MOBILIZATION OF FUNDS:

• The sponsoring society, Sri Siddhartha Education Society (SSES) started by Late H.M. Gangadhariah.
• The Board of Management and Finance committee have mandated the Sri Siddhartha Academy of Higher Education, to ensure –
• Optimum utilization of assets i.e. land, buildings, equipments, vehicles, furniture etc. which are already in place and to be created in future.
• Feasibility studies are done before start of new programs and institutions lay emphasis on the quality of Education, before venturing into new programs/institutions.
• Effective administration that nurtures quality and promotes a competitive environment that results in additional revenue generation.
• All the constituent colleges are self-financing institutions.
• Carrying out a financial resource mobilization strategy includes the following steps:
  • Identifying potential sources of funds,
  • Actively soliciting pledges,
  • Following up on pledges to obtain funds,
  • Depositing these funds, and
  • Recording the transactions and any restrictions on their use.
• Financial resources are mobilized by fee collected from the students.
• The donations are invited for the purpose of instituting endowments for giving medals, awards, fellowships, research, etc
• Attracting Govt. / Private Grants and CSR funds to the maximum extent possible.
• Additional revenue generation by way of conducting new programmes/courses/training schemes and in coordination with the industry.
• Cultivation of the Alumni and philanthropists to generously donate to the university.
• Overhead charges from research grants received from various government and non-government funding agencies.
• Institutional Consultancy Charges through consultancy services provided by faculty members.
• E-Content creation.
• Renting of auditorium, conference room, sports ground, guest house, and similar such facilities to the faculties, department and outside agencies for organizing academic and non-academic activities like conferences, seminars, lectures, workshops and personal functions.
• To facilitate the above initiatives, the University provides space on lease to various commercial utility facilities for the students, faculty members and officials of the University, such as Banks, Post Office, Book shop, Cafeteria, Canteen, Xerox Centre, Laundry etc.

OPTIMUM UTILIZATION OF RESOURCES:

• Funds generated from above sources are principally used as University Development, Fund for maintenance and for the overall development of the University.
• All the expenditures are allocated according to the sections, namely Infrastructure maintenance, salaries of the staff, research incentives, seed money, staff welfare, student welfare, budget for the various events such as convocation, graduation day, etc… Accounts of the institution are audited regularly and balance sheet and other financial statements drawn annually pre audit objections are taken care of and cleared. The Finance committee and the Board of Management reviews and passes the annual budget put forth in the committee meetings.