Annual Financial Report 2020-21

Here is the English translation of the Akalakunnam Grama Panchayat Summary Report (2020-2021):

Akalakunnam Grama Panchayat (Kottayam, Kerala)

The total assets and liabilities of the Grama Panchayat are balanced at ₹5,73,58,304.00.

Fixed Assets: ₹4,13,12,693.00
(Less: Accumulated Depreciation: ₹1,17,23,910.00)
Capital Work in Progress: ₹48,80,192.00
Investments - General Fund: ₹11,34,787.00
Current Assets, Loans & Advances: ₹2,17,54,542.00
(This includes Bank & Cash Balances amounting to ₹1,14,39,418.00)
Total Assets: ₹5,73,58,304.00

During this financial year, the Panchayat recorded a net deficit of ₹15,62,725.00.

Total Income: ₹10,64,40,434.00
- Major Revenue Sources: Revenue Grants & Funds (₹10,09,70,999.00), Tax Revenue (₹43,78,930.00), Fees & User Charges (₹4,38,492.00).
Total Expenditure: ₹10,80,04,440.00
- Major Expenses: Decentralized Planning Project - Service Sector (₹2,50,54,767.00), Expenses of Transferred Institutions & State Sponsored Schemes (₹4,80,10,585.00), Maintenance Projects (₹1,15,28,484.00), Establishment Expenses / Employee Benefits (₹97,72,974.00).
Net Deficit: ₹ -15,62,725.00 (after prior period adjustments)

Opening Balance: ₹1,49,64,670.00
Net Cash from Operating Activities: ₹1,44,71,058.00
Net Cash Used in Investing Activities: ₹-1,50,97,721.00 (spent on fixed assets and construction works)
Net Cash Used in Financing Activities: ₹-2,01,860.00
Closing Balance: ₹1,14,39,418.00
Net Decrease in Cash: ₹35,25,252.00