Budget - 2023-24
The Budget Statement for the financial year 2023-2024 of Akalakkunnam Grama Panchayat in Kottayam district is given below.
This budget has been approved by the Standing Committee on Finance, Resolution No. 1 dated 15-03-2023, and by the Governing Body, Resolution No. 1 dated 23-03-2023.
Akalakkunnam Gram Panchayat - Budget Summary (2023-24)
1. Income/Receipts
Particulars
Actual Estimates (2021-2022)
Revised Budget (2022-2023)
Budget Estimates** (2023-2024)**
A. Opening Balance
₹57,71,471
₹68,61,585
₹68,87,945
B. Tax Revenue
₹49,34,148
₹65,00,000
₹93,00,000
C. Non-Tax Revenue Revenue)
₹11,84,229
₹18,59,000
₹35,08,000
D. Total Own Fund
₹61,18,377
₹83,59,000
₹1,28,08,000
E. General Purpose Fund
₹1,05,64,000
₹1,06,65,200
₹1,20,84,000
G. Other Revenue Grants (for Project Expenditure)
₹3,60,43,803
₹4,21,02,000
₹6,24,12,400
H. Other Revenue Grants (Non-Plan Expenditures)
₹4,33,49,000
₹5,20,00,000
₹5,50,00,000
I. Total Revenue Income
₹9,60,75,180
₹11,31,26,200
₹14,23,04,400
J & K. Total Capital Income
₹37,87,593
₹42,61,890
₹57,20,400
M. Total Income (I+L)
₹9,98,62,773
₹11,73,88,090
₹14,80,24,800
N. Total Income and Opening Balance (M+A)
₹10,56,34,244
₹12,42,49,675
₹15,49,12,745
2. Expenditures
Particulars
Actual Estimate (2021-2022)
Revised Budget (2022-2023)
Budget Estimate** (2023-2024)**
O. Revenue Expenditure (for essential duties)
₹1,65,12,194
₹1,86,55,830
₹2,13,61,900
P. Project Expenditure from Revenue Grant
₹3,48,92,960
₹4,21,05,900
₹6,70,20,400
Q. Non-Plan Expenditure from Revenue Grant
₹4,33,49,000
₹5,20,00,000
₹5,50,00,000
R. Total Revenue Exp
₹9,47,54,154
₹11,27,61,730
₹14,33,82,300
S & T. Total Capital Exp
₹40,18,505
₹46,00,000
₹48,50,000
V. Total Expenditure
₹9,87,72,659
₹11,73,61,730
₹14,82,32,300
3. Closing Balance
W. Closing Balance - N-V): ₹66,80,445
Key Takeaways
Revenue Increase: The Gram Panchayat's Own Fund income is expected to increase significantly to ₹1,28,08,000 compared to previous years.
Project Allocation: The highest amount of ₹6,70,20,400 has been set aside for project expenditure from Revenue Grant this year.
Budget Sustainability: The Akalakkunnam Gram Panchayat has envisaged a surplus budget of ₹66,80,445 this year with a total income of ₹15.49 crore (including surplus) and expenditure of ₹14.82 crore.