Shyama Prasad Mukherji College for Women (SPMC) is a fully funded government college under UGC 2F and 12 B. Funds allocated for planned and non-planned expenditures from the UGC, Government of NCT, and University of Delhi are spent for designated purposes. The funds marked for examination are utilized solely for conducting examinations. The grant-in-aid from UGC and Government of NCT, Delhi, is utilized for the purpose of disbursing salaries and allowances.

In pursuit of mobilization of funds for research and collaborative activities, the college applies for financial assistance and funding at various agencies from time to time under various schemes. Detailed proposals and estimated budgets are submitted at the time of proposal submission. The college is able to generate funds to organize activities related to the environment from the Government of Delhi. Funds are also received to organize seminars and lectures from the Indian Philosophical Council, National Institute of Disaster Management, etc. UGC, ICSSR, IOE, Delhi University, and NWC, Delhi have sanctioned funds for research projects and conferences/workshops within the institutions of the University.

SPMC runs established centers for IGNOU, NCWEB, and the School of Open Learning (SOL) and receives funds in the form of operational/rent fees from these institutions.

Fees collected from the students, under different heads, are used for different purposes and are equitably distributed among the departments and societies based on the strength of the students and requirements. A small percentage of the student fee is paid to the University/Government as official charges.

As per the Government of India guidelines, most of the financial transactions are done on the Public Financial Management System (PFMS). The Principal and the Bursar are the disbursing authorities. All purchases in the institution are routed through the Purchase Committee and Infrastructure Committee established in the institution. Major infrastructural purchases are done through Government e-Marketing (GeM) which creates transparency, efficiency, and speed in public procurement. The Infrastructure Committee periodically reviews the mobilization of funds and utilization of resources.

SPMC conducts external and internal financial audits at regular intervals, as per the financial rules of the Government of India and NCT-Delhi, to utilize available resources optimally. The accounts and financial statements of the institution are internally audited by a Chartered Accountant duly appointed by the Governing Body with the approval of the University of Delhi. The financial audit is done in accordance with the extant guidelines. External audit is conducted once every two years by the Directorate of Audit, Govt. of N.C.T. of Delhi. If any objections are raised during auditing, they are duly considered, and appropriate explanations are made through a written report. All the financial statements and account books are maintained with utmost professional standards, which are subject to third-party audit to ensure fairness and transparency in the system. All audit reports are available in the public domain on the college website.