Annual Financial Statement 2018-19

The English translation of the Summarised Annual Financial Statement of Akalakunnam Grama Panchayat is provided below:

Summarised Annual Financial Statement of Akalakunnam Grama Panchayat

For the Financial Year: April 1, 2018, to March 31, 2019

1. Balance Sheet

The total assets and liabilities of the Panchayat for this financial year are as follows:

Liabilities

  • Reserve & Surplus: ₹4,48,65,295.00
  • Grants for Specific Purposes: ₹47,50,540.00
  • Loans: ₹10,42,608.00
  • Current Liabilities & Provisions: ₹10,37,982.00
  • TOTAL LIABILITIES: ₹5,16,96,425.00

Assets

  • Fixed Assets: ₹2,71,97,279.00
  • Investments: ₹9,59,174.00
  • Current Assets, Loans & Advances: ₹2,35,39,972.00
  • TOTAL ASSETS: ₹5,16,96,425.00

2. Income & Expenditure Statement

The total income, expenditure, and the resulting surplus/deficit details for the year:

Income

  • Tax Revenue: ₹44,87,503.00
  • Rental Income (from Panchayat properties): ₹2,04,064.00
  • Fees & User Charges: ₹4,08,947.00
  • Sale & Hire Charges: ₹1,63,216.00
  • Income from Transferred Institutions: ₹2,80,000.00
  • Revenue Grants & Subsidies: ₹7,50,18,706.00
  • Income from Investments and Interest: ₹5,13,354.00
  • Other Income: ₹22,117.00
  • Total Income: ₹8,10,97,907.00

Expenditure

  • Establishment Expenses (Staff expenses): ₹1,00,61,101.00
  • Administrative Expenses: ₹10,59,890.00
  • Operations & Maintenance: ₹19,96,651.00
  • Decentralised Plan Programme:
    • Productive Sector: ₹40,86,160.00
    • Service Sector: ₹1,92,16,658.00
    • Infrastructure Sector: ₹15,03,949.00
  • Other Projects: ₹81,942.00
  • Expenses of Transferred Institutions: ₹3,15,10,912.00
  • Maintenance Projects: ₹68,46,754.00
  • Depreciation: ₹19,86,724.00
  • Other Financial Expenses & Grants: ₹2,16,291.00
  • Total Expenditure: ₹7,85,67,032.00

Surplus

  • Surplus before prior period adjustments: ₹25,30,875.00
  • Gross Surplus (after prior period adjustments): ₹28,07,921.00

3. Receipt & Payment Summary

  • Opening Balance: ₹1,28,38,422.00 (Bank: ₹1,26,89,477.00 + Cash in Hand: ₹1,48,945.00)
  • Total Receipts: ₹6,66,97,533.00
  • Total Payments: ₹6,66,97,533.00
  • Closing Balance: ₹1,65,97,565.00 (Bank: ₹1,64,27,093.00 + Cash in Hand: ₹1,70,472.00)

In Short: During the year under review, Akalakunnam Grama Panchayat recorded a revenue surplus of ₹28.07 lakhs and maintained strong financial stability with a closing cash balance of ₹1.65 crores at the end of the financial year.

  • 2018-19