Submitted by alvin on Sat, 2016-06-04 10:08 Bengaluru: Following complaints by parents against a few schools in Bengaluru over arbitrary fee hike, the CBSE has warned of de-affiliating schools if they violate norms governing fixation of fees. The CBSE has directed all schools to forward their annual financial statements to the board to ensure that schools are not making profit out of the fee paid by students. “We will send our own team if we find any mistakes/ errors in the financial statement of a school,” said an officer. According to CBSE officials, schools should be run as a community service and not as a business enterprise. The school management has the right to generate sufficient funds to guarantee the existence of the institution, but it should not make profit or misuse funds, as is being done by some institutions. A large number of CBSE schools are not adhering to the provisions concerning tuition fees laid down in the Affiliation Bye-Laws of the Board which are mandatory in nature. Taking a very serious note of the complaints, the board has issued an advisory to all affiliated schools for strict adherence of the relevant bye-laws of the Board. Special focus of the advisory concerns diversion of funds in any form by the school and to reiterate that the savings, if any, after meeting the recurring and non-recurring expenditure and contributions to developmental, depreciation and contingency funds may be further utilised for promoting the same institution. The accounts statement should be prepared as per rules and a copy each of the statement of accounts should be sent to the board every year as per bye-laws. Schools have also been told that fees should be “commensurate with the facilities provided by the institution”.