2024-25 Annual Financial Statement
Kodikkulam Grama Panchayat
2024-25 Annual Financial Statement (AFS) Analysis Report
According to the Annual Financial Statement (AFS) of Kodikkulam Grama Panchayat for the financial year 2024-25, although the financial position of the Panchayat is generally stable, a small shortfall (Deficit) has been recorded in the income-expenditure account. The total assets and liabilities of the Panchayat are ₹5.71 crore each. ₹53.14 lakh remains in the Panchayat's General Fund. In addition, ₹3.30 crore is available in various reserve funds and ₹94.39 lakh as grants for specific purposes.
Financial Position
As of March 31, 2025, the bank and cash balance is ₹1.63 crore. Compared to the previous year's ₹1.29 crore, liquidity appears to have improved. The Panchayat has a loan liability of ₹75.66 lakh, including KURDFC and cooperative bank loans.
Revenue Analysis
The Panchayat's total revenue for 2024-25 is ₹9.33 crore. The largest share of this is government grants and financial assistance (₹8.83 crore). Tax revenue amounted to ₹36.80 lakh and fees and user charges amounted to ₹11.08 lakh. Bank interest income is ₹1.76 lakh.
Major components of tax revenue:
Residential building tax – ₹17.50 lakh
Commercial building tax – ₹10.87 lakh
Profession tax – ₹8.42 lakh
Expenditure Analysis
Total expenditure is ₹9.40 crore. As expenditure exceeded revenue, a deficit (Deficit) of ₹4.97 lakh was recorded.
Major expenditures:
Category
Amount
Employees' salaries and related expenses
₹86.52 lakh
Administrative expenses
₹10.02 lakh
Operation and maintenance expenses
₹9.44 lakh
Production sector projects
₹65.32 lakh
Service sector projects
₹1.88 crore
Infrastructure development
₹85.85 lakh
Poverty alleviation projects
₹1.25 crore
State schemes including welfare pensions
₹2.99 crore
Development Activities
In the service sector, substantial amounts were spent on education, health, drinking water, housing construction, sanitation, Anganwadi, and schemes for persons with disabilities and senior citizens. More than ₹54 lakh was spent solely on housing construction and renovation.
In the production sector:
Paddy cultivation subsidy
Dairy development
Pepper, banana, and vegetable cultivation
Animal husbandry schemes
₹65.32 lakh was spent on these.
In infrastructure development:
Road concreting
Construction of retaining walls
Office building renovation
Housing loan repayment
₹85.85 lakh was spent on these.
Asset Position
The total value of the Panchayat's fixed assets is more than ₹42.11 crore. These include roads, buildings, public facilities, drinking water projects, health institutions, Anganwadis, etc. Accumulated depreciation of ₹1.56 crore has been accounted for.
Arrears and Advances
The arrears receivable by the Panchayat amount to ₹45.79 lakh. This includes property tax arrears and other receivables. Advances of ₹24.59 lakh have been given to various departments and implementing agencies.
Key Observations
The Panchayat's liquidity is strong; the bank balance is ₹1.63 crore.
The Panchayat's main revenue is dependent on government grants.
A large amount of funds has been utilized for development and welfare activities.
A shortfall of ₹4.97 lakh has been recorded in the annual accounts.
As the loan liability is ₹75.66 lakh, priority should be given to loan control in the future.
Arrears including property tax need to be collected promptly.
Timely adjustment of advances given for projects and receivables will improve financial efficiency.
Conclusion
During the financial year 2024-25, Kodikkulam Grama Panchayat made significant investments in areas such as education, health, social welfare, housing construction, agriculture, and infrastructure development. Although a small deficit was recorded at the end of the financial year, the Panchayat's financial position can be assessed as satisfactory due to the adequate bank balance and strong development assets. If own-source revenue is increased further and arrears collection is strengthened, financial stability will improve further in the future.
