Annual Financial Statement - 2023-24
The English translation of the Summarised Report of Akalakunnam Grama Panchayat is provided below:
Summarised Report of Akalakunnam Grama Panchayat
For the Financial Year: April 1, 2023, to March 31, 2024
1. Balance Sheet Summary
As of March 31, 2024, the total assets and liabilities of the Panchayat are as follows:
Liabilities
Reserve & Surplus: ₹5,01,91,066.00
Grants for Specific Purposes: ₹1,30,17,935.00
Loans: ₹17,84,192.00
Current Liabilities & Provisions: ₹25,45,200.00
Total Liabilities: ₹6,75,38,393.00
Assets
Fixed Assets: ₹3,73,37,095.00 (Net amount after deducting Depreciation of ₹1,71,98,519.00 from the Total Fixed Assets of ₹5,45,35,614.00)
Investments: ₹15,25,065.00
Current Assets, Loans & Advances: ₹2,86,76,233.00 (This includes ₹1,44,85,290.00 as Bank and Cash in Hand)
Total Assets: ₹6,75,38,393.00
2. Income & Expenditure Statement
The total income and expenditure of the Panchayat during this financial year are:
Total Income: ₹10,05,14,607.00 (Major income sources: Revenue Grants/Funds - ₹9.20 crores, Tax Revenue - ₹52.60 lakhs, Fees & User Charges - ₹27.27 lakhs)
Total Expenditure: ₹9,99,29,639.00 (Major expenses: Decentralised Plan Programmes - ₹5.26 crores, Expenses for Transferred Institutions - ₹3.04 crores, Establishment Expenses - ₹1.35 crores)
Gross Surplus: ₹5,84,968.00 (Income exceeds expenditure)
3. Cash Flow Statement Summary
Net Cash from Operating Activities: ₹22,68,587.00
Net Cash from Investing Activities: ₹75,61,361.00
Net Cash used in Financing Activities: ₹24,32,731.00
Opening Cash & Bank Balance: ₹1,28,99,303.00
Closing Cash & Bank Balance: ₹1,44,85,290.00 (Net increase in cash: ₹15,85,987.00)
Key Observation: The financial position of the Panchayat is stable. Total assets and liabilities are balanced equally at ₹6.75 crores. Additionally, the Panchayat recorded an operating surplus of ₹5.84 lakhs during this financial year. The highest amount of capital expenditure by the Panchayat was allocated to the Smart City/Infrastructure sector (₹3.93 crores).
The English translation of the Summarised Report of Akalakunnam Grama Panchayat is provided below:
Summarised Report of Akalakunnam Grama Panchayat
For the Financial Year: April 1, 2023, to March 31, 2024
1. Balance Sheet Summary
As of March 31, 2024, the total assets and liabilities of the Panchayat are as follows:
Liabilities
Reserve & Surplus: ₹5,01,91,066.00
Grants for Specific Purposes: ₹1,30,17,935.00
Loans: ₹17,84,192.00
Current Liabilities & Provisions: ₹25,45,200.00
Total Liabilities: ₹6,75,38,393.00
Assets
Fixed Assets: ₹3,73,37,095.00 (Net amount after deducting Depreciation of ₹1,71,98,519.00 from the Total Fixed Assets of ₹5,45,35,614.00)
Investments: ₹15,25,065.00
Current Assets, Loans & Advances: ₹2,86,76,233.00 (This includes ₹1,44,85,290.00 as Bank and Cash in Hand)
Total Assets: ₹6,75,38,393.00
2. Income & Expenditure Statement
The total income and expenditure of the Panchayat during this financial year are:
Total Income: ₹10,05,14,607.00 (Major income sources: Revenue Grants/Funds - ₹9.20 crores, Tax Revenue - ₹52.60 lakhs, Fees & User Charges - ₹27.27 lakhs)
Total Expenditure: ₹9,99,29,639.00 (Major expenses: Decentralised Plan Programmes - ₹5.26 crores, Expenses for Transferred Institutions - ₹3.04 crores, Establishment Expenses - ₹1.35 crores)
Gross Surplus: ₹5,84,968.00 (Income exceeds expenditure)
3. Cash Flow Statement Summary
Net Cash from Operating Activities: ₹22,68,587.00
Net Cash from Investing Activities: ₹75,61,361.00
Net Cash used in Financing Activities: ₹24,32,731.00
Opening Cash & Bank Balance: ₹1,28,99,303.00
Closing Cash & Bank Balance: ₹1,44,85,290.00 (Net increase in cash: ₹15,85,987.00)
Key Observation: The financial position of the Panchayat is stable. Total assets and liabilities are balanced equally at ₹6.75 crores. Additionally, the Panchayat recorded an operating surplus of ₹5.84 lakhs during this financial year. The highest amount of capital expenditure by the Panchayat was allocated to the Smart City/Infrastructure sector (₹3.93 crores).
The English translation of the Summarised Report of Akalakunnam Grama Panchayat is provided below:
Summarised Report of Akalakunnam Grama Panchayat
For the Financial Year: April 1, 2023, to March 31, 2024
1. Balance Sheet Summary
As of March 31, 2024, the total assets and liabilities of the Panchayat are as follows:
Liabilities
Reserve & Surplus: ₹5,01,91,066.00
Grants for Specific Purposes: ₹1,30,17,935.00
Loans: ₹17,84,192.00
Current Liabilities & Provisions: ₹25,45,200.00
Total Liabilities: ₹6,75,38,393.00
Assets
Fixed Assets: ₹3,73,37,095.00 (Net amount after deducting Depreciation of ₹1,71,98,519.00 from the Total Fixed Assets of ₹5,45,35,614.00)
Investments: ₹15,25,065.00
Current Assets, Loans & Advances: ₹2,86,76,233.00 (This includes ₹1,44,85,290.00 as Bank and Cash in Hand)
Total Assets: ₹6,75,38,393.00
2. Income & Expenditure Statement
The total income and expenditure of the Panchayat during this financial year are:
Total Income: ₹10,05,14,607.00 (Major income sources: Revenue Grants/Funds - ₹9.20 crores, Tax Revenue - ₹52.60 lakhs, Fees & User Charges - ₹27.27 lakhs)
Total Expenditure: ₹9,99,29,639.00 (Major expenses: Decentralised Plan Programmes - ₹5.26 crores, Expenses for Transferred Institutions - ₹3.04 crores, Establishment Expenses - ₹1.35 crores)
Gross Surplus: ₹5,84,968.00 (Income exceeds expenditure)
3. Cash Flow Statement Summary
Net Cash from Operating Activities: ₹22,68,587.00
Net Cash from Investing Activities: ₹75,61,361.00
Net Cash used in Financing Activities: ₹24,32,731.00
Opening Cash & Bank Balance: ₹1,28,99,303.00
Closing Cash & Bank Balance: ₹1,44,85,290.00 (Net increase in cash: ₹15,85,987.00)
Key Observation: The financial position of the Panchayat is stable. Total assets and liabilities are balanced equally at ₹6.75 crores. Additionally, the Panchayat recorded an operating surplus of ₹5.84 lakhs during this financial year. The highest amount of capital expenditure by the Panchayat was allocated to the Smart City/Infrastructure sector (₹3.93 crores).