The Goa Board of Secondary and Higher Secondary Education (GBSHSE) has stated that its “contingency fund-related fixed deposits have not been touched,” and only money from its recurring fixed deposits has been used, with no misappropriation of funds taking place.
Goa Board secretary Bhagirath Shetye told this daily that the auditor’s report as regards the accounts of the Goa Board had also not pointed at any misappropriation of funds. “The report had only noted that the Goa Board should find out if its fixed deposits had been touched and if so, for what reason,” he maintained, stating that he, as a secretary of Goa Board, was entrusted with the task of finding out the related details.
It may be recalled that earlier during the year, the general body meeting of the Goa Board, while discussing the auditor’s report, had touched upon the matter.
Speaking further, Shetye said that after going through all related records, he found that the receipts of the Goa Board are mainly vide examination fees, recognition fees and money charged for issuance of various certificates, which collectively came to around Rs 5 crores, and is mostly in possession of the Goa Board by August every year.
“The Goa Board then retains only that much amount of money required for its salaries and invests the rest in the fixed deposits,” the Goa Board secretary informed, adding that such fixed deposits are constantly made till the month of February of the subsequent year. “The difference which was visible in the amount, in the auditor’s report, is due to these smaller recurring fixed deposits, and not larger fixed deposits, which are maintained under the contingency fund,” he noted, reiterating that these fixed deposits under the contingency fund are untouched, safe and ever increasing.
“So as you can see, everything is followed as per the rule, and there is no misuse of any Goa Board funds,” Shetye concluded, stating that someone has misinterpreted the accounts and created the misunderstanding.
Source:: The Navhind Times