Kamdhenu University, being a government-funded institution, maintains its financial and accounting records in accordance with the provisions of the Kamdhenu University Act, 2009. The Finance and Accounts of the University are managed by the Comptroller Section, which is headed by the Comptroller. The Comptroller is supported by the Accounts Officer (Cash), Accounts Officer (Pay & Pension), Audit Officer, and two Accounts Officers, stationed at Anand and Junagadh, respectively.

Kamdhenu University has established the Kamdhenu University Fund, which comprises the following sources:

• (a) Grants from the State Government
• (b) The University’s income from all sources, including fees and charges
• (c) Donations, endowments, and other grants

Each year, following due appropriation by the State Legislature, the State Government provides grants to the University. These grants include:

• (a) A grant covering at least the estimated net expenditure on staff salaries, allowances, contingencies, and services of the University
• A grant to meet additional expenditures, both recurring and non-recurring, as deemed necessary by the State Government for the proper functioning of the University

The University receives the majority of its funding from the State Government and various other agencies. During the financial year 2023–24, the State Government sanctioned ₹245.61 crores, of which the University received ₹240.85 crores. In addition, the University received ₹12.93 crores in grants from the Central Government and other agencies/institutes. Furthermore, the University generated ₹11.01 crores through its internal resources.

Grant Received State Govt.(Rs in Crores)
Plan Scheme	₹ 167.37
Non Plan Scheme	₹  62.52
Pension Scheme	₹   10.96
Total	₹ 240.85

Grant Received From Other/ICAR Scheme (Rs in Crores)
ICAR Scheme	₹ 7.74
Other Agency Scheme	₹ 5.19
University Income	₹ 11.01
Total	₹ 23.94

Kamdhenu University currently conducts two types of audits: Statutory Audit and Internal Audit. The Internal Audit, which includes pre-audit of vouchers, is carried out by the University’s Audit Officer to ensure compliance and accuracy in day-to-day financial transactions. The Statutory Audit, as mandated under Section 44(5) read with Section 44(3) of the Kamdhenu University Act, 2009, is conducted after the annual accounts are approved by the Board of Management. These audited accounts are then submitted to the State Government, and the audit is performed by an auditor appointed by the State Government.

Finance Committee: -

Section 32 of the Kamdhenu University Act, 2009 provides for the constitution of a Finance Committee, which functions as an authority of the University in accordance with Section 20(8) of the Act. The members of the Finance Committee are appointed as prescribed under Section 32(1) of the Act.