The university provides education to undergraduate and postgraduate medical as well as nursing students at a highly subsidised fee. .The out -patient consultation charges are a meagre Rs. 1/- and admission charges are Rs.35/- only . The admitted patients are provided free professional consultations. However, some charges have been introduced since August 2000 for investigations. The budget for drugs and appliances falls extremely short as compared to the demand. Therefore, a large number of patients end up purchasing medicines and consumable appliances from the open market. Despite a rich clientele and an extremely powerful alumni, the university has not been a beneficiary of appreciable donations.

The college accounts were initially handled by the University of Lucknow Campus up to 1981. To facilitate easy access by the staff, Prof. R.V.Singh , while he was the Vice Chancellor of Lucknow University brought the Accounts Office of the CSMMU in its campus. In 2004, the Central Finance and Accounts Office of King George Medical University shifted from its location behind the Surgical Block to the 1st floor of the New Administrative Block of the university. The Accounts Office has besides the Finance Controller, Senior Accounts Officer, 5 Accountants, 35 clerks and Assistant Accountants.

The Finance Controller and Senior Accounts Officer of the University are from the Provincial Finance and Accounts Services U.P. They advise the Vice Chancellor and Chief Superintendent regarding the financial regulations and act as a liaison between the Government and KGMU. Sri. Abdul Ghani (PFAS) is Finance Controller of the college.