This document provides an overview of financial management principles for a university. It discusses efficient administration requiring coordination between units. Heads of divisions are responsible for proper collection and use of funds according to rules to ensure optimal resources and prevent misuse. All financial transactions and accounts must be recorded properly. University dues must be collected correctly and deposited in accounts, while private funds must be kept separate. Expenditure requires authorized sanction and must conform to relevant laws and rules. Heads of divisions must enforce financial order and economy.