Pampady
Grama Panchayat

Summarised Financial Report

Pampady Grama Panchayat

Financial Year: 1 April 2020 to 31 March 2021

The following is a brief summary based on an analysis of the Financial Report of Pampady Grama Panchayat for the financial year from 1 April 2020 to 31 March 2021.

1. Income and Expenditure Summary

• Total Income: ₹18,38,78,982.00
• Total Expenditure: ₹18,19,49,180.00
• Gross Surplus for the Year: ₹19,29,802.00
• Net Surplus after Prior Period Items: ₹24,35,977.00

2. Major Sources of Income

The major sources of income of the Panchayat were Government grants and contributions, and tax revenue.

• Revenue Grants and Contributions: ₹16,85,96,286.00
  This mainly includes development funds, welfare pension funds and NREGA/MGNREGS-related funds.
• Tax Revenue: ₹1,04,85,259.00
  This was mainly collected through building tax, profession tax and other taxes.
• Rental Income: ₹21,53,103.00
• Fees and User Charges: ₹14,60,099.00

3. Major Expenditures

A major portion of the Panchayat's expenditure was directed towards decentralised planning projects, welfare activities and infrastructure development.

• Expenditure on Transferred Institutions and State Plan Schemes: ₹6,70,75,720.00
  A major portion of this expenditure was utilised for various social security pension schemes.
• Service Sector Projects: ₹5,11,70,128.00
  This includes LIFE housing projects, healthcare, education, drinking water and sanitation activities.
• Maintenance Projects – Roads and Non-Road Assets: ₹2,16,86,959.00
• Infrastructure Sector: ₹1,29,50,934.00
  This includes the construction and development of roads, bridges and public buildings.
• Establishment Expenses – Salaries and Benefits: ₹1,22,83,532.00
• Productive Sector: ₹59,13,082.00
  This includes agriculture, animal husbandry and dairy development activities.
• Pandemic Control Activities: ₹9,50,801.00
• Administrative Expenses: ₹20,46,846.00

4. Balance Sheet Summary as on 31 March 2021

According to the Balance Sheet, the total liabilities and total assets of the Panchayat were ₹12,17,71,403.00, and the accounts were balanced accordingly.

A. Liabilities

• Panchayat Fund, Reserves and Surplus: ₹9,63,69,123.00
  This includes the General Fund of ₹6,02,38,049.00.
• Grants for Specific Purposes: ₹78,74,172.00
• Secured Loans from Cooperative Banks: ₹39,20,000.00
• Deposits from Contractors and Others, and Other Current Liabilities: ₹1,36,08,108.00

B. Assets

• Fixed Assets – Net Value after Depreciation: ₹4,20,86,768.00
  This includes land, buildings, roads, drinking-water sources, street lights and other fixed assets.
• Investments – Fixed Deposits: ₹44,00,217.00
• Cash and Bank Balance: ₹4,65,94,663.00
  This represents funds held in various Panchayat bank accounts and the Treasury.
• Current Assets and Advances: More than ₹2,86,90,000.00
  This includes receivables such as outstanding building tax, rent arrears and advances given to various agencies.

Conclusion

The financial position of Pampady Grama Panchayat during the financial year 2020–2021 appears to be financially stable. The Panchayat recorded a Gross Surplus of ₹19.30 lakh and a Net Surplus of approximately ₹24.36 lakh after prior-period adjustments.

A substantial portion of the funds received was utilised for social security pensions, housing, roads, healthcare, education, drinking water, sanitation and other public welfare and infrastructure-development activities. Overall, the financial report indicates that the Panchayat maintained a positive financial position while directing significant resources towards essential public services and welfare programmes.