The Finance Committee acts as an advisory body to the Governing Body in making major financial decisions of the college. It is the duty of the Finance Committee to ensure that all necessary formalities have been observed in incurring expenses in the college and to check all bills placed for payment. All recommendations of the Purchase Committee are placed before the Finance Committee for its approval. The Finance Committee also considers and approves the periodical budget estimations, fixation/review/revision of fees, audited accounts, remuneration of staff under college recruitment, and any other matter involving financial flows of college funds.