Policy on Finance

Policy Title – Policy on Finance

Policy Number – 07

Functional Areas – Administration

Effective Date – 08.11.2018

Approving Authority – The Council, University of Sri Jayewardenepura

Administrative Responsibilities – Bursar

Rationale –

To achieve and maintain accountability of managing funds.

Purpose –

The purpose of the financial policy is to establish proper financial management system by way of rules, regulations, guidelines and criteria for financial activities of the University of Sri Jayewardenepura (USJP) to ensure the university’s financial resources are managed effectively and in an efficient manner to achieve the university vision and mission.

Scope –

Relevant Stake Holders

  • University Authorities such as Governing Council, Vice Chancellor, Deans of the Faculties, Registrars, Bursars and other officials etc.
  • Relevant government agencies such as Treasury, Auditor General Department, Ministry, University Grant Commission (UGC) etc.

Policy Statement –

Generating and utilizing university funds efficiently, effectively and transparently to achieve the university vision and mission.

Title of the related policies –

Constitution of Sri Lanka, Financial Regulation of Sri Lanka (FR), Treasury Circular, UGC Circulars and Council decisions and Internal Constitution guidelines and criteria.


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