Annual Financial Report 2024-25

The summary report of the Akalakkunnam Grama Panchayat for the financial year from 1st April 2024 to 31st March 2025 is given below:

Financial Status - At a Glance

The main income and expenditure figures of the Panchayat for the financial year 2024-25 are as follows:

Total Income: ₹13,70,04,050.00

Total Expenditure: ₹13,48,22,464.00

Gross Surplus: ₹21,81,586.00 (Previous income and expenditure figures)

Main sources of income

Most of the income of the Panchayat is received from grants:

Revenue Grants and Funds: ₹12,76,20,791.00

Tax Revenue: ₹58,53,919.00 of which is Residential: ₹27,87,511.00

Employees Tax: ₹10,68,900.00

Fees and Service Charges: ₹25,51,780.00

Major Expenditures

Major expenditure incurred by the Panchayat for development activities and administrative matters:

Decentralized Planning Projects: Infrastructure Sector (Roads, Bridges etc.): ₹2,76,85,562.00

Service Sector: ₹2,27,47,974.00

Productive Sector: ₹57,66,071.00

Transferred Institutions and State Schemes: ₹4,21,49,700.00

Employees' Salaries and Other Benefits (Establishment Expenses): ₹1,43,56,113.00

Depreciation (Depreciation): ₹43,55,684.00

Assets and Liabilities (Balance Sheet)

As on 31 March 2025:

Total Assets: ₹7,95,43,035.00

Fixed Assets: ₹3,97,37,550.00

Closing Bank Balance: ₹1,52,52,829.00

Total Liabilities: ₹7,95,43,035.00

  • Annual Financial Report 2024-25