B2.3.3

B2.3.3   AdministrationàFinancial ManagementàFees, funds, scholarship records

Rating
A	Not Demonstrated	Records are not maintained There are no proper records of fees, funds and scholarships/child welfare schemes.
B	Developing	Minimal records of fees and funds, not properly maintained Some records are kept, but not properly catalogued, maintained/stored. Need for a more structured record maintenance process with standard procedures, and defined, delegated and monitored responsibilities.
C	Proficient	Structured record maintenance process There are standardized procedures and monitored responsibilities for the maintenance of records of fees collection, fund utilization, scholarship, awards and fee waivers, but improvement can be made in the process. Need to ensure the availability of respective records to the concerned stakeholders at all times, and efforts towards continuous improvement in the process through periodic evaluation.
D	Accomplished	All the relevant records are maintained in a very systematic way, required level of transparency, periodic collaborative reviews for continuous improvement The fee collection, fund utilization, scholarship, awards and fee waiver  details are recorded and well-maintained for further reference, and are available to the concerned stakeholders. Efforts to ensure the effectiveness of the process through the implementation of feedback from periodic collaborative reviews.
E	Distinguished	Highly sophisticated, exemplary/demonstrable record maintenance system Technology-supported record maintenance system which ensures high level accuracy and transparency. All the details of the fees, funds and donations are properly recorded online and offline along with the utilization details, and the records are available for the concerned stakeholders. Considerable improvement in the process through periodic collaborative reviews followed by revisions. The systematic approach towards the management of fees, funds, scholarship records has been successfully showcased to other schools.