AFS Report (2025)
Kuravilangad Grama Panchayat Annual Financial Statement Report (2025)
This report is a financial review that shows the actual financial transactions of the Panchayat during the last financial year, the utilization of available funds, and the amount spent on various development areas.
1. Main Financial Sources and Revenue Receipts
Funds have been available to the Panchayat in three main ways during the last financial year:
Tax and Non-Tax Revenue: Amount collected directly by the Panchayat through building tax, employment tax, advertisement tax, and various license fees.
Government Grants: Shares available through Plan Fund, Road-Non-Road Grants, and Finance Commission Grants.
Other Funds: Amounts specifically allocated for various Central and State-designed projects.
2. Expenditure Analysis
According to the available financial information, the expenditure of the Panchayat can be mainly divided into the following areas:
a) Development Expenditure
Infrastructure Development: A large amount has been spent on the maintenance of rural roads, construction of culverts and maintenance of public buildings.
Production Sector: Funds have been properly spent on agricultural promotion, subsidies to farmers and animal husbandry activities.
Social Welfare: The previous years' share of the Life Mission Housing Scheme, various scholarships and financial assistance for differently-abled welfare activities have been distributed.
b) Administrative & Establishment Expenditure
Salary and Benefits: Amount for the salary, allowances and pension share of the Panchayat employees.
Office Administration Expenditure: Computer maintenance, internet-telephone charges, stationery items and electricity bills fall under this category.
Recurring Expenditures: The amount was spent on the day-to-day operations of health centers (Ayurvedic, Homeopathic, Veterinary Hospitals), Anganwadis, and schools.
3. Comparison with previous years’ plans
A review of this Financial Statement (AFS) reveals that:
The Fund Utilization Rate (Fund Utilization Rate) of the previous years is at an improved level.
Plan funds have been transferred to projects in various wards on time.
There has been significant progress in the collection of own funds, which increases the financial security of the panchayat.
Conclusion
The Annual Financial Statement (AFS) of Kuravilangad Panchayat for the year 2025 points to a transparent and systematic method of financial utilization. The panchayat has been able to properly control administrative expenses during this financial year, while allocating the required amount for development activities and public welfare schemes.