Audit Report (2024 - 2025)
Kuravilangad Grama Panchayat Audit Report Review (2024 - 2025)
The main findings and recommendations of the official audit report of Kuravilangad Grama Panchayat for the financial year 2024-2025 conducted by the Kerala State Audit Department (Kottayam District Audit Office) can be summarized as follows.
1. Audit Summary
Scope: This audit report has been prepared under Section 13 of the Kerala Local Fund Audit Act, 1994.
Report Date: This report was officially issued by the District Deputy Director on 27/12/2025.
Utilization of Total Amount: Rs. 1,25,50,975 was sanctioned as General Purpose Grant for this year. However, only Rs. 1,25,37,950 has been recorded in the Receipt & Payment Account.
2. Major Financial Observations
Some of the major financial anomalies pointed out in the final sections of the report are as follows:
Deficiency in recording of assets: The value of Bus Stand, which is the main source of income and asset of Kuravilangad Panchayat, is not recorded as an asset in the balance sheet.
Differences in accounts: Distress Relief Fund: Its balance is recorded differently in Rp 40(b) and B-2 schedules.
CFC Account: The balance in Schedule B4 and the amount in Schedule RP 40(b) do not match.
Health Grant Accounts: The amounts in both the Health Grant Accounts do not match each other as per the schedules.
Loan Details: The actual loan balance recorded in Schedule B-5 does not match with the loan register.
Saksharatha Account: The audit department has not been able to ascertain the accuracy of the balance in this account.
Maintenance of Registers: It has been found that the Government and other dues register has not been maintained properly.
3. Utilization Certificates of Grants
As per Annexure-2 of the report, the institution has issued utilization certificates in compliance with the norms as per the order of S.U.(Kai) 16/2021/Taswabhava dated 23.01.2021 regarding the utilization of various government grants for the year 2024-2025. However, some gaps in accounting need to be addressed.
4. Recommendations for Rectification
Update the balance sheet: Calculate the exact value of all the immovable and movable assets owned by the panchayat, including the bus stand, and include it in the balance sheet.
Make the registers accurate: Update the loan registers and government dues registers periodically and reconcile them with the amounts in the bank accounts.
Transparency in fund utilization: Be vigilant to avoid even minor discrepancies in receiving central and state grants and recording them in the accounts.
Conclusion
Although most of the financial transactions of Kuravilangad Grama Panchayat are legal, this audit report shows that more care needs to be taken in recording asset information, maintaining registers accurately and fully complying with accounting standards.