Page 147 - CCRT-Annual-Report-2017-18

This was also reported in the previous year's report but remedial action was not taken by the Management
despite assurance given by it.
B. General :
B.1 General Provident Fund Scheme adopted by CCRT was yet to be approved by the Government of India.
This was pointed out in the previous audit report however, final action is awaited.
B.2 No provision for retirement benefit was made in the annual accounts by CCRT on actuarial valuation which
is in contravention on of AS-15. The disclosure in Notes to Accounts (Schedule-24) is not sufficient.
B.3 During the year an amount of Rs. 31.35 crore was paid to DDA for ownership/change of use of land in the
name of CCRT. The same was capitalized and shown in Schedule-8. However, the approval for the change
of use of land was not received from DDA.
B.4 A contractual employee of CCRT had manipulated the scholarship fund of Rs. 51.50 lakh under Cultural
Talent Scholarship Scheme (CTSS) causing loss to the Exchequer. The amount of scholarship was booked
by CCRT as Expenditure under CTSS. As the amount was yet to be paid to the scholarship awarded
children, liability for the same was needed to be created. However, the current liabilities of Rs. 51.50 lakh
in Schedule-7 were not shown. Further, no disclosure in this regard has been made in Notes on Accounts
for the year 2017-18
C. Grants-in-aid:
The grants-in-aid received and utilization thereof for the year 2017-18 are given below :

(` in lakh)
Particulars
Grants in Aid received during the year 5858.76
Unspent balance of previous year 66.67
Internal receipts during the year 143.02
Total available fund 6068.45
Expenditure during the year 5885.12
Unspent balance 183.33

CCRT had unspent balance of ` 1.83 crore at the end of the financial year.
D. Management Letter
Deficiencies which have not been included in the Audit Report have been brought to the notice of the
Management through a management letter issued separately for remedial/corrective action.
v. Subject to our observations in the preceding paragraphs, we report that the Balance Sheet, Income &
Expenditure Account and Receipts & Payments Account dealt with by this report are in agreement with the
books of accounts.
vi. In our opinion and to the best of our information and according to the explanations given to us, the said
financial statements read together with the Accounting Policy and Notes on Accounts and subject to the
significant matters stated above and other matters mentioned in Annexure to this Audit Report give a true
and fair view in conformity with accounting principles generally accepted in India; and
a. In so far as it relates to the Balance Sheet, of the state of affairs of the CCRT as at 31 March 2018; and
b. In so far as it relates to Income & Expenditure Account of the deficit for the year ended on that date.

For and on behalf of C& AG of India

Sd/-
:
Place New Delhi Addl. Dy. C & AG
Date : 24.10.2018 (Central Expenditure)

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