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Compilation of stores budget

workshops and sheds. stores. HQ. RLY BD. Compilation of stores budget. STORES BUDGET The stores budget of the next year is prepared in the month of December of the previous year. It contains information on: Actuals of the past year. B.G. of the current year. R.E. of the current year.

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Compilation of stores budget

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  1. workshops and sheds stores HQ RLY BD Compilation of stores budget

  2. STORES BUDGET • The stores budget of the next year is prepared in the month of December of the previous year. • It contains information on: • Actuals of the past year. • B.G. of the current year. • R.E. of the current year. • B.E. of the next year.

  3. Budget grant Feb-2002 (2002-2003) August.r 2002 Revised est(2002)& budget est for2003-04 In Nov-2002 Final modification –feb2003 Budget grant-feb26-27th 2003 For 2003-2004 Submitted to rly board In dec-2002.

  4. How to compile the budget? • Who gives the requirement? all the chief executives of user dept in a zonal rly like CSTE,CME,CEE,CE and DCOS. # the projection or the requirement of the concern workshop was calculated and send to controller of stores in HQ. In turn the COS and FA&CAO will tell how much they need per year, the anticipated out turn and the materials required

  5. Opening balance Receipt during the year # purchases receipt from manufacture in to stores Material returned from works other debits Duduction.wms,mnf operations&mac Total dbits during the year Grant total td+ob Issues- to capital manf sus, to works, to mac to revenue to sales and transfer Deduction Total credits during the year Closing balance Grand total Net credit/ debit during the year (OB-CB) Budget allotment(TD_DUT) TOR –OTF, FUEL The format of the stores budget……………………

  6. thank u all....... urs.. n.jaikumar....

  7. Works like maintenance, repairs and operation ….. No detailed estimates but.. Funds for stores . Estimate for stores from stock COS average Last 3 yrs consumption Revenue abstract Pu-27

  8. Sources of info on issues • Capital mnf sus: estimates from the dept entrusted in mnf and repair operations during a year by w/s. Works: called from divisional officers and hod Fabrication units : eastimates directly from it Sales and transfer: spares etc.. Estimates on the value of indents submitted by zonal rlys and supply accepted by that year

  9. CME CEE CSTE REQUIREMENTS DCOS CE User department estimates COS AND FA&CAO(s)

  10. Receipt from manufacture into stores • Cr in mnf sus budget should agree with issues to capital stores sus. • the amount provided in this will be in agreement with stores and mnf dept. • Meterials returned from works is consolidated from the figure of estimates submitted by depts

  11. purchases • Estimated throw forward from previous year • Indents of current year • Estimated throw forward to next year • What is throw forward… value of stores indent certified against the grant and not been paid from that grant

  12. Estimation of the opening balance of the next year • = to the anticipated closing balance of the current year. • Book value of material in stock. • Outstanding balances under PS. • Balances in Stock Adj. Account.

  13. DEDUCT ENTRY • Used when the transactions take place between two subheads of the same demand. • Deduct entry is operated in the head which gets the credit because the debit has to borne by the user. • Deduct entry is operated to prevent double budgeting.

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