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