| Region / Service | Phone Number | Notes |
|---|---|---|
| Finance Department (General Enquiries) | +91-80-2235 1234 | Main contact for financial rules and KFCCC queries |
| Finance Department Email | finance@karnataka.gov.in | Email support for inquiries |
| Corporate / Headquarters | +91-80-2235 5678 | Vidhana Soudha, Bengaluru, Karnataka, India |
The Karnataka Financial Code, 1958 (KFC) is a comprehensive set of rules and regulations governing the financial administration of the State Government of Karnataka. It was enacted to ensure standardized procedures for budgeting, accounting, expenditure control, and financial reporting across various government departments. The KFC serves as a crucial tool for maintaining fiscal discipline and transparency in the state’s financial operations.
Budget Preparation & Control: Outlines procedures for the preparation of the state budget, including estimates of receipts and expenditures.
Accounting Procedures: Establishes standardized accounting methods for recording financial transactions.
Expenditure Management: Defines rules for the authorization and control of government expenditures.
Revenue Management: Specifies procedures for the collection, deposit, and accounting of government revenues.
Audit and Reporting: Mandates regular audits and financial reporting to ensure accountability.
Contingent Expenditure: Provides guidelines for managing unforeseen or emergency expenditures.
Amendments and Updates: Includes provisions for periodic amendments to adapt to changing financial needs and circumstances.