EXPLANATIONS
 

1. Date of Reference-Financial data reported is for the year ending on 31st March, 1990

2. Income and Expenditure-Relates to financial year i.e. to the period 1st April, 1989 to 31st March, 1990

3. Income means-the receipt of the institutions

4. Recurring Income-is that which is received every year from sources.

5. Non Recurring Income-is that of the income which is other than the recurring income

6. Expenditure - All payments made by an institution strictly during the financial year constitute its expenditure.

7. Recurring Expenditure-is that which is incurred every year for running an educational institution. Broadly speaking, it includes expenditure on salaries of staff, contingencies, recurring expenditure on equipment, maintenance of furniture, Scholarships, stipends and other financial concessions, hostel charges (except messing) games and sports, direction, inspection etc.

8. Non Recurring Expenditure- is that part of the educational expenditure which is other than the recurring expenditure. Broadly speaking, it covers expenditure on buildings (other than maintenance), equipments, libraries etc.

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