Office e-Financial Project:

NDMC decided to computerize its Accounting System by customization of a software module known as e-Financial module for recording all financial transactions online and generation of various MIS reports on real time basis. Three sections i.e. Work/Procurement Master Screen, Journal Vouchers and Inter Unit Transfers have been developed so far.

 

Investment of Surplus Funds:

The surplus funds of NDMC are being invested/deposited in empanelled banks in accordance with the policy approved by the Council.

 

General Provident Fund:

Payments of Provident Fund account of NDMC employees are paid through cheques to retiring employees on the date of their superannuation. Annual statement of accounts is prepared and distributed in June / July every year.

 

Pension:

Disbursement of pensions done through ECS (Electronic Clearance Service).

The actuarial assessment of pensionary liabilities was done for the first time.

 

Salaries to Employees:

Central Billing Section was constituted to make the disbursement of salary less cumbersome. CBS prepares and passes the salary bills of NDMC employees.

 

 

Road Ahead :

The Accounts and Finance Department is working towards complete digitization and computerization of the accounts and records of NDMC. Focus is on improving processes, payment procedures and reduce time taken to complete tasks.