Annual Financial Statement 2024-25
Summary of the Annual Financial Statement of Pampady Grama Panchayat – 2024–2025
1. Balance Sheet Summary – As on 31 March 2025
- Total Liabilities and Assets: ₹18,83,40,556.00
- Panchayat General Fund: ₹8,49,77,202.00
This includes Excess of Income over Expenditure amounting to ₹6,97,20,046.00. - Reserves: ₹5,60,90,838.00
- Grants and Funds for Specific Purposes: ₹2,49,95,350.00
- Secured Loans: ₹71,82,267.00
- Deposits Received: ₹1,23,42,045.00
2. Assets and Investments
- Fixed Assets: The net value of fixed assets is recorded in the Balance Sheet after deducting accumulated depreciation. The total accumulated depreciation is -₹2,48,65,618.00.
- Cash and Bank Balance: ₹7,89,63,808.00 is held by the Panchayat in various bank accounts.
- General Fund Investments: ₹5,87,6109.00 has been invested in fixed deposits.
- Sundry Debtors/Receivables: ₹2,07,93,869.00, including outstanding amounts relating to property tax and profession tax.
3. Annual Plan – Capital Expenditure
The Panchayat implemented substantial development activities across various sectors during the year.
Productive Sector
₹26,26,569.00 was utilised for activities such as agricultural equipment, irrigation and solar plants.
Service Sector
₹1,71,27,703.00 was utilised for school improvements, drinking water projects, toilets, Anganwadi buildings, computerisation and other public services.
Infrastructure Sector
₹6,01,90,050.00 was utilised for new roads, culverts, bus stand development, construction of a new Panchayat office building, street lights and other infrastructure works.
4. Major Revenue Sources
Own-Source Revenue
The Panchayat generates substantial own-source revenue through:
- Residential and non-residential property taxes
- Profession tax
- Various licence fees
- Rent from Panchayat-owned buildings and other properties
Government Grants
The Panchayat also received significant financial assistance through various grants, including:
- General Purpose Fund: ₹2,29,70,425.00
- Central Finance Commission (CFC) Grants: Tied and Basic grants
- MGNREGS Funds
- ICDS Funds
5. Other Financial Liabilities and Repayments
Other liabilities amounting to ₹27,35,753.00 are outstanding under various heads, including:
- Employee salaries
- Pension contributions
- GST payments
- Library cess
- Other statutory liabilities
An amount of ₹1,23,42,045.00 is held by the Panchayat as contractors' security deposits and road-cutting deposits.
Conclusion
The Annual Financial Statement indicates that Pampady Grama Panchayat gave significant priority to infrastructure development and public service delivery during the financial year 2024–2025. Major investments were made in roads, culverts, public buildings, drinking water projects, schools, Anganwadis, sanitation facilities and street lighting.
The Panchayat also has substantial own-source revenue, government grants, bank balances and investments, indicating a strong and stable financial position. Overall, the financial management of the Panchayat reflects considerable emphasis on infrastructure development, public welfare and sustainable delivery of essential services.