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ASSET AND STOCK REGISTER
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ABOUT THE COMMITTEE
<p style="text-align: center;"> </p> <p style="text-align: center;"> </p> <p style="text-align: center;"><span style="font-family: "times new roman", times; font-size: xx-large;"><strong><span style="color: #ff0000;">ASSET AND STOCK REGISTER COMMITTEE</span></strong></span></p> <p style="text-align: center;"><span style="font-family: "times new roman", times;"><strong><span style="font-size: x-large; color: #ff0000;"><br /></span></strong></span></p> <p><span style="font-family: "times new roman", times; font-size: x-large; color: #1de121;"><strong>About the Committee:</strong></span></p> <p><span style="font-size: medium; font-family: "times new roman", times;">An asset register committee in a college typically serves the purpose of overseeing and managing the college's fixed assets. Assets mean physical properties that has values which are owned by the institution. These are to be used by the college in proper manner for the smooth and excellent functioning of the college. Effective and efficient management of college assets will assist to the improvement of academic and administrative activities. Therefore, it is imperative to create an accurate assets records to develop, operate and maintain it, in cost- effective ways.</span></p> <p> </p> <p><span style="color: #ff6600;"><strong><span style="font-size: x-large; font-family: "times new roman", times;">Aims and Objectives:</span></strong></span></p> <p><span style="font-size: medium; font-family: "times new roman", times;">The Asset and Stock Register Committee of a college typically has specific aims and objectives aimed at ensuring proper management, accountability, and utilization of both fixed assets and stock inventory. Here are the key aims and objectives of such a committee:</span></p> <p><span style="font-size: x-large; font-family: "times new roman", times; color: #1de121;"><strong>Aims:</strong></span></p> <ol> <li><span style="font-size: medium; font-family: "times new roman", times;"><strong>Efficient Asset Management</strong>: To establish and maintain efficient systems for the management of fixed assets and stock inventory across the college.</span></li> <li><span style="font-size: medium; font-family: "times new roman", times;"><strong>Financial Accountability</strong>: To ensure accurate recording and valuation of assets and stocks, thereby enhancing financial transparency and accountability.</span></li> <li><span style="font-size: medium; font-family: "times new roman", times;"><strong>Optimal Utilization</strong>: To promote the optimal utilization of assets and stocks to support the college's educational and operational goals.</span></li> <li><span style="font-size: medium; font-family: "times new roman", times;"><strong>Compliance</strong>: To ensure compliance with relevant accounting standards, regulatory requirements, and internal policies related to asset and stock management.</span></li> <li><span style="font-size: medium; font-family: "times new roman", times;"><strong>Risk Management</strong>: To identify and mitigate risks associated with asset and stock management, including risks related to loss, theft, damage, and obsolescence.</span></li> </ol> <p> </p> <p><span style="font-size: x-large; font-family: "times new roman", times; color: #1de121;"><strong>Objectives:</strong></span></p> <ol> <li><span style="font-size: medium; font-family: "times new roman", times;"><strong>Asset Identification and Recording</strong>: </span> <ul> <li><span style="font-size: medium; font-family: "times new roman", times;">To accurately identify and record all fixed assets owned by the college, including land, buildings, equipment, vehicles, furniture, etc.</span></li> <li><span style="font-size: medium; font-family: "times new roman", times;">To maintain detailed records for each asset, including acquisition details, location, condition, depreciation schedule, and any maintenance history.</span></li> </ul> </li> <li><span style="font-size: medium; font-family: "times new roman", times;"><strong>Stock Inventory Management</strong>: </span> <ul> <li><span style="font-size: medium; font-family: "times new roman", times;">To establish and maintain accurate records of stock inventory, including items used for educational purposes, maintenance, and administrative functions.</span></li> <li><span style="font-size: medium; font-family: "times new roman", times;">To implement inventory control measures to prevent stockouts, overstocking, and unauthorized access or use.</span></li> </ul> </li> <li><span style="font-size: medium; font-family: "times new roman", times;"><strong>Asset Valuation and Classification</strong>: </span> <ul> <li><span style="font-size: medium; font-family: "times new roman", times;">To regularly review and update the valuation of fixed assets based on market conditions and depreciation schedules.</span></li> <li><span style="font-size: medium; font-family: "times new roman", times;">To classify assets appropriately according to their nature (e.g., land, buildings, equipment) for accurate financial reporting.</span></li> </ul> </li> <li><span style="font-size: medium; font-family: "times new roman", times;"><strong>Monitoring and Control</strong>: </span> <ul> <li><span style="font-size: medium; font-family: "times new roman", times;">To establish procedures for the monitoring and control of assets and stock inventory throughout their lifecycle.</span></li> <li><span style="font-size: medium; font-family: "times new roman", times;">To conduct regular physical audits and inspections to verify the existence, condition, and proper usage of assets and stock items.</span></li> </ul> </li> <li><span style="font-size: medium; font-family: "times new roman", times;"><strong>Policy Development and Compliance</strong>: </span> <ul> <li><span style="font-size: medium; font-family: "times new roman", times;">To develop and review policies and procedures related to the acquisition, use, maintenance, and disposal of assets and stocks.</span></li> <li><span style="font-size: medium; font-family: "times new roman", times;">To ensure compliance with relevant financial regulations, accounting standards, and internal control requirements.</span></li> </ul> </li> <li><span style="font-size: medium; font-family: "times new roman", times;"><strong>Reporting and Accountability</strong>: </span> <ul> <li><span style="font-size: medium; font-family: "times new roman", times;">To prepare regular reports and updates for senior management or the governing body of the college on the status of assets and stocks.</span></li> <li><span style="font-size: medium; font-family: "times new roman", times;">To provide insights into asset utilization, depreciation expense, stock inventory levels, and any significant changes or issues.</span></li> </ul> </li> <li><span style="font-size: medium; font-family: "times new roman", times;"><strong>Training and Awareness</strong>: </span> <ul> <li><span style="font-size: medium; font-family: "times new roman", times;">To provide training and awareness programs for staff involved in asset and stock management to enhance their understanding of policies, procedures, and best practices.</span></li> <li><span style="font-size: medium; font-family: "times new roman", times;">To promote a culture of responsibility and accountability among staff members regarding the use and safeguarding of college assets and stocks.</span></li> </ul> </li> </ol> <p><span style="font-size: medium; font-family: "times new roman", times;">By achieving these aims and objectives, the Asset and Stock Register Committee plays a crucial role in promoting financial integrity, operational efficiency, and prudent management of resources within the college environment.</span></p> <p> </p> <p><span style="color: #ff6600; font-family: "times new roman", times;"><strong><span style="font-size: xx-large;">Members:</span></strong></span></p> <table border="1" cellspacing="0" cellpadding="0"> <tbody> <tr> <td width="43" valign="top"> <p><span style="font-size: small;"><strong>SL. NO.</strong></span></p> </td> <td width="383" valign="top"> <p><span style="font-size: small;"><strong>NAME OF THE MEMBERS</strong></span></p> </td> <td width="212" valign="top"> <p><span style="font-size: small;"><strong>DESIGNATION</strong></span></p> </td> </tr> <tr> <td width="43" valign="top"> <p><span style="font-size: small;">1.</span></p> </td> <td width="383" valign="top"> <p><span style="font-size: small;">Sri Debashis Naskar</span></p> </td> <td width="212" valign="top"> <p><span style="font-size: small;">Convenor</span></p> </td> </tr> <tr> <td width="43" valign="top"> <p><span style="font-size: small;">2.</span></p> </td> <td width="383" valign="top"> <p><span style="font-size: small;">Dr.Manas Kumar Ghosh</span></p> </td> <td width="212" valign="top"> <p><span style="font-size: small;">Member</span></p> </td> </tr> <tr> <td width="43" valign="top"> <p><span style="font-size: small;">3.</span></p> </td> <td width="383" valign="top"> <p><span style="font-size: small;">Sri Ramjit Kisku</span></p> </td> <td width="212" valign="top"> <p><span style="font-size: small;">Member</span></p> </td> </tr> <tr> <td width="43" valign="top"> <p><span style="font-size: small;">4.</span></p> </td> <td width="383" valign="top"> <p><span style="font-size: small;">Dr. Koushik Dey</span></p> </td> <td width="212" valign="top"> <p><span style="font-size: small;">Member</span></p> </td> </tr> <tr> <td width="43" valign="top"> <p><span style="font-size: small;">5.</span></p> </td> <td width="383" valign="top"> <p><span style="font-size: small;">Sri Swapan Hati</span></p> </td> <td width="212" valign="top"> <p><span style="font-size: small;">Member</span></p> </td> </tr> <tr> <td width="43" valign="top"> <p><span style="font-size: small;">6.</span></p> </td> <td width="383" valign="top"> <p><span style="font-size: small;">Sri Bhajahari Duley</span></p> </td> <td width="212" valign="top"> <p><span style="font-size: small;">Member</span></p> </td> </tr> <tr> <td width="43" valign="top"> <p><span style="font-size: small;">7.</span></p> </td> <td width="383" valign="top"> <p><span style="font-size: small;">Sri Aniruddha Roy</span></p> </td> <td width="212" valign="top"> <p><span style="font-size: small;">Member</span></p> </td> </tr> </tbody> </table> <p> </p> <p><strong style="color: #99cc00; font-family: "times new roman", times; text-align: center;"><span style="font-size: xx-large;">Contact:</span></strong></p> <p><strong style="text-align: center;"><span style="font-size: large;"><span style="color: #99cc00; font-family: "times new roman", times; font-size: x-large;"> </span></span><span style="font-size: large;">Email of the Committee:</span> <span style="font-size: small; color: #3366ff;"><a href="https://mce_host/Web_html/assetregister sc@sbssmahavidyalaya.ac.in">assetregister sc@sbssmahavidyalaya.ac.in</a></span></strong></p> <p> <strong><span style="font-size: large;">Email of the Committee: </span><span style="font-size: small; color: #3366ff;"><a href="mailto:debashisnaskar@sbssmahavidyalaya.ac.in">debashisnaskar@sbssmahavidyalaya.ac.in</a></span></strong></p>
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