Response:

The institution uses several strategies to mobilize funds and ensure resources are used efficiently:

1.Fund Mobilization:

• The institution plans how to generate funds from both government and private sources.
• Funds are allocated in the budget based on these plans.

2.Fund Utilization and Record-Keeping:

• The internal auditor ensures that the use of funds follows proper norms.
• After the funds are used, the institution must submit a Utilization Certificate to the funding agencies.
• Proper records of all expenditures are maintained even after the project is completed.

3.Audit Certification:

• The Utilization Certificate is certified by both the Internal and External Auditors.