Pampady
Grama Panchayat

Summary and Analysis of the Financial Report of Pampady Grama Panchayat for the Financial Year 2022–2023

The following is an analysis and summary based on the financial reports of Pampady Grama Panchayat for the financial year 2022–2023, as on 31 March 2023.

1. Balance Sheet

The total assets and liabilities of the Panchayat were balanced at ₹14,37,51,113.

Major Liabilities and Funds

• Panchayat General Fund: ₹6,27,82,356
• Reserves: ₹4,95,76,691 — mainly comprising contributions from the MGNREGS and Finance Commission Grants.
• Grants for Specific Purposes: ₹1,22,14,079
• Secured Loans from KURDFC: ₹7,29,6,804
• Deposits Received: ₹83,51,728
• Other Liabilities: ₹35,12,961

Major Assets

• Fixed Assets: ₹10,42,527
• Annual Plan Capital Expenditure:
  • Productive Sector: ₹26,09,913
  • Service Sector: ₹94,71,884
  • Infrastructure Sector: ₹5,32,99,744
• Cash and Bank Balance: ₹6,36,66,148
• Loans and Advances: ₹1,61,01,257 — including amounts advanced to agencies such as KWA and KSEB.
• Sundry Debtors: ₹69,81,703
• Accumulated Depreciation: -₹2,09,42,127

2. Income and Expenditure

During the financial year, the Panchayat recorded a net surplus of ₹18,35,990, as total income exceeded total expenditure.

• Total Income: ₹16,80,05,766
• Total Expenditure: ₹16,59,50,331

Major Sources of Income

• Revenue Grants and Contributions: ₹14,92,19,774 — the major portion of the Panchayat's income was received through government grants.
• Tax Revenue: ₹1,18,66,164 — mainly from property tax and profession tax.
• Rent from Panchayat-Owned Buildings: ₹32,77,896
• Fees and User Charges: ₹21,34,561

Major Expenditures

• Establishment Expenses: ₹1,54,12,080 — including salaries, honorarium, travelling allowance, etc.
• Expenditure on Transferred Institutions and Schemes: ₹5,58,51,380 — including amounts distributed under various social security pension schemes.

Decentralised Planning Programme

• Service Sector: ₹4,06,80,939
• Infrastructure Sector: ₹2,02,15,524
• Poverty Alleviation: ₹1,75,62,377
• Productive Sector: ₹69,35,136
• Operations and Maintenance: ₹32,60,278 — including street-light electricity charges, vehicle fuel expenses, etc.
• Depreciation: ₹37,83,296

3. Receipt and Payment Summary

• Opening Balance: ₹5,70,18,375
• Total Receipts during the Year: ₹12,14,64,208
• Total Payments during the Year: ₹12,14,64,208
• Closing Balance: ₹6,36,66,148 — maintained across various accounts including SBI and Kerala Bank.

Conclusion

Pampady Grama Panchayat maintained a sound financial position during the 2022–2023 financial year. A significant portion of its development activities and social security pension distribution was financed through government grants, in addition to its own-source revenue from taxes, rent, fees, and user charges.

The major areas of expenditure were infrastructure development, decentralised planning, social security schemes, poverty alleviation, and service-sector activities. The Panchayat concluded the financial year with a net surplus of ₹18,35,990 and a closing cash and bank balance of ₹6,36,66,148.