2023-24 Budget Report
Kodikkulam Grama Panchayat
2023–24 Budget Analysis Report
1. Summary of Financial Position
Item
2021–22 Actual
2022–23 Revised Budget
2023–24 Budget
Opening Balance
₹53.65 lakh
₹43.98 lakh
₹51.69 lakh
Tax Revenue
₹28.76 lakh
₹36.50 lakh
₹40.00 lakh
Non-Tax Revenue
₹12.37 lakh
₹10.67 lakh
₹12.90 lakh
Own Fund
₹41.13 lakh
₹47.17 lakh
₹52.90 lakh
General Purpose Fund
₹69.52 lakh
₹70.00 lakh
₹70.00 lakh
Total Revenue Income
₹8.53 crore
₹9.90 crore
₹11.67 crore
Total Capital Income
₹78.98 lakh
₹77.05 lakh
₹85.88 lakh
Total Income
₹9.32 crore
₹10.67 crore
₹12.53 crore
Total Availability Including Opening Balance
₹9.85 crore
₹11.11 crore
₹13.04 crore
Total Expenditure
₹9.41 crore
₹10.59 crore
₹12.62 crore
Closing Balance
₹43.98 lakh
₹51.69 lakh
₹42.36 lakh
2. Revenue Analysis
In 2023–24, the total income of the panchayat is ₹12,52,55,276. Including the opening balance, the total amount available is calculated as ₹13,04,23,893.
Total income rises from ₹10.67 crore in the 2022–23 revised budget to ₹12.53 crore in 2023–24. This represents an increase of approximately 17.3%.
Own Revenue
In 2023–24:
Tax revenue – ₹40.00 lakh
Non-tax revenue – ₹12.90 lakh
Total own fund – ₹52.90 lakh
has been estimated.
The increase in own fund from ₹41.13 lakh in 2021–22 to ₹52.90 lakh in 2023–24 indicates an effort to improve the panchayat's own revenue capacity.
3. Role of Government Grants
The major revenue sources in the 2023–24 budget are:
General Purpose Fund – ₹70.00 lakh
Plan Revenue Grants – ₹6.94 crore
Non-Plan Revenue Grants – ₹3.50 crore
.
This makes it clear that government grants play a very important role in the financial operations of the panchayat.
In particular, the Plan Grant of ₹6.94 crore will be a major source of funding for the panchayat's development projects.
4. Revenue Expenditure
The total revenue expenditure for 2023–24 is:
₹11,62,41,126
.
Its major components are:
Expenditure Category
Amount
Essential Obligatory Functions
₹1,16,63,950
Plan Revenue Expenditure
₹6,95,77,176
Non-Plan Revenue Expenditure
₹3,50,00,000
Total Revenue Expenditure
₹11,62,41,126
The largest share of revenue expenditure is for plan expenditure.
5. Essential Administrative Expenditures
₹1.17 crore has been allocated for essential obligatory functions in 2023–24.
This includes employee salaries, honorarium of elected representatives, pension/contribution, administrative expenses, maintenance, etc.
Although such expenditures are essential for the day-to-day administration of the panchayat, their increase may affect the discretionary resources available for development activities.
6. Major Focus in Plan Sectors
In the Excel file, projects are organized into various categories such as Decentralised Plan Programme – Productive Sector, Service Sector, Infrastructure Sector.
Productive Sector
This includes agriculture, other crops, agricultural development, animal husbandry, dairy development, fisheries, industry, etc.
This indicates that importance is being given to projects aimed at increasing the productive capacity and income of rural people.
Service Sector
This includes public welfare sectors such as education, health, drinking water, sanitation, social welfare, housing, etc.
Since these are directly related to people's quality of life, they are major areas of social intervention in the budget.
Infrastructure Sector
The major components include roads, lanes, bridges/culverts, drinking water sources, electricity, waste management, public amenities, etc.
7. Capital Expenditure
In 2023–24:
Loan repayment – ₹19.59 lakh
Capital expenditure excluding loan repayment – ₹79.88 lakh
Total capital expenditure – ₹99.47 lakh
.
Although approximately ₹19.59 lakh has been set aside for loan repayment, the major portion of capital expenditure is for asset creation and infrastructure development.
8. Development of Assets such as Roads and Buildings
The capital expenditure category includes allocations for:
Land
Public buildings
Roads
Lanes
Culverts/bridges
Drinking water sources
Irrigation
Electricity
Waste management
Movable assets
Other fixed assets
Through this, it can be assessed that the budget gives attention to strengthening the physical infrastructure of the panchayat.
9. Budget Balance
In 2023–24:
Total availability – ₹13,04,23,893
Total expenditure – ₹12,61,88,226
Closing balance – ₹42,35,667
is shown in the budget statement.
That is, according to the budget, a closing balance of approximately ₹42.36 lakh is expected at the end of the year.
10. Key Findings
Strengths
There has been a notable increase in the overall budget size.
Own fund increases from ₹41.13 lakh in 2021–22 to ₹52.90 lakh in 2023–24.
Approximately ₹6.94 crore in revenue grants is made available for plan development.
Productive sectors such as agriculture, animal husbandry, dairy development, etc. have been included.
Importance has been given to service sectors such as health, education, and social welfare.
There is capital investment for infrastructure such as roads, buildings, and drinking water.
A balance of ₹42.36 lakh is expected at the end of the year according to the budget.
Areas Requiring Attention
The panchayat's dependence on government grants is very high in its total income.
Its own tax/non-tax revenue needs to be strengthened further.
Timely and full utilization of plan funds should be ensured.
It would be beneficial to control essential administrative expenditures and make more resources available for development projects.
The quality and long-term maintenance of infrastructure projects such as roads, drinking water, and waste management should be ensured.
11. Conclusion
The 2023–24 budget of Kodikkulam Grama Panchayat is a budget that emphasizes development and public welfare. The total income is ₹12.53 crore and the total expenditure is ₹12.62 crore. Considering the total availability including the opening balance, a closing balance of ₹42.36 lakh is expected at the end of the year.