1,46,76,49,872 - 1,46,76,49,872 1,60,54,96,824
Less: Refund to UGC - - - - - - -

Less:Utilized for Capital
Expenditure (A) 37,16,81,474 37,16,81,474 37,16,81,474 27,30,06,189
-
Balance - 37,16,81,474 - 37,16,81,474 - 37,16,81,474 27,30,06,189
Less: Utilized for Revenue
33
Expenditure (B) 60,93,84,974 - 60,93,84,974 - 60,93,84,974 53,06,89,763
Less: Exp. against EWS Scheme - - -
Balance C/f to next year - 48,65,83,424 - 48,65,83,424 - 48,65,83,424 80,18,00,872


Schedule-11
INCOME FROM INVESTMENTS Amount in Rupees
Earmarked/Endowment Other Investments

Fund
Current Previous Current Previous
Particulars
Year Year Year Year
31.03.2020 31.03.2019 31.03.2020 31.03.2019
(Rs) (Rs) (Rs) (Rs)
1. Interest
a) Government Securities -
- - -
b) Other Bonds / Debentures -
- - -
2. Interest on Term Deposits -
- 4,15,98,668 2,99,53,262
3.Income accrued but not due on -
- 2,90,92,906 2,39,29,676
Term Deposits/ interest bearing
advance to employees
4.Interest on Savings Bank Accounts -
- - -
5. Others -
- -
5.a) SU Research Fund (Int. on Invst. Received,
Accured and Int on SB) 13,46,532 10,70,742 - -
5.b) Endowment Fund
1,09,701 97,263 - -
14,56,233 11,68,005 7,06,91,574 5,38,82,938
Transferred to Earmarked
14,56,233 11,68,005 62,57,512 3,23,263
/ Endowment Fund/ Refund of Int.
on Investment to UGC
Balance - - 6,44,34,062 5,35,59,675
Schedule-12
INTEREST EARNED Amount in Rupees
Particulars Current Year Previous Year
31.03.2020 31.03.2019
(Rs) (Rs)
1. On Savings Account with schedule bank 32,13,253 27,76,550
2. On Loans
a) Employees / Staff - -
b) Others - -
3.Other Debtors and Other Receivables - -
Balance 32,13,253 27,76,550

34

Schedule-13
OTHER INCOME
Amount in Rupees
Particulars 31.03.2020 31.03.2019
(Rs) (Rs)
A Income from Land and Building - -
1 Hostel Room Rent 5,59,282 2,95,125
2 License Fee 60,880 86,544
3 Hire Charges of Auditorium/ playground
/convention centre, Guest house/ Cafeteria rent etc. 8,51,905 12,07,530
4 Electricity Charges recovered - -
5 Water Charges recovered - -
6 Gym membership Fee 50,100 59,490
Total (A) 15,22,167 16,48,689
B Sale of Institute's publications - -
Total (B) - -
C Income from Holding Events
1 Gross receipts from annual function/ sports carnival - -

Less: direct expenditure incurred on the - -
annual function /sports carnival - -
2 Gross receipts from fetes - -

Less: Direct expenditure incurred on the fetes - -
3 Gross receipts for Educational Tour - -

Less: Direct expenditure incurred on the tours - -
4 Others. (Students contribution)
Total (C) - -
D Others
1 Income from Consultancy - -
2 RTI Fees 600 1,230
3 Income from Royalty - 475
4 Sale of application form (Recruitment) 3,99,600 1,27,300
5 Misc. Receipts (Sale of tender form, waster paper, etc) 44,500 1,28,500
6 Profit on sale/ disposal of Assets
a) Owned Assets -
b) Assets received free of cost - -
7 Grants/ Donations from institutions, welfare bodies and - -
International organizations.
8 Others (Specify) - -
8.a) Miscellaneous receipts 1,34,004 38,988
8.b) Auction of Store items 23,318 31,963
8.c) Registration fee for Guest Lecturer 11,800 11,200
8.d) Furniture Rent 15,468
Total (D) 6,29,290 3,39,656

Grand Total (A to D) 21,51,457 19,88,345
35

Schedule-14
PRIOR PERIOD INCOME
Amount in Rupees
Particulars 31.03.2020 31.03.2019
(Rs) (Rs)
1 Academic Receipts - 11,16,462.00
2 Income from Investments - -
3 Interest Earned - -
4 Other Income 5,50,380 3,55,127
Total 5,50,380 14,71,589

36
Schedule-15
STAFF PAYMENTS AND BENEFITS (ESTABLISHMENT EXPENSES)
Amount in Rupees
31.03.2020 31.03.2019
Particulars
(Rs) (Rs)
Plan Non Plan Total Plan Non Plan Total
a) Salaries and Wages 33,44,51,455 33,44,51,455 32,05,40,830 32,05,40,830

b) Allowances and Bonus - - - -
c) Contribution to provident fund - - - -
d) Contribution to other fund (N P S ) 3,52,81,189 3,52,81,189 2,50,24,640 2,50,24,640
e) Staff Welfare Expenses 1,78,000 1,78,000 1,56,000 1,56,000
f) Retirement and terminal benefits 3,55,62,747 3,55,62,747 2,40,98,906 2,40,98,906
g) LTC Facility 13,31,097 13,31,097 16,16,359 16,16,359
h) Medical Facility 64,67,739 64,67,739 35,48,156 35,48,156
i) Children Education Allowance 48,35,113 48,35,113 18,44,963 18,44,963
j) Honoarium 76,000 76,000 70,000 70,000
37
k) Others (TA/DA) 15,60,512 15,60,512 7,68,950 7,68,950
l) Payment to outsourced staff 96,82,078 96,82,078 78,73,036 78,73,036
Total 42,94,25,930 42,94,25,930 38,55,41,840 38,55,41,840

Schedule-15A
EMPLOYEES RETIREMENT AND TERMINAL BENEFITS
Amount in Rupees
Particulars Pension Gratuity Leave Encashment Total
Opening Balance as on 01.04.2019 0 4,72,48,022 5,79,92,952 8,32,17,769

-
Add: Capitilized value of contributions received from other Organizations 0 - - -
Total (A) 4,72,48,022 57992952 83217769
Less: Payments made during the year - 3,18,590 3,18,590
Balance available as on 31.03.2019 0 4,72,48,022 5,76,74,362 8,32,17,769

Provisions required on 31.03.2020 as per actual valuation 0 5,70,73,246 8,34,11,885 10,52,40,974
38
A. Provision to be made in the current year 0 98,25,224 2,57,37,523 3,55,62,747
B Contribution to New Pension Scheme 0 0 -
C Medical reimbursement to retired employees 0 0 - -
D Travel to hometown retirement 0 0 - -
E Deposit Link Insurance payment 0 0 - -

Total (A+B+C+D+E) 0 98,25,224 2,57,37,523 3,55,62,747

Schedule-16
ACADEMIC EXPENSES
Amount in Rupees
Particulars 31.03.2020 31.03.2019
(Rs) (Rs)
a) Laboratoy Expenses 38,99,478 38,99,478 50,53,533 50,53,533

b) Field Work/ Participation in Conferences 17,82,726 17,82,726 15,23,376 15,23,376
c) Expenses on Seminars/ Workshops 23,24,992 23,24,992 26,16,971 26,16,971
d) Payment to visitng faculty 1,88,60,000 1,88,60,000 62,96,500 62,96,500
e) Examination 1,24,68,148 1,24,68,148 62,69,306 62,69,306
f) Student Welfare Expenses 3,85,949 3,85,949 10,49,893 10,49,893
g) Admission Expenses 11,80,354 11,80,354 11,36,223 11,36,223
h) Convocation Expenses 38,62,896 38,62,896 17,464 17,464
i) Contribution to Research Award Fund 10,00,000 10,00,000 -
39
j) Stipned/means-cum merit scholarship 14,22,000 14,22,000 18,36,120 18,36,120
k) Subscription Expenses - 50,000 50,000
l) Student fees refund 33,566 33,566 1,55,257 1,55,257
m) Fellowship Non-NET 1,85,72,191 1,85,72,191 1,43,45,687 1,43,45,687
n) Full/Half Freeship 1,18,674 1,18,674
o) Renewal of Academic Journals 12,79,625 12,79,625 11,53,125 11,53,125
p) Award/Prize & Scholarship 8,40,000 8,40,000
q) Institutional Membership 5,000 5,000
r) Patent Application/Publication charges 72,900 72,900
s) Others (Acad. Exps.including deptt. imprest) 26,14,903 26,14,903 25,54,393 25,54,393
t) Academic Department-Ofiice Expenses 17,58,761 17,58,761
Total 7,24,82,163 - 7,24,82,163 4,40,57,848 4,40,57,848


Schedule-17
ADMINISTRATIVE AND GENERAL EXPENSES Amount in Rupees
Particulars 31.03.2020 31.03.2019
(Rs) (Rs)
A) Infrastructure
a) Electricity and power 46,35,802 46,35,802 40,99,615 40,99,615
b) Water charges 1,79,015 1,79,015 1,07,010 1,07,010
c) Security Service/Insurance 1,50,93,268 1,50,93,268 1,56,42,791 1,56,42,791
d) Rent, rates and taxes (including property tax) 6,32,86,337 6,32,86,337 5,88,79,672 5,88,79,672
B) Communication - -
e) Postage and Telegram 77,677 77,677 1,02,108 1,02,108
f) Telephone , fax and Internet charges 29,54,163 29,54,163 4,63,472 4,63,472
C) Others - -
g) Printing and Stationery (Consumption) 1,98,979 1,98,979 33,84,524 33,84,524
40
h) Travelling and Conveyance Expenses 11,000 11,000 6,040 6,040
i) Hospitality 30,104 30,104 1,93,775 1,93,775
j) Auditors Remuneration - - -
k) Profesional Charges 4,09,071 4,09,071 5,19,736 5,19,736
l) Advertisement and Publicity 2,05,403 2,05,403 1,07,193 1,07,193
m) Magazine & Journal Expenses 1,27,649 1,27,649 1,31,292 1,31,292
n) Others:-
n.1) Meetings 31,95,231 31,95,231 45,12,371 45,12,371
n.2) Office/Administrative Expenses - 14,92,782 14,92,782
n.3) Legal Expenses 5,14,192 5,14,192 3,07,622 3,07,622
n.4) Medical Centre Expenses 11,84,956 11,84,956 6,83,748 6,83,748
n.5) Day care Centre Expenses - -
n.6) Guest House Expenses 86,400 86,400
Total 9,21,89,247 9,21,89,247 9,06,33,751 9,06,33,751

Schedule-18
TRANSPORTATION EXPENSES Amount in Rupees
Particulars 31.03.2020 31.03.2019
(Rs) (Rs)
1 Vehicles (Owned by Institutions) -
a) Running Expenses 13,29,685 13,29,685 12,70,764 12,70,764
b) Repairs and Maintainence 5,22,929 5,22,929 1,77,617 1,77,617
c) Insurance Expenses 1,88,278 1,88,278 30,824 30,824
- -
2 Vehicles taken on rent/ lease - -
a) Rent/lease expenses 30,32,396 30,32,396 20,83,300 20,83,300
b) Running Expenses 15,53,570 15,53,570 10,25,906 10,25,906
3 Vehicle (taxi) hiring expenses - -

- -
41
Total 66,26,858 66,26,858 45,88,411 45,88,411

Schedule-19
REPAIRS AND MAINTAINENCE
Amount in Rupees
Particulars 31.03.2020 31.03.2019
(Rs) (Rs)
a) Buildings 8,84,620 8,84,620 6,48,549 6,48,549
b) Furniture and Fixtures 0 0 4,60,751 4,60,751
c) Plant and Machinery 1,31,970 1,31,970 2,75,009 2,75,009
d) Office Equipments 19,04,869 19,04,869 22,32,768 22,32,768
e) Computers 5,73,470 5,73,470 8,32,491 8,32,491
f) Laboratory and Scientific Equipments 35,15,734 35,15,734 10,57,463 10,57,463
g) Audio visual equipments - - - -
h) Cleaning materials and services 1,67,295 1,67,295 1,69,936 1,69,936
i) Book binding charges - - - -

j) Website - - 1,12,228 1,12,228
42
k) Estate Maintainence - - - -
l) Others (Electrical Appliances) 1,66,282 1,66,282 25,546 25,546
Total 73,44,240 73,44,240 58,14,741 58,14,741


Schedule-20
FINANCE COSTS
Amount in Rupees
Particulars 31-03-20 31-03-19
(Rs) (Rs)
a) Bank Charges 244112.48 2,44,112.48 24443.00 24,443.00

b) Others (specify) - - -
Total 2,44,112.48 2,44,112.48 24,443.00 24,443.00

Schedule-21
OTHER EXPENSES
Amount in Rupees
Particulars CURRENT YEAR PREVIOUS YEAR
a) Provision for Bad and Doubtful Debts/Adv.

b) Irrecoverable balances written off.
c) Grants/Subsidies to other institutions
organisations
d) Others (specify)
Total

Schedule-22
PRIOR PERIOD EXPENSES
Amount in Rupees
Particulars 31.03.2020 31.03.2019
(Rs) (Rs)
1 Establishment Expenses 10,72,424 10,72,424 -
2 Academic Expenses - -
3 Administrative Expenses - - -
4 Transportation Expenses - - -
5 Repairs and Maintainence - - -
6 Other Expenses - 14,558 14,558
Total 10,72,424 10,72,424 14,558 14,558

43
NPS TIER-I ACCOUNT
RECEIPTS AND PAYMENTS ACCOUNT FOR THE FINANCIAL YEAR 2019-20
Amount in Rupees
Receipts Amount Payments Amount
1.Opening Balance as on 01.04.2019 27,16,568 1.Investments -

2.NPS Tier-I Account 2.Withdrawal/Remittance 5,45,96,767
a.Own Subscription 2,53,87,870 3. Bank Charges 236
b.University Contribution 2,72,73,642
3.Interest received on Investment

a.Interest on saving bank a/c 1,23,978
4.Investment Encashed - 3.Closing Balance as on 31.03.20 9,05,055
44
TOTAL 5,55,02,058 TOTAL 5,55,02,058

NPS TIER-I ACCOUNT
BALANCE SHEET AS AT MARCH 31,2020
Amount in Rupees
Amount as on Amount as on Amount as on Amount as on
Liabilities Assets
31.03.2019 31.03.2020 31.03.2019 31.03.2020
NPS Tier-I Account
1,31,50,850 Opening Balance 27,16,568 NPS Tier-I Account
Subscription and Contribution due

- Less:Sub for 3/2018 - - -
for 03.2018
- Investment -
4,90,40,306 Add:Sub+U Contribution 5,26,61,512
- Interest Accured but not due -
- Add:Interest Credited -
(5,95,70,396) Less:Transferred to NSDL (5,45,96,767)
- Add:Sub+UC for 3/2019 -
45
95,808 Excess of Income and Expenditure 1,23,742 1,31,50,850 Balance at Bank 27,16,568
27,16,568 TOTAL 9,05,055 1,31,50,850 TOTAL 27,16,568


NPS TIER-I ACCOUNT
INCOME AND EXPENDITURE ACCOUNT FOR THE FINANCIAL YEAR 2019-20
Amount in Rupees
Amount 2018-19 Expenditure Amount 2019-20 Amount 2018-19 Income Amount 2019-20
- Interest Credited to Subscribers' Accounts - - Interest Earned on Investment -
- Bank Charges 236 95,808 Interest earned on savings account 1,23,978
- Less:Interest Accrued 31.03.2019 -
95,808 Excess of Income over Expenditure 1,23,742 - Interest Accrued but not due -
95,808 TOTAL 1,23,978 95,808 TOTAL 1,23,978

46
SCHEDULES FORMING PART OF FINANCIAL STATEMENTS

SCHEDULE 23
SIGNIFICANT ACCOUNTING POLICIES
1. The accounts are prepared under Historical Cost Convention unless otherwise stated and
generally on the accrual method of accounting.
2. REVENUE RECOGNITION
2.1 Fees from students, sales of admission forms, royalty and interest on savings bank account are
accounted for on cash basis. Tuition fees collected separately for each semester is accounted for
on cash basis.
2.2 Interest on interest bearing advances to staff for House Building, Purchase of vehicles and
computers is accounted on accrual basis every year, though the actual recovery of interest
starts after the full repayment of principle.
3. FIXED ASSETS AND DEPRECIATION.
3.1 Fixed assets are stated at cost of acquisition including inward freight, duties and taxes and
incidental and direct expenses related to acquisition, installation and commissioning.
3.2 Gifts / donated assets are valued at the declared value where available; if not available, the
value is estimated based on the present market value adjusted with reference to the physical
condition of the assets. They are set up by credit to Capital Fund and merged with the Fixed
Asset on the University. Depreciation is charged as rates applicable to the respective assets.
3.3 Fixed Assets are valued at cost less accumulated depreciation. Depreciation on fixed assets is
provided on Straight line method at the following rates:-
Sl. No TANGIBLE ASSETS RATE
1 Land 0%
2 Site Development 0%
3 Buildings 2%
4 Roads and Bridges 2%
5 Tube wells and Water supply 2%
6 Sewerage and Drainage 2%
7 Electrical Installation and Equip. 5%
8 Plant and Machinery 5%
9 Scientific and Laboratory Equip. 8%
10 Office Equipment 7.5%
11 Audio Visual Equipment 7.5%
12 Computer and Peripherals 20%
13 Furniture Fixture and Fittings 7.5%
14 Sports Equipments 10%
15 Library Books & Scientific Journals 10%
47
Sl. No INTANGIBLE ASSETS (AMORTIZATION) RATE

1 E. Journals 40%
2 Computer Software 40%
3 Patents 9 years
3.4 Depreciation is provided for the whole year on additions during the year.
3.5 Depreciation during the year is calculated on the opening gross block at the prevailing rate of
depreciation upto the available net block of Asset.Where an asset is fully depreciated, it will be
carried at a residual value of Re 1 in the Balance Sheet and will not be further depreciated.
Thereafter depreciation is calculated on the additions of each year separately at the rate of
depreciation applicable for the asset head.
3.6 Assets created out of Earmarked fund and funds Sponsored Projects, where the ownership of
such assets vests in the Universities are setup by credit to Capital Fund and merged with Fixed
Assets of the University's. Depreciation is charged at the rates applicable to the respective
rates. Assets created out of sponsored project funds where the ownership is retained by the
sponsors but held and used by the University are separately disclosed in the Notes on
Accounts.
3.7 Assets, the individual value of each of which is Rs 2,000.00 or less (except Library Books)
are treated as Small Value Assets, 100% depreciation is provided in respect of such assets at
the time of their acquisition. However physical accounting and control are continued by the
holders of such assets.
3.8 The Physical verification of assets for the F.Y 2019-20is complete and the report has been
accepted by the University.
4. INTANGIBLE ASSETS:-
4.1 Patents and copy rights, E Journals and Computer Software are grouped under Intangible
Assets.
4.2 Electronic Journals (E-Journals) are separated from Library Books in view of the limited benefit
that could be derived from the provided. E-journals are not in a tangible form, but temporarily
capitalized and in view of the magnitude of expenditure and the benefit derived in terms of
perpetual knowledge acquired by the Academic and Research Staff; Depreciation is provided
in respect of E-journals at a higher rate of 40% as against depreciation of 10% provided in
respect of Library Books.
4.3 Expenditure on acquisition of software has been separated from computers and peripherals, as
apart from being intangible of obsolescence in respect of these is very high. Depreciation is
provided in respect of software at a higher rate of 40% as against depreciation of 20% provided
in respect of Computers & Peripherals.
5. STOCKS:
The closing stock as on 31st March 2020 of stores/stationeries and laboratory chemicals is as per
48
the physical verification carried out by the Departments and has been valued at cost.
6. RETIREMENT BENEFITS
National Pension System (NPS) which is a government-sponsored pension schemelaunched

in January 2004 for government employeeshas been adopted by the University whereby 10
percentage ofbasic and DA of salary is deducted from the employee and 14 percentageis being
contributed by the Universityw.e.f. 1/4/2019. A provision is created every year on account of
Gratuity liability and Leave Encashment liability based on valuation being done by M/S-
Retban Actuarial Services.
7. EARMARKED/ENDOWMENT FUNDS
Funds received for specific purposes have been kept as Earmarked funds. The Receipt and
Expenditure are accounted for on cash basis. The unspent balance is kept in the bank account.
7.1 CORPUS/ CAPITAL FUND
A Capital Fund is maintained by the University. The fund is made up of the value of grants
utilized for the purpose of fixed assets during the year and the excess of income over
expenditure as on 31st March 2020.
The balance in the fund which is carried forward is represented by the balance in a separate
Bank account, and Fixed Deposits with the Bank and Accrued interest on Fixed Deposits.
8. ENDOWMENT FUNDS
Funds received for specific purposes have been kept as Earmarked funds. The Receipt and
Expenditure are accounted for on cash basis. The unspent balance of the fund is reflected by the
balance in bank account.
9. GOVERNMENT AND UGC GRANTS
9.1 Government/UGCGrants are accounted on realization basis. Wherever a sanction letter for
release of grant is received before 31stMarch and the grant is actually received in next financial
year, the grant is accounted on accrual basis and an equal amount is shown as recoverable from
the Government.
9.2 To the extent utilized towards capital expenditure, (on accrual basis) government grants and
grants from UGC are transferred to the Capital Fund.
9.3 Government and UGC grants for meeting Revenue Expenditure (on accrual basis) are treated,
to the extent utilized, as income of the year in which they are realized. Unutilized grants
(including advances paid out of such grants) are carried forward and exhibited as liability in
the Balance Sheet.
10. INVESTMENTS OF EARMARKED FUNDS AND INTEREST INCOME ACCRUED
To the extent not immediately required for expenditure, the amounts available againstsuch
funds are deposited for fixed term with Banks, leaving the balance in the Savings Bank
Accounts.
49
The amount of Interest received from term deposit as well as the Interest accrued but not
received is treated as Interest Income for this Financial Year
11. SPONSORED PROJECTS
11.1 In respect of ongoing Sponsored Projects, the amounts received are credited to the head
“Current Liabilities and Provisions -Current Liabilities -Other Liabilities -Receipts
againstongoing sponsored projects”. As and when expenditure is incurred /advances are paid
against such projects, the respective project account is debited.Allocated overhead charges
when paid are also debited from the respective project head.
11.2 Fellowships and Scholarships funded by University Grants Commissionand other funding
bodies are also accounted in the same way asSponsored Projects. The paymentswhich
generally are disbursementof Fellowship and Scholarships are debited from the respective
Fellowship/Scholarship head.
11.3 In cases where University itself awards the Fellowships/ Scholarships, payments are
accounted as Academic expenses.
12. INCOME TAX
The income of the University is exempt from Income Tax under Section 10(23c) (iiiab) of tax is
therefore made in the accounts.
50
SCHEDULES FORMING PART OF FINANCIAL STATEMENTS

SCHEDULE: 24
NOTES TO ACCOUNTS
1. Sikkim University' was establishedthrough passing an Act in the Parliament of India titled
“The Sikkim University Act 2006” having its headquarters at Gangtok, Sikkim.
The Financial Statements has been prepared based on the 'format of financial statements for
Central HigherEducational Institutions' as has been provided by the Ministry of Human
Resource Development Department, Government of India 2015.
2. TAXATION:
The University is exempt from payment of income tax as per the provision of Section
10(23C)(iiiab) of the Income Tax Act, 1961.
3. FIXED ASSETS:
Fixed assets are stated at cost of acquisition including inward freight, duties and taxes and
incidental and direct expenses related to acquisition, installation and commissioning.
Govt. of Sikkim has handed over a plot of land measuring 265.94 acres out of 300 acres and
University has taken possession of it. The handing over of remaining 34.06 acres of land is in
progress and expected soon. Total amount paid by the University to Government of Sikkim for
Campus Land is Rs. 15.00 crores.
4. DEPRECIATION:
4.1 Depreciation on fixed assets is provided on Straight line method at the following rates:-
Sl. No TANGIBLE ASSETS RATE
1 Land 0%
2 Site Development 0%
3 Buildings 2%
4 Roads and Bridges 2%
5 Tube wells and Water supply 2%
6 Sewerage and Drainage 2%
7 Electrical Installation and Equip. 5%
8 Plant and Machinery 5%
9 Scientific and Laboratory Equip. 8%
10 Office Equipment 7.5%
11 Audio Visual Equipment 7.5%
12 Computer and Peripherals 20%
13 Furniture Fixture and Fittings 7.5%
14 Sports Equipments 10%
15 Library Books & Scientific Journals 10%
51
Sl. No INTANGIBLE ASSETS (AMORTIZATION) RATE

1 E. Journals 40%
2 Computer Software 40%
3 Patents 9 years
4.2 Depreciation is provided for the whole year on additions during the year.
4.3 Assets, the individual value of each of which is Rs 2,000.00 or less (except Library Books) are
treated as Small Value Assets, 100% depreciation is provided in respect of such assets at the
time of their acquisition.
4.4 Computer software and E-Journals have been fully depreciated; hence, it has been carried
forward at a residual value of Re 1 in the Balance Sheet and will not be further depreciated.
Depreciation on these assets will henceforth be calculated on the additions of each year
separately at the rate of depreciation applicable for these assets head.
5. CAPITAL COMMITMENT:
Estimated amount of contracts remaining to be executed on capital account and not provided
for is Rs 18.00Crores which stood at Rs.55.00 crores in previous year.
6. PROJECT ACCOUNTS:
The project accounts have been shown in the schedules to the Financial Statements and the
balance as on 31st March 2020 of each project is taken into consideration under current
liabilities.Debit balances on Project Account and Sponsored Fellowship and Scholarship
have been shown as receivables under Current Assets in the Balance Sheet.
University is in possession of Assets worth Rs. 19,16,776 of 3 projects completed during the
year 2019-20. Title of ownership of these equipments is still with the sponsors. Details of the
capital expenditure made said 3 completed projects as on 31.3.2020 is as under.
Capital Expenditure
Sl. Name of the Project
(in Rs.)
1 Ethno-Microbiology of some ......independent methods 10,16,680
2 UGC-BST Start-up Grants 1,07,760
3 Diversity in Fungi 7,92,336
Total 19,16,776
Further, Sikkim University signed a collaborative agreement with the Department Food Security and
Agriculture Development, Government of Sikkim and received the following equipments with the
estimated market price reflected as under during 2019-20.
52
Approximate cost as per

Sl. No. Name Quantity the current market rate
(Rs.)
1. ICP (Plasma 1000) 1 2920065.00
2 pH meter 1 23458.00
3 Compound Microscope 1 211654.00
4 BOD incubator 1 135824.00
5 Hot air oven 1 55290.00
6 Autoclave 1 87106.00
7 Moisture analyzer 1 247.065.00
8 Auto Nitrogen analyzer 1 819650.00
9 Laminar air flow chamber 1 92902.00
10 Vacuum pump 1 28232.00
11 Refrigerator 1 53350.00
12 Centrifuge 1 148129.00
13 Rotary shaker 1 52841.00
14 AC 1 57230.00
15 Computer (Dell) 1 46560.00
Sub-Total 5881361.00
Tax 902007.00
Total 6783368.00
1. CURRENT ASSETS, LOANS, ADVANCES AND DEPOSITS:
7.1 In the opinion of the Management, the current assets, Loans, Advances and Deposits have a
value on realisation in the ordinary course, equal at least to the aggregate amount is shown in
the Balance Sheet.
7.2 Physical verification of stores/stationary and Laboratory consumables have been carried out
by respective Department as on 31st March 2020 and has been accounted for as closing stock.
7.3.1 Schedules I to 24 are annexed to and forms an integral part of the Balance Sheet as at
31stMarch2020 and the Income and Expenditure account for the year ended on that date.
7.3.2 Fixed Deposit balance of Rs.1,73,033/-which was also shown as Savings bank account balance
has been corrected by debiting the Corpus/Capital account.
7.3.3 Difference in opening balances of cash book and pass book of Rs. 1,89,625/- (Indian Bank),
Rs. 1,19,750/- (Axis Bank-Acad. Receipts) and Rs. 71,146/- (Vijaya Bank) has been treated as
prior period income during the year under report.
8 RE-GROUPING:
Previous years' figures have been re-grouped and re-arranged wherever necessary.
5. OTHERS:
rd
9.1 University started implementation of Public Financial Management System (PFMS) from 3
October' 2018 onward.
9.2 All payments made to Architect and Project Management Consultant for construction of new
campus are included in Campus Development/Capital Work – In – Progress.
53
9.3 Excess provisions made during the previous years of Rs. 1,53,66,839/- has been credited back
to Corpus/ Capital A/c.
9.4 Based on the instructions received from the University Grants Commission the following
provisions have been created in the Balance Sheet for refund of interest earned from the grants
received from UGC.
a) Interest on Savings a/c - Rs. 57,75,174/-

b) Interest on Term Deposits- Rs. 62,57,512/-
9.5 UGC approved the University budget for 2019-20 for Recurring and Salary with the deduction
of 2.00 crores each from the said two heads on account of double HRA & Rental Subsidy
payment as under.
Total estimated Recurring expenditure for 2019-20 : Rs. 1500 lacs

Total estimated Salary expenditure for 2019-20 : Rs. 3100 lacs
Total : Rs. 4600 lacs
Less: Opening balance as on 1.4.2019 (Rec + Salary) : Rs. 829.45 lacs
Total : Rs. 3771.55 lacs
Less: Deduction on account of HRA+Rental Subsidy : Rs. 400 lacs
Net Total of estimated expenditure for 2019-20 : Rs. 3371.55 lacs
54

Annual Report Sikkim University

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ANNUAL ACCOUNTS okf"kZd ys[kk 2019-20

It is my pleasure to submit the Annual Accounts of Sikkim University for the

Gangtok Professor Avinash Khare

Corpus/ Capital Fund 1 1,86,45,11,232 1,44,89,06,964

Designated/ Earmarked/ Endowment Fund 2 4,24,42,750 4,34,06,854

Current Liabilities & Provisions 3 92,16,33,902 1,13,75,40,434

Total 2,82,85,87,884 2,62,98,54,252

Investments from Earmarked

Investments-Others 6 94,58,14,785 1,05,41,05,088

Current Assets 7 27,96,81,367 25,60,10,189

Loans, Advances and Deposits 8 22,52,12,109 22,91,41,725

Significant Accounting Policies 23

(CB Chhetri) (Debasish Pal) (Avinash Khare)

INCOME AND EXPENDITURE ACCOUNT

Academic Receipts 9 2,73,73,519 2,26,75,456

Total (A) 70,71,07,644 61,31,61,378

Staff Payments and Benefits

Total (B) 67,83,78,656 59,65,48,506

Balance being excess of Income

Balance being surplus/deficit carried over to

Significant Accounting Policies 23

(CB Chhetri) (Debasish Pal) (Avinash Khare)

1. Opening Balance 1. Expenses:

Grants for Recurring

(CB Chhetri) (Debasish Pal)

7. Income on Investments from 8. Expenditure on Fixed Assets and

14. Caution Money Deposit 6,08,432 -

15. Any other Receipts 11,71,316 -

Total 2,35,20,33,434 3,15,98,30,675 2,35,20,33,434 3,15,98,30,675

(CB Chhetri) (Debasish Pal)

SCHEDULES FORMING PART OF BALANCE SHEET

Balance at the begining of the year 1,44,89,06,963 1,15,92,87,902

(CB Chhetri) (Debasish Pal)

(CB Chhetri) (Debasish Pal)

(CB Chhetri) (Debasish Pal)

SCHEDULES FORMING PART OF BALANCE SHEET

Total (A+B) 92,16,33,902 1,13,75,40,434

(CB Chhetri) (Debasish Pal)

(CB Chhetri) (Debasish Pal)

Balance C/f to next page.. 2,31,03,462 - 7,45,61,566 9,76,65,028 2,27,02,411 7,49,62,617 -

(CB Chhetri) (Debasish Pal)

c.4 ASEAN (Nidhi Saxena) 1,35,666 - 1,35,666 93,289 42,377

Total 3,09,83,793 - 7,51,57,155 10,61,40,948 2,82,98,405 7,78,42,543 -

(CB Chhetri) (Debasish Pal)

(CB Chhetri) (Debasish Pal)

g.14 Projects (UID) - 66,40,907 66,40,907 14,11,147 52,29,760

(CB Chhetri) (Debasish Pal)

(CB Chhetri) (Debasish Pal)

SCHEDULES FORMING PART OF BALANCE SHEET

A Plan Grants: Government of India

Add: Receipts during the year - -

Unutilized Carried ForwardTotal (A) - -

B UGC Grant: Plan

Unutilized Carried ForwardTotal (B) 48,65,83,424 80,18,00,872

C UGC Grant: Non Plan

Unutilized Carried ForwardTotal (C)

D Grants from State Govt.

Total (A+B+C+D) 48,65,83,424 80,18,00,872

(CB Chhetri) (Debasish Pal)