2021-22 Annual Financial Statement
Kodikkulam Grama Panchayat - Annual Financial Statement (AFS) Analysis Report
1. Introduction (Introduction)
This is a comprehensive report based on the Annual Financial Statement (AFS) of Kodikkulam Grama Panchayat, prepared in accordance with the guidelines of the Kerala Local Self Government Department and the standards of the 'Saankhya' accounting software.
This report provides a clear picture of the Panchayat's income, expenditure, assets, liabilities, and financial utilization efficiency.
2. Financial Highlights - Overview (Financial Highlights - Overview)
Particulars
Amount (₹)
Total Income
₹ 14,25,80,450
Total Expenditure
₹ 13,80,45,200
Gross Surplus
₹ 45,35,250
Net Surplus after prior-period adjustments
₹ 44,12,800
3. Income & Expenditure Statement (Income & Expenditure Statement)
A) Major Revenue Sources (Major Revenue Sources)
The Grama Panchayat's income is mainly derived from own funds, government grants, and various project assistance.
Revenue Head
Amount (₹)
Share (%)
Revenue Grants & Subsidies
11,40,25,000
80.0%
Property Tax
52,40,000
3.7%
Profession Tax
28,15,000
2.0%
Maintenance Grant - Road / Non-road Assets
1,12,50,000
7.9%
General Purpose Grant
65,30,000
4.6%
Fees & Licences
27,20,450
1.8%
Total Income
14,25,80,450
100%
B) Major Expenditure Breakdown (Major Expenditure Breakdown)
This includes development needs, infrastructure development, employee salaries, and other administrative expenses.
Expense Head
Amount (₹)
Establishment Expenses - Salary & Benefits
₹ 1,28,40,500
Administrative Expenses
₹ 24,15,300
Productive Sector - Agriculture, Dairy, etc.
₹ 48,20,000
Service Sector - Education, Health, Water, Welfare
₹ 2,15,60,000
Infrastructure Sector - Roads, Buildings
₹ 8,15,40,000
MGNREGS / Employment Guarantee & Poverty Alleviation
₹ 1,48,69,400
Total Expenditure
₹ 13,80,45,200
4. Balance Sheet Analysis (Balance Sheet Analysis)
The Balance Sheet information showing the Panchayat's fixed assets, bank balance, and reserve funds is given below:
Liabilities & Funds
Particulars
Amount (₹)
General Fund
₹ 58,20,000
Accumulated Surplus / Excess Income
₹ 2,12,45,000
Capital Reserves
₹ 5,40,80,000
Deposits Received from Contractors/Public
₹ 12,15,000
Total Liabilities
₹ 8,23,60,000
Assets & Investments
Particulars
Amount (₹)
Fixed Assets - Land, Roads, Buildings, Water works
₹ 5,85,20,000
Less Accumulated Depreciation
(₹ 1,85,40,000)
Net Fixed Assets
₹ 3,99,80,000
Fixed Deposits
₹ 45,00,000
Cash & Bank Balance
₹ 3,35,40,000
Loans, Advances & Receivables
₹ 43,40,000
Total Assets
₹ 8,23,60,000
5. Cash Flow Analysis (Cash Flow Analysis)
Description of the Cash Flow Statement calculating the inflow and outflow of cash during the financial year:
Cash from Operating Activities: ₹ 3,85,20,000
Cash used in Investing Activities - Assets creation: Negative ₹ 1,42,10,000
Financing Activities: Negative ₹ 1,65,30,000
Opening Cash Balance: ₹ 2,57,60,000
Closing Cash Balance: ₹ 3,35,40,000
6. Receipts & Payments Overview (Receipts & Payments Overview)
Particulars
Receipts - ₹
Payments - ₹
Opening Balance
2,57,60,000
-
Tax & Own Revenue
1,07,75,450
-
Plan / Non-Plan Grants
13,18,05,000
-
Development Project Expenditure
-
10,79,20,000
Administrative Expenses & Salary
-
1,52,55,800
Closing Balance
-
3,35,40,000
Total
₹ 16,83,40,450
₹ 16,83,40,450
7. Key Financial Insights (Key Financial Insights)
High Dependence on Grants:The Panchayat's total income is dependent on revenue grants from the State and Central Governments for more than 80%.
Own Revenue Potential:The own revenue generated through property tax, profession tax, and licence fees is less than 8% of total income. Tax collection needs to be made more efficient.
Development Expenditure:The lion's share of the funds has been utilized for infrastructure sectors such as road construction, drinking water projects, and housing (Life Mission).
Financial Health & Surplus:The Panchayat maintains a profitable/surplus (₹ 44.12 lakh) financial position during the financial year. An adequate bank balance (₹ 3.35 crore) is available.
8. Recommendations (Recommendations)
Increase Own Revenue: Conduct special arrears settlement camps to collect building tax arrears and increase revenue through licences.
Timely Fund Utilization: Systematically utilize the plan funds allocated for development projects from the beginning of the financial year itself to avoid rush during the final months.
Asset Management (Asset Management): Properly maintain buildings, drinking water projects, and other public assets owned by the Panchayat and keep the asset register updated.
