Audited Report
Transparency in Financial Practices
At Horizon College of Engineering, we believe that transparency, accountability, and ethical governance are the pillars of institutional integrity. Our Audited Reports are prepared annually to present a clear and verified account of the college’s financial activities, as per statutory requirements.
These reports reflect our commitment to responsible financial management and the effective utilization of funds for the development of academic infrastructure, student support systems, and quality education.
Purpose of the Audited Report:
- To provide an accurate overview of the institution’s financial performance and status
- To ensure compliance with regulatory bodies including AICTE, University Affiliating Body, and State Education Authorities
- To promote trust among stakeholders including students, parents, faculty, donors, and government agencies
- To track resource allocation and highlight areas of investment such as infrastructure, scholarships, and faculty development
Key Inclusions in the Report:
- Income and Expenditure Statement
- Balance Sheet
- Receipts and Payments Account
- Utilization Certificates (if applicable)
- Budget vs. Actual Analysis
- Notes and Auditor’s Remarks (if any)
Reporting & Compliance:
- All financial audits are conducted by a certified Chartered Accountant in accordance with standard auditing procedures.
- Reports are submitted annually to the Board of Governors, Academic Council, and relevant authorities.
- The institution adheres strictly to UGC, AICTE, and state government financial guidelines.