AFS- 2025-26
summary AFS 25-26
Here is a summary of the annual financial statements (AFS) for Akalakunnam Grama Panchayat for the period covering 2025–2026:
1. Financial Position (Balance Sheet as of March 31, 2026)
Total Liabilities & Assets: ₹96,897,364
Reserve & Surplus: ₹71,944,337 (includes Municipal General Fund, Earmarked Funds, and Reserves)
Grants & Contributions (Specific Purposes): ₹18,206,474
Total Loans: ₹3,535,919 (Comprising secured loans of ₹3,492,171 and unsecured loans of ₹43,748)
Current Liabilities & Provisions: ₹3,210,634
Total Fixed Assets: ₹53,462,037 (Gross fixed assets of ₹79,057,503 minus accumulated depreciation of ₹26,379,801, plus capital work-in-progress of ₹784,335)
Current Assets, Loans, and Advances: ₹41,655,121 (including cash and bank balances of ₹16,402,379 and stock-in-hand of ₹362,195)
2. Income and Expenditure Statement (2025–2026)
Total Revenue Income: ₹110,737,005
Key Revenue Streams: Revenue Grants, Contributions, and Subsidies accounted for ₹102,134,824; Tax Revenue stood at ₹6,226,777; and Fees and User Charges contributed ₹1,772,692.
Total Expenditure: ₹120,079,002
Key Expenditure Heads: State Sponsored Scheme Expenses totaled ₹58,427,500; Expenses in the Service Sector were ₹22,183,329; Establishment Expenses amounted to ₹15,058,135; and Programme Expenditure reached ₹8,960,589.
Gross Deficit (Income over Expenditure): ₹(9,341,997)
Net Deficit (After Prior Period Items of ₹104,188): ₹(9,446,185)
3. Cash Flow Summary (2025–2026)
Cash Generated from Operating Activities: ₹39,191,430
Cash Generated from Investing Activities: ₹(20,375,346) (driven by total asset creation of ₹20,610,678 offset by asset sales and investment income)
Cash Used in Financing Activities: ₹(17,666,534)
Net Increase in Cash and Cash Equivalents: ₹1,149,550
Closing Cash and Bank Balance (as of March 31, 2026): ₹16,402,379