Utilization of Funds Certificate for Grants and Loans — Traced. Tested. Certified.
Certification of how sanctioned funds have been applied, tested against the sanction conditions and the expenditure records behind each head.
Book Free ConsultationA funder that has released money wants to know it was spent on what it was sanctioned for. The utilisation certificate answers that question, and it is usually a condition of the next release rather than a formality after the fact.
At N D Savla & Associates, we issue utilisation certificates for trusts, institutions and businesses in Nashik and across Maharashtra — for government grants, CSR funding, institutional donors and term lenders.
The certificate is only as strong as the fund accounting behind it. Where grant money runs through a common account and expenditure is not tagged to its head, the utilisation cannot be traced, which is why we set up the tagging at the point the funds are received.
Our Fund Utilisation Services
Sanction Condition Review
Review of the sanction letter and the conditions attached to the funding.
Head-Wise Verification
Verification of expenditure against each sanctioned head and its limit.
Voucher Examination
Examination of the vouchers and supporting documents behind the expenditure.
Unspent Balance Computation
Computation and reporting of unspent balances at the end of the period.
Fund Accounting Setup
Setting up ledgers that segregate each grant or facility from general funds.
CSR Utilisation Reporting
Reporting on the application of CSR funds received for a project.
Loan Utilisation Certification
Certification that borrowed funds were applied for the sanctioned purpose.
Format Compliance
Issue in the format prescribed by the funding agency or lender.
Our Certification Process
Sanction Review
The sanction terms, permitted heads and reporting period are established.
Expenditure Extraction
Expenditure charged against the funding is extracted head by head.
Verification
Vouchers, payments and deliverables supporting the expenditure are examined.
Reconciliation
Receipts, expenditure and unspent balance are reconciled for the period.
Issue
The certificate is issued in the funder’s format with the utilisation statement.
Why It Matters
Frequently Asked Questions
Funder asking for a utilisation certificate?
Send us the sanction letter and the fund ledger — we’ll trace the expenditure head by head.
